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25 Jul 2016 / Suez Canal, Egypt

Reduced transit tolls for VLCCs (update)

The Suez Canal Authority has issued a new Circular concerning reduced transit tolls for VLCCs of more than 200,000 DWT in ballast coming from America and heading for the Arabian Gulf.

Circular No.4/2016, states:

QUOTE…
A 45% reduction from the applicable SC transit tolls excluding other services dues shall be offered to VLCCs – in ballast of 200.000 dwt and above, coming from the Gulf of Mexico, the Caribbean and the North Coast of South America…

…The company which wants to benefit from the circular shall submit a request before transit through its agency, subject to forward the following documents after transit:

  1. A certificate from the port of origin stating date of departure and condition of the ship (ballast) signed and stamped by the port authorities.
  2. A certificate from the port of arrival, stating date of arrival and port of departure, signed and stamped by port authorities.
  3. In case of stopping at in between ports, a certificate stating the reason of stoppage is to be submitted, signed and stamped by port authorities.
  4. An undertaking from the shipping agency confirming the payment of the whole transit dues without any rebates in case of changing port of origin or port of arrival.

The abovementioned documents are to be submitted a maximum of 60 days from the date of transit. The rebate shall be cancelled if the documents are not adequate or not forwarded in the definite time.

This circular dos not cancel the applicable long haul tolls rebate circular.

This circular takes effect as of 24/7/2016 as an experimental period to be renewed (6 months).
…UNQUOTE.

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

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

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