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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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New EEU border mechanism to calculate bunker fuel transported as stores

08 Nov 2016 10:37 GMT

EEC establishes new method to calculate marine fuel transported as vessel stores at EEU borders.



The Eurasian Economic Commission (EEC) has established a new mechanism to calculate the amount of bunker fuel that can be defined as vessel stores for ships operating within the borders of the Eurasian Economic Union (EEU), PortNews IAA reports.

Following a decision made by the EEC at a meeting on 1st November, the amount of bunker fuel that can be transported across EEU customs borders and classified as ship stores will be limited to the vessel's actual consumption since being bunkered if the vessel was bunkered in the EEU area less than 30 days prior to crossing the border.

For vessels that were last bunkered in the EEU more than 30 days before crossing the customs border, the amount of marine fuel that can be declared as stores will be determined by the capacity of the ship's bunker tanks.

The EEC board is understood to have also put together a data form - that is to be completed by shipping firms when declaring bunker fuel as stores - as well as developing a clearly defined algorithm that is to be used to make calculations based on the new ruling.

EEC board member, Mukai Kadyrkulov, stressed that the ruling does not set a limit on the amount of bunker fuel that can be carried by ships across EEU borders. He noted that bunker volumes that are not classified as vessel stores can be transported across EEU borders once the relevant customs procedures and payments have been carried out.

"The decision sets quite a simple and clear mechanism for calculation of bunker amount allowed for moving outside EEU without placing under the customs procedures and payment of customs dues. The decision will eliminate the former problems caused by absence of clear regulations and faced by all officials involved in the process when checking and confirming the amount of bunker declared as stores and supposed for moving outside EEU," Kadyrkulov is quoted as saying.




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