COMPANIES
SPECIALIZED IN LOADING, UNLOADING AND RE-LOADING OPERATIONS, STS CAN GET
INVOLVED TO ENCOURAGE THE PASSAGE OF SUPERTANKERS THAT CURRENTLY DO NOT USE THE
SUEZ CANAL.
THE COMPANY CAN LIGHTEN PART OF THE SUPERTANKER'S CARGO (MOTHER SHIP) ONTO A
SMALLER TANKER "SUEZ MAX" (DAUGHTER) AT THE GULF OF SUEZ, WHEREBY, THE
TWO SHIPS TRANSIT THE SUEZ CANAL BEFORE THE MOTHER SUPERTANKER GETS HER CARGO
BACK AT PORT SAID.
THE TWO SHIPS WILL BE FINANCIALLY TREATED AS FOLLOWS:
1) DUES ARE CALCULATED AT THE RATE OF USD 0.10/BARREL, AND COLLECTED FOR THE
TOTAL VOLUME OF CARGO CARRIED BY THE TWO SHIPS,
2) THE TWO SHIPS ARE DULY EXEMPTED FROM THE CHARGE OF ESCORTING TUGBOATS WHILE
TRANSITING THE CANAL "SUEZ CANAL RULES OF NAVIGATION".
3) ONCE THE CARGO HAS BEEN RELOADED BACK ONTO THE SUPERTANKER, THE SMALLER
TANKER IS EXEMPTED FROM THE TRANSIT DUES OF THE RETURN, BALLAST TRIP, PROVIDED
THAT THE SHIP GETS BACK DIRECTLY AS THE JOB IS COMPLETED AND HAS NOT BEEN
INVOLVED IN ANY COMMERCIAL BUSINESS OR ACTIVITY, EXCEPT FOR SIMILAR OPERATIONS
PERFORMED IN THE OPPOSITE DIRECTION.