Discounted Registration Fees for Fleets


A fleet of ships between 5 to 15 vessels will receive a 20% discount on Panama’s ship registration. Fleets having 16 to 50 vessels will receive a 35% discount.  Fleets over 50 vessels receive a 60% discount.

Discount Amount

Less than 30,000 GT

  • 50% discount on registration fees
  • 30% discount on annual taxes for 3 years
  • 50% discount on annual consular fee for 3 years

30,000 GT or more but less than 100,000 GT

  • 50% discount on registration fees
  • 40% discount on annual taxes for 3 years
  • 50% discount on annual consular fee for 3 years

100,000 GT or more

  • 50% discount on registration fees
  • 50% discount on annual taxes for 3 years
  • 50% discount on annual consular fee for 3 years

Newly Built Vessel Discount

When is a Vessel Newly Built?

The vessel will be deemed to be newly built if she requests registration under Panama flag not later than 12 months following her delivery from the Builder to the Owner, regardless of whether or not during said period of time the vessel had been registered under another flag or under a Special Three Months Registry in Panama.

Loyalty Discount

If the vessel to be registered belongs to a group with:

The application for discount must be made before vessel registration under Panama flag.

  • 5 to 15 Panama flag vessels: 20% discount on registration fees, annual tax and annual consular fee for 1 year.
  • 16 to 50 Panama flag vessels: 35% discount on registration fees, annual tax and annual consular fee for 1 year.
  • 51 or more Panama flag vessels: 60% discount on registration fees, annual tax and annual consular fee for 1 year.

When Applicable?

When the vessel to be registered under Panama flag:

  • Belongs to an economic group that already has 5 or more vessels under Panama flag; and,
  • Is not entitled to a higher discount under the GMML.

An economic group exists when:

  • The ship owners of the vessels registered/ to be registered under Panama flag are:
  • Subsidiaries of a same company; or,
  • Affiliated amongst them because they are owned or subject to the administrative control of a same company.

The Application must be made before vessel registration under Panama Flag.

Fleet Discount, Discount Amount

  • Total GT less than 30,000: 25% discounts on registration fees, annual tax and annual consular fee for 1 year.
  • Total GT 30,000 or more but less than 100,000: 40% discount on registration fees, annual tax and annual consular fee for 1 year.
  • Total GT equal to 100,000 or more: 60% discount on registration fees, annual tax and annual consular fee for 1 year.

Special Rules

  • All vessels within the group must be registered within a same calendar year (not later than 31 Dec).
  • Replacement and addition of vessels within a group with a Discount Resolution is allowed.
  • Failure to register the vessels will result on PMA demanding payment of full registration fees, annual taxes and annual consular fee for each vessel that did register under Panama flag.

When to apply for the discount?

The application for discount must be made before registration of the 1st vessel of the group under Panama flag.

All vessels included in the Discount Resolution must be registered under Panama flag by 31 Dec of the year when the first vessel is registered.

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