Panama Ship mortgage registration / mortgage cancellation

With the rapid development of China's shipping and shipping market and the continuous expansion of shipping demand, the demand for new ships will also arise. China also means becoming the potentially largest shipbuilding base in the world. In order to expand their operation capacity as soon as possible, major shipping companies began to seek support in the capital market to solve the shortage of construction funds. In order to meet the needs of the shipping market, financial capital institutions at home and abroad continue to open new financing policies and develop ship financing projects. In order to reduce the risks of financial institutions and protect their own interests at the same time, how can shipping enterprises get financing smoothly and avoid and reduce the risks of financial institutions?

Panama maritime authorization service center will build a bridge to solve the financing difficulties of financial institutions and shipping enterprises, provide legal information and information related to ship mortgage registration of the Panamanian government, provide legal professional opinions and suggestions, and cooperate with the successful completion of ship financing projects of both parties. It is a legal and reliable ship mortgage registration center to help customers avoid risks

Advantage

Relying on Panama's experienced law firms and Panamanian government resources, Panama maritime authorization service center provides ship mortgage registration services for financial institutions and shipping enterprises around the world. All registration procedures are handled in strict accordance with the regulations of the Panamanian government's maritime law, and actively provides safe, reliable and legal ship mortgage registration services for major banks in the world and domestic commercial banks.

● Panama is the most recognized first generous convenience flag in the world. The fast service of financing mortgage registration is also trusted by financial institutions in the United States, Europe and around the world. For example, countries with mature shipping financial services around the world, such as Norway, the United Kingdom, Singapore, Greece, Hong Kong, China and other countries, are very familiar with the financing Mortgage Registration Service of Panama convenience flag.

● the registration of financing Mortgage in Panama is the registration procedure and requirement defined in article 1515 of Panama's national commercial law. As Panama flag of convenience has consulates all over the world, Panama's temporary mortgage registration service can be completed within 24 hours. Its fast and safe mortgage registration service is the first choice for ship owners and financial institutions.

● Panama maritime authorization service center assists each applicant, provides legal advisory services, assists in reviewing the contents of the mortgage contract, and meets the terms and requirements in accordance with the legal norms of Panama maritime administration; Assist the applicant to complete the Panama registration of financial services efficiently and quickly

Handling procedures (Panama maritime authorization center provides one-stop service. It can handle temporary ship mortgage registration and long-term mortgage registration).
Panama SHIP MORTGAGE REGISTRATION

A. The general procedure for registration of long-term mortgage in Panama requires that the mortgage document / contract (in Chinese and English) be notarized and certified in Panama (this certification can be the certification made by the consulate of the government of Panama in that country. At the same time, if the country is a signatory country of apstille, the formalities for issuing apstille are also recognized).

B. PMAC of Panama maritime authorization center provides the review of mortgage documents / contracts and registration suggestions before registration, so as to facilitate the shipowners and financial institutions to successfully complete the mortgage registration of Panamanian ships. In accordance with the relevant regulations of Panama, our center puts forward the following suggestions to the applicant:
The following items must be mentioned in the mortgage document contract to be valid and registrable:
1. Name of vessel
2. Ship owner and address
3. Mortgagee and its address
4. Characteristics of the ship: length, width, depth, gross ton, net ton, temporary or long-term certificate number, and call sign (please note that the above items must be completely consistent with those in the certificate)
5. Mortgage amount
6. Interest
7. Repayment method
8. Expiry date
9. The mortgagee agrees to accept the mortgage
10. The mortgagee and the mortgagor agree to appoint PMAC law firm

C. After the applicant's documents are complete and PMAC business handling fees are paid, the above documents notarized and certified in Panama will be sent to our headquarters in Panama, and PMAC Panama law company will translate them in western. In Panama, it also needs to be notarized and submitted to the public registration bureau of Panama for registration and the maritime bureau for review, and the above mortgage registration certificate will be issued. The process takes 7-10 working days.
Note: if the ship has not obtained the long-term ownership of Panama, it can go through the temporary Panama mortgage registration first. The above requirements are similar. The application and issuance of the temporary mortgage registration certificate can be completed within 24 hours in PMAC Panama maritime authorization center.

D. If you need to rush the mortgage registration, you can pay the rush fee to the registry, and you can permanently register the mortgage within one day.

Panama SHIP DISCHARGE MORTGAGE

A. To handle the mortgage cancellation registration in Panama, only one copy of "charge ship mortgage" needs to be submitted, and the original appeal document signed by the original mortgage contract and agreed by both parties to cancel the mortgage shall be submitted to PMAC Panama maritime authorization service center
B. This document shall be notarized and authenticated in Panama. The original is sent to our headquarters in Panama for translation and submission of the application, which generally takes 10-15 working days to complete.

If you need to handle it, please contact our Panama authorization center.