THE COSTS
The Panama Canal Authority & the Port Operators require that all payments for the Panama Canal Transit and/or port expenses are made in full prior to the commencement of any transaction taking place.
Financial Arrangements for Toll & Other Expenses
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It is imperative that sufficient funds be transferred and in the Agency's possession prior to the arrival of a vessel.
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Vessel arriving without sufficient financial coverage will be held at the anchorage until the financial requirements have been met.
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Although pilotage for Canal transit is covered within the tolls, the ACP charges in certain instances such as pilotage outside the Atlantic breakwater, pilotage to anchorage in a designated area or movements within the harbours.
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Pilotage for berthing is compulsory.
The complete canal tariff is available at pancanal.com/eng/op/tariff
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The financial deposit required is to cover all normal transit and port expenses, agency fees, general and related out of pocket expenses.
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Should cash advances, repairs, stores, etc. be required then additional funds must also be remitted in a timely manner to cover these requirements.
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Disbursement accounts covering a vessel's activities will be compiled and forwarded approximately six weeks after departure.
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For a detailed proforma of Panama Canal Transit expenses kindly contact us at asa@shipsagent.com.