At the time of processing the application, the Consulate shall collect the (one-time) provisional registration fees, as well as all related administrative charges, and also the annual fees in advance. This abridged summary is intended as a partial illustration provided for your convenience only. It is not binding on the Consulate, or the Government of Panama who retains the right to modify all rates without notification. All amounts are quoted in US Dollars.

 

 

1) REGISTRATION FEES

 

       

        INITIAL REGISTRATION FEE  (Minimum 500.00 – Max. 6,500.00)

 

Up to 2,000 GRT                        500.00

2,000 to 5,000 GRT                2,000.00

5,001 to 15,000 GRT              3,000.00

15,000 GRT and up                3,000.00 + 0.10 per each GRT over 15,000

 

Fleet discounts are available for registration fee and tonnage tax.

 

YACHTS pay a single fee of US$ 1,500.00 for 2 years

(US$ 1,000.00 if owned by a Panamanian corporation)

 

 

         PROVISIONAL PATENTE & RADIO LICENSE:   525.00

 

 

COMPLETE SET OF BOOKS & CREWLIST:     260.00

 

 

        TITLE & MORTGAGE REGISTRATION

 

                  Preliminary Registration of Title of Ownership:

                  Consular Fee: 750.00

 

                  Preliminary Registration of Mortgage:

                  Consular Fee: 750.00

 

For the first two million dollars of amount secured:   450.00 (minimum)

For each additional million, or fraction:                       150.00 (up to maximum of 1,200.00)

Net Tonnage Fee: 0.12 per net registered tonnage. If tonnage exceeds 5,000, then total amount is 600.00

 

Qualification Fee: 50.00

Legalizations Fee: 30.00 per document to be legalized (i.e. Mortgage document, Bill of Sale, Power of Attorney)

 

 

      BAREBOAT CHARTER REGISTRATION  (Dual Registry Vessels)

 

$0.20 per NRT or fraction + $150.00 fee. 

 

 

      SHORT TERM REGISTRATION

(Three-month validity, for special purposes)  0.40/NRT  (minimum $300.00)

 

 

 

2) ANNUAL PAYMENTS

 

           

        ANNUAL TONNAGE TAX (Impuesto Anual)

 

$0.10 per NRT

 

Fleet discount available (up to 50%) for a total registered tonnage of 100,000 GRT

 

 

        ANNUAL FEE (Tasa Unica Anual)

 

      Cargo Ships, Passenger Ships, fishing, transshipment, drilling vessels, dredges and tugs.

 

Up to 1,000 GRT:                    1,200.00

1,001 to 3,000 GRT:               1,800.00

3,001 to 5,000 GRT:               2,000.00

5,001 to 15,000 GRT:             2,700.00

15,001 GRT and up:               3,000.00

 

            Non self-propelled crafts, vessels engaged in scientific research or non-profit activities, submarines, crew boats, floating dry docks, exploration and supply ships. Vessels engaged in non-lucrative activities.

 

Up to 500 GRT:                          850.00

501 to 1,000 GRT:                  1,400.00

1,001 GRT and up:                 1,800.00

 

 

      ANNUAL INSPECTION FEE               (does not include surveyor costs)

 

      Passenger Ships:

Up to 1,600 GRT:                       900.00

Over 1,600 GRT:                    1,800.00

 

      Tankers and cargo vessels:

Up to 500 GRT:                          500.00

501 to 1,600.00 GRT:                750.00

1,601 to 5,000 GRT:                  850.00

5,001 to 15,000 GRT:             1,000.00

15,001 GRT and up:               1,200.00

 

      Drilling Units:                                       1,300.00

 

      Sports crafts, non-profit:                        400.00

 

      All other vessels:                    

Up to 500 GRT:                          500.00

501 to 5,000 GRT:                     800.00

5,001 GRT and up:                 1,000.00

 

 

        ANNUAL FEE FOR CASUALTY INVESTIGATION AND INTERNATIONAL TREATIES PARTICIPATION

 

$0.03 per NRT or fraction, and additionally:

 

        Passenger Ships, Oil, Gas & Chemical Tankers, Drilling units:  850.00

 

        All other vessels:

Up to 500 GRT:                       300.00

501 to 10,000 GRT:                400.00

10,001 GRT and up:               500.00

 

 

 

3) OTHER FEES

 

 

      Vessel name reservation:                        40.00  (monthly)

        Change of Vessel name:                    1,000.00

      Change in vessel ownership:             1,000.00

      Change of vessel’s structure:             1,000.00

      Change of tonnage because of structure modification or to comply

      with Tonnage Convention of 1969:     1,000.00

      Deletion from the Registry:                 1,000.00

        Authentication of documents:                  30.00

 

 

 

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