The rebates apply for petroleum product tankers transiting from US Gulf ports from Miami westwards and the Caribbean area to ports in the Indian sub-continent and Asia via the Suez Canal.
The rebates are scaled depending on how far East the vessel calls with a 20% rebate for ports from Karachi, Pakistan to Cochin, India; a 60% rebate for ports east of Cochin until before Port Klang, Malaysia; and 75% for ports from Port Klang eastwards.
Vessels pay the full normal tolls for the Suez Canal and then apply for the rebate. To be eligible for a rebate ships should not call intermediate ports between origin and destination ports.
The rebate applies between 1 July and 31 December.
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