INTERNATIONAL SHIP´S REGISTER
PANAMA SHIP REGISTRY
International Ship´s Register assist to you in the
vessel Registration, Classification and Insurance
under Panama Flag.
The Open Registry of Panama has the first largest
Merchant Marine Fleet on the world.
Advantages in the Open registry of Panama:
1. Absence of nationality requirements concerning to Ownership of the vesel.
2. Absence of age requirements with respect of a vessel.
3. The revenues derived from the international maritime commerce of vessels
registered under Panama Flag are not subject to income tax in Panama.
4. The Shipowner may engage personnel of any nationality within the prevaling
international maritime usages, giving them very advantageous conditions.
5. Pleasure yachts are entitled to reduce tariff, and ship fleets are entitled to
reduce annual charges.
6. In Panama Registry it is possible to have dual registration of a vessel under
certain circumstances, whereby a vessel registered under Panama Flag will
be allowed to fly another flag for a special registry on account of Charter
Party arrangements and vice versa.
7. The confidence of the international community generated by the preliminary
mortgage registration over Panamenian registered vessels. Mortgages could
be granted to secure all kind of lawfull obligations, and could be executed in
any language in accordance with the laws of the place of execution.
The procedure to register vessels under the Panama Flag is simple and expeditive.
It can be initiated with application for a Provisional Registry through a Legal Representative
(competent in the Republic of Panama). The purpose of the Provisional Registry is to allow
the title registration in the Public Registry Office and to ensure a reasonable term for
compliance with other requirements for Permanent Registration. The minimun required
information should be provided and the corresponding fee paid.
Once the documents are submitted and the fees paid, a Provisional Patent will be issued
by the main office in Panama which is valid for a period of six months. A provisional Radio
License for three months will also be issued. The whole process takes approximately two
The Statutory Patent and the Radio License are issued only in Panama. These are valid for
a period of four years and are granted after all the documents have been submitted.
Likewise, it is required that the title of the Shipowner has been duly inscribed in the Public
Registry. In the case of the Radio License, this is issued only when the interested party
submits a complete application, indicating the communications equipment the vessel will
have on board and complying with th GMDSS.
Minimun required documents for Provisional Registration:
1. Copy of Power of Attorney.
2. Copy of DOC, SMC & ISPS Certificates.
3. Information to Panama Maritime Authorities of vessel details and the Company
responsible for Radio Expenses
4. Payment of applicable taxes and fees.
Required documents for Permanent Registration:
1. Original of Power of Attorney from the Shipowners.
2. Title of Ownership of the vessel.
3. Certificate of Cancellation of the former registry.
4. Certificate of construction (if it´s new construction).
5. Application for a Radio License.
6. International Tonnage Certificate.
Inspections & Surveys:
All vessels must pass an annual inspection to ensure that they meet with international
safety regulations, carry up to date certificates and are properly manned and equipped
for their intended trade. To prevent the enrollment of potentially hazardous ships,
vessels built over twenty years ago must be inspected before a permanent Patent can
be issued. These inspections are monitored by the Directorate of Consular and Maritime
Affairs (SECNAVES) of the Ministry of Finance and treasury
All vessels are subject to surveys by an approved Classification Society that will issue
tonnage and other technical certificates.
To contact us:
INTERNATIONAL SHIP´S REGISTER, S.L.
Avda. Profesor Peraza Ayala, 11-1º-3
Edificio LAS CUMBRES, "B"
38001-S/C. de Tenerife (Canary Islands) - SPAIN
Phone: +34 922 270616 / +34 609 930983 (24 hrs.)
Fax: +34 922 270616