Panama Flag Registration

A ship’s registration under the Panama flag is quite simple.

This is initiated with the Provisional Registration, that can be obtained in 2 days after the application.

Once this is obtained, there is a term of 6 months to present all the original documents in order to obtain the ship’s Permanent Registration.

If the Provisional Registration is made in Panama, our firm can file the application for the registration.

In this case, you must send us, the required and relevant fees that need to be submitted to Panama.

The Provisional Registration may be obtained in 2 days after the application. Once the Provisional Registration is obtained, there is a term of 6 months to present all the original documents in order to obtain the Permanent Registration.

The following list of documents shall be presented in a term of 6 months after the issuance of the provisional registration

  • Proof of ownership (Bill of Sale or Building Certificate)
  • Power of attorney on behalf of Firm for registering the vessel (we will provide draft)
  • Technical certificates
  • Deletion certificate / cancellation of previous registry (not required for new vessels)
  • Tonnage Certificate, issued by an authorized classification society on behalf of the Republic of Panama
  • Confirmation of the authority in charge of the radio accounts
  • Confirmation of the authority in charge of the radio accounts
  • Radio application forms, duly filled out
  • The vessels that are 20 years old require a special inspection to enter to the Panamanian Registry
  • The above documents shall be authenticated by a Panamanian Consul or by Apostille

Advantages

Registering a vessel under the Panama Flag has a number of competitive advantages. Some of these are:

  • Leadership in vessel registrations worldwide
  • No minimum tonnage or age requirements for vessels
  • Tokyo MOU White List
  • Paris MOU White List
  • Approved audit by the IMO
  • Competitive costs
  • New Law No. 57 of Merchant Marine of August 6, 2008,with multiple discounts scheme
  • Preliminary registration of title / mortgage
  • Vessels under construction can obtain provisional registration
  • Major class survey societies accepted
  • All nationalities accepted
  • Dual Registration Possible
  • Tax advantages

For any information or to receive a detailed quotation for a vessel registration, contact us.

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