12.—(1) In the Merchant Shipping (Liner Conferences) Act 1982(1) section 11 (exclusion of restrictive practices law) is amended as follows.
(2) For subsection (1) is substituted “(1) No agreement shall so far as it relates to any restriction to which this section applies be unenforceable by virtue of any rule of law about unreasonable restraint of trade.”.
(3) Subsections (5) and (6) are repealed.