Registration of Vessels

The Registration process consists of two stages: Provisional and Permanent.

The Consulate is authorized to proceed with the Provisional Registration and issue temporary documentation including a provisional Certificate of Registration (also known as “Patente”), valid for 6 months and a Provisional Radio Licence, valid for 6 months. The process is usually completed within the same day once the registration fees and first year’s annual taxes are received by the Consulate.

 

The Permanent Registration will be completed by the Resident Agent of the Vessel in Panama who will present all the Technical Certificates of the Vessel to the Panama Maritime Authority within 6 months.

This Consular office in London handles the Provisional Documentation via the PKI System (Public Infrastructure Key) and is able to print and send official Digital Navigation Documents of the vessel.

Due to Covid-19 Pandemic – This Consular office in London has been authorised to issue some Digital Permanent Documents for vessels. (Please ask your Panama Resident Agent for support)

Name Registration

It is possible to reserve in advance the name of a vessel in construction, or scheduled for construction, provided this name is available nominal fee of US$40.00 per month.

Preliminary Registration of Title/Mortgage and Discharge of Mortgage:

The procedures of the Preliminary Registration of Title Deeds, Mortgages, Addendum, Amendments and Discharge of Mortgages are straightforward.  The procedure takes only one business day, as long as all the required documents are presented together with the completed application forms.

This Consular Office accepts digital version of the legal documents (PDF copies) in advance provided these are previously notarised and authenticated followed by the original documents.  (please use the appropriate application form)

In reference to the number of copies, be advised that it is up to the interest parties, however, our office has to keep one original of each document in our files. Please contact us at least one (1) business day in advanced for availability to schedule your preliminary registration.  Email: shipping@panamaconsul.co.uk

Provisions have been made to allow the preliminary registration of Title deeds, Mortgage and Discharge of Mortgage after working hours. For this purpose, the interested party must arrange an appointment at least 2 days in advance.

“The ship owner can be assured by the acceptance by the United Kingdom, United State, Far Eastern and European banks of the Panamanian mortgage, providing satisfactory security. Hence the Panamanian Ship Mortgage, once registered, grants a right in rem to the mortgagee. The encumbrance follows the ship even when sold. The mortgagee thus has a right to pursue, attach or have the ship sold in order to collect his credit, with preference over the creditors of lesser standing

For the Permanent Registrations – consist of the notarization (translation) of the documents subject to the registration in Public Deed and its presentation by the Panama Resident Agent before the General Directorate of Public Registry of vessels within 6 months.

Taxation 

Panamanian vessels are subject to the payment of a moderate annual fee calculated on the basis of their tonnage. This Consulate is specifically appointed to collect those fees and is entitled to issue official receipts immediately, to avoid any administrative delay.

Special Provisional Registration

Vessels of international service destined for scrap, delivery voyages or any other form of temporary navigation may apply for a provisional Registry and a Radio Permit, both of which are valid for three months.

Bareboat Charter Registration (Dual Registry) 

Under bareboat charter, a ship owner leases a ship to an operator -the charterer- who becomes responsible for the operation of the vessel. According to Panamanian Law, which allows Dual Registry, that vessel, already registered in one state, may be registered under the flag of another state for the duration of the charter (up to two years, renewable).The dual registry system allows a charterer, leasing a ship registered in a country without an open registry, to benefit from the advantages of the Panamanian Registry. It also allows the ship owner to maintain the original registration, which is merely suspended during the dual registration but regains its validity upon termination of the charter. The authorization of the original flagging state, as well as that of the shipowner’s, is necessary. The Consulate is authorized to handle the required procedure and will issue the Certification.

For further information or to receive a quotation, please do not hesitate to contact us via email shipping@panamaconsul.co.uk or  phone +44 (0) 20 7409 2255 ext.*207