Good news for Ship owners who will now save time and costs!

Banking, Company Profiles, Flags, HR, Legal, News, People and Places, Person Profiles, Public and Legal Notices, Sales and Purchases, Shipfinance — By on November 8, 2014 at 8:58 PM
Ana irene Delgado - Picture by Anny Zade

Ana irene Delgado – Picture by Anny Zade

 

SOLENDEG PANAMA London office,  is proud to announce;

Panama has enacted a law that allows the Panama Ship Registry to register mortgages in English that has entered into force immediately.

Law 27 of 2014 will end the double registration, first in Spanish which had to be translated from English or any other language before mortgages be registered.

Banks willing to follow the standard registration procedure whereby the English text Mortgage Agreement is registered in the form of a Spanish text Public Deed with a full translation of the Mortgage Agreement are free to do so.

 

The same Mortgage Agreement, however, can now be filed for registration without Spanish translation as an exhibit to a two pages Mortgage Extract signed by the owner and the bank which simply outlines the minimum required information for registration purposes: 

  • name and address of the owner and the bank
  • vessel’s particulars
  • maximum secured amount
  • applicable interest rate and maturity date

Contact info
Ana Irene Delgado
anaidelgado@solendeg.com
+447530071424

SOLENDEG London
17 Hanover Square
W1S 1BN
London, UK

 

 

Contact info

Ana Irene Delgado

anaidelgado@solendeg.com

+447530071424

 

SOLENDEG London

17 Hanover Square

W1S 1BN

London, UK

Tags: , , ,

Leave a Reply

IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

What is 15 + 12 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback