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Maritime Services
Maritime commerce in Panama is one of the largest in the world, thanks to its strategic geographic position. The Panama Maritime Authority has one of the main open ship registries worldwide, accepting both domestic and foreign vessels. Panama continues to lead the flagging of ships with slightly more than 8,250 vessels.
The Panama Maritime Authority issued Board Resolution No. 011-2019, which regulates the nautical charter license, to allow Panamanian and foreign-flagged yachts to operate in Panamanian waters. Uribe & Asociados was the third Panamanian firm to apply for a nautical charter license with the Maritime Authority.
Our team of lawyers is qualified to provide you with advice on maritime matters such as:
- Flagging and Registration of Vessels (pleasure craft, commercial vessels)
- Application for Navigation Patents and Radio Licenses
- Renewal and Extension of Navigation Patents and Radio Licenses
- Reservation of Vessel Names
- Change of Ownership
- Change of Vessel Name
- Ship Purchase and Sale Agreements
- Maritime Litigation
- Obtaining an Operations License (nautical charter) for yacht rental
- Procedures before the Panama Maritime Authority
- General Practice in Maritime Law
Our Maritime Services
We draft and review charterparty agreements, ship sale contracts, and other maritime agreements, safeguarding our clients’ interests in every transaction.
We draft and review charterparty agreements, ship sale contracts, and other maritime agreements, safeguarding our clients’ interests in every transaction.
FAQ
Panama holds one of the largest ship registries in the world. Many vessels sail under the Panamanian flag due to its flexible legislation, low registration costs, and tax advantages. Panama also has a specialized maritime jurisdiction, facilitating the resolution of shipping disputes.
It’s the process by which a vessel gains the legal right to operate under the Panamanian flag. Any natural or legal person, whether Panamanian or foreign, can register a ship in Panama. This grants international recognition and various operational benefits.
Panama’s maritime courts deal with cases such as vessel arrests, maritime accidents, breaches of charter contracts, cargo damage, labor disputes aboard ships, and claims for maritime pollution, among others.