Due to the inter-oceanic Canal and its major ports on the Atlantic and Pacific coasts, is an essential transit route for a large part of the world’s merchant fleet, this together with the existence of two specialized Maritime Courts, makes Panama one of the most effective and least expensive jurisdictions to litigate maritime claims, even for claims with no relation with the Republic of Panama as the jurisdiction in these cases is acquired by virtue of the vessel’s arrest (Forum Arresti). This procedure is straightforward and can be executed 24 hours a day 365 days a year.