One of the advantages of the Panama Registry is the possibility that a ship already registered in another country may register in Panama for the duration of a charter contract without having to resign to its former registration. The bareboat registration dual registry is valid for a renewable period of two years.

The authorization of the original flagging state, as well as the ship owner's is required.
To process your Bareboat Dual Registration in the Panama Registry, fax to IMC: (507) 263-4737 the following documentation:

1. Power of Attorney, appointing a Panamanian attorney as legal representative of the vessel. The signature of the owner shall be notarized and then authenticated by the Consulate of Panama at the place where it is granted.

Panama is also a signatory country of the "Apostille" Convention, thus you may alternatively obtain the authentication from the Foreign Ministry of the country where the power of attorney has been granted (instead of the Consulate of Panama), provided such is also a signatory of the "Apostille" Convention

2. Application Form properly filled out.

3. Document of Compliance DOC (only for passenger, tankers, bulk carrier vessels and high speed crafts over 500 GRT) issued by a class society authorized to act on behalf of the Merchant Marine of Panama.

4. International Safety Management Certificate (ISM Code) (only for passenger, tankers, bulk carrier vessels over 500 GRT) issued by a class society authorized to act on behalf of the Merchant Marine of Panama.

5. Charter Contract notarized and with the respective "Apostille" or authenticated by the Panamanian Consulate.

6. Consent from the Foreign Country of Registration.

7. International Tonnage Certificate issued by a class society authorized to act on behalf of the Merchant Marine of Panama.

8. Payment of Registration Fees and Taxes to the Panama Maritime Authority (See Money Transfer Instructions).

The Merchant Marine of Panama completes your bareboat dual registration process within 24 hours and a copy of the Certificate of Registration is send to you by fax immediately. You will receive the Certificate by courier to the address designated by the owner within 2 or 3 days after the document has been issued. Be sure to provide the relevant data in the General Correspondence and Billing Information Form.