Panama Flash! – Panama City – January 19th, 2024
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. 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.
This advisory to shipping was published with the purpose of clarifying that the cancellation fee will only apply if the slot was obtained through the auction process and subsequently a slot is obtained for a later-date through the auction, even if there are records of rejected application for that date. If the slot is requested for an earlier date, no cancellation fee will apply. For additional information, please reach out to our operators at operations@nortonlilly.com.pa
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)
