The Panama Ship Registry, established in 1925, is one of the oldest and is largest open ship registry in the world. 2002 statistics indicated 10,143 ships registered with a total tonnage of 146,458,175 GT.
Through our attorneys, we can arrange for vessel registration under the Panamanian flag, usually within two business days.
The registration procedures is divided in two stages: first, the Provisional Registration and second, The Permanent Registration.
The first stage begins with the application for the ship registration directly to the General Directorate of the Merchant Marine in Panama. Once the application is filed and the registration fees paid, the Provisional Registration Certificate (valid for 6 months) and the Provisional Radio License (valid for three months) are issued within 24 hours. The Provisional Registration Certificate or Patente may be renewed upon request for additional 3 months periods.
In the second stage, the legal representative in Panama appointed by the ship’s owner shall obtain both the Permanent Registration Certificate (valid for 4 years) and Permanent Radio License (valid for 4 years) from the General Directorate of the Merchant Marine in Panama, provided all the documentation required is presented accordingly.