Date : 2019-11-12
Catogery : All Categories
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 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 at the west of India) 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 12o 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 article contains an amendment for an earlier article: Article One - Circular No. 1/2018
This periodical shall be applicable to “Crude oil” tankers (laden or ballast) sailing from “origin ports” from the 1st of January 2020 till the day
before 30th of June 2020.