Digital regulations adds Panama product

Regs4ships says it feels justified in making this investment, since the Panamanian flag is making massive improvements, with the ambition of entering the Paris MOU white list. It has already seen a return on the work undertaken to date to drive down detention rates, returning to the grey list in 2010, after its slip in 2008 to the black list. Attaining a detention rate of 3.18% for 11 months of 2010 (well below the required 4.5%) the Panama Maritime Authority (AMP) seems, the company says, well on the way to achieving its goal. These improvements sit well with the Panamanian product, a combination of documents carried for mandatory compliance with the flag of registry and those best practice guides written to impart the collective knowledge of the maritime industry.

The Panamanian product offers:

• · Panama Maritime Laws, Resolutions, Marine Notices, Merchant Marine Circulars and Forms;
• · Fully amended digital SOLAS, MARPOL and STCW;
• · Guidance and best practice from a complete archive of UK M Notices.

Features include:

• · linking between related documents;
• · Comprehensive search engine and subject indexes;
• · Keyword indexes;
• · Instant worldwide access via Internet or DVD-ROM;
• · Fast, accurate and complete documents;
• · Subscribers receive monthly e-mail updates on changes in legislation.

David Clayden, sales and marketing manager said; “We are extremely happy to be able to offer the new Panama digital regulations to new and existing customers. The creation of a regulatory product for vessels belonging to the Panama Flag Registry has long been an objective of Regs4ships. We recognised that the Panamanian Registry has consistently maintained its status as the largest flag of registration, currently possessing a massive 22.6% of the world fleet by DWT, far ahead of its nearest competitors Liberia 11.1%, the Marshall Islands 6.1% and Hong Kong 5.8%. All of which are already provided for with Digital Maritime Regulation products.”

The company adds: “We believe that in an industry that relies so heavily on quality standards every assistance available to the office, bridge or engineering team is warranted. The confidence of operating to international standards can only help the safe, efficient and effective operation of a successful shipping company.”