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Saturday, October 20, 2018


INTERTANKO has been informed that such a fee has been implemented recently with immediate effect and without pre-warning to the shipping industry.  The fixed amount of CRFA 1,500,000 corresponds to approximately USD 2,200 at the current ROC.

The extra cost for owners’ account corresponds to an increase of some 3 cents of the basic Worldscale rates, which does not warrant an immediate revision of the rates.  These will be adjusted in the 2001 Worldscale rate schedule.

We therefore remind our members to pay attention to this new cost item applicable to voyages involving Gabonese ports.

Source: Worldscale Association (London) Limited, London