Business news from Ukraine

RADA RATIFIES AGREEMENT ON MARINE COMMERCIAL SHIPPING WITH CYPRUS

5 November , 2015  

KYIV. Nov 5 (Interfax-Ukraine) – The Verkhovna Rada, Ukraine’s parliament, has ratified an agreement on marine commercial shipping signed by the Ukrainian and Cypriot governments.

Some 247 lawmakers supported the law on the ratification of the agreement (No. 0063).

The agreement aims at developing relations between Ukraine and Cyprus in marine commercial shipping area.

According to the agreement, the vessels of the contracting parties in ports and territorial waters will be treated in the same way as their own vessels in terms of the collection of port fees and taxes, access to ports, the use of services of ports, the loading and unloading of cargo, and embarking or disembarking.

The agreement was signed on November 8, 2012 in Nicosia (Cyprus).