LYCOS RETRIEVER 
Suez Canal: Suez Canal Authority
built 622 days ago
Egypt on Sunday approved the transit through the Suez Canal of a decommissioned French warship heading for an Indian scrapyard that had been stranded for three days over fears it was an environmental hazard. The environment ministry said documents provided by Paris proved the asbestos-insulated Clemenceau did not fall under the 1989 Basel convention banning the export of toxic waste. The agency said experts from the environment ministry and Suez Canal authority were due to inspect the ship on Monday, before it goes through the canal. The environmental group Greenpeace charges that the ship is still carrying tons of asbestos, which will endanger the health of Indian workers who will scrap it. See "Egypt grants 'toxic' ship passage," Heba Saleh, BBC News, 1/15/06.
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Due to the increase in Canal traffic, priority will be given to vessels notifying the S.C.A (Suez Canal Authority) 5 days in advance of the intended transit, provided the vessel arrives within the time limits stipulated. A fine is imposed by the S.C.A. if the vessel does not transit on the notified date, therefore it is imperative to alter or cancel any such notification at least 24 hours in advance.
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The transit rates are established by the Suez Canal Authority. They are computed to keep the canal transit fees attractive to shippers. For example, in January 2002, the fee for the transport of crude oil for very large tankers was $1.21 per ton above the first 30,000 tons. Such a rate would amount to approximately $190,000 for a 150,000-ton oil tanker.
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