MPA to extend port dues rebate for ships handling transshipment vehicles

THE Maritime and Port Authority of Singapore (MPA) has announced that it will extend a scheme to offer "20 per cent port dues rebate" for vessels handling transshipment vehicles in Singapore for three years from January 1, 2011 until December 31, 2013.

The MPA said it will review the conditions and relevancy of the scheme after 2013 in a port marine circular to vehicle carrier operators.

It said the rebate will be granted to vessels handling transshipment vehicles in Singapore "if the vehicle transshipment volume handled in Singapore by the vehicle carrier operator for the year under review is at least 10,000 vehicle units, and there is a minimum compound annual growth rate (CAGR) of five per cent over the base year 2010."

The circular continued: "The vehicle carrier operator will not be entitled to the rebate during any year that it does not fulfil the conditions of the scheme. MPA will not impose penalty charges or clawback of rebate(s) paid in earlier year(s) where the vehicle carrier operator fulfilled the conditions of the scheme."

Vehicle carrier operators that fulfil the conditions of the scheme for the year under review should submit an application to the MPA by April 30, 2011.
(Source:www.schednet.com)