Egypt – Suez – Circular No. 1/2019 Regarding “Quantities Incentive” Rebate granted to LNG Carriers passing through Suez Canal

Please find attached Circular No. 1/2019 regarding “Quantities Incentive” rebates granted to LNG Carriers passing through Suez Canal (Circular 2/2015 & 2/2017 added for reference).

Circular 2-2015

Circular 2-2017 (extension)

Circular 2-2017

Circular No. 1-2019

Circular no1-2019-conditions-forms

This circular shall be applied according to the attached conditions.

Circular no. (3/2011) shall be cancelled and replaced by the following :

Clients’ Liquefied Natural Gas carriers transporting additional quantities of LNG through Suez canal shall be granted “ quantities Incentive” rebate as follows :

 

  • Clients shall be granted a 5% rebate for each carrier’s round trip , if the total LNG Quantities transported by the Client exceed one million metric tons up to three million metric tons within one year from the beginning of the contract with Suez canal authority .
  • Clients shall be granted a 7% rebate for each carrier’s round trip , if the total LNG Quantities transported by the Client exceed three million metric tons up to ten million metric tons within one year from the beginning of the contract with Suez canal authority .

Clients shall be granted a 10% rebate for each carrier’s round trip , if the total LNG Quantities transported by the Client exceed ten million metric tons within one year from the beginning of the contract with Suez canal authority


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