ADVISORIES ARE AVAILABLE AT http://www.pancanal.com FOR ETAS OR DIRECT COMMUNICATION WITH OUR OFFICES, REFER TO NOTICE N-3-2021 Panama Canal Authority Vice Presidency for Operations Advisory to Shipping No. A-09-2021 February 17, 2021 TO : All Shipping Agents, Owners, and Operators SUBJECT: Modifications to the Transit Reservation System Rules and Tariffs The Panama Canal Authority (ACP) and its Board of Directors considers it appropriate to modify the existing Transit Reservation System tariffs, including charges, descriptions, and classification. These adjustments are intended to highlight the real contribution provided by the system, providing consistency with service levels, the increasing demand, and the actual value it generates to users and to our customers. The new booking tariffs will become effective April 15, 2021, and are presented in the table below: PANAMAX LOCKS NEW TARIFF Vessels with less than 27.74 m (91 feet) in beam (regulars) $ 10,500.00 Vessels with a LOA less than 274.32 m (900 feet) and a maximum beam of 32.61 m (107 feet) $ 40,000.00 Vessels with a LOA between 274.32 m (900 feet) and 294.44 m (966 feet), and a maximum beam of 32.61 m (107 feet). $ 50,000.00 NEOPANAMAX LOCKS Vessels with beam less than 42.67 m (140 feet) (including Panamax Plus vessels) $ 70,000.00 Vessels with beam equal to or greater than 42.67 m (140 feet) $ 85,000.00 In addition, effective April 15, 2021, the base amounts for slots awarded through the auction process, standard and special, will be as follows:  For regular vessels, the base or initial amount will remain at $15,000.  For supers, the base or initial amount will be $55,000.  For Neopanamax vessels (including Panamax plus) the base or initial amount will be $93,500. The implementation process for these new tariffs are as follows: 1. For all vessels with booking dates prior to April 15, 2021, the current booking tariffs will be applied. 2. Reservation requests for any booking dates received prior to 0900 hours February 18, 2021, will be charged based on the current booking tariffs. Substitutions, swaps, and date changes will be handled in the following manner: 3654-A (OP-I) V. 1/10/2020 OP, February 17, 2021 Subject: Modifications to the Transit Reservation System Rules and Tariffs  Substitutions. For substitutions that involve cancellation fees, the amount to be applied to the substituted vessel will be based on the current booking tariff. The substituting vessel will retain the current booking tariff if the booking date is prior to April 15, 2021; otherwise, the new tariff will be applied.  Swaps. For swaps that involve a swapping fee, the amount to be applied will be based on the current tariffs (items 1050.0220 to 1050.0227). The booking fee to be applied to both vessels will be the higher of the two fees applicable to the vessels involved in the swap.  Changes in date. For changes in dates where the new booking date is April 15, 2021 or later, the new tariffs will be applied, including changes in dates to vessels that had been awarded slots for alternate dates due to unavailability of slots for the original dates. For changes in dates where the new booking date is prior to April 15, 2021, the current fee will be applied. 3. Reservation requests submitted between 0900 hours February 18, 2021 and 2359 hours February 28, 2021 for booking dates between April 15, 2021 and June 30, 2021, will retain the current booking tariffs. Substitutions requested during this period for bo