On August 20, 2019, Brazil's National Agency for Waterway Transportation (" ANTAQ") published Resolution No. 7,117 on the operation of Floating Storage and Regasification Unit ("FSRU") vessels used for regasification.
According to the resolution, an FSRU that is used as a support facility and not performing any transportation activity: (i) is not classified as performing maritime or port support navigation; (ii) is not considered part of a Brazilian Shipping Company ("EBN") fleet; and, therefore, (iii) is exempted from the requirements of having a charter authorization by an EBN and being subject to a circularization process.
The resolution consolidates ANTAQ's positions in recent regasification projects in Brazil and brings clarity and legal certainly for future projects.
Our team is available for further information on this matter.
Visit us at Tauil & Chequer
Founded in 2001, Tauil & Chequer Advogados is a full service law firm with approximately 90 lawyers and offices in Rio de Janeiro, São Paulo and Vitória. T&C represents local and international businesses on their domestic and cross-border activities and offers clients the full range of legal services including: corporate and M&A; debt and equity capital markets; banking and finance; employment and...