Pricing unit and number rounding for service charges at Vietnamese seaports

Pricing unit and number rounding for service charges at Vietnamese seaports
Nguyễn Thị Diễm My

On May 15, 2024, the Minister of Transport in Vietnam issued Circular 12/2024/TT-BGTVT on mechanisms and policies for management of service charges at Vietnamese seaports.

Pricing unit and number rounding for service charges at Vietnamese seaports

- Unit of volume: Gross tonnage (GT) is one of the basic units for pricing of seaport services in Vietnam. If the GT of a vessel is not specified, the conversion method that results in the largest GT shall apply. To be specific:

+ Ocean-going ships and self-propelled inland waterway vehicles: 1,5 deadweight tonnes shall be equivalent to 01 GT;

= Barges: 01 deadweight tonne shall be equivalent to 01 GT;

+ Tugboats, passenger vessels (including seaplanes) and crane vessels: 01 horse power (HP, CV) shall be equivalent to 0,5 GT; 01 kW shall be equivalent to 0,7 GT; 01 tonne in a crane vessel’s hoisting capacity shall be equivalent to 06 GT;

+ Passenger vessels whose engine power is not specified: 01 passenger seat shall be equivalent to 0,67 GT; 01 berth shall be equivalent to 04 GT;

+ The gross tonnage of all barges, towboats or tugboats in a fleet of tugboats, towboats or pusher boats shall total up that of the fleet.

- Unit of engine power: The unit of a vessel’s main engine power shall be HP, CV or KW and rounded up to the nearest integer.

- Unit of time:

+ Day: 01 day equals 24 hours; a period of 12 hours or less shall be considered 0,5 day, while a period of more than 12 hours shall be considered 01 day;

+ Hour: 01 hour equals 60 minutes; a period of 30 minutes or less shall be considered 0,5 hour, while a period of more than 30 minutes shall be considered 01 hour.

- The unit of weight of goods (with packing) is tonne or cubic meter (m3) and shall be rounded to the nearest integer (rounded down if the digit in the tenths place is less than 5; rounded up if the digit in the tenths place is 5 or greater). In a single bill of lading, the minimum chargeable weight shall be 01 tonne or 01 m3. If each tonne of goods occupies 02 m3 or more, every 02 m3 occupied shall be converted to 01 tonne.

- The unit of distance is nautical mile (NM) and rounded up to the nearest integer.

- The pricing unit for a wharf, dock or mooring buoy is meter (m) of wharf, dock or mooring buoy, and rounded up to the nearest integer.

Circular 12/2024/TT-BGTVT is effective from July 1, 2024, and replaces Circular 39/2023/TT-BGTVT.

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