Foreign registered vessels may obtain parallel or dual registration at PISR as a second Registry under the terms of a bareboat charter party. It is necessary that the First Registry grants its consent in writing. Upon submission of an authenticated copy of the bareboat charter party and the consent from the First Registry, the PISR will issue a Certificate of Registry and ship station license valid for up to two years.
    Also, a vessel registered at PISR may obtain a parallel registration in another country’s registry based on a bareboat charter party. For this purpose, the applicant shall submit an application giving full details of the bareboat charter party. During the term of this registration, all annual fees and taxes applicable must be paid to the Palau Registry. Its title and any mortgages, liens or encumbrances thereon shall be recorded at PISR.