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percentage of the substantial Panama Canal transit fees to any cruise line that homeports in Panama and sails with at least 80 percent international tourists. The reimbursement is greatest (100%) in 2020, decreasing 10 percent each year through 2024, when the government will give back 60 percent of the tariff to homeporting cruise lines that meet the requirements. Cruise lines can also consider homeporting in Panama City for voyages to the Galapagos islands, South and Central America. Colon lends itself to Caribbean itineraries, with or without a Canal transit at the beginning or end of the sailing. THIRD QUARTER 2021 | TRAVEL & CRUISE 17