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Azerbaijan approves upper limit of tariffs for transit of oil, oil products (UDPATE)

Oil&Gas Materials 8 December 2015 16:51
Azerbaijani Coordination Council for Transit Cargo Transportations approved the upper limit of tariffs for transiting oil and oil products by rail, as well as their transhipment through sea terminals.

Detail added (first version posted on 15:26)

Baku, Azerbaijan, Dec. 8

Trend:

Azerbaijani Coordination Council for Transit Cargo Transportations approved the upper limit of tariffs for transiting oil and oil products by rail, as well as their transhipment through sea terminals.

The Council said Dec. 8 that the upper limit was adopted taking into account the proposals of the Azerbaijani Railways, the Azerbaijan Caspian Shipping Company, and the country's sea terminals.

Tariffs include the cost of all kinds of services while transiting and transhipment of oil and oil products.

"Thus, the entities rendering these services, may apply discounts of up to 30 percent," said the Council.

Under the decision of the Council, the forwarding expenses for services to transit and tranship oil and oil products are calculated through a two-percent increment to the approved tariffs.

The cost of contracts shall not exceed the approved tariffs and forwarding costs.

The new tariffs came into force on December 3, 2015.

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