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LoTSA Neopanamax

Long-Term Slot Allocation (LoTSA) Neopanamax

LoTSA Navigating the Future

The Long-Term Slot Allocation (LoTSA) Neopanamax program enables customers transiting the Neopanamax Locks to secure Panama Canal transit slots for a defined period. This method allows customers to reserve transit slot packages through a sealed bid process available in the Panama Canal Transit Auction System. LoTSA continues to strengthen the program’s value proposition by providing fixed slot offerings that support greater certainty, operational reliability, and planning confidence in a dynamic market.

Benefits:

  • Greater certainty for modern maritime operations management: LoTSA enables customers to adjust their transit dates efficiently and in line with operational market conditions.
  • Smart cancellations: Cancellations made at least 15 days in advance will incur a charge of 80% of the awarded bid price.
  • Reservation Window for Improved Transit Planning: LoTSA provides customers with an advanced access window, allowing them to submit transit requests in advance and support more efficient, reliable, and well-coordinated transit planning.
VideoSealed bid Auction Tutorial