The Panama Canal Authority announced on Friday, October 14, 2022 via a formal Advisory the introduction of new charges and the modification of some of the existing Complementary Services Tariffs, including charges related to the Transit reservation system (Booking system).
The Advisory includes new operational fees aimed at recovering disruptions to the Canal resulting from mechanical and other failures attributable to a vessel. The full scope of the new fees have yet to be explained and we are expecting the Canal to soon make an announcement on how this will work in practice, and what specific conditions will trigger the disruption charges. We are anticipating this new charge will generate some discussion between the affected stakeholders i.e. Charterer's and Owner's.
The new and modified tariffs will go into effect on January 1,2023. The complete text of the Advisory and the impacted tariff items are available below in downloadable form and are also available from the Panama Canal web-site at the following links: