Suez Canal Offers Rebates for Dry Bulk Carriers

 

In continuation of her role in offering services to the world trade and encouraging mutual trade between Americas and the Caribbean, on one hand and the Indian subcontinent and Asian countries east of India, on the other hand and in the frame of her marketing policy, Suez Canal Authority (SCA) announces a new initiative for supporting the economics of the dry bulk carriers working among the aforementioned areas as following:

Article One:

First:

A rebate of 35% (thirty five pct) of transit dues on the round trip of dry bulk carriers shall be applied for ships working between ports of east cost of the Americas and the Caribbean heading to (or coming from) ports of Indian subcontinent and Asian countries east of India.

Subject to the following conditions:
A) Any operating company, wishing to benefit from this reduction has to submit a request (through shipping agency) to SCA prior to transit, stating ship's particulars, ports of origin, destination, ETA Suez Canal and Ship's condition (Ballast or loaded).

B) Transit dues of the first trip should be paid in full (in ballast or loaded) and the rebate shall be settled at the return trip.

C) The same ship has to transit Suez Canal on her return trip heading to the port of origin of the first trip within 3 (three) months from the previous transit date.

D) No commercial operations to be carried out by the ship at ports in between during the round trip.

Second:

Documents required for applying the rebate

1- A declaration must be forwarded by the master at each transit stating ports of origin, destination, ship's condition (loaded or in ballast) and cargo quantity if loaded - subject not to call any ports in between for any other cargo operations during the trip.

2- A certificate from each port of origin and destination, authenticated by port authority or competent party, showing date of arrival, departure and quantity of cargo loaded or discharges.

This certificate shall be identified by SCA to ship's route according to AIS.

3-A. A statement from ship's agency under taking to complete all the required documents within a maximum of six months from the date of transit for return trip.

3-B. In case such documents are not duly completed in the fixed time or any condition of this circular is breached the rebate's value shall be deducted from the agency’s account at SCA.

3-C. The letter of guarantee or cheque of guarantee, submitted by the agency at the return trip, shall not be released unless the required documents are completed or the rebate previously granted is settled

Third

- The aforementioned rebate shall be applied on transit dues only and does not apply on any other services such as (tugs or any additional dues).

Article Two:

This circulate takes effect as of January 1st, 2015 and valid for one year from date of issuance.

Source: Suez Canal Authority Circular No.6/2014 dated 21 December 2014