REVISTA APADEMAR 40° ANIVERSARIO Revista Apademar-Web (1) | Page 12

A S O C I A C I Ó N PA N A M E Ñ A D E D E R E C H O M A R Í T I M O APADEMAR 12 Asociación Panameña de Derecho Marítimo HONRAR, HONRA… Desde su fundación, la Asociación Panameña de Derecho Marítimo ha tenido más de 30 Juntas Directivas ininterrumpidas, presididas por las destacadas personalidades que aquí presentamos en orden cronològico. A cada una de ellas le correspon- dió trabajar con diferentes gobiernos. Desde la presidencia de Demetrio Lakas hasta la actual administración, la APADEMAR ha sido consistente JOSE ÁNGEL NORIEGA AROSEMENA, NORIEGA & CONTRERAS (1979 – 1981) (1981-1983) con su aporte en la creación, actua- lización y mejoramiento de leyes relacionadas a la industria marítima, su desarrollo y competitividad. Des- de esta tribuna, honramos la memo- ria de los presidentes que ya no nos acompañan y aplaudimos a cada uno de los que dieron su tiempo y experiencia profesional a la conso- lidación y crecimiento de nuestra asociación. ❱❱ BRETT ROYSTON PATTON PATTON, MORENO & ASVAT (1983 – 1985) JOEL MEDINA ICAZA, GONZÁLEZ- RUIZ & ALEMÁN (1985 – 1988) Asociación Panameña de Derecho Marítimo A S O C I A C I Ó N PA N A M E Ñ A D E D E R E C H O M A R Í T I M O Incentives and other advantages Since its foundation, the Panamanian Maritime Law Association has had more than 30 uninterrupted Boards of Directors, chaired by the outstanding personalities presented here in chronological order. Each of them is responsible for working with different governments. From the presidency of Demetrio Lakas to the current administration, APADEMAR has been consistent with its contribution in the creation, updating and improvement of laws related to the maritime industry, its development and competitiveness. From this platform, we honor the memory of the presidents who no longer accompany us and applaud each of those who gave their time and professional experience to consolidate our association. EDUARDO DE ALBA ARIAS, FÁBREGA & FÁBREGA (1988 – 1990) APADEMAR 13 DÁMASO ANTONIO DÍAZ LACAYO & ASOCIADOS (1990-1992) (1993-1994) ROGELIO DE LA GUARDIA ARIAS, FÁBREGA & FÁBREGA (1992-1993) for the registration of new Built Vessels under Panama Flag By Ricardo Eskildsen Senior Partner of Eskildsen & Eskildsen/Attorneys at Law Law No. 25 of 2002, promoted the registry under Panama Flag of new Built Vessels by introducing Tax incentives for new built vessels under the same owner or group. With it, the average Age of Vessels registered under the Flag evolved and today the average age of construction of Vessels, under Panama Flag is of 15 years old. The increase of new tonnage with the flagging of new built vessels, also lead to the upgrade of the Panama fleet, cutting with this strategy, the substandard vessel traditional issue, from the media. Six years after the enactment of the aforesaid Law, Panama enacted Law No. 75 of 2008 another important legislation, still in force. This Law has allowed the Merchant Marine of Panama to continue offering Tax incentives, on annual basis, to Ship Owners which represent fleets or economic groups, proving loyalty to the Registry. Nowadays the Panama Registry as an International Registry has ratified Treaties which promotes Safety, Security and controls Pollution. In this order of ideas, the Registry offers discounts or benefits to Ship Owners based on considerations such group of Vessels and the commitment with the reduction of greenhouse emissions to prevent air and sea pollution. Another element to keep the Panama Flag registry number one in numbers of Vessels and Tonnage, is the fact that the Panama Maritime Authority has welcomed the use of electronic certificates on board in accordance to the Guidelines, adopted by the International Maritime Organization with the implementation of the E- Segumar Application platform, which allows Ship Owners and Managers to apply online for most of their technical certificates. This translates into a reduction in costs and time. Further to the above, it is important to note that Law 27 of 2014, eliminated the requirement of translation into Spanish of the English Mortgage Agreement. Today, parties may record, through their Attorneys, an extract in Spanish of the Mortgage expressing the essential requirements and may or may not include the English Mortgage in the Notarial Deed for Public Registration. In any case, the original English Mortgage Agreement will remain at the Notary. This translates into the possibility for the parties to keep confidentiality on their financing details and since the translation costs of the Mortgage Agreement has been eliminated, there is a reduction on the Operation costs. More recently the enactment of Law N° 50 of 2017 which creates a legal regime of incentives for Maritime Financing Entities, Maritime Projects and other provisions, also included exemptions and deductions that make the Panama Registry effective. ❱❱ A global player, with trusted professionals, ready to resolve maritime issues. ENRIQUE DE ALBA MORGAN & MORGAN ( 1994-1996) VICTORIA EUGENIA MYERS ANORCO AROSEMENA, NORIEGA & CONTRERAS (1996-1998) TEODORO FOTTYS FRANCO FRANCO & FRANCO (1998-2000) JUAN FELIPE PITTY PITTY LEGAL BUREAU (2000-2002) (2002-2004) TOMÁS AVILA AVILA & CO. (2004 – 2006) (2006 – 2008) JUAN DAVID MORGAN JR. MORGAN & MORGAN (2008 – 2009) Nort America Asia Europe Antartic Ocean Celebrating 40 years anniversary MARÍA DE LOURDES MARENGO PATTON, MORENO & ASVAT (2009 – 2010) ALBERTO LÓPEZ TOM DE CASTRO & ROBLES (2010 - 2011) JAZMINA ROVI MORGAN & MORGAN (2011 – 2012) (2012 – 2013) (2019 - 2020) IRIA BARRANCOS AMYA ABOGADOS (2013 – 2014) (2014 – 2015) BELISARIO PORRAS PATTON, MORENO & ASVAT (2015-2016) (2016-2017) FRANCISCO LINARES MORGAN & MORGAN (2017 – 2018) (2018-2019) Pacific Ocean Legal experts with 4 decades of practice, related to: • Management of Merchant Marine Services, • Ship Registration, Ship Finance and Legal Opinions. • Mortgage registration and procedural advise, • Offshore and domestic Corporations, • Foundations of Private Interest. EUROPE | NORTH AMERICA | FAR EAST South America ESKILDSEN & ESKILDSEN Boulevard Costa del Este and Avenida la Rotonda, Torre (Banco) Panamá, 15 Floor, Costa del Este P.O. Box 832-1613, World Trade Center, Panama City Republic of Panama Phone: + 507-271-2182 Fax: + 507-271-9747 URL: http://www.eskildsenattorneys.com