24/7

Panamanian flag for the Turkish shipowner

9 августа 2021 г.: ru 9 en 111 октября 2021 г.: ru 1 en 210 августа 2021 г.: ru 1 en 1 всего: 110 06.08.21

Panamanian flag for the Turkish shipowner

In shipping industry, the so-called flags of convenience still remain the most popular ones.

Panamanian flag for non-resident shipowners deserves special attention. It is an open register, i.e. vessels can be registered under the Panamanian owned both persons regardless of citizenship or place of registration.

An important factor is that Panama is in the Whitelist of the Paris Memorandum.

The Client, large Turkish shipping company, applied to Interlegal for changing owner of the vessels at the Panama Maritime Authority.

Interlegal lawyers successfully supported procedure for changing ownership and received a new Registration Patent and Radio License for the new owner – shipping company.

To settle this issue, lawyers applied to Interlegal associated office in Panama and appointed, among the local lawyers, a new authorized person in the Register for the Client’s vessels.

Due to teamwork of Interlegal Ukrainian and Panamanian offices, coordination of all actions, as well as thoughtful planning of actions upon this project, the Client could quickly receive new documents.

  • The Buyer failed to fulfill its financial obligations within deadline prescribed by the contract2024.05.23

    A client, seller who entered into contracts with two companies of the same group, applied to Interlegal. The contracts provided supply o...

    show more
  • Limassol Boat Show 20242024.05.15

    We are pleased to announce that on 23-26 May Interlegal will be participating in the ninth edition of the largest boat show in the Eas...

    show more
  • General average due to collision of vessels. What should the cargo owner do?2024.03.18

    Expansion of geography to the Caspian states was and is one of the goals of our company development. Therefore, we are particularly plea...

    show more
  • Misunderstanding and technical errors as the reason for dispute2024.02.12

    A company applied to Interlegal for carrying out claims handling with their counterparty. Due to a simple misunderstanding, business rel...

    show more
  • What are the legal effects of delivering goods of poor quality under CIF contract?2024.02.05

    The Client applied to Interlegal for analysis of potential consequences of delivering mineral fertilizers of poor quality in the framewo...

    show more
  • UPD: what to do if arrest fails at the first time?2023.11.30

    Fresh news by Interlegal: one of the most interesting latest ship arrests! Let us remind: A Cypriot company filed to Interlegal a req...

    show more
  • Bank request again: additional documents and explanations2023.11.20

    Now in the process of transactions banks often asks our Clients to provide documents certifying lawful payment, mainly agreement between...

    show more
  • Forgive and forget: is small demurrage a reasonable excuse for arbitration proceedings?2023.10.26

    The Seller under CIF Contract applied to Interlegal; it delivered goods to the Buyer within the prescribed supply period and performed a...

    show more
  • Freight management flaws: incorrect notices or disputed claims2023.10.23

    Recently, Interlegal law team defended the Client’s interests in a dispute regarding incorrectly calculated demurrage. The case concerne...

    show more
  • Interlegal obtained FOSFA award in favor of the Client in the amount exceeding 4 million USD2023.10.16

    The Client applied to our law team due to non-performance of contract terms, i.e. non-payment for the goods. Parties to the contract...

    show more