“14.—(1) Every merchandise licence, being a national road freight carrier's licence, shall entitle the holder to carry on a merchandise road transport business in the State with such vehicles as may be specified in the licence.

(2) Every merchandise licence, being an international road freight carrier's licence, shall qualify the holder to carry on a merchandise road transport business either inside or outside the State with such vehicles as may be specified in the licence.

(3) Every merchandise licence shall also operate subject to the relevant provisions of this Act (as amended by the Road Transport Act, 1986) and the regulations made thereunder and to any conditions specified in the licence and, in the case of a merchandise licence being an international road freight carrier's licence, subject also to any regulations or rules in force in the State in which business is being carried on under the licence.

(4) A merchandise licence shall not be transferable.

(5) Every merchandise licence shall state—

(a) the name and address of the holder,

(b) the date of issue and expiry,

(c) the registration number of each vehicle which the licensee is to operate under the licence, and

(d) any other requirements (including conditions) specified by the Minister.

(6) In this section ‘carrier's licence’, ‘international road freight carrier's licence’ and ‘national road freight carrier's licence’ have the meanings assigned to them by the Road Transport Act, 1986.”.