MPA Singapore informed that the Maritime Welfare Fee (MWF) concession will be extended for a further two years and cease thereafter.
The Maritime Welfare Fee (MWF) applies for each vessel call, and to qualify for the MWF concession, the vessel’s port stay must not exceed four days for that vessel call.
The 100% MWF concession, first introduced with effect from 1 October 2012 for a period of five years as part of economic relief measures, was subsequently extended twice in 2017 and 2019, and is expected to expire on 31 December 2022.
Now, the MWF concession will be extended for a further two years at the following rates and cease thereafter:
- 75% MWF concession from 1 January 2023 to 31 December 2023; and
- 50% MWF concession from 1 January 2024 to 31 December 2024.
The concession will stop from 1 January 2025.
The MWF concession applies for vessels with port stay not exceeding four days and vessels that meet such prevailing condition(s) as may be notified by MPA from time to time.
explore more at the circular on MWF concession
