CIRCULAR NO. 7/2004

 

ARTICLE ONE

 

CIRCULAR NO. 435615 CONCERNING REDUCTION IN TRANSIT DUES FOR VLCC'S IN BALLAST COMING FROM AMERICA TO THE ARABIAN GULF, SHALL BE AMENDED TO BE AS FOLLOWS:

 

* IN BALLAST VLCC'S OF 200.000 DWT AND ABOVE SHALL BE GRANTED THE FOLLOWING REDUCTIONS IN S.C. TRANSIT DUES:

A. 35% REDUCTION IN THE APPLICABLE S.C TRANSIT DUES SHALL BE OFFERED TO THE VLCC'S COMING FROM THE GULF OF MEXICO.

B. 40% REDUCTION IN THE APPLICABLE, S.C TRANSIT DUES SHALL BE OFFERED TO THE VLCC'S COMING FROM THE CARIBBEAN ZONE AND THE NORTH COAST OF SOUTH AMERICA.

 

ARTICLE TWO

 

THIS CIRCULAR TAKES EFFECT AS OF 1/2/2005

 

DIRECTOR OF TRANSIT ENG. 

GALAL ABDEL LATIF ELDEEB