SCA Circular No. 9/1995

Suez Canal Transit dues as of January 1st 1996

Article One:

The Suez Canal Authority (SCA) announces that transit dues shall remain unchanged (as per Circular No. 6/1993 for the second year in succesion for all types of ships other than:

a) Crude Oil Tankers
b) Tankers of Petroleum Products
c) LPG Carriers

Article Two:

I. Crude Oil Tankers
Crude oil tankers shall be granted a reduction of 10% of the transit dues stated in circular No. 6/1993.

II. Volume Incentives for Crude Oil Tankers

a) A discount of 5% on Suez Canal dues stated will apply on the round trip of the same tanker (loaded and in ballast) if crude oil quantities transported by one individual client, in the same calendar year, exceeds four million metric tons and up to four million metric tons
b) A discount of 10% on Suez canal dues will apply on the round trip of the same tanker (loaded and in ballast) if crude oil quantities transported by one individual client, in the same calendar year, exceeds four million metric tons and up to five million metric tons.
c) A discount of 30% on Suez canal dues will apply on the round trip of the same tanker (loaded and in ballast) if crude quantities transported by one individual client in the same calendar year exceeds five million metric tons.

III. In all of the above mentioned cases and after the reductions have duly been effected, the maximum payment for the round trip (loaded and in ballast) of any crude oil tanker shall stand at SDR 330,000 regardless of the tanker’s SCNT.

IV. Clients who wish to transport crude oil quantities from the Arabian Gulf through the Suez Canal over a period of time during 1996, may present a written application to the SCA Planning, Research and Studies Dept., Economic Unit, so that appropriate trasnti dues for such quantities can be decided. However, those clients shall not enjoy the volume incentives stated in Article II (a, b and c) above.

V. The Circulars stated below will remain in force.

1. Circular No. 435615 regarding the reduced transit dues of ballast mammoth oil tankers coming from USA to the Arabian Gulf.
2. Circular No. 435639 regarding STS (while maximum payment mentioned in III above is not applicable.
3. Circular No. 8/1995 regarding tankers that lighten part of their crude oil cargo in SUMED Terminal at Sukhna.
4. Article two circular No. 6/1993 regarding the reductions granted to environmentally friendly tankers at the rate of 2% for double hulls and 4% for SBT’s.

VI. Reductions granted in Article two (II), a, b, c and III shall be settled upon the return loaded trip once the bill of lading and the cargo manifest have been duly presented.

VII. Any client who wishes to make use of the said volume reductions, article two (II) a, b, and c, shall have to submit a prior request illustrating all necessary information as per the attached form, adequately in advance of transit. A special file, including the trips made by the client’s tankers shall, accordingly, be initiated for the follow up of the crude oil quantities that have already been transported.

Article Three:

I. Tankers of Petroleum Products
Tankers of Petroleum Products shall be granted a reduction of 10% of the transit dues stated in Circular No. 6/1993.