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Bunkering, Port Conditions, Ports & Terminals — By on February 5, 2016 at 7:09 PM

GAC 01072014

 

 

 

 

 

  – 05-Feb-2016

BANK HOLIDAY
Panama
CHANGES TO BUNKER EXCISE
Australia
Bank Holiday
Friday, February 5, 2016, Panama
Due to next week’s national Carnival holidays (2-10 February) banks in Panama will be closed on Monday 8 and Tuesday 9 February, reopening on the afternoon of Wednesday 10 February.No Cash to Master can be arranged on Tuesday. Further problems can be encountered in clearance of shipments for vessels and Panama Crew Visas.For information about operations in Panama contact GAC-Wilford & McKay at gac-wilfordmckay.panama@gac.com

Changes to bunker excise
Friday, February 5, 2016, Australia
The Australian Government has announced a rise in Fuel Tax from 39.200 cents per litre to 39.500 cpl with effect from 1 February 2016.For Coastal Shipping, the new rate payable for Bunker Excise on coastal bunkers consumed is 39.500 cpl, with the Excise Rebate remaining at 100%  due to the removal of the Carbon Tax from 1 July 2014.Indexation of fuel duty has returned to a biannual CPI Indexation from 1 February and again from 1 August of each year. The next expected change would be from 1 August 2016.For information about operations in Australia contact GAC Australia at shipping.australia@gac.com
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