Panama has signed the Beijing Convention, an important agreement concerning the international effects of judicial sales of vessels. This agreement is relevant in the maritime field and seeks to regulate commercial transactions related to the acquisition of vessels legally and fairly.
Panama's signing of this convention represents a significant step in strengthening its legal framework in the naval sector. By establishing clear and precise standards, this agreement will help facilitate the international buying and selling operations of vessels, promoting transparency and legal security in such transactions.
"The signing of the Beijing Convention is a commitment from Panama to the international maritime community to promote safer and more efficient business practices in the naval sector," highlighted a government official. This agreement reflects the country's interest in continuing to strengthen its position as one of the main actors in the global maritime arena.
