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As an encouragement for laden VLCCs & ULCCs (of DWT more than 250,000 tons) to transit the Suez Canal, Suez Canal Authority had decided the following:
VLCCs & ULCCs (of DWT more than 250,000 tons) loaded from "ports at North West of Europe till the port of Gibraltar" and heading to "Ports at South East of Asia & the Far East starting from Port Klang and its Eastern ports" shall be granted a rebate of 48% from Suez Canal normal tolls.
The afore mentioned VLCCs or ULCCs are allowed to conduct the following commercial operations:
1) Stopping at any intermediate port(s) to discharge a part of its cargo before transiting the Suez Canal in laden condition.
2) Stopping at any intermediate port(s) after transiting the Suez Canal in laden condition to continue loading.
Conditions of applying the Circular:
1) Any operating company wishing to benefit from this circular must submit a request through its shipping agency before the tankers sailing from port of origin. The request must state: vessel’s particulars, origin port, sailing date, destination port, intermediate ports & the reason of calling such ports, ETA to Suez Canal, vessel’s condition upon transit (laden/ballast) and the type & quantity of cargo.
2) Full normal Suez Canal transit tolls to be paid upon transit and the rebate amount will be refunded after submitting all the required documents within one calendar year starts the following day of transit (where all the required documents related to the rebate case must be submitted as one package).
3) Required documents to refund the rebate amount:
a) “Origin port” certificate from the last port that the vessel sailed from stating the departure date, quantity of cargo in metric tons and type of cargo on departure to be duly signed & stamped by the port authority or other competent authorities.
b) “Destination port” certificate from the first port of arrival stating the arrival date, quantity of cargo in metric tons and type of cargo on arrival duly signed and stamped by the port authority or other competent authorities.
c) "Stoppage" certificates from all intermediate ports called by the tanker whether for commercial or non-commercial purposes. The certificate must state the date of arrival, date of departure, reason of calling and in case the reason of calling was for a commercial purpose (discharging or loading) the certificate must state the type & quantity of cargo upon arrival & departure. In all cases the certificates must be duly signed and stamped by the port authority or other competent authorities.
d) “Principals Claim” requesting to refund the rebate amount stating the circular number, vessel's particulars, port of origin and sailing date, destination port and arrival date, Suez Canal transit date, called intermediate ports for commercial purposes & the date of arrival & departure from these ports, claimed rebate percentage and the name of the local shipping agent to whom the rebate percentage should be refunded which is the transit agent.
e) Failing to submit all the required documents in due time or breaching any of the pre-set circular conditions will lead to the cancellation of the rebate previously granted to the vessel as per this circular.
This circular is applicable to laden VLCCs & ULCCs (of DWT more than 250,000 tons) sailing from port of origin from 1st of December 2020 till 31st of May 2021.
(For information about operations in the Suez Canal, contact GAC Egypt at [email protected])
Source: Suez Canal Authority Circular No.6/2020 dated 24 November 2020