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Restrictions & Sanctions

Trading restrictions (Philippines)

Trading restrictions imposed against the Philippines

  • None

Trading restrictions imposed by the Philippines

Based on existing Philippine government regulations, vessels flying under Philippine flag and registered in the Philippines are exclusive carriers of all shipments by Philippine government such as coal, rice, etc. from foreign ports to Philippine ports.  However, due to shortage of Philippine tonnage, the Philippine government has allowed foreign flag vessels to carry these cargoes subject to unavailability of Philippine flag vessels at time of shipment at load ports and owners/operators of foreign flag vessels are required to obtain flag waiver apporval from government authorities concerned.

Quote of Presidential decree on "Flag Waiver":
In compliance with PD 1466, all shipments by the Philippine government shall be made on board vessels of Philippine registry or vessels which are chartered by Philippine citizens or by a corporation or entity owned or controlled by a citizen of the Philippines.  If no Philippine flag vessel is available at a resonable freight rate within ten (10) days after the cargo is ready for shipment, said shipment may be made on any vessel, provided that the prescribed waiver is secured by the supplier from the Philippine Shippers Bureau at least fifteen (15) calendar days before date of laoding by the foreign flag vessel.

  1. The application for flag waiver shall be filed complete with all the necessary data and information at least fifteen (15) calendar days before arrival at loading port of the foreign flag vessel to be chartered.
  2. The application for waiver shall be filed by importer or exporter with the office of the Philippine Shippers Bureau, Department of Trade and Industries, Manila.
  3. Upon receipt by Philippine Shippers Bureau, they will contact all Philipino shipowners if there is Philippine flag vessel available/suitable to carry said cargo and can meet required laycan.  If none, waiver shall be approved.  In case there will be available Philippine flag vessel, same will be recommened to the charterers for negotiation and acceptance.  Should negotiation fail for any reason, Philippine shipowner notifies Philippine Shippers Bureau: waiver shall be approved.
  4. Following schedule of fines and penalties for violation or failure to secure flag waiver:
    - First violation - PHP 50,000
    - Second violation - PHP 100,000
    - Third violation - PHP 200,000
    - Fouth violation - PHP 300,000
    - Fifth and succeeding violation - PHP 500,000


See also United Nations Security Council Resolutions

Restrictions & sanctions (Philippines)

Bunker prices: sourced from www.mabux.com

Current bunker prices Last Updated: 07:13 (GMT) - 7 June 2020

PORTS 380cSt 180cSt VLS FO MGO LS
Rotterdam 240 ↑ (+11) 275 ↑ (+11) 315 ↑ (+9)
Singapore 252 ↑ (+14) 305 ↑ (+10) 328 ↑ (+6)
Fujairah 217 ↑ (+2) 295 ↓ (-2) 376 ↓ (-3)
Copenhagen 233 → (+0) 273 ↑ (+8) 328 ↑ (+7)
Gothenburg 230 → (+0) 270 ↑ (+8) 325 ↑ (+7)
St. Petersburg 210 ↑ (+1) 260 ↑ (+5) 300 ↑ (+5)
Tallinn 246 ↑ (+12) 274 ↑ (+11) 359 ↑ (+14)
Gibraltar 235 ↑ (+3) 290 ↑ (+2) 347 ↑ (+2)
Pireaus 243 ↓ (-12) 306 → (+0) 316 → (+0)
Istanbul 290 ↑ (+10) 335 ↑ (+15)
Houston 211 → (+0) 282 ↑ (+4) 321 ↑ (+2)
Panama Canal 262 → (+0) 295 → (+0) 353 ↑ (+3)
Santos 286 ↑ (+12) 286 ↑ (+12) 418 ↓ (-4)
Buenos Aires 310 → (+0) 485 → (+0)
Hamburg 240 ↑ (+20) 280 ↑ (+20) 330 ↑ (+15)
Riga 241 ↑ (+11) 272 ↑ (+11) 360 ↑ (+15)
Suape(XB)
Antwerpen 242 ↑ (+11) 277 ↑ (+11) 317 ↑ (+9)
New York 229 ↓ (-2) 298 → (+0) 329 ↓ (-3)
Philadelphia 232 ↓ (-2) 303 → (+0) 334 ↓ (-3)
Hong Kong 263 ↑ (+3) 311 ↑ (+9) 322 ↑ (+2)
Genoa 228 ↑ (+12) 285 ↑ (+9) 354 ↑ (+7)
Augusta 238 ↑ (+42) 315 ↑ (+24) 370 ↑ (+20)
Rio de Janeiro 291 ↓ (-8) 291 ↓ (-8) 388 ↓ (-4)
Bremerhaven 245 ↑ (+20) 290 ↑ (+20) 355 ↑ (+15)
Paranagua 316 ↑ (+12) 316 ↑ (+12) 451 ↓ (-4)
Rio Grande 316 ↑ (+12) 316 ↑ (+12) 452 ↓ (-4)
Recife
Salvador 324 ↑ (+12) 324 ↑ (+12) 433 ↓ (-4)
Fortaleza 302 ↑ (+12) 302 ↑ (+12) 441 ↓ (-4)
Fremantle 475 ↑ (+15) 495 ↑ (+15)
Belem 345 ↑ (+12) 345 ↑ (+12) 465 ↓ (-4)
Tubarao 311 ↑ (+12) 311 ↑ (+12) 441 ↓ (-4)
Curacao 539 → (+0) 590 ↓ (-4)
New Orleans 237 ↑ (+5) 290 ↑ (+3) 318 ↑ (+4)
Manaus 325 ↑ (+12) 325 ↑ (+12) 429 ↓ (-4)
Niteroi 291 ↓ (-8) 291 ↓ (-8) 388 ↓ (-4)
Praia Mole 311 ↑ (+12) 311 ↑ (+12) 441 ↓ (-4)
Suape(XP)
Vila do Conde 345 ↑ (+11) 345 ↑ (+11) 465 ↑ (+11)
Vitoria 311 ↑ (+12) 311 ↑ (+12) 441 ↓ (-4)
Itaqui (XP) 348 ↑ (+12) 348 ↑ (+12) 459 ↓ (-4)
Miami 263 → (+0) 380 ↑ (+2)
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