{"id":28070,"date":"2020-02-17T10:37:38","date_gmt":"2020-02-17T15:37:38","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=28070"},"modified":"2020-02-17T10:37:38","modified_gmt":"2020-02-17T15:37:38","slug":"panama-modifies-incentives-homeporting-cruise-ships","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-modifies-incentives-homeporting-cruise-ships\/","title":{"rendered":"Panama modifies incentives for homeporting cruise ships"},"content":{"rendered":"<p><a href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/02\/cruise-terminal.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-28071\" src=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/02\/cruise-terminal.jpg\" alt=\"\" width=\"705\" height=\"433\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/02\/cruise-terminal.jpg 768w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/02\/cruise-terminal-300x184.jpg 300w\" sizes=\"auto, (max-width: 705px) 100vw, 705px\" \/><\/a><\/p>\n<div>\n<div class=\"field field-name-field-penton-content-summary field-type-text-long field-label-hidden\">Panama made modifications to the reimbursement plan for Panama Canal transits by cruise lines that establish homeport operations in the country,<\/div>\n<\/div>\n<p>These incentives were <a href=\"https:\/\/www.seatrade-cruise.com\/news-headlines\/panama-pay-one-canal-transit-homeporting-incentive\" target=\"_blank\" rel=\"noopener noreferrer\">announced by the Panama Tourism Authority in June 2019<\/a>.<\/p>\n<div>\n<div class=\"field field-name-field-penton-content-summary field-type-text-long field-label-hidden\">Panama made modifications to the reimbursement plan for Panama Canal transits by cruise lines that establish homeport operations in the country,<\/div>\n<\/div>\n<p>These incentives were <a href=\"https:\/\/www.seatrade-cruise.com\/news-headlines\/panama-pay-one-canal-transit-homeporting-incentive\" target=\"_blank\" rel=\"noopener noreferrer\">announced by the Panama Tourism Authority in June 2019<\/a>.<\/p>\n<h4><strong>New policy details<\/strong><\/h4>\n<p>As now modified, for operations during 2020, a 100%\u00a0refund\u00a0of the Canal toll\u00a0will be provided for lines that show 80% of passengers embarked in Panama are international.<\/p>\n<div class=\"dfp-ad-hideempty native_inline hidden n_hidden\" data-dfp-position=\"native_inline\"><\/div>\n<p>The refund goes to 90% in 2021, 80% in 2022, 70% in 2023 and 60% in 2024. In all cases, 80% of the passengers embarked in Panama must be international.<\/p>\n<p>The new policy is found in <a href=\"https:\/\/www.gacetaoficial.gob.pa\/pdfTemp\/28957\/GacetaNo_28957_20200207.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Executive Decree 73<\/a> by the Ministry of Commerce and Industry,\u00a0published in the National Gazette on Friday.<\/p>\n<h4><strong>Promotion of Panama products<\/strong><\/h4>\n<p>The decree also establishes\u00a0that the Ministry of Commerce and Industry will promote the provisioning of Panamanian products to the lines.<\/p>\n<p>And the decree outlines the process cruise operators need to follow to be reimbursed for their Canal transits. The Panama Tourism Authority is to provide the refund no later than 12 months following the documented transit.<\/p>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f16536-o1\" lang=\"\" dir=\"ltr\" data-wpcf7-id=\"16536\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/blog\/wp-json\/wp\/v2\/posts\/28070#wpcf7-f16536-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"16536\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.6\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f16536-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/>\n<\/fieldset>\n<p><B><I>Sign Up for our Newsletter:<\/i><\/b>\n<\/p>\n<p>Your Name (required)\n<\/p>\n<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span>\n<\/p>\n<p>Your Email (required)\n<\/p>\n<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span>\n<\/p>\n<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"Send\" \/>\n<\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Panama made modifications to the reimbursement plan for Panama Canal transits by cruise lines that establish homeport operations<\/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":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,255,246,244,260],"class_list":["post-28070","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-panama-real-estate-bocas-del-toro","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama-rent-in-boquete"],"yoast_head":"<!-- This site is optimized 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