Incentives Will Be Given For A New Ship To Be Built To Replace The Scrapped Ship

incentive support from the ministry to the builder of the ship it scrapped
incentive support from the ministry to the builder of the ship it scrapped

Ministry of Transport and Infrastructure; Koster announced that they will start to provide financial support to renew the ships that have completed their economic life with new built ships that are environmentally friendly, with low operating and maintenance costs, and highly competitive.

While the Ministry of Transport and Infrastructure increases the weight of sea routes in freight and passenger transportation, it continues to increase the safety of our seas in order to have a say in every inch of the Blue Homeland. The Ministry stated that it will provide "Scrap incentive support" to the vessels in the Koster Fleet that have completed their economic life. Ships registered in the National Ship Registry or International Ship Registry, ships between 1000 GT and 5000 GT, ships over 20 years old used in commercial cargo transportation will be able to benefit from the scrap incentive support. While the domestic contribution rate in the production of the new ship is at least 50 percent; The new ship will be operated under the Turkish flag for 5 years from the date of registration in the National Ship Registry or the Turkish International Ship Registry.

Which ships will be able to benefit from the scrapping incentive support?

Ministry of Transport and Infrastructure; scrapped Turkish Bayraklı He announced that building new ships will be encouraged to replace the ships, and they will start to provide financial support for renewal with highly competitive newly built ships with low operating and maintenance costs.

In order to renew the maritime trade fleet of our country, to support the creation of a harmless, effective, safe and sustainable transportation in the cabatoj and international waters to the marine environment; The Ministry declares that it will support new ships to be built instead of those scrapped from ships used in commercial cargo transportation, ships registered in the National Ship Registry or International Ship Registry, ships between 1000 GT and 5000 GT, liquid bulk cargo in the list of ship types, solid cargo, solid He stated that ships aged 20 and over used in commercial cargo transportation in the class of bulk cargo, container, general cargo and special purpose ships can benefit.

Domestic contribution rate in the production of new ships will be at least 50 percent

Stating that the ships will be completed within 3 years from the date they receive the Incentive Compliance Certificate, the Ministry stated that the domestic contribution rate in the production of the new ships will be at least 50 percent. In addition, it was stated that the new ships will be operated under the Turkish flag for 5 years from the date of registration in the National Ship Registry or the Turkish International Ship Registry.

The ministry shared the conditions on how to build new ships;

  • The new ship to be built will be one of the ship types used for commercial cargo transportation in the class of liquid bulk cargo, solid bulk cargo, container, general cargo or special purpose vessels and will be 1.000 GT or more.
  • The Incentive Compliance Certificate will be completed within 3 years at the latest from the date of issuance and registered by the beneficiary in the National Ship Registry or the Turkish International Ship Registry.
  • For at least five years following the registration of the newly built ship in the National Ship Registry or in the Turkish International Ship Registry; they will need to have class certificates issued by an organization authorized in accordance with the Regulation on Authorized Bodies for Ships issued.
  • The domestic contribution rate for the construction and construction of the new ship in Turkey will need to be at least 50 percent, including labor.
  • Within the scope of the incentive, the newly built ship will be operated under the Turkish Flag for at least 5 years from the date of registration in the National Ship Registry or the Turkish International Ship Registry, and within this period, an annotation that cannot be sold, transferred or rented for operation under another flag will be included.
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