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Amendments to Customs Ordinance.

In the Official Gazette dated September 29, 2011, the “Resolucion Exenta” 5055 dated September 12th, 2011, has been published. This resolution modifies the Customs Ordinance. Today this regulation allows that the import of some oil derivatives be completed by preparing the Import Declaration on the basis of an invoice with a provisional price. This since the final price of these products depends on confirmations, which will become known only after the import has been completed. The resolution in analysis will allow this procedure for the following products: natural gas, butane gas, propane gas, liquid natural gas, bunker (IFO 180), bunker (IFO 380), crude oil, diesel oil, gas for vehicles of 93, 95 and 97 octanes, gasoline for aviation, kerosene, aviation kerosene, Jet Fuel and Chilean gasoline A1. With regard to all these products, it will be possible to prepare the Import Declaration on the basis of invoices with provisional prices.

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