A. PANAMA SHIPPING REGISTRY.

Panama's Open Registry. The Panama Shipping Registry is the oldest, the most active and biggest with the highest registered tonnage in the world. In accordance with official estimates the registered tonnage under Panamanian flag in the world was above 90 million gross registered tons (GRT) and nearly 60% of new ship constructions are entering the Panama Shipping Registry.

The work of the registry and the inspection through the numerous Merchant Marine General Consulates of Panama, located in the major ports of the world, as well an extensive number of companies and inspectors authorized by the government of Panama, have assured a great agility in the proceedings and an enviable service quality that no other country or maritime registry in the world possesses.

Besides that, our country has signed, ratified and it is member of the majority of organizations and international conventions that govern the diverse aspects of the admiralty laws and the international maritime activity, such as the International Maritime Organization (IMO); the Regulations for the Prevention of Collisions in High Seas; the Safety of Life at Sea Conventions (SOLAS); the International Maritime Satellite System (INMARSAT); the Crew Training, Certification and Supervision Standards; the Maritime Pollution Prevention (MARPOL); Maritime Pollution by Spills, Wastes and other materials Prevention; Civil Liability for Oil Spills; Loadlines and Tonnage Measurements, among others.

Registration, Patents and Licenses.

Our law firm has over forty years of experience in vessel's registry proceedings and the procurement of patents and licenses for ships and crews.

In accordance with enforceable Panamanian legislation, over 70 years old, any person or corporation, national or foreign, may register vessels in the Merchant Marine Registry of the Republic of Panama. Furthermore any vessel of any type is subject to registration in Panama, provided that it fulfills the minimum requirements of navigability, safety, and environmental conditions, required by international conventions and national regulations related to the subject.

Panamanian law is very flexible when it comes to naval mortgage registry. Naval mortgages registered in the Republic of Panama are widely accepted and recognized as executable by all financial institutions in the United States, Asia and Europe


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