Artikel II

The Republic of Panama declares the neutrality of the Canal in order that both in time of peace and in time of war it shall remain secure and open to peaceful transit by the vessels of all nations on terms of entire equality, so that there will be no discrimination against any nation, or its citizens or subjects, concerning the conditions or charges of transit, or for any other reason, and so that the Canal, and therefore the Isthmus of Panama, shall not be the target of reprisals in any armed conflict between other nations of the world. The foregoing shall be subject to the following requirements:
(a) Payment of tolls and other charges for transit and ancillary services, provided they have been fixed in conformity with the provisions of Article III (c);
(b) Compliance with applicable rules and regulations, provided such rules and regulations are applied in conformity with the provisions of Article III;
(c) The requirement that transiting vessels commit no acts of hostility while in the Canal; and
(d) Such other conditions and restrictions as are established by this Treaty.