News & Media

13 August, 2021

China Preferential Tariff for Tonnage Dues - Panama Flag Vessels

The People's Republic of China’s General Administration of Customs today made an announcement regarding Chinese tonnage dues for Panama-flagged vessels.

Panama-flagged vessels enjoy preferential tariffs for Chinese tonnage dues from the 17 May 2021 to 19 July 2026. From the 15th of August 2021, Panama-flagged vessels can start to pay preferential tariffs for Chinese tonnage dues. Any Panama-flagged vessels that paid normal Chinese tonnage dues between the 17 May 2021 and 14 August 2021, are eligible to be refunded the overcharged tonnage dues. Concerned parties need apply with Customs to refund overcharged tonnage dues within 6 months from the 15 Aug 2021.
To view the China General Administration of Customs announcement please click here: