| MARITIME
LAW
Advantages of Registry of
vessels under Panamanian flag
The
Panamanian registry offers many facilities of
considerable interest to shipowners who wish to
register their vessels under our Flag.
Amongst
the advantages offered by the open Panamanian
registry are that any person or company, regardless
of their nationality and place of incorporation
is eligible to register ships under the Panamanian
flag. Also, there is no minimum tonnage requirement,
type or size of vessel registered. Pleasure yachts
are entitled to reduced tariffs, and ship fleet
to tax rebates under current regulations.
Also
it is possible to register a vessel which is under
construction provided that at least 1/3 of the
total amount budgeted for the hull has already
been invested, obtain a special type of registration
for vessels on account of scrapping, delivery
voyage or any other purpose of a provisional nature
registered.
Pursuant
of Law 11 of 1973 and Law 83 of 1973 it is possible
to have dual registration of vessels, under certain
circumstance, whereby a vessel registered under
the Panamanian flag will be allowed to fly another
flag a special registry on account of charter
party arrangements and vice-versa.
The
Panamanian Government created the Law 25 of June
3, 2002 that regulates the incentives in the Panamanian
Registry.
For
more information in connection with the maritime
services render by our firm, please contact us.
Registration of Vessels in the Republic
of Panama.
Purchase, Sale and final Registry (Regulatory
Patent) of the vessels
Special Registry for Vessels under Charter party
Temporary Special Registry
Deletion of Registry for Vessels under Panamanian
Flag
Requirements and Formalities for the Execution
and registration of Naval Mortgages
Amendment and Assignment of Naval Mortgage
Release of Naval Mortgage
Preliminary registration of bill of sale, mortgage
etc. in Panama
Ships Arrest
Maritime Litigation before the Panama Maritime
Court
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