The Panama Maritime Authority (PMA) has implemented an additional safeguard called Precheck, a screening process that aims to ensure only compliant vessels join the Panama Ship Registry. The Precheck process involves a thorough risk assessment of various aspects related to the vessel, its owner, operator, and/or charterer before applying for the entry into the Panama Ship Registry to ensure that the vessel meets the international standards regarding safety, environmental protection, crew welfare, and to promote cooperation and best practices in the maritime industry.
According to the PMA, a key benefit of Precheck is its ability to prevent “flag-hopping”, a practice where vessels jump from one registry to another to avoid compliance, evade sanctions, or engage in illicit activities. Continue reading “Panama implements new Precheck for vessels joining its registry”
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