Canal Dues

Canal Dues refer to the charges that are levied on vessels passing through a canal. These charges are typically based on the size, type, and tonnage of the vessel, as well as the type of cargo it is carrying. The purpose of canal dues is to cover the costs of maintaining and operating the canal, including the cost of locks, dredging, and other infrastructure. Canal dues are an important source of revenue for the authorities that manage canals, and they can significantly impact the cost of maritime transport. The amount of canal dues can vary greatly from one canal to another, and they are often subject to negotiation between the vessel owner and the canal authority. Some canals, such as the Panama Canal and the Suez Canal, are particularly well-known for their high canal dues, which reflect the strategic importance of these waterways in global trade. Failure to pay canal dues can result in penalties, including the detention of the vessel.