{"id":10964,"date":"2014-08-04T15:46:19","date_gmt":"2014-08-04T20:46:19","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=10964"},"modified":"2014-08-05T11:14:19","modified_gmt":"2014-08-05T16:14:19","slug":"new-tolls-structure-at-panama-canal","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/new-tolls-structure-at-panama-canal\/","title":{"rendered":"New Tolls Structure at Panama Canal"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/08\/Panama-Canal-Container-ship-in-lock.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10965\" title=\"Panama Canal Container ship in lock\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/08\/Panama-Canal-Container-ship-in-lock.jpg\" alt=\"\" width=\"637\" height=\"425\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/08\/Panama-Canal-Container-ship-in-lock.jpg 764w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/08\/Panama-Canal-Container-ship-in-lock-300x200.jpg 300w\" sizes=\"auto, (max-width: 637px) 100vw, 637px\" \/><\/a><\/p>\n<p>The Panama Canal Authority has advised that a new tolls structure will be introduced when the expanded Canal opens.\u00a0 The proposal the Authority plans to present in the coming months  provides a structure that is competitive, attractive and customized to  reflect advantages to clients by ship type, vessel size, utilization  level (referring to actual cargo aboard during transit), laden\/ballast  transits, completely or partially full transits, among other factors.<\/p>\n<p>The Panama Canal Authority is currently reviewing the tolls proposal,  which would include the new locks. Details are not yet available, but  the Canal&#8217;s pricing policy states:<br \/>\n&#8211; Tolls will be established to reflect the value provided by the Canal to users;<br \/>\n&#8211; Tolls will be set so that their relative value is maintained over time  and will be periodically adjusted to consider inflation;<br \/>\n&#8211; Tolls will be established at appropriate levels to maintain the competitiveness of the Panama Canal route at all times.<\/p>\n<p>Once a firm position has been approved, any questions submitted should  include the above information so that the matter could be properly  addressed.<\/p>\n<p>If a change in tolls is proposed, there will be an announcement and the  formal proposal will be in writing. Post announcement there is a legally  mandated consultation process. Consultation extends for a minimum of 30  days and includes the reception of written comments and a public hearing.  In this process, customers are given a period of time to review the  proposal and present their comments. Customers&#8217; comments and suggestions  are carefully considered, and, where appropriate and possible, the  comments and suggestions can result in some form of adjustments.<\/p>\n<p>The expected date for completion of the Canal expansion project is  December 2015, with the opening of the new locks during the first  quarter of 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Panama Canal Authority has advised that a new tolls structure will be introduced when the expanded Canal<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10964","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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