EMEA News
Suez Canal Offers New Discount for VLCCs
The Suez Canal Authority (SCA) Sunday put a new discount into effect, providing a 45 percent reduction on transit tolls for very large crude carriers (VLCCs) of at least 200,000 DWT that are in ballast and coming from Gulf of Mexico, the Caribbean, and the North Coast of South America to the Arabian Gulf.
In order to receive the discount, eligible companies must submit a request to SCA before transiting through the canal.
Further, within 60 days, certificates must be submitted that have been signed and stamped by port authorities from both the port of origin, stating date of departure and condition of the ship, and the port of arrival, stating date of arrival and port of departure.
If a VLCC looking to receive the discount stops ports between the port of origin and the intended port of arrival, a certificate stating the reason for stoppage, signed and stamped by the relevant port authorities, must submitted to SCA.
SCA also states that shipping agencies must confirm the payment of complete transit dues without any rebates if port of origin or port of arrival is changed.
In June, SCA announced a new discount for container ships transiting the Suez Canal, offering a 45 percent discount off normal canal tolls to container ships coming from Port of Norfolk and its northern ports heading to the ports of Port Kelang and its eastern ports.
