ADVISORIES ARE AVAILABLE AT http://www.pancanal.com FOR ETAS OR DIRECT COMMUNICATION WITH OUR OFFICES, REFER TO NOTICE N-3-2020 AUTORIDAD DEL CANAL DE PANAMÁ VICE PRESIDENCY FOR TRANSIT BUSINESS 3654-A (NTXI) V. 8-1-2019 ADVISORY TO SHIPPING No. A-10-2020 March 20, 2020 TO : All Shipping Agents, Owners, and Operators SUBJECT: Modifications and Additional Clarifications Related to the Establishment of Guarantees for Transit Reservation and Transit Itinerary Creation Fees The Panama Canal Authority (ACP) announces modifications and clarifications to Advisories to Shipping A-02-2020, A-03-2020, and A-06-2020 regarding guarantees and other relevant issues. These modifications will be implemented on the following dates: Effective April 16, 2020 Modification to the Time Allowance for Placement of Guarantees for Booking and the Transit Itinerary Creation Fees: 1. The ACP will allow 96 hours for the placement of the guarantee required for the Transit Itinerary Creation Fee, provided that the visit is created with more than 96 hours from the vessel’s ETA. If the visit with transit itinerary is created with less than 96 hours, as required by regulations, the vessel will only have 24 hours for the placement of the guarantee. 2. For booking slots that are awarded up to 7 days prior to the booked date, the guarantee shall be received no later than 96 hours after confirmation of the slot by the ACP. Booking requests awarded during the 2 nd Booking Period but with less than 7 days from the vessel ́s ETA, require that the guarantee be received by the ACP no later than 48 hours after the booking request has been accepted. 3. Changes in booking dates for vessels that were booked prior to February 15, 2020, require the establishment of a guarantee for the new date. This guarantee shall be received by the ACP within the required 96 hours. Changes in booking dates received during the 2 nd Booking period with less than 7 days from the vessel ́s ETA, require that the guarantee be received by the ACP no later than 48 hours after the booking request has been accepted, as mentioned in the previous paragraph. 4. Substitution of a booked vessel with a non-booked vessel requires the placement of a Transit Itinerary Creation Fee guarantee and a booking guarantee for the substituting vessel no later than 96 hours after the booking request has been accepted. Substitutions during the 2 nd Booking Period with less than 7 days from the vessel ́s ETA, will require the placement of the guarantee for the substituting vessel in order for the substitution to be processed by the ACP. Once the booking slot is reassigned to the substituting vessel, the Transit Itinerary Creation Fee for the substituted vessel will be reimbursed within approximately 10 days. Likewise, the booking guarantee will also be reimbursed within approximately 10 days after deducting any penalties that may apply. NT, March 20, 2020 Subject: Modifications and Additional Clarifications Related to the Establishment of Guarantees for Transit Reservation and Transit Itinerary Creation Fees Handling of Transit Itineraries that do not comply with the 96 hours requirement for the establishment of the Guarantee: Vessels with local and transit itineraries in the same visit that fail to place the guarantee for the transit itinerary within the required time, will be handled in the following manner: 1. If the vessel has not arrived at Panama Canal waters, the entire visit will be cancelled. 2. If the vessel has arrived