Good Day,

A. Canal Authority Notices& Advisories to Shipping Latest Advisory: A-56-2016 Requirements for Vessels when Transiting the Neopanamax Locks Latest Advisory: A-55-2016 Maximum Allowable Draft for Vessels Transiting the Neopanamax Locks Latest Advisory: A-54-2016 Suspension of Water Conservation Measures Latest Advisory: A-53-2016 Changes in Booking Date due to Availability of Additional Slots for Neopanamax Vessels Latest Advisory: A-52-2016 Monthly Canal Operations Summary SEPTEMBER – 2016 Latest Advisory: A-51-2016 Increase in Number of Booking Slots for Neopanamax Vessels Latest Advisory: A-50-2016 Pilot Portable Units for Newpanamax Vessels Latest Advisory: A-48-2016 Locks Lane Outage and the Transit Reservation System Latest Advisory: A-47-2016 Monthly Canal Operations Summary AUGUST 2016 – Latest Advisory: A-46-2016 Information on Escort Tug Requirements for Neopanamax Latest Advisory: A-45-2016 Change in the Effective Date for Booking of Neopanamax Passenger Vessels Latest Advisory: A-44-2016 Lane Outage and the Transit Reservation System Latest Advisory: A-42-2016 Monthly Canal Operations Summary JULY 2016 – Latest Advisory: A-41-2016 Maximum Draft Update Neopanamax Locks Latest Advisory: A-40-2016 New buoys placed at the Atlantic Entrance to the Panama Canal Latest Advisory: A-36-2016 Modification to Minimum Visibility Requirements Latest Advisory: A-35-2016 Tariffs for Tug and Linehandler Services for Neopanamax Locks

B. Present Waiting times for non-booked vessels Northbound Southbound Supers (91' in beam & over) 3 days 3 days Regulars (less than 91' beam) 3 days 3 days Please remember that the PCA offers the booking / auction system as an alternative to avoid delays and / or reserve a slot on a desire date, just please bear in mind that spaces are limited and in high demand which makes them difficult to obtain a slot if the customers are not regular Canal users.

C. Transit Information For October 27TH, 2016 Northbound Southbound Arrivals 21 11 Transits 15 18

Vessel due 28 27 Vessels booked 6 14

For October 26TH, 2016 Northbound Southbound Arrivals 13 21 Transits 16 18 Vessel due 28 27 Vessels booked 10 7 Canal normal daily capacity is 38-42 transits. a) The amount of ships Arriving and Remaining for transit will vary as ETA of vessels should change. b) Please find attached booking slots available per day list for your appraisal. c) Canal Operations Summary for previous month.

D. Locks maintenance schedule SCHEDULE OF LOCK MAINTENANCE OUTAGES Dates Days/Hrs Pedro Gatun Estimated Status Miguel Capacity 18 November 2016 12 Hours East Lane** 28-30 Tentative 25 November 2016 8 Hours East Lane** 30-32 Tentative 2 December 2016 8 Hours East Lane** 30-32 Tentative 21 January 2017 12 Hours West Lane* 28-30 Tentative 28 January 2017 12 Hours West Lane* 28-30 Tentative 21 April 2017 8 Hours West Lane** 30-32 Tentative 9-8 May 2017 10 Days East Lane* 22-24 Tentative

*The normal transit capacity of the Panama Canal is 34-36 vessels per day, depending on vessel mix and other factors. This capacity is reduced during locks maintenance work, as indicated in the above table. Consequently, vessels may experience delays in transiting. Normally, during these periods, the Panama Canal Transit Reservation System slots are fully utilized. Whenever a set of locks requires a major outage of one of its two lanes for dry chamber inspection, miter gate repairs, tow track work or other major maintenance/improvement projects, advantage may be taken to perform simultaneous single lane outages at other locks. **In order to perform required maintenance on the northeast entrance.

E. Panama Canal Auction System Auction Date Transit Date Auction Bid Vessel Name Customer Code NO BID NO BID NO BID NO BID NO BID NO BID NO BID NO BID NO BID

F. Weather Please click for updated Panama weather forecast http://www.weather-forecast.com/locations/Panama/forecasts/latest