Dubai: Iran's Strait of Hormuz body said on Friday it would waive planned fees to use the strait during a 60-day negotiation period under the memorandum of understanding signed with the United States this week.Ships seeking passage through the strait while the interim agreement is in force must submit transit requests at least 48 hours before arrival, Iran's Persian Gulf Strait Authority (PGSA) said in a notice.Also read: At the gates of Hormuz, 80 million barrels of oil are on standbyIran would waive fees for security, safety, environmental services and related insurance during the period, while requiring vessels to coordinate routes and transit times in advance due to areas affected by mines and to ensure safe navigation.
Iran says it will waive fees for Hormuz during 60 day negotiation period
Iran has announced a 60-day waiver on fees for ships transiting the Strait of Hormuz, following a memorandum of understanding with the United States. During this negotiation period, vessels must submit transit requests 48 hours in advance. This measure aims to ensure safe passage by coordinating routes and transit times, especially in areas potentially affected by mines. The waiver covers security, safety, environmental services, and related insurance.
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