PANAMANIAN MARITIME AUTHORITY

Note No.106-01-16-DGMM

Pursuant to the reports of the different Port States that comprise Paris MOU, the detentions of the vessels in

panama’s registry have increased in comparison to previous years, Panamanian Maritime Authority will proceed

to cancel from the Panamanian Registry those vessels that present numerous detentions within a period of one

year in order that the position as the first registry worldwide can be maintained.