NEWS

London, January 2010 - Yacht Fuel Services publish its new Terms and Conditions

• Yacht Fuel Services have recently updated their Terms and Conditions, please click here for more information.

30th April 2009 - industry regulation updates

Malta - April 2009

• Maltese customs revised and implemented with immediate effect, the way in which they enforce the EU duty free and duty paid fuel regulations for the marine market
• Commercially registered yachts must be ‘on charter’ at the time of delivery in order to qualify for duty free fuel. Future or past charter agreements will currently be declined duty free fuel clearance. Commercial registrations alone will no longer be accepted
• Privately registered yachts with a non EU flag, exporting the fuel immediately out of the EU will qualify for duty free +VAT
• Privately registered yachts with non EU flag, if remaining in the EU will incur the full duty +VAT fuel price
• Privately registered yachts with an EU member state flag will pay full duty & VAT at all times - without regard to the next port
• This new implementation of the EU directive on duty free and duty paid fuel has been challenged by a number of companies in the Maltese Super Yacht industry and Yacht Fuel Services will advise if there are any developments

Monaco - January 2009

• The Harbour Master now requires a minimum of 48 hours notice before delivery. We request potential requirements are advised as early as possible in order for the supplier to have time to clear with relevant authorities in a timely fashion
• Late notice requirements will be treated on a best endeavours basis

Montenegro - July 2008

• Auto Gas Oil (EN 590) sulphur 50 PPM (0.005% max) available from July 2008.
• January 2009 the sulphur maximum sulphur guarantee was reduced to 10 PPM (0.001% max) in line with EU requirements on the EN 590 fuel.
• Flash Point guarantee for EN 590 is 55 DegC with tested specification report available at supply showing actual level which typically has remained over 60 DegC
• Marine Gas Oil is also available with sulphur 2000 PPM (0.20% max) - non EU spec fuel.
• Duty free (AGO & MGO) fuel is available for private and commercial registrations with a foreign flag if product is being exported out of Montenegro on completion of supply.
• Delivery times are quite restrictive so we advise providing no less than three working days notice however in high season due to demand this should be a week if possible.