This circular supersedes Port Marine Circular No. 17 of 2019.
The current port dues rebate scheme for vessels handling transhipment vehicles in Singapore will expire on 31 December 2022.
Port dues for vessels handling transhipment vehicles in Singapore will apply in full from 1 January 2026. To help vehicle carrier operators in the transition, the rebate scheme over the next three years from 1 January 2023 till 31 December 2025 will apply as follows1:
a. Less than 10,000 transhiped vehicles in Singapore per year: 5% port dues rebate if a minimum compound annual growth rate (CAGR) of 5% over base year2 is achieved. No rebate if growth condition is not met.
b. Between 10,000 and 200,000 transhiped vehicles in Singapore per year: 10% port dues rebate if a minimum CAGR of 2% over base year is achieved; otherwise 5% port dues rebate.
c. More than 200,000 transhiped vehicles in Singapore per year: 10% port dues rebate if positive CAGR over base year is achieved; otherwise 5% port dues rebate.
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 (i.e. the application for year 2023 should be submitted by 30 April 2024 and so on).
The port dues rebate scheme for vessels handling transhipment vehicles was introduced in 2005 to encourage the growth in vehicle transhipment business in Singapore. The scheme is reviewed every three years with the last one conducted in 2019.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
Please Contact Us at：
media@xindemarine.com
