SolvedDT20208 | Double Taxation Relief Manual: Venezuela: shipping and air transport
From HM Revenue & Customs · Double Taxation Relief Manual
The profits derived by a United Kingdom resident from the operation of ships or aircraft in international traffic are usually taxable only in the United Kingdom. There is an exception however for profits derived by a United Kingdom resident from the operation of ships used to transport hydrocarbons to or from ports in Venezuela, such profits may be taxed in Venezuela (Article 8(4)).