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27 Feb 2019 / Suez Canal, Egypt

“Quantities incentive” rebates for LNG carriers

Clients’ Liquefied Natural Gas carriers transporting additional quantities of LNG through the Suez Canal shall be granted “Quantities Incentive” Rebates as follows:

a) Clients shall be granted a 5% rebate for each carrier’s round-trip, if the total LNG quantities transported by the client exceeded one million metric tons up to three million metric tons within one year from the beginning of the contract with Suez Canal Authority.

b) Clients shall be granted a 7% rebate for each carrier’s round-trip, if the total LNG quantities transported by the client exceeded three million metric tons up to ten million metric tons within one year from the beginning of the contract with Suez Canal Authority.

c) Clients shall be granted a 10% rebate for each carrier’s round-trip, if the total LNG quantities transported by the client exceeded ten million metric tons within one year from the beginning of the contract with Suez Canal Authority.

The afore mentioned rebates shall be calculated from Suez Canal normal tolls after deducting the rebate percentage of 25% which is granted by circular No.2/2015.

It is not allowed to benefit from both the “Quantities Incentive” Rebate and that granted by circular no. 07/2017

This circular shall be applied to “Quantities Incentive” Files initiated after its issuance date.

(For information about operations in the Suez Canal contact GAC Egypt at [email protected])

Source: Suez Canal Authority Notice No.1 of 2019 issued 25 February 2019

If quoting any content from Hot Port News, please cite GAC Hot Port News as the source.

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