Cabinet approves proposals enhancing Panama’s leadershipas a blue-green country• The Cabinet Council has approved the Ministry of Foreign
Affairs’ proposal for the incorporation of Panama into theInternational Solar Alliance (ISA).
• The authorization was given to bring the Convention on theProtection and Use of Transboundary Watercourses to the
National Assembly for approval.
• The extension of the import tariff for hydraulic cement, which
includes pulverized and colored cements for a further year, wasapproved.
The Cabinet Council has authorized the Minister of Foreign
Affairs, Ms Janaina Tewaney, to submit to the National Assembly
for ratification two international conventions that enhance
Panama's leadership as a blue-green country worldwide.
The first bill is related to the approval of the Framework
Agreement that incorporates Panama into the International
Solar Alliance (ISA) and allows important opportunities for global
cooperation, as well as the possibility of enhancing the country's
leadership in renewable energy at the institutional, industrial,
and technological levels.
The Alliance, launched in December 2015 during the Paris
Summit (COP21) and formalized in Marrakech in 2016, offers
opportunities to cooperate globally in the development of solar
energy.
This Alliance includes the 1 billion-proposal through which therichest countries in solar energy-with financing and cooperationhelp developing nations to produce 1 billion megawatts of solar
energy for the benefit of 1 billion of the planet's inhabitants.
The Solar Alliance is currently made up of 90 countries aroundthe world and Panama would be one of the first in Latin America
to join the agreement signed by the government on 24 August2022.
The Agreement, which must be submitted to the National

Assembly for consideration, is in line with the strategic guidelinesof the energy transition agenda aiming at gradual and dynamic
process of decarbonization, digitalization, decentralization, anddemocratization of the sector with production of cleaner andcheaper energy.
The Cabinet Council has authorized the Minister to submit to
the National Assembly the bill approving the Convention on
the Protection and Use of Transboundary Watercourses andInternational Lakes, adopted in Helsinki on 17 March 1992. By
acceding to this Convention and its ratification by the Assembly,
Panama reaffirms its status as a leader in environmental matters,
as a blue-green country.
This Convention allows for better management of thetransboundary waters that Panama shares with Costa Rica
through the Sixaola River basin and shares this type of borderwith Colombia through a branch of the Jurado River.
Since the present government administration, Panama hasestablished achievements in environmental matters that madeit a leading green-blue country, mainly by increasing marine
protected areas by 30%; the condition of being one of theworld’s carbon negative countries; it has also taken action to curb
deforestation and increased forest cover by 3% throughout thenational territory.
The Cabinet Council also approved the extension until 31
December 2023 of the import tariff on hydraulic cements, that
include unground cements or clinker, including colored cements,
by setting the import duty on these goods at 30%.
The measure is adopted to support the economic reactivationthat the country is experiencing, particularly for the construction
sector, encouraging cement production and consumption.
In addition, with this extension, the Government adopts thenecessary measures to protect the industries, guaranteeing
sources of employment and contributing to the gross domestic
product and the national treasury.

The Panama Ship Registry continues to adapt
its processes for 2023
The Panama Ship Registry continues its leadership position
worldwide, ranking first among the 10 most important merchant
fleets by flag registry and gross tonnage, according to the latest
World Fleet Monitor from the Clarksons Research database.
According to the Clarksons platform, Panama had 16% of theworld’s maritime fleet at the end of December 2022 with 8,650
registered vessels, which represented 245 million GRT.
The international market and the maritime industry continue
to choose the Panama Ship Registry, because it has the supportof an entire nation, being a Government Registry, administeredby the Panama Maritime Authority (AMP), which provides andguarantees to ship owners and their fleets.
In addition, it offers recognized assistance 24/7 services to its
clients, adding to that the legal security, diplomatic and judicial
advocacy differentiates the Panama registry from all others.
It has been serving the world for more than 100 years, withexperience and tradition promoting world maritime trade andfavoring development, where its experience serves as a key toolin providing quality service to its clients.
The Panama Registry has understood the role it is called upon toplay, always seeking to improve in terms of its competitiveness,
adaptability, and international compliance. In fact, Panama
has improved its retention, increasing it to 31% achieving apercentage growth of 3.4% in the year 2022, impacted by a worldcrisis, less construction of ships in primarily Panamanian markets
and not mention a war, which are social and economic factors
directly affecting this particular market.
During the current Administration, international compliancehas been prioritized, digitization together with platform
improvements, customer services oriented business model,
reengineering, modernization of processes, and incentives,
aimed at the use of new technologies, environmentally friendly
fuels, and ships with good conduct. All these actions have had apositive impact on the quality of our fleet, which from 2019 todate reflects a growth of 27.9 million GRT and the entry of 567
more ships, according to IHS Market data, this is in the middle ofthe clear-out process, however, the Panama Registry continues
its path and continues to introduce its required mechanisms inorder to continue to be a service provider to the world.
As part of the Technological Innovation, a significant investment
has been made since the beginning of this Administration, in
the improvements to the existing registration platforms for theregistration of ships and the E-Segumar platform for the issuanceof technical certifications of ships, achieving a friendlier and easierexperience for the user, as well as the new Maritime Processing
System platform and Electronic Ship Registration (REN), a projectplan that should continue during 2023.
Panama demonstrates its commitment to the environment, bypromoting the construction of ‘Eco Friendly’ ships, with its special
incentives for Eco Ship and New Construction, in the same way
we seek to encourage the support and investment of companies,
so that the economic impact that represents the improvement ofships in environmental issues is less and shared among parties ofthe present industry.
The expectations of the Registry are positive for 2023, one of ourpillars is the modification of Law 57 of August 6, 2008 “Generalof Merchant Marine”, which advances steadily through a workgroup made up of various actors of the maritime sector andwhose goal is to collaborate together in the comprehensive
review of the regulations related to the Panama Ship Registry, toincrease its competitiveness.
This review elevated to Country Strategy, seeking onto a clear,transparent legislation foundation, with competitive rates anddiligence in the processes, in this way we will achieve sustainablegrowth activity.
By 2023, the Panama Maritime Authority continues to implement
new technologies in all the operational directorates within theRegistry, in order to continue providing quality in our service aswell as international compliance.

Panama states position of zero tolerance forfishing vessels linked to illegal fishing
Panama’s Ministry of the Presidency has issued Executive Decree
245 of 21 November 22, that orders immediate removal fromthe Panama Ship Registry of vessels for which the Panama
Maritime Authority (AMP)'s Directorate General of MerchantMarine has reasonable grounds to consider they are linked toIllegal, Unregulated and Unreported Fishing activities (IUU), tocomply with Panama's commitments under the United Nations
Convention on the Law of the Sea (UNCLOS).
The measures are:
• Cancellation of vessels for which the Panama Maritime
Authority (AMP)’ s Directorate General of Merchant Marine(DGMM) has reasonable grounds to consider the vessel, its owner,
owner, operator, charterer, charterer, captain, beneficial owner,
or any other natural or legal person related to it, have carriedout illegal, unreported and unregulated fishing activities or havemade a transfer, relationship, association and/or connection withvessels, natural or legal persons related to these illegal activities.
• Annul the International Service Navigation Patent and any
document related to navigation issued by the DGMM.
• Deny any procedure that is in process at the Panama Maritime
Authority and consequently, it will not be possible to request theissuance of any document for such vessels, either during thecancellation process or after their definitive cancellation fromPanama’s Merchant Marine.
• Panama-flagged vessels for which the DGMM of the Panama
Maritime Authority has reasonable grounds to consider they
have incurred in IUU activities, will be cancelled immediately.
• If the vessel subject to cancellation based on this Executive
Decree, has one or more mortgages registered in the Panama
Maritime Authority’s General Directorate of Public Registry of
Ship Ownership, the Directorate General of Merchant Marine(Panama Ship Registry) shall give notice by the means, to proceedwith the cancellation of these.
• The cancellation resolution issued based on this Executive
Decree, shall be immediately notified to the resident agent of
the vessel, owner, owner, owner, operator, charterer, charterer,
master, beneficial owner, or any other natural or legal person
related to the same, by written communication by email, or
any other electronic means, to the physical address, post officebox or email address that appears in the Directorate General of
Merchant Marine.
This mechanism or legal instrument was necessary to strengthen
the performance of the Panama Ship Registry and is in line withthe actions already implemented in relation to due diligence,
purging of the registry, and compliance of the Panamanian fleet,said Rafael Cigarruista, director general of the Merchant Marine.
The Decree explicitly prohibits the following:• The registration in the Merchant Marine of the Republic ofPanama of vessels linked to INDNR.

• SHIP TO SHIP (STS) transfers to or from Panama-flagged
vessels with vessels that have had their registrations cancelled byPanama’s Merchant Marine Directorate for being linked to Illegal,
Unregulated and Unreported Fishing activities (IUU).
• To the owners, operators, charterers, charterers, captains,and crew of Panama- flagged vessels, the carrying out of tradeacts through Panama-flagged vessels and any other transactions,directly or indirectly with vessels, for being linked to Illegal,
Unreported and Unregulated Fishing activities (IUU).
• Panamanian nationals, persons subject to Panamanianjurisdiction and entities incorporated to entities subject toPanamanian jurisdiction, to conduct or support business withvessels that have had their registrations cancelled by the Panama
Maritime Authority (AMP)’s Directorate of Merchant Marine.
The Executive Decree highlights that the Aquatic Resources
Authority of Panama (ARAP) is the State’s governing body toensure compliance and enforcement of national fisheries
and aquaculture laws and policies, and establishes amongits functions, to regulate, promote and implement technicaland administrative measures and processes for the rational,
sustainable and responsible use of aquatic resources.
The ARAP’s Administrator, Ms Flor Torrijos, said the decree isin line with the policy of President Laurentino Cortizo of "zerotolerance for illegal, unreported and unregulated fishing".
"The objective is to clean the registry of those vessels identified
as violators or those belonging to economic groups of vessels
described as INDRN," Ms Torrijos said.
With the enactment of Executive Decree N° 245 of 21 November
2022, the Panamanian Government confirms its commitment tobe a guarantor of the State policy of Zero Tolerance to Unreported
and Unregulated fishing.

Work tour in JapanThe Panama Ship Registry, through its 22 international
technical offices and its 53 consulates worldwide, isvisiting its clients to check upon customers’ satisfactionand express its gratitude for the trust they place in the
Panamanian flag.

The main topics of the visits were flagging, specialized
technical attention, compliance, strengthening,
implementation of constant improvements andattractive proposals of mutual benefit between clientsand the Panama Ship Registry.

The Ambassador of Panama in Japan and Consul Generalin Tokyo, Carlos Pere, together with Eng. Samuel Guevara
head of SEGUMAR Tokyo, visited KYOEI TANKER CO.,LTD., MMS Co., Ltd., IINO KAIUN KAISHA, LTD., NS United
Kaiun Kaisha, Ltd., Inui Global Logistics Co., Ltd., among
others.

Panama remains the leading provider of flag services inJapan with a 46% presence in the country as the Panama
Ship Registry offers important benefits to newly built
vessels with environmentally friendly technology.
The Register is committed to being a strategic ally forshipowners, with global coverage at international level.

Panama and Euronav signed agreement to promote job
opportunities for Panamanian seafarers
The World's first Ship Registry of the World (Panama) and theshipping giant of tankers Euronav Ship Management (Hellas)
Ltd., dedicated to the maritime transport and storage of crudeoil, signed a Memorandum of Understanding (MoU) with the
purpose of promoting opportunities for Panamanian seafarers
aboard Euronav ships.
This MoU will continue to facilitate the promotion of job
opportunities for Panamanian officers, cadets and juniorpersonnel as well as the establishment of specialized maritime
education and training programs for Panamanian seafarers whoneed to work on board the different vessels owned by Euronav
or operated by it, including the recruitment and placement ofofficers, junior personnel, and cadets.
For Panama, the Panama Maritime Authority (AMP) signed
the Agreement, represented by the Director of the General
Directorate of Seafarers (DGGM), Captain Juan Maltez and by
Euronav Ship Management (Hellas) Ltd., the General Manager,
Captain Michail Malliaros, also present was the Ambassador andConsul General of Panama in Greece and appellant in Cyprus,
H.E. Julie Lymberopoulos.
Euronav NV, together with its subsidiaries Euronav Ship
Management SA and Euronav SAS are in charge of carrying out
the management of the fleet that is dedicated to the oceanic
transport and storage of crude oil throughout the world. The
shipping company is positioned as a leader in the provision of thistype of services, thanks to one of the most experienced crews in
the sector, it also offers flotation, storage and unloading (FSO)
services.
This renowned shipping company is pleased with the
Panamanian seafarers who already work on their ships, which
are approximately 200 (between Cadets and Officers) and arerequesting more Panamanian personnel to fill new positions.

In addition to the signing of the MoU, audits were carried out
at Maritime Training Centers (CFM) located in Greece. These
inspections are carried out periodically to monitor the quality ofthe service that was delegated on behalf of the AMP, in searchof continuous improvement. CFMs, which are interested in being
recognized by Panama, were also visited.
The occasion was conducive to direct meetings with importantclients, since the Panama Registry is made up of more than 8,500
ships, with the Greek market representing 7.4%, which needs to
be attended, listened to, and above all, be informed first-handabout the strategies and adjustments that the Panama Maritime
Administration has been carrying out, in addition to attracting
new clients, for which a meeting was held with the owners of the
Libero Group, Libero Group (LG) bringing together Libero Hellenic
Register , Libero Assurance and Libero Services.
The General Manager of EURONAV, Captain Michail Malliaros,
visited the International Maritime University of Panama (UMIP)
and Columbus University, where he was received by their
managers, giving him the opportunity to interact with theteaching staff and cadets, as well learning about its facilities,
simulators, workshops, and training that is given in these housesof higher education.

with just a

Digital Token
MARITIME AUTHORITY

Panama participated in the Liquefied Gas and Alternative Fuels
Senior Executive Forum

Representatives of the Panama Maritime Authority haveparticipated in the 6th Liquefied Gas and Alternative Fuels Senior
Executive Forum organized by the Coast Guard's Liquefied Gas
Carrier National Center of Expertise.
Among the attendees were the United States Coast Guard
personnel, other government agencies and industry experts, who

discussed growth and use of liquefied gases and alternative fuelsin the global maritime industry.
Speakers included Wayne Arguin, Joseph DeCarolis, Amy Beach,and Chris Wiernicki.

Working group makes significant progress on
modifications to General Merchant Marine law

The revision of Law 57 of 6 August 2008 General Merchant Marine,
one of the pillar projects of the Panama Maritime Authority (AMP)
current administration, is progressing steadily through a working
group composed of various stakeholders in the maritime sector
and facilitated by the University of Panama’s Inter-American
School of Social Dialogue and Tripartism (EI-DiSTReC), aiming at
increasing the Panama Ship Registry’s competitiveness.
This review, that has been elevated to ‘Country Strategy’, focus
on a clear and transparent legislation that contributes to thesustainable growth of the activity.
The proposal contemplates a new flag procedure within theframework of competitiveness, compliance and technology thatfacilitates the registration of the vessel. Currently, progress has
been made on the following:- It will be possible to obtain the statutory patent with a unique
number directly without having to obtain a provisional navigation
patent.
- The regulatory navigation patent and the regulatory radio
license for international service vessels will not have an expiry
date, generating a benefit to the client, thus entering the lineof competitiveness within the market. This, except for special
circumstances depending on the type of vessel, a particularvessel, or the interests of Panama.
- The possibility of entering the application for the flagging ofvessels by means of an interested party with sufficient power ofattorney granted by the owner of the vessel is enabled.
- In the regulations related to the judicial sale, the additional
concept of "Public Auction" is included to allow the possibilityof the full cancellation of the vessel, not only in cases of saleordered by a maritime court of justice, but also when the vessel
has been sold at public auction carried out by an administrative
authority.
- The form of notification within the administrative process of the
Directorate General of Merchant Marine is modified to allow ina special way notifications by e-mail, instead of an edict on themural in the Department of Resolutions and Consultations. Thisadjustment within the legal framework streamlines the processes
for clients and for continued compliance as a Registry.

Panama as a State-owned Ship Registry requires international
strategies of competitiveness that contribute to the sustainablegrowth of the activity, according to the international maritime
industry with permanent market analyses to promote theregistration in Panama’s merchant fleet of new vessels andthe retention of the registered tonnage leading to expand theframework for issuing waivers and/or economic proposals as
deemed appropriate.
As part of the strengthening at international level, of legal
certainty- a unique advantage of Panama, it is established that:- Within the change of ownership procedure, it is established theobligation of prior registration of the title deed of the seller ofthe vessel.
- The legal security for mortgagees of vessels registered in Panama
is reinforced, since the ex officio cancellation of the vessel will
not affect the validity of the mortgage previously registered in
the General Directorate of Public Registry of Ship Ownership of
the Panama Maritime Authority (AMP).
The working group is made up of various members of the maritime
sector, unions and public entities such as the Panama Maritime
Law Association (APADEMAR), the National Bar Association(CNA), the National Naval Air Service (SENAN), the Associationof Panama’s shipowners (ARPA), the National Associationof Seafarers (CONAGEMAR), the Panamanian Association ofMarine Officers (APOM), the National Chamber of Fisheries andAquaculture of Panama, the Recognized Organizations (IARO),
the Panama Chamber of Shipping (CMP), the Aquatic Resources
Authority (ARAP), the Ministry of Foreign Affairs (MIRE), thePublic Registry of Panama (RPP) and the Judiciary through the
Maritime Courts.
On behalf of the AMP, participate the Directorate General of
Merchant Marine (DGMM), the Directorate General of Public
Registry of Ship Ownership (DGRPPN), the Directorate General of
Seafarers (DGGM), the Directorate General of Ports and Auxiliary
Maritime Industries (DGPIMA), the Legal Advice Office, theDirectorate of Finance, among others.
The EI-DiSTReC of the University of Panama, an academic andscientific body specialized in the promotion of social dialogue,
Tripartism and conflict resolution, has acted as a facilitator of thisnational dialogue.

Merchant Marine Circulars - December 2022
Title
Instructions for Payments to CSR and ISSC.

Number
MMC-337

UpdateDecember 2022

Authorized Private Maritime Security Companies (PMSC) transiting High Risk Areas(Online application).

MMC-245

December 2022

Listof Approved P&I Club/Insurers.Marine
Merchant

December 2022
Circulars - MMC-202
Julio 2022

PANAMA, Panamá

segumar.headoffice@segumar.com

PANAMA, Panamá

redinaves@amp.gob.pa / certification@amp.gob.pa

TOKIO, Japón

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PIREOS, Grecia

segumarpg@segumar.com / ampgreece@amp.gob.pa

SINGAPÚR, Singapúr

segumar.sg@segumar.com

MIAMI, EEUU

segumar.miami@segumar.com / redinaves@amp.gob.pa

SEÚL, Corea del Sur

segumarseoul@segumar.com / regionalofficeseoul@amp.gob.paBUSÁN, Corea del Sur

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ESTAMBUL, Turquía

segumarist@segumar.com

IMABARI, Japón

segumar.imabari@segumar.com

LONDRES, Reino Unido

segumar.uk@segumar.com / amplondon@amp.gob.pa

DUBAI, EAU

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MANILA, Filipinas

segumar.manila@segumar.com / infoampmanila@amp.gob.pa

HOUSTON-TX,EEUU

offshore@segumar.com

SHANGHAI, R. P. de China

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HONG KONG, R.P. de China hongkong@segumar.com
MUMBAI, India

ord.mumbai@amp.gob.pa