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2010 December 23   15:22

Ukraine cuts rates for handling oil & LNG cargo at local ports

Ministry of Justice agreed on the order of the Ministry of Infrastructure on the introduction of discounts for services provided for handling crude oil at the country’s sea ports, depending on the volume of the cargo deliveries, the Ministry of Infrastructure statement said.

The wharfage dues charged from ships while transshipping oil and petroleum products will range from $ 0.9 to $ 1.8 per ton, depending on the volume handled during the quarter.

At Commercial Port of Reni the fee may vary from $ 1 to $ 1.3 depending on how the cargo is handled. The fee for the use of the berth for handling foreign trade goods will remain at  $ 1,8 per ton. The same rate was set for handling liquefied natural gas (LNG) at Odessa, Reni and Iyichevck ports.

According to Ukrmorrichflot’s experts, the rates discounts introduction could boost the volume of crude oil and petroleum products shipment to 3.5 million tons in 2011. As a result, revenues would increase by UAH 42.8 million and at least UAH 20,3m could be channeled to the country’s budget.

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