Suez Canal Circular 3/2018

1. Laden or Ballast Dry Bulk Vessels coming from (or heading to) the East Coast of North America (ports located at the North of Savannah port) and heading to (or

coming from) the following areas:

a) Ports West of Indian subcontinent starting from Karachi up to Cochin port; shall be granted a reduction of 20% of Suez Canal normal tolls.

b) Cochin port and its Eastern ports (including Far East area) shall be granted a reduction of 60% of Suez Canal normal tolls

2. Laden or Ballast Dry Bulk Vessels coming from (or heading to) Savannah port

( Latitude 32° 6′ 39″ N) and its Southern Ports (including Ports of US Gulf, Mississippi River, Caribbean sea and Latin America) and heading to (or coming from) the

following areas:

a) Ports West of Indian subcontinent starting from Karachi up to Cochin port; shall be granted   a reduction of 45% of the Suez Canal normal tolls.

b) Cochin port and its Eastern ports (including Far East area); shall be granted a reduction of 75% of Suez Canal normal tolls.

Conditions of applying the Circular:

1) Any operating company wishing to benefit from this circular must submit a request through its shipping agency before sailing from the origin port.

The request must state: vessel’s particulars, origin port, sailing date and destination port, ETA to the Suez Canal and vessel’s condition (loaded/ballast) using the attached request form.

2) The vessel must not call any intermediate ports during its voyage between origin port and destination port for commercial purposes. In case the vessel called any intermediate ports for none commercial purposes a certificate issued by the port authority or other competent authorities will be required stating the reason of calling.

3) 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.

4) Required documents  to refund the rebate amount:

a) “Origin port” certificate from the last loading port stating the departure date, quantity of cargo in metric tons and type of cargo on departure duly signed & stamped by the port authority or other competent authorities.

b)  “Destination port” certificate from the first discharging port 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) “Principals Claim” requesting to refund the rebate amount stating the circular number, sailing date, transit date, arrival date at the destination port and a clear disclaimer that the vessel has not called any intermediate ports for commercial purposes.

5) Failing to submit all the required documents in due time or breaching any of the circular conditions will lead to the cancellation of the rebate previously granted to the vessel.

This circular takes effect for vessels sailing from port of origin as of the first of March 2018 and for one year.

To view the circular Press here.