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Panama: English Language in Naval Records

The Panama Maritime Authority has authorized that from now on recording of original ship mortgages will be done in English, without the need to submit translations into Spanish.

Wednesday, December 3, 2014

From a statement issued by the Panama Maritime Authority (AMP):

The Panama Maritime Authority (AMP) has hit a new milestone for the Panamanian Merchant Marine, having registered the first ship mortgage in the English language.
This procedure is of vital importance as it consolidates the Panama Merchant Marine; number one worldwide, as a vessels registration entity of the highest standards of efficiency and reliability.

"The adoption of English represents a boost to our competitiveness and serves to strengthen our global presence as a leader among ship registration countries," said the Administrator of the AMP, Jorge Barakat Pitty. "The mortgagee will receive the same document they signed, with its inscription stamp. This innovation represents an extraordinary leap for the marine industry and will lay the foundation for many other banks, to embrace this new option for mortgage inscriptions," said the Administrator Barakat.

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Panama: New Office for Maritime Businesses in Miami

July 2017

The technical office of the Maritime Authority will operate 24 hours a day in order to facilitate the formalities for conducting maritime business on the US East Coast.

From a statement issued by the Port Authority:

As part of the celebration of the 100th anniversary of the Panama Ship Registry, the Panama Maritime Authority inaugurated its technical offices in Miami, Florida on Friday, in order to facilitate technical inquiries and respond to customers in the area.

Panama: Law on Maritime Trade Approved

October 2014

New legislation passed by the National Assembly introduces new rules on the registration for Merchant Marine ships.

From a statement issued by the National Assembly of Panama:

A draft law amending some articles of Law 55 August 2008, which regulates maritime commerce was approved on its third reading by the plenary of the National Assembly.

Panama: State Will Assess Marine Licenses

July 2014

Validation of licenses granted to naval officials will now be the task of the Panama Maritime Authority.

While the transition from the company Orion to the Panama Maritime Authority (AMP) is carried out, the evaluation of licenses for marine officials will be temporarily suspended.

Panama: Improvements to Merchant Marine Services

June 2014

A proposal has been made for issues related to merchant shipping abroad to be treated by an entity supported by the Maritime Authority and not by traditional consulates.

Separating the management of affairs of the merchant marine services from those provided by traditional consulates is the proposal submitted to the Panamanian Maritime Law Association (APADEMAR).