News

Announcements and Updates

Most Favoured Nation Status for Panama Flag Vessels in the PRC

We are pleased to confirm that the Agreement entered into by the Republic of Panama (Panama) and the People’s Republic of China (PRC) whereby Panama flag vessels will receive the status of most favoured nation when arriving in the PRC, will enter into effect on 17 May 2018.  As a result of this Agreement, Panama flag vessels will receive the discounted port dues rates when calling on any port in the PRC as well as the other benefits granted by this status.

 

The entrance in force of this Agreement represents the beginning of a new era in commercial relations between Panama and the PRC and provides considerable advantages for registering vessels in Panama which will trade to the PRC.

 

Juan Ramirez