Fine of up to VND 80,000,000 for act of failing to satisfy the conditions for special-use wharves intended for receiving oil tankers in Vietnam

Fine of up to VND 80,000,000 for act of failing to satisfy the conditions for special-use wharves intended for receiving oil tankers in Vietnam (Internet image)

Article 18 of Decree 99/2020/ND-CP, stipulates penalties for violations against regulations on trading conditions to be satisfied by petrol and oil exporters and importers in Vietnam as follows:

1. A fine ranging from VND 60,000,000 to VND 80,000,000 shall be imposed for any of the following violations:

- Failing to satisfy the conditions for special-use wharves intended for receiving oil tankers or petrol and oil transport vehicles as prescribed;

- Failure to satisfy the conditions for vehicles intended for domestic petrol and oil transport as prescribed;

- Failure to satisfy the conditions for petrol and oil depots as prescribed.

2. A fine ranging from VND 80,000,000 to VND 100,000,000 shall be imposed for failure to satisfy the conditions for the petrol and oil distribution system as prescribed or failure to have jet fuel filling equipment under the ownership or co-ownership for an exporter or importer of jet fuel.

In addition, for act of failure to satisfy the conditions for vehicles intended for domestic petrol and oil transport as prescribed; failure to satisfy the conditions for petrol and oil depots as prescribed; failure to satisfy the conditions for the petrol and oil distribution system as prescribed or failure to have jet fuel filling equipment under the ownership or co-ownership for an exporter or importer of jet fuel, the license for petrol and oil export/import shall be suspended for 01 - 03 months.

More details can be found in Decree 99/2020/ND-CP, issued on August 26, 2020.

Le Vy

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