Maritime and Port Authority of Singapore (MPA) issued a circular, superseding Port Marine Circular No. 12 of 2013, regarding the dues that should be paid by vessels handling transhipment vehicles in Singapore.
MPA informs that has conducted a review and extends the above scheme, which aims to encourage the growth in the vehicle transhipment business in Singapore. The scheme will be valid for another 3 years from 1 January 2017 till 31 December 2019. MPA will review the scheme in 2019.
Specifically:
- Under the scheme, port dues rebate will be granted to vehicle carrier operators’ vessels handling transshipment vehicles in Singapore with a port stay of not more than 5 days as follows:
- Less than 10,000 transhiped vehicles in Singapore per year: 10% port dues rebate if a minimum compound annual growth rate (CAGR) of 5% over base year1 is achieved. No rebate if growth condition is not met.
- Between 10,000 and 200,000 transhiped vehicles in Singapore per year: 20% port dues rebate if a minimum CAGR of 2% over base year is achieved; otherwise 10% port dues rebate.
- More than 200,000 transhiped vehicles in Singapore per year: 20% port dues rebate if positive CAGR over base year is achieved; otherwise 10% port dues rebate.1 3-year average from 2011 to 2013
- The vehicle carrier operator will not be entitled to the rebate during any year that it does not fulfill the conditions of the scheme.
- Vehicle carrier operators that fulfill the conditions of the scheme, for the year under review, should complete and submit the attached application form to MPA by 30 April of the following year.
Source: MPA
