{"id":45504,"date":"2024-08-01T15:03:49","date_gmt":"2024-08-01T20:03:49","guid":{"rendered":"https:\/\/pancanal.com\/?p=45504"},"modified":"2024-08-01T15:07:59","modified_gmt":"2024-08-01T20:07:59","slug":"new-long-term-slot-allocation-method","status":"publish","type":"post","link":"https:\/\/pancanal.com\/en\/new-long-term-slot-allocation-method\/","title":{"rendered":"Panama Canal Announces New Long-Term Slot Allocation Method for Neopanamax Vessels"},"content":{"rendered":"

The Panama Canal announced today, through an Advisory to Shipping<\/a>, the introduction of a Long-Term Slot Allocation (LoTSA) Method for Neopanamax vessels, as part of the Transit Booking System, to increase transit certainty and flexibility for our clients.<\/p>\n

Currently, the slot offering in the Transit Booking System is done daily with an anticipation period before the required transit date.<\/p>\n

Through this method, several transit booking slot packages corresponding to January of the following year will be offered to different market segments; meaning a single client will be able to obtain multiple bookings in one transaction.<\/p>\n

Each package will include a specific number of slots with weekly or monthly frequency per year, for both northbound and southbound transits.<\/p>\n

These packages, and their characteristics, will be announced through the Booking Slot Projected Availability published on the website pancanal.com<\/a> and will be awarded to the highest bidder through an auction.<\/p>\n

The auction amount of the sealed bid will refer to the maximum amount the customer is willing to pay for each slot included in the package with a starting base of $200,000.00 USD (two hundred thousand dollars).<\/p>\n

These are divided into:<\/p>\n