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13 Nov 2019 / Suez Canal, Egypt

Tolls reduction for crude oil tankers (amendment)

Suez Canal Authority has decided that circular No. 1/2018 concerning crude oil tankers (laden or ballast) coming from ports of the US Gulf, Caribbean area and Latin America and heading to Asian ports, shall remain in force for 6 months of the year 2020 after amending (para 1 and 2 of "Article One") of the circular to read as follows:

  1. “Crude Oil” tankers (laden or ballast) coming from (or heading to) ports of the US Gulf, Caribbean area heading to (or coming from):
    a) Ports West of Indian subcontinent (starting from Karachi till Cochin) shall be granted a reduction of 45% of the Suez Canal normal tolls.
    b) Ports located East of Cochin port shall be granted a reduction of 75% of Suez Canal normal tolls.
  2. “Crude Oil” tankers (laden or ballast) coming from (or heading to) ports of Latin America Starting from Colombia (San Andres Island - Latitude 12 deg. 34' 40'' N) and its southern ports heading to (or coming from) the Asian ports starting from Karachi port and its eastern ports shall be granted a reduction of 75% of Suez Canal normal tolls.

This periodical shall be applicable to crude oil tankers (laden or ballast) sailing from “origin ports” from 1 January 2020 until the day before 30 June 2020.

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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