Patricio Fuentes
P.H. Fuentes Ltda.
GMT 20:06
25th Mar 2008
IP: x.x.220.55
In Punta Arenas, Chile MDO/MGO prices are established in MCUB in a weekly basis according to the price scheme of the state refinery. To obtain the final prices relevant items are the type of ship (research, war or cargo ship) and his traffic (coastal o international trade) in order to add or not the VAT who is 19%, the specific tax who is 1,5 UTM/MCUB and FEPP, this last one changes every week. There are some ships who can recover VAT, the specific tax and FEPP and other not. Customs and tax regulations determine the final situation for every case.