PANAMA RATIFIES THE INSTRUMENT OF ACCESSION TO NAIROBI CONVENTION

Mr. Arsenio Domínguez, Panama’s ambassador to the International Maritime Organization, deposited the Instrument of Accession of the Republic of Panama to Nairobi International Convention on the Removal of Wrecks (2017) with the Secretary General of IMO, Mr. Koji Sekimizu.

By doing so, Panama becomes the 24th signatory state of this Convention. The convention came into force on April 14, 2015.  The signing of the convention reaffirms the commitment of the Panama Maritime Authority with a continuous quality improvement of the maritime services that our country offers, both at a local and an international level. In this regard, it is important to point out that the application of this legal instrument will come into force from November 18, 2015.

This measure shows clearly the concern of the Panamanian Registry, the biggest in the world, to maintain the security of navigation as well as to safeguard and preserve the marine environment

On this occasion, the Republic of Panama also delivered its Declaration to include the application of this convention in its territorial waters. This action is particularly important, given the large number of maritime and port activities that take place in our country and their continuous growth. Furthermore, the signing of this convention ensures the protection of Panama’s inland waters, the quality of the service that Panama offers to the world and the maintaining of the Panama Canal’s security and operability.

The convention, adopted in 2007, is a pragmatic tool, which offers solutions of a financial nature and as well as on topics regarding the registries. It fills a legal gap by providing international regulations that ensure the prompt and effective removal of wrecks beyond the territorial waters of the Member States. The convention also considers regulations that apply to their territorial waters.