B. SPECIAL REGISTRIES.

In addition to navigation patents and radio licenses' registration, the Panama Shipping Registry offers other special registries for vessels of special class, among which we can mention the following:

• Vessels under Naval Charter: This registration allows the owner of a vessel registered in our country, to register said vessel in other countries, without losing our flag, provided that said vessel is chartered (bareboat charter) and that the other country's registry allows the registration of the Panamanian vessel in such condition. This is also applicable in reverse, that is, it is allowed that the vessel previously registered in other country, be registered in our country, as a chartered vessel, without losing its original registration.
• Yachts and pleasure vessels: Any yacht and pleasure vessel, or vessel qualified as such by IMO, may be registered for a two (2) year renewable period.
• Transit registration: Allows registration of a vessel for a non-renewable period of three (3) months, provided that said vessel of international service is destined for break up, delivery voyages or any other modality of temporary navigation.

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