ADVISORIES ARE AVAILABLE AT http://www.pancanal.com FOR ETAS OR DIRECT COMMUNICATION WITH OUR OFFICES, REFER TO NOTICE N-3-2023 Panama Canal Authority Vice Presidency for Operations Advisory T o S hipping No. A-31-2024 August 28, 2024 TO: All Shipping Agents, Owners, and Operators SUBJECT: Modifications to the Transit Reservation (Booking) System Tariffs The Panama Canal Authority (ACP) announces modifications to the Transit Reservation (Booking) System tariffs as part of the Maritime Complementary Services Tariffs. These adjustments arise from the recently introduced Long-Term Slot Allocation (LoTSA), a new scheme designed to enhance our business model and service quality by providing certainty, predictability, and reliability to our customers. The main objectives are to introduce the new Long-Term Slot Allocation (LoTSA) sales scheme, to improve the level of service, to reflect the value of the reservations service, to improve the supply and demand management and to optimize transit operations. These modifications include adjustments in fee amounts, changes in tariff structure and introduction of new tariffs, summarized in the following tables: Table 1 – Effective on September 1st, 2024. These tariffs are related to the Long-Term Slot Allocation (LoTSA). Tariff 1050New T ariffs Booking of slot acquired through the Long term slot allocation method1050.IBA3 - Best offer Cancellation of slot acquired through the Long term slot allocation method1050.IBC8 - 100% of the awarded slot Table 2 – Effective on January 1st, 2025: Additional tariff adjustments. Tariff 1050Modifications to Existing T ariffsNew tariffs Transit Reservation Fee Modified: 1050.IBP1 - 1050.IBP2 and 1050.IBN1 Reservation fee based on vessel dimensio ns Cancellation Charge Eliminated: 1050.IBC6 - 1050.IBC7 Cancellation surcharge LNG* 1050.IBC9 Surcharge late cancellation fee Cancellation for awarded Auction slot**Eliminated: 1050.IBA2 Cancellation charge for awarded auction slot 4 days or less SwappingEliminated: 1050.IBS1 - 1050.IBS3 Swapping 1050.IBS4 - 1050.IBS5 Swapping Substitution of a booked vessel with a nonbooked vessel Modified: 1050.IBU1 Substitution of booked vessel with a non-booked vessel. Applies to the higher of the two reservation tariffs of the vessels involved in the substitution, based on the current reservation tariffs. Last Minute Transit Reservation 1050.IBE1 - 1050.IBE3 Last Minute Transit Reservation based on vessel dimensions Vessel Scheduling fee 1050.IPB1 - 1050.IPB5 Vessel Scheduling fee based on vessel dimensions *The 0.5 transit reduction in the transit portion of the Customer Ranking will be discontinued. **1050. IBC5 Booking cancellation 4 days or less would apply for this case. 3654-A (OP-I) V. 29/03/2023 3654-A (OP-I) V. 29/03/2023 OP, August 28, 2024 Subject: Modification to the Transit Reservation (Booking) System Tariffs Modifications aimed at enhancing customer experience and optimizing Canal operations include: 1. Discouraging Late Cancellations and No Shows (Forfeits): To reduce late cancellations and the retention of slots that are not going to be used (no shows), a surcharge equivalent to 250% of the reservation fee will be applied if the vessel does not arrive within the next 7 days of the booked date. We recognize that unforeseen situations may require cancellations. Consequently, tariffs 1050.IBC6 – 1050.IBC7 (Cancellation surcharge for Neopanamax LNG vessels) are being eliminated, since the new 250% surcharge will be applied.