Panama Maritime Consultants provides all services required for the registration of naval mortgages in Panama’s Public Registry, including drafting of contracts, preparation of the mortgagee instrument, reviewing the documents to ensure compliance with all formalities required by Panamanian law, translation of documents, and registration and deletion of the mortgage.

 

Panama provides an efficient system of registration of naval mortgages.

A prerequisite of registering a mortgage is to register the vessel, at least preliminarily, under the Panamanian flag.

 

Generally, the preliminary registration of both the vessel and the mortgage takes place simultaneously before a Panamanian Consul.