Some of the advantages offered by Panamanian registry include: ▫ Any person or company, regardless of nationality or country of constitution, has the right to register vessels under the Panamanian flag ▫ No minimum tonnage required ▫ No re-inspection is required for vessels of ship owners who wish to transfer them to a Panamanian flag, as long as they carry valid safety and tonnage certificates issued by a recognized classification organization ▫ Registering a vessel under the Panamanian flag is quick and simple ▫ When registering vessels in Panama, once the temporary ship registration is obtained, the Law grants six (6) months to fulfill the requirements and thus obtain permanent registration. Legislation regarding Flagging Ships in Panama▫ Law 55 of 2008 referring Maritime Commerce in Panama. Download Law in PDF file ▫ Law 57 of 2008 referring Panamanian Merchant Marine. Download Law in PDF file Services Offered by the Firm regarding flagging of vessels in PanamaOur attorneys offer legal services in this area, including processing documents and obtaining ship registration and preparing purchase agreements, naval liens, shipping contracts and certifications, among other services. Our legal firm also litigates before the Maritime Courts of Panama. In addition, our Firm offers the following services: ▫ Ships registrations in Panama ▫ Registration and cancellation of Naval Liens ▫ Special navigation permits ▫ Owner name change and/or vessel name change ▫ Radio licenses ▫ Maritime litigation ▫ Consulting for vessel sales and financial transactions, shipping contracts, towing contracts and salvage ▫ Vessel name reservation |
