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30 Apr 2020 / Panama Canal, Panama
Due to concerns regarding the adverse effect that the COVID-19 pandemic is having on world trade, and the shipping industry in particular, the Panama Canal Authority (ACP) announces temporary modifications to requirements for the placement of booking guarantees and advance payment of reservation fees when a reservation is confirmed.
Beginning at 0900 hours Monday, May 4, 2020, until 0859 hours Tuesday, September 1, 2020, the following modifications will be in effect:
Booking slots that have already been allocated and the guarantee has been placed will not be refunded.
The guarantee requirements for the Transit Itinerary Creation Fee will remain unchanged. This guarantee must be approved by the guarantor bank in ACP’s automated system in order for the booking slot to be confirmed and for any request for substitution or swap to be accepted.
(For information about operations in the Panama Canal, contact GAC Panama at [email protected])
Source: Panama Canal Authority Advisory To Shipping No.A-17-2020 dated 29 April 2020
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