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:

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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

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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.