Panama: Improvements to Merchant Marine ServicesA 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.Friday, June 27, 2014
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). The lawyer who drafted the proposal believes that "... currently, the consuls of traditional Foreign Ministry services have been commissioned to run the business of registering flags. But the results have not been the best because it is not a political service. " Source: laestrella.com.pa ¿Busca soluciones de inteligencia comercial para su empresa?Panama: New Rules for Maritime TrafficOctober 2014 The new traffic separation system which comes into effect on December 1 establishes four instruments in the passage of the canal and coastal protection zones for environmentally sensitive sites. Incentives for Vessel Registration in PanamaAugust 2014 Discounts of up to 35% on the registration fee and the annual consular fee will be granted to the ships registered under the Panamanian flag. Panama: State Will Assess Marine LicensesJuly 2014 Validation of licenses granted to naval officials will now be the task of the Panama Maritime Authority. Panama: Changes to Law on Auxiliary Maritime ServicesJune 2013 Amendments have been presented to the draft Law which states that 75% of the shares of companies in maritime services should belong to people of Panamanian nationality.
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