Iran suspends 10% freight charge on foreign oil and gas vessels
Iran has halted a 10% charge on freight fees for foreign vessels carrying oil, gas and liquid petroleum products pending government approval of a product list.
Tehran, Iran. Iran has temporarily suspended a 10 per cent charge on freight fees for foreign vessels transporting imported or exported oil, gas and liquid petroleum products, the semi-official Fars news agency reported on Thursday. The move comes as a US naval blockade has sharply disrupted Iran’s seaborne oil exports.
Charge suspended pending product list
The presidential legal deputy ordered the collection of the charge to stop until the government approves and publishes a list of products subject to the levy, according to Fars.
Transport costs
Fars said the charge had raised the cost of transporting oil, gas and liquid products. Suspending it could reduce transport costs and encourage foreign fleets to carry goods to and from Iran.
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