Turkish Straits transit fees set to rise
Under Montreux Convention, health inspection, lighthouse, and salvage services to be paid by ships transiting through Istanbul, Canakkale Straits rising 15% to $5.38 per ton on July 1
(Photo by Anadolu Agency - Burak Akay)
ANKARA
Under the Montreux Convention for the Turkish Straits, transit fees for the Istanbul Straits and Canakkale Straits on July 1 are set to rise 15% to $5.38 per ton.
Türkiye increases the tonnage cost of transit through the Straits every July 1 in line with the 1936 international agreement signed in Switzerland.
The agreement ensures unhindered passage for civilian ships through the Turkish Straits, while considering Türkiye’s passage regime and its security.
The convention has been implemented with impartiality for nearly 90 years, providing a source of income for Türkiye, while staying reasonable and fair for countries along the Black Sea coast and other third-party countries.
The Montreux Convention says three types of fees are collected from vessels transiting the straits without stopping: health inspection, lighthouse, and salvage services. The latter refers to the rescue of passengers and crew in ships in distress.
The value of the discontinued gold franc standard for calculating the fees was set at $0.8063 in 1983 and in October 2022 was updated to $4.08.
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