Ulsan Port Incentive Scheme

Ulsan Port System울산항 인센티브 제도

Overview of 2024 Ulsan Port Incentive Scheme

Ulsan Port Authority (UPA) provides customer customized incentives to reduce logistics costs, create new demand, improve port services, and strengthen the competitiveness of Ulsan Port.

Summary of 2024 Ulsan Port Incentive Scheme

2024 Ulsan Port Incentive Scheme 2024 Ulsan Port Incentive Scheme(Summary)

2024 Ulsan Port Incentive Scheme
Category			Target	Type/Payout	Budget in 2024
Liquid Cargo	Sub Total		2		-
	New liquid cargo owner		Cargo owner	Fee reduction (Instantly)	-
	Liquid Cargo Transshipment (T/S) at Breakwater Wharf		Carrier	Fee reduction (Instantly)	-
General Cargo	Sub Total		4		KRW 200 M
	Vehicle cargo transshipment		Carrier	Cash payout(Dec. 2024)	KRW 40 M
	Intra-port Shipment for Vehicle Cargo		Carrier	Cash payout (Dec. 2024)	KRW 100 M
	Night pilotage for car carriers		Carrier	Cash payout (Dec. 2024)	KRW 30 M
	Special pilotage for car carriers		Carrier	Cash payout (Dec. 2024)	KRW 30 M
Container Cargo	Sub Total		15		KRW 900 M
	Launching New Container Routes		Carrier	Cash payout (Dec. 2025)	KRW 200 M
	Port of Call of Large Container Ships		Carrier	Cash payout (Apr. 2025)	KRW 150 M
	Ad-hoc call of Container Ships		Carrier	Cash payout (Apr. 2025)	KRW 50 M
	Transshipment volume increase		Carrier	Cash payout (Apr. 2025)	KRW 20 M
	Import/export volume increase		Carrier	Cash payout (Apr. 2025)	KRW 200 M
	Import/export volume increase		Forwarder	Cash payout (Apr. 2025)	KRW 100 M
	Import/export volume increase		Cargo owne	Cash payout (Apr. 2025)	KRW 150 M
	Import/export volume increase		Terminal Operator	Cash payout (Apr. 2025)	KRW 10 M
	Achieving Container Target Volume		Terminal Operator	Cash payout (Apr. 2025)	KRW 20 M
	Container Ship	Ocean-going	Carrier	Fee reduction (Instantly)	-
	Container Ship	Coastal	Carrier	Fee reduction (Instantly)	-
	Container cargo	Empty container	Cargo owner	Fee reduction (Instantly)	-
		Ocean-going container transshipment	Cargo owner	Fee reduction (Instantly)
		Coastal ship transport import/export container	Cargo owne	Fee reduction (Instantly)
	Excellent Ship and Cargo owner (Class 1 & 2)		Carrier/Cargo owner	Fee reduction (Instantly)	-
Northern Logistics	Sub Total		1		-
Northern Logistics	Vessels using the NSR		Carrier	Fee reduction (Instantly)	-
Green Port	Sub Total		7		KRW 550 M
	Vessel Speed Reduction (VSR) Program		Carrier	Fee reduction (Refund/First half of 2025)	KRW 500 M
	Revitalizing Vessel Speed Reduction (VSR) Program		Shipping Agent	Cash payout (Quarterly)	KRW 50 M
	Revitalizing Eco-friendly Bunkering		Carrier	Fee reduction (Instantly)	-
	LNG-fueled Coastal vessel		Carrier	Fee reduction (Instantly)	-
	Eco-friendly Fuel />Supply Demonstration		Carrier	Fee reduction (Instantl)	-
	Eco-friendly Fuel />Supply Demonstration		Other users	Fee reduction (Refund)	-
	Alternative maritime power (AMP)		Carrier	Fee reduction (Instantly)	-
Others	Sub Total		1		-
Others	Employing Certified Ship Managers		Carrier	Fee reduction (Instantly)	-

Common principle

Incentive payout standards, amount, payout schedule, etc. may change at any time and it will be announced through direct notice or through the website of Ulsan Port Authority (UPA).
For any disagreement with the interpretation of incentive standards and terminology, UPA's interpretation take precedence.
The incentive payment is based on the principle of round down to the nearest won.
Incentives will not be paid if the conditions for incentives are met but the application for incentive payment has not been made to the UPA.
In principle, incentives are paid in cash.
- In accordance with the Guidelines for Ulsan Port incentives, incentives may not be paid, withheld or refunded in the following cases.

Payment excluded/withheld
Payment excluded/withheld	Those who do not submit the proper incentive application form Those who has been in arrears of port dues for more than 3 months or who falls under Article 23 of Ulsan Port UPA Regulations on Port Facility Use and Fees or Article 10 of Unpaid Debt Management Guidelines Those who are requested for exclusion or withholding of payment by other authorities Those who are expected to be unable to use Ulsan Port in the future due to bankruptcy, etc Those who do not meet the conditions stipulated in the incentive policy
Refund	In case the incentive application form and supporting documents submitted by the incentive beneficiary are found to be false

Inquiries for Ulsan Port Incentive Scheme

Inquiries for Ulsan Port Incentive Scheme
Department / Responsibility			Name	TEL	E-MAILL
Logistics Sales Dept.	Marketing Dept.	Liquid cargo	Seung Eon, JEONG	+82 52 228 5412	se.jeong@upa.or.k
		General cargo, Northern logistics	Ji Wu, SEO	+82 52 228 5447	jiuseo@upa.or.kr
		Container	So Yeon, LEE	+82 52 228 5423	sylee@upa.or.kr
	Port-MIS	Overall	Jae Man, KIM	+82 52 228 5404	georgia@upa.or.kr
		Cargo dues	Kyeong Eun, OH	+82 52 228 5401	dhruddms7@upa.or.kr
		Port dues(Ocean-going)	Keyong Li, BAE	+82 52 228 5402	bree@upa.or.kr
		Port dues(Coastal)	Hye Won, SHIM	+82 52 228 5403	hyeni@upa.or.kr
Safety and Environment Dep		VSR	Jeong Un, HA	+82 52 228 5457	hjw018@upa.or.kr
Logistics Strategy Dep		Eco-friendly fuel bunkering	Jae Kwan, LEE	+82 52 228 5421	jklee@upa.or.kr
		Eco-friendly Fuel Supply Demonstration	Jae Kwan, LEE	+82 52 228 5421	jklee@upa.or.kr
		Excellent Ship and Cargo owner	Jeong Min, AN	+82 52 228 5414	anjm9431@upa.or.kr
Construction Dept.		AMP	Sung Whan, WON	+82 52 228 5463	wswh011@upa.or.kr