What are the costs involved in arresting a ship in Panama, including Court fees, Lawyers fees and fees of the Marshal?
R. The petition for the arrest of the vessel must be presented by the plaintiff accompanied by security of US$1,000.00, in order to respond for the damages, caused by such arrest, and shall consign to the order of the Marshal of the Maritime Court, an amount of US$2,500.00 as an advance for the expenses which may be brought about in the conservation and custody of the vessel. The aforesaid guarantee of US$1,000.00 is in the event that the arrest of the vessel is directed to seek execution of Maritime liens against the vessel, freight and cargo as well as in the event the arrest is utilized by the plaintiff to procure jurisdiction. However, if the arrest of the vessel is interposed as a purely precautionary action to keep the proceedings from having illusory effects and keep the defendant from transposing, dissipating, encumbering, alienating or impairing the vessel, then the plaintiff shall have to deposit a guarantee that the Court shall prudently indicate, and that will not be less t
