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Colon Free Zone

 
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FEES & COSTS FOR WAREHOUSING AND FORWARDING SERVICES FROM THE COLON FREE ZONE

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Summary of Services

Our services consist of storage in ventilated warehouses, classification of the merchandise upon arrival, inventory registration and maintenance of the products by lots/manufacture dates in our computer, lot picking according to their manufacture dates, packaging, procurement of shipping documents, shipment of documents to the distributor, issuance of inventory and movement reports.

We are capable of offering additional special services such as customized reports for your specific necessities and interconnectivity with computers in Panamá and abroad. Our company dditionally offers space within our installations in order to facilitate the on site coordination of activities.

Our service is characterized by the continuous interaction with the client and the distributors in order to streamline the information flow and quickly resolve any possible circumstances that could hinder the supply of the products to the markets.

The services rendered are charged on the basis of a commission on the invoiced value to the distributor, negotiable according to total invoicing volume.

The communication expenses (faxes, courier, long distance calls, mail and e-mail) are not included. Also not included are expenses related to the cartage of goods from port/airport to our warehouses and vice-versa; repackaging materials and labor (stamping, labeling or ink- jet printing); insurance of storage and transportation; consular expenses.

Rates of other expenses

The services that are not included in the commission are charged on the following basis:

Forms of Entry/Exit to the Colon Free Zone* USD 7.00 ea. form
Manual Labor for repackaging and re-labellings USD 2.25 per hour
Cartage of shipments to/from port USD 80.00 20'Ctner
  USD 160.00 40' Ctner
  USD 0.085 Per Kg
   
Storage Insurance (based on declared value):
Includes: Fire, windstorm, earthquake, Sabotage, looting, civil unrest
USD 0.06% Monthly
   

Transportation Insurance

 
Air/Sea USD 0.40%
Land USD (K65%
Container from/to Panama USD 0.30%

*Compulsory Expenses. The client can contract all other expenses.

The consular expenses fluctuate according to the value of the invoice; the countries that at this moment require legalization are Nicaragua , Guatemala and Dominican Republic . These expenses have a minimum fee of USD 10.00 and a maximum of USD 140.00.

The expenses for communication depend on the method chosen and the countries to be contacted.

The total warehousing capacity is 16,000 square meters, equipped with modem tools in order to offer quality service more in accordance with the current market necessities.

Additionally, our alliance partner also has a warehouse in the airport of Tocumen to support the deliveries and receipts of shipments at the terminal.

For more information, please contact us at

BusinessPanama Group
Plaza 2000 Tower, 10th Floor
50th Avenue
Panama City
Tel (+507) 223-6788
Fax (+507) 263-2460
info@businesspanama.com

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