Membership Costs
On joining a Full Member is required to purchase 300 US Dollar company Shares at par value. Associate Members are not required to pay this fee until becoming a Full Member.
Full Members annual dues vary depending on assessed capacity. The dues are based on a basic minimum fee plus an additional call based on the capacity of either shipping or storage or both. There are full details of the fee structure for 2008 are as follows:
- a minimum fee of £3,600, plus;
- 1.1 pence per cubic meter for the first 500,000 cubic meters or part of there assessed capacity, plus;
- 0.3 pence per cubic meter for any balance of assessed capacity over 500,00 cubic meters up to a maximum of 1,000,000 cubic meters;
With a fee ceiling of £10,000 for any one member.
There is a special rate for laid-up tonnage. Please contact the Secretariat for details.
Associate Members are only liable for the basic minimum fee until they are able to become Full Members.