Venezuelan seaport tariffs to hike 46.5% upon new forex rate
State-run company Bolivariana de Puertos' tariffs and services are estimated in US dollars, so importers shall pay more
As set forth in Article 4 of Official Gazette 40,078, dated December 26, 2012, seaport tariffs and services are based on the updated fees schedule of state-run company Bolivariana de Puertos (Bolipuertos), which calculates tariffs and services at the official foreign exchange rate.
"Seaport tariffs regulated under this resolution are estimated in dollars of the United States of America, in compliance with international standards, but payments are made in local currency based on the foreign exchange rate as determined by the Central Bank of Venezuela, and shall be made prior to dispatch and/or final withdrawal of goods from the seaport facilities," the document reads.
In other words, once the new forex rate (VEB 6.30 per US dollar) enters into force next Wednesday, importers and shipping lines shall pay 46.5% more for Bolipuertos' services.
Translated by Jhean Cabrera
María Fernanda Astudillo is a store analyst for Alimentos Polar working at the company's facilities in La Yaguara. At only 23 years of age, she has made a career in that company where she has worked for the last six years. Now, besides her responsibilities, which include overseeing shipping/receiving and warehousing of goods, she is taking part in the roundtable discussions among the other companies operating in the La Yaguara industrial park, the Government and the workers exploring possible ways of coping with the order to expropriate the land.