Page 249 - Rules of Navigation2020
P. 249
CHAPTER XIV
PAYMENT OF SUEZ CANAL DUES
Art. 105 - Determination of Payment of Suez Canal Dues:
(1) The SC dues rates are determined on the basis of SDR units (Special Drawing Rights).
(2) Dues which are calculated on this basis are payable in one of the acceptable currencies
according to their rates in relation to SDR as declared in the latest bulletin issued by the
International Monetary Fund (IMF )
(3) The acceptable currencies for dues payment are:
-US Dollar -Swedish Krona
-Euro -Danish Krone
-Sterling Pound -Norwegian Krone
-Japanese Yen -Swiss Franc
-Canadian Dollar -Chinese Yuan
The chosen currency must be declared in the statistical declaration submitted to the
SCA by dues payer.
(4) Canal dues may be paid in Egyptian pounds when the vessel fulfills the following
conditions:
a) Vessels under the Egyptian flag.
b) The owner's nationality is Egyptian and not subject to the "Investment" law.
c) If the charterer is Egyptian, in this case chartering agreements must be
introduced.
(5) Dues must be paid to the SCA through an authorized agent prior to the vessel's transit
according to the SCA Regulations , using a bank account.
(1)
(6) Both the principal and the authorized agent that pays the vessel's transit dues shall be
deemed jointly responsible for any future settlements regarding such vessel's transit
dues or granted rebate amounts (if any).
1) Dues of Navy ships can be paid through their embassies in Egypt
-197-