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Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
16200 Central Green Blvd
GAC Regional Office, Asia Pacific 78 Shenton Way, #29-01
Group Vice President, Asia Pacific & Indian Subcontinent
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Leverage on our experience and expertise with integrated shipping, logistics and marine services tailored to meet your needs.
Safe, reliable and swift delivery of quality marine fuels at competitive prices
Round-the-clock ship supply services
Specialised solutions to improve supply chain efficiency
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28 Sep 2017 / Panama Canal, Panama
Booking cancellation fees [for the Panama Canal] were last modified in February 2008, in order to meet the needs of the booking system at that time. With the opening of the expanded Canal and the incorporation of Neopanamax vessels into the Transit Reservation system, revisions are once again necessary.
Effective October 15, 2017, the booking cancellation fees will be as follows:
Notice Period (in advance of required arrival time: Over 365 days
Cancellation Fee (the greater of): 10% of booking fee or $500
Notice Period (in advance of required arrival time: 365 days to over 180 days
Cancellation Fee (the greater of): 20% of booking fee or $600
Notice Period (in advance of required arrival time: Over 90 days to 180 days
Cancellation Fee (the greater of): 50% of booking fee or $900
Notice Period (in advance of required arrival time: Over 21 days to 90 days
Cancellation Fee (the greater of): 60% of booking fee or $1,100
Notice Period (in advance of required arrival time: Over 7 days to 21 days
Cancellation Fee (the greater of): 70% of booking fee or $1,300
Notice Period (in advance of required arrival time: 4-7 days
Cancellation Fee (the greater of): 80% of booking fee
Notice Period (in advance of required arrival time: Less than 4 days
Cancellation Fee (the greater of): 100% of booking fee
We believe that these changes will encourage clients who intend to cancel booking slots to release them earlier, thus increasing slot availability and allowing sufficient time to offer them to other interested vessels.
(For information about operations in Panama contact GAC-Wilford & McKay at [email protected])
Source: Panama Canal Authority Advisory to Shipping No.A-35-2017 dated 27 September 2017