International Shipping Bureau (Panama) Integrated Solutions and Services to the International Maritime Community. Central & South America office Gerente General: Gabriel Fernandez

Address: 50th Street, Global Bank Tower Bldg. 20th floor, Suite E
Telelephone: +507 213 2260
Fax: +507 213 2264
Email: panama@isbship.com
isbshipa@cwpanama.net
Web: www.isbship.com

MAIN SERVICES

• Ship Registrations
• Class and Statutory Certification
• Offshore Companies
• Accounting Authority Services
• Surveys
• Crew Endorsements
• ISM Consulting and Certification
• ISPS Code Documentation

For the Flags of:
Panama - St Kitts & Nevis – Sierra Leone - Belize - Honduras - Bolivia - Cambodia - Georgia

Branches in:
ISB (HELLAS) ¨ ISB (CYPRUS) ¨ ISB (DUBAI) ¨ ISB (MOSCOW)ISB (SYRIA) ¨ ISB (EGYPT) ¨ IRS (NEW ORLEANS

ISB Syria
Address: Alcornish A lbahir Street Tec Tak Building
Telephone : +963-43-215601
Fax: + 963-43-215601
POB :108 Tartous

ISB Dubai
Address: 69 Rigga Street, Suite 202 Royal Paza Bldg.
Telephone : + 971-42694878
Fax: + 971-42694397
P.O.B: 14751 United Arab Emirates

ISB Moscow
Address: Sadovnicheskaya street 75, Off. 204-205
Telephone: + 7-095-785-0425
Fax:+ 7-095-785-0426
P.O.B: 103035, Russia

ISB Hellas
Address: 10 A Ampatielou Street, 185 36 Piraeus
Telephone: + 302104293837
Fax: + 30-210-4293502
P.O.B: 18536 Grece

ISB Egypt
Address: 23 Fawzi Mouaz Street, Samouha Office # 4 ist floor
Telephone: + 2011118161
P.O.B Alexandria

ISB (CYPRUS) LTD
Address: 37 Gladstonos St., Taitou Court, off. 202,3032, Limasol
Telephone:+ 357 (25) 747-718
Fax:+ 357-25747894
P.O.D :7401Limassol

Registration Enquiries: registrationpanama@isbship.com
Survey Enquires: surveypanamaa@isbship.com
General Enquires: panama@isbship.com
Web site: www.isbship.com

With an excellent strategic location, Panama is founded in a privilege place in the word for the maritime traffic. Its recent history built and improved the path that unites the Atlantic Ocean and the Pacific, the two most important routes for the world commerce.

As Marine Consultants, INTERNATIONAL SHIPPING BUREAU (ISB) was founded in 1986 and specializes in advising and administering ship owners, agents, shipbuilders, offshore rig operators, marine bankers, marine insurance underwriters, and shipping attorneys on such matters as:

• Ship Registrations
• Registration/de-Registration of naval mortgages
• Payment of annual taxes
• Radio accounting authorities
• Class, Load Line and SOLAS
• Bareboat/Dual Registry
• Seafarers Licenses
• Full Vessel Investigations
• Tonnage Calculations
• Caribbean Code Consulting & Certification Service
• ISM Consulting & Certification Service
• Offshore Company Formation
• Marine Insurance (Hull & Machinery, P & I Clubs)
• Ship Management Services

These services can be administrated through our many global offices and many of the services can also be facilitated through our local representation which extends to over 140 countries around the world

The main offices are in Panama, St Kitts & Nevis, Sierra Leone, Belize, Honduras, Bolivia, Cambodia, and Georgia.

The Panama Register is the largest and one of the oldest of the open ship registers of the World, originally established in 1925. By late 1995, official statistics indicated 13,717 ships registered of 111.2 Million gross tons. Of these, 6,014 are cargo ships, 2,165 are leisure yachts, 1,345 tankers, 858 fishing boats and 651 trawlers.

This places Panama as the leading open register ahead of Liberia, Cyprus and Bahamas. These ships are owned mainly by Japanese (60% of the ships) and Greek (30%) interests. 60% of new buildings around the world are entering the Panamanian Registry. Just during early 1997, 220 new buildings were registered.

Vessel Registration

The enrolment consists of two stages: provisional and permanent. ISB Panama assists in processing the initial paperwork with our in house Panamanian legal team.

The temporary documentation including a provisional Certificate of Registration (also known as “Patente”), valid for 6 months and a provisional Radio License, valid for 3 months will be necessary. The procedure is straightforward and is usually completed within the same day, as soon as registration fees and first year's annual charges are paid to us.

Supporting Documents

After the preliminary data about the vessel and the parties is collected the following original documents must be filed at the time of registration.

Please note that all documents must be notarized. The notary's signature must, in turn, be authenticated and this process can take different forms:

• Power of Attorney: the Ship owner must appoint a practicing Panamanian lawyer (ISB Panama) as legal representative of the vessel.
• Corporate Resolution: If a corporation submits the registration application, the authority of its representative must be clearly established.
• Deletion or Cancellation Certificate: (Does not apply to new vessels). Issued by the authority of the former country of registration, this document indicates that the vessel is no longer registered under their flag and that it is free from mortgages or encumbrances.
• Title of Ownership (two copies): Bill of Sale, or Builder’s Certificate in the case of a new vessel.
• Acceptance of Sale: the buyer must state his approval of the sale transaction.
• International Tonnage Certificate, or Certificate of Admeasurements. Certified by the surveying company, does not need to be notarized.

The Policy of ISB Group is

• To Achieve complete customer satisfaction by providing prompt, reliable, and efficient services to our customers
• To Sustain and improve our reputation in the market by carrying out our work with the highest degree of professionalism and in accordance with the industry standards. Each member of our staff is thoroughly proficient in their work and highly motivated in order to achieve the objectives of the company.
• In order to effectively implement the `policy, the following objective have been set and are being implemented