Modification to auction rules

02 Feb 2024 / Panama Canal, Panama

Vessels from all categories that obtain a slot for a particular date through the auction process, and subsequently obtain a slot for an earlier date – also through the auction process – will [now] not be assessed a fee for the change to the new date, provided that the vessel was rejected for that date in previous periods due to unavailability of slots.

The booking fee to be applied to the vessel will be based on the highest of the two winning bids. Otherwise, the vessel shall pay the corresponding cancellation fee based on the winning bid amount of the first auction awarded.

(For information about operations in the Panama Canal, contact GAC Panama at [email protected])

Source: Panama Canal Authority Advisory To Shipping No. A-03-2024

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