BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



New EEU border mechanism to calculate bunker fuel transported as stores

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





Updated on 08 Nov 2016 10:37 GMT

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.






Related Links:

Discussions in progress on how to enforce legal framework on Russian bunkering
St. Petersburg plans to join EU sulphur verification platform
Vladivostok offshore zone not ruled out
Russia

Latest News:

KC LNG unveils 'game-changer' Y-piece that slashes bunker delivery times
Maersk COO explains unit cost at fixed bunker price, outlines fuel efficiency plan
Brent remains near $80
Oil and fuel oil hedging market update
MAN Diesel & Turbo joins SEA\LNG
Crew member files lawsuit against Vane Line Bunkering
GoodFuels secures funding from Dutch investment firm
Maersk Ocean profit impacted by higher bunker costs... which surge to almost $1.2bn
Oil and fuel oil hedging market update
Oil at three-and-a-half-year high on inventory deviations, geopolitical uncertainty
KPI Bridge Oil announces Group Marketing Manager promotion
Praxis looking to hire bunker trader in Singapore




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events