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PANAMA MARITIME AUTHORITY Directorate General of Merchant Marine Merchant Marine Circular No. 172 To: Legal Representatives, Masters, Owners/Operators of Panamanian Flagged Vessels and Recognized.

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Example of the costs of registering a vessel with the Panamanian Flag Cost of Registration$USDRegistry fee$6,500.00Annual Tax$6,049.20Annual Consular fee$3,000.006 more rows

Panama is proud to support Mr Dominguez's mission and vision, that “we share as a country,” said Noriel Arauz, Panama Maritime Authority Administrator and Minister of Maritime Affairs.

Required documents Power granted to the lawyer by the owner of the vessel. ... Title of ownership of the vessel duly registered in the Public Registry. That the ship is “paz y salvo” with its tax payments. Certificate of tonnage issued by an authority recognized by Panama. Original Bill of Sale Certificate, Deed of Title.

3.1 Fill out the ASI Inspector application Form (F-GPASI-01-01) that will be provided by the ASI section and pay the required fees. 3.2 Submit two (2) photos ID size. 3.4 Provide copy of the Certificate of Proficiency that certified them as Merchant Marine Captain, Engine Room Chief, or Naval Officer.

A completed application form which will ask for specifications about the boat. Payment of governmental fees. Copy of Power of Attorney that is notarized and legalized. A copy of the Bill of Sale and Acceptance of Sale that is signed by both the seller and purchaser.

International law requires that every ship be registered in a country, called its flag state. A ship is subject to the law of its flag state. It is usual to say that the ship sails under the flag of the country of registration.

Panama offers crew officers exclusive navigational training which is authorized by the International Maritime Organization (OMI). It is less expensive to register a ship as a Panama vessel than with other countries. While most countries only register new ships, Panama can register a vessel as old as 25 years.

The new Panama Merchant Shipping Law (Law 57 of 6 August 2008) eased administrative and legal procedures, created incentives for building new vessels, and created loyalty to the Panamá Flag. The new legislation also grants incentives to individuals that register fleets, depending on gross tonnage, and vessel type.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232