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Modifications to the Minimum Acceptable Bids during Auctions

PANAMA FLASH! – Panama City – December 26th, 2023

Effective with the auctions to be held for all vessel categories (Neopanamax, supers, and regular vessels), beginning January 1, 2024, the minimum acceptable bid increment will be $1,000.00. In addition, all bid increments shall be in multiples of $1,000.00.

This measure is being implemented to expedite the auction slot award process.

For additional information, please reach out to our operators at operations@nortonlilly.com.pa

ADV57-2023-Modifications-to-the-Minimum-Acceptable-Bids-during-AuctionsDownload

Norton Lilly International (Panama) S.A.

Bldg. 3825  – Office 204

Howard – Panama-Pacifico

Panama, Rep. of Panama

Tel: (507) 304-4600 Main email: operations@nortonlilly.com.pa  (24 hours)

Recents

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Ship Agent in Panama Canal Transit coordination
Panama Canal informs Modifications to the Auction Rules

The Panama Canal Authority informs that effective January 20, 2024, vessels from all categories (Neopanamax, Supers and regulars) 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 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.

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Norton Lilly Panama, a subsidiary of Norton Lilly International, has been proudly serving the international shipping community at the Panama Canal and surrounding ports as Ship Agent for over 95 years since opening our first office on the Isthmus in 1925.                  

PANAMA OFFICE (PACIFIC)

Howard, Int. Business Park, Building No. 3825, 2nd Floor, Office No. 204.
Panama, Republic of Panama.
Tel: (+507) 304-4600
E-mail: operations@nortonlilly.com.pa

CRISTOBAL OFFICE (ATLANTIC)

Manzanillo International Terminal (MIT) Ave. Molten, Building A, 2nd Floor, Office  B 1-5.
Colon City, Republic of Panama.
Tel.:(+507) 431-4500
E-mail: operations@nortonlilly.com.pa

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