The reduced transportation demand, increasing overcapacity, low freight and charter rates have become a major concern in the marine industry.
Taking into consideration the above mentioned and considering laying-up of ships is an option available to ship owners in order to be able to meet the challenge imposed by the global recession.
Laying-up a vessel instead of scrapping, represent significant financial benefit, getting the Panamanian Lay-up registry represent additional benefits.
Among the benefits that we offer the lay-up we can mention the following:
1. Obtaining the Panama Lay.up registry represents approximately a 40% discount of the real cost of registry in Panama.
2. Minimize Manning cost during long lay-up periods.
3. During the lay-up period it is not necessary to hold valid statutory certificates onboard.
4. This registration has a period of validation of 1 year with the option of and additional year.
When reactivating the vessel, it will only require a special inspection from a Recognized Organization, and will have to be communicated to the General Directorate of Merchant Marine of the Panama Maritime Authority.
If you wish to obtain more information contact us at maritime@chenleeyasociados.com or call us +(507) 360-5533
