27-10-2016

Ships working cargo exempt from Piraeus tax rule: sources

Piraeus

A new customs’ rule applied to Greek ports does not include ships working cargo, according to market sources.

While bunker players in Piraeus feared the new rule, which stipulates that ships in the port must present their charter party prior to bunkering or pay tax on bunkers, would hit demand, the authorities have said ships working cargo are not to be included under the rule.

Ships working cargo account for around three-quarters of bunker demand in Piraeus. “A declaration from the ship’s agent is enough,” a Piraeus-based bunker trader said.

However, there could be an aggregate hit on bunker demand as ships only wanting bunkers and not working cargo would come under the new rule.

“That could reduce overall bunker sales in the port,” the trader said.

Source : Platts 

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