27 Oct 2025 / Panama Canal, Panama

Enhanced transit terms, procedures & auction details

The Panama Canal Authority has updated the Terms and Conditions for the Long-Term Slot Allocation (LoTSA 2.0) program to include detailed examples of requests for referrals, date changes and advanced transits.

It also includes a subsection regarding the use of Form 7662 when requesting deferrals, slot advancements and later ready time, as well as an explanatory table with the effective dates applicable to LoTSA applications.

Sealed bid auctions will be available on 28 October from 08:00 to 11:00 hours Panama local time, at which point the bid submission process will close. Further, the auction will be conducted in a parallel staged format, by market segments, as follows:
- 08:00-09:00: FixContainer, FlexContainer
- 09:00-10:00: FixGas, GlexGas, FlexGas+
- 10:00-11:00: FlexSlot+

For further details, as well as information about operations in Panama, contact GAC Panama at [email protected]

If quoting any content from Hot Port News, please cite GAC Hot Port News as the source.

Make an
enquiry

enquiry icon

Find your
country

country icon