Venezuela: New Exchange Rate for Foreign Vessels

Maritime Activity Reports, Inc.

April 9, 2014

GAC said a new exchange rate has come into effect in Venezuela for services rendered to foreign-flagged vessels performing international trading. The official rate, as per SICAD II public currency exchange auctions, is BsF. 49.06 per USD.

This new rate – which came into effect for all transactions made from 4 April onwards - produces significant savings for foreign clients calling Venezuela.

The new exchange rate will not affect or taken in consideration for calculation of services rendered and fixed on tariffs and settled on USD (Terminal Fixed Charges invoiced by PDVSA) as the method of payment remains unchanged, deposited in a foreign Bank Account.

gac.com
 

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