SICAD II RoE may apply for port/terminal claims

Members exposure for claims made in local currency may significantly decrease by applying the SICAD II RoE for port/terminal claims
Venezuela have various RoE that would apply depending on the economic activity:
1. Official: 6,3 VEF/USD
According to exchange agreement N28 (art. 11) the applicable RoE for shipowners regarding the following list of expenses is the SICAD II: port and marine services, royalties, arrival, loading or unloading, dock, storage,habilitation, use of facilities or inventory, aids and other compensation or services provided by the National Executive. Notwithstanding that port claims aren´tspecifically tipified within the above list, by making an extensive interpretation of the rule we would say that payments made to any port due claims made in local currency may be calculated and processed through SICAD II RoE reducing members exposure significantly if claims were calculated at the official RoE as showed above.
We recently had a positive experience on reducing a pier damage claim from a terminal locally in about 2.5 Million/USD by applying to the aforementioned RoE before a local bank and by sending communications to the central bank explaining our extensive interpretation and requesting authorization to use the referred currecy market in order to significantly reduce the claim amount in foreign currency. Clubs and members are hereby recommended to try to apply to this market through the regular channels for those items that can be applied.
Should you have any question about this or any other matter, please don’t hesitate on contacting us.
Carlos Carrasco
Operations Manager
Venepandi, C.A.

Oil pollution in Maracaibo lake

Most Vessel calling at Maracaibo lake and mainly those calling at PDVSA´s terminal there are encountering with an oil firm that ins´t being controlled by the Terminal and that is causing ship´s hulls to get polluted with black oil.

Threats to security within Venezuelan territory

Given the current violent crime situation in Venezuela which reached this week the highest pike with the murder of miss Venezuela 2004 and her Irish husband, we kindly invite club´s and members to take a look on this circular and its content in order to ensure safety of crew members and personal coming to the country for business.

Possible street riots during local elections in Venezuela

You probably are aware about the upcoming local authorities elections to take place this Sunday December 8th, 2013. To which, without creating any kind of panic, we recommend that if there are vessels docked in Venezuelan ports that day and Monday, the crew does not go to shore, as it is presumed the remote possibility of armed street riots depending on results.

Special powers given to the president will potentially increase the imports

Venezuela's National Assembly has given final approval to special powers for President Nicolas Maduro. Under the enabling act given by the assembly President Maduro will be able to govern by rule without consulting Congress for 12 months.

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