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THE The Administrative
proceedings related to vessel registration are in charge of the Directorate
General of Consular and Maritime Affairs (SECNAVES), which grants navigation
and radio licenses. It also enforces
navigation, safety, pollution and manning regulations. Through its New York Representative Office
and the Department of Marine Safety (SEGUMAR), casualties investigations and
inspections are conducted. More than
450 inspectors are authorized to inspect Panamanian flag vessels
worldwide. Along with the Panamanian
Merchant Marine General Consulates in main ports, the Panamanian register
authorities have a network for the timely inspection and documentation of
vessels that no other open registry has. Regulations for Prevention
of Collisions at Sea 1972/1981, Safety of Life at Sea (SOLAS) 1974/1981,
Standards for Training, Certification and Watchkeeping of Seafarers 1978,
International Maritime Satellite System (INMARSAT) 1976, Prevention of
Pollution from Ships (MARPOL) 1973/1978, Prevention of Marine Pollution by
Dumping of Wastes and other Matter 1972, Intervention on the High Seas on
Cases of Oil Pollution Casualties 1969, Civil Liability for Oil Pollution
Damage 1969, Load Lines 1966/1971/1975/1979 and the Tonnage Measurement of
Ships 1969 Any foreign or
Panamanian national may register a vessel in the Panamanian Merchant
Marine. International service vessels
are exempt from The ship
registration procedure is initiated by applying through the Panama office or
the Panama Merchant Marine General Consulates, paying the corresponding fees
and submitting the followingdocuments:, Applications for navigation and radio
licenses, Power of attorney, Bill of Sale (and builder's certificate for
newbuildings) and Acceptance of Sale, Official certificate of cancellation
from the current registry stating that the vessel is free of all liens. Vessels under construction may also apply
for the Provisional Registration and radio call letters. The maritime office
will issue the Provisional Navigation License, valid for 6 months, and a
non-renewable Provisional Radio License for 3 months. The Provisional Navigation License may be
renewed for additional 3-month periods upon payment of a penalty. The Definitive Radio License must be
obtained before these 3 months or a fine is imposed. The previously mentioned ship documents,
apostilled or authenticated by a Panamanian Consul, must be recorded at the
Public Registry by a Panamanian attorney-at-law, so that a renewable, 4-year,
Definitive Navigation License may be issued by SECNAVES in Panama. Mortgages and title
deeds may be preliminarily registered by the Public Registry Office and
SECNAVES anytime in a period that averages 8 hours. Panamanian mortgages and titles are widely
recognized and accepted as enforceable by U.S., Foreign vessels
that require a second flag, may be chartered to a Panamanian company for up
to 2 years, and obtain the benefits of the Panamanian registry without losing
its original registry. To obtain this "bareboat charter"
registration, the applicant must present Certificate of the vessel's original
registration and the Consent of its original registry. This Panamanian charter registration is
granted for 2-year periods. The Technical
Department of SECNAVES handles the certification and examination of
crews. License equivalence for 43
countries has been introduced since 1990.
Special officers have been appointed in Yacht Registration If you have a yacht
that needs to be registered or are considering buying one, then you must
think of the best jurisdiction in which your yacht should be
registered. The Government
Fee for foreign privately owned yachts is US $1,500. The Registration
Fee for Panamanians or The necessary
documents to register a yacht in Panama are the Sale and Purchase Agreement,
Legal Power of Attorney to allow us to proceed with the work, the Deletion
Certificate if the yacht has been previously registered, or the Builders
Certificate and the Admeasure certificate of the vessel. You must also
be compliant with the Marine Radio Operator requirements to be registered in Yachts in Panama
can be held directly in a Panama Corporation, and the true owner can be both
the directors and the shareholders of the Corporation. Or you may
choose to use Nominee Directors and have bearer shares so your name will not
appear in any official documents. Through Power of Attorney you will
maintain control of the business and the bank accounts. One of the benefits
is that The fee to us
to register your yacht in Panama has no
restriction on the age, type or size of ship as long as it is
seaworthy. Ships and Ships mortgages are easily registered in The Provisional Registration
is for a period of three months. It can be used for Temporary
Navigation to allow you to decide whether you wish to purchase the Ship, to
take the Delivery of the Ship and the last voyage to have the ship
decommissioned. The Provisional Registration may not be extended but
may be updated to the Permanent Registration if you pay the difference in
Registration Fees and Taxes. You will need a sale and purchase
agreement, a Compliant Marine Radio Operator License, and a Legal Power of
Attorney to allow us to proceed with the work. The minimum applicable
taxes will be US $300.00 for a Provisional Ship Registration. The
Permanent Registration can be filed for within a six month period of
receiving a Provisional Registration. Before a First Registry
can be made you must apply and register the name of the ship for
approval. The ship must receive a certificate of Survey by being
surveyed for size and tonnage. You must show clear proof of ownership
with a Builders Certificate if it is a new ship with a Document of The fee to
register your ship through us is US $7,500 and includes the cost of the
Panama Corporation and the processing of your documents. The time to
process your documents will be between 8 two 15 working days. A
Resident Agent must be maintained in If you have any questions,
of if you would like to place an order, please send us an email message to
us. We have to do ship registrations
this way because of all of the variables involved, and we need to make sure
we have the correct information from you for submission. Send your email to: |
