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Glossary Shipping Terms

Panama Transit Fee

The Panama Canal is a canal of approximately 80 kms long created to shorten the transit time of ships going from the Atlantic Ocean to the Pacific Ocean.

The canal achieves this by using a system of locks which raises and lowers the ships between the two oceans making it possible for around 13-14,000 vessels to transit the canal every year connecting 144 maritime routes and 160 countries and reaching some 1,700 ports in the world.

The shipping lines using this canal have to pay the Panama Canal Authority and part of that cost is levied by the shipping line to the customer as a Panama Transit Fee or Panama Canal Surcharge.

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