{"id":23106,"date":"2018-05-07T16:35:04","date_gmt":"2018-05-07T21:35:04","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=23106"},"modified":"2018-05-07T16:35:04","modified_gmt":"2018-05-07T21:35:04","slug":"panama-china-maritime-treaty-enter-force","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-china-maritime-treaty-enter-force\/","title":{"rendered":"Panama – China maritime treaty to enter into force"},"content":{"rendered":"

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The treaty signed by Panama and China last year on maritime transport will enter into force on 17 May. The agreement \u00a0will\u00a0promote\u00a0maritime and port development of Panama and China, strengthen\u00a0the\u00a0Ship Registry and support the Chinese Maritime Authority in the maritime safety issues of Panama-flaggedvessels sailing in its waters.<\/p>\n<\/div>\n

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Last November, Panama and the People\u2019s Republic of China signed an agreement on maritime transport in Beijing \u00a0in presence of China\u2019s President Xi Jiping and Panama\u2019s president Juan Carlos Varela during the first Panamanian official visit to China, after having established diplomatic relations between the two countries in June 2017<\/p>\n

Panama\u2019s Minister of Maritime Affairs Jorge Barakat and China\u2019s Minister of Transport Li Xiaopeng put their signature on the accord which marked a milestone in the maritime relations of both countries.<\/p>\n

After May 17, Panama Ship registry will receive \u201cthe Most Favoured Nation\u201d treatment and the Panama-flagged vessels will enjoy the advantages and lower port costs applicable to other States which have similar agreements with China. The agreement includes transfer of knowledge and technical control of ships\u2019 documentation and crews on board of Panamanian vessels.<\/p>\n

Read More: Panama and China sign accord on maritime transport<\/a><\/em><\/strong><\/p>\n

Minister Jorge Barakat was in Shanghai in April for the opening of the Consulate of Merchant Marine in Shanghai which has the category of Private Merchant Marine and will serve as a technical liaison between the Panamanian administration and China’s Maritime Security Authority will ensure compliance with all safety regulations on vessels flying the Panamanian flag. \u201cIt is the beginning of a prosperous and very productive era for the relations between our two countries,\u201d said Barakat.<\/p>\n

The Segumar\u00a0Shanghai Office was also opened to offer its services mainly to the flag customers that are in the important and growing market of Asia. Segumar office \u2018s main function is to enforce the technical standards established in the International Agreements, ratified by the Republic of Panama, as well as national legislation, regarding safety of human life at sea and prevention of pollution by ships.<\/p>\n

It will also offer technical-nautical consultancy, assistance in cases of emergency, issuance of certificates and technical documents that are required on board Panamanian flag vessels, which are issued exclusively by the administration, as well as other services required by shipowners or captains.\u00a0\u00a0Currently the Panama Ship Registry has 14 Segumar offices around the world.<\/p>\n\n

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    The treaty signed by Panama and China last year on maritime transport will enter into force on 17<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10,12,247,241,39,248,34,33,62,42,219,11,249,243,7,246,244,44],"class_list":["post-23106","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-bocas-del-toro","tag-boquete","tag-boquete-boca-chica-real-estate","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"\nPanama - China maritime treaty to enter into force - Blog and 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