The General Directorate of the Merchant Marine (DGMM) will issue a report to the Administrator of the AMP, with the recommendation to proceed with the cancellation of the ship’s registration. The Administrator must grant authorization to the DGMM to continue the process, through a reasoned resolution.
If the vessel has one or more mortgages in the General Directorate of Public Registry, said registration will be kept to ensure that the creditor can exercise their rights. At the same time, financial institutions (banks) will be notified of the situation.
Organizations Recognized by the Republic of Panama or subject to its jurisdiction are prohibited from providing classification and/or certification services to vessels that are in process or have been canceled.
It is essential to note that Executive Decree 512 does not replace the measures established for the cancellation of vessels issued in other provisions related to the Panama Ship Registry.
The AMP will continue to be committed to the defense of national interests, acting quickly and efficiently to minimize the risks posed by those vessels whose behavior has led to their inclusion on sanctions lists.
