HEAVY EQUIPMENT – PANAMA

AUCTION REGISRATION
AUCTION REGISTRATIONS ARE OPEN EVEN IF AUCTION IS ONGOING

CONDITION OF AUCTION SALES
ALL LOTS TO BE SOLD SUBJECT TO CONFIRMATION TO HIGHEST BIDDER

DOCUMENTATION
ALL REQUIRED DOCUMENTS FOR THIS AUCTION CAN BE FOUND ON OUR BIDDING PLATFORM OR ON OUR WEBSITE (AT THE BOTTOM OF THIS PAGE)

LOCATION
ALL LOTS ARE LOCATED IN PANAMA

WHATSAPP LINE
PANAMA – (+507) 6889-8047

REGISTRATION DEPOSITS AND CURRENCY
ACCEPTED CURRENCY – USD
REGISTRATION DEPOSIT – $500
ALL DUE DILIGENCE DOCUMENTS MUST BE SUBMITTED ALONG WITH REGISTRATION FORM AND PROOF OF DEPOSIT PAYMENT TO auctions@panabid.com

BUYER’S PREMIUM
10% BUYER’S PREMIUM CHARGED ON ALL LOTS SOLD

SALES TAX AND OTHER EXPENSES
TAKE NOTE THAT VALUE ADDED TAX (SALES TAX) IS CHARGED ON THE 10% BUYER’S PREMIUM AND ON THE PURCHASE PRICE OF AN ASSET
7% VALUE ADDED TAX (SALES TAX) ON SOLD PRICE (PURCHASE PRICE) APPLICABLE FOR BUYERS IN PANAMA
7% VALUE ADDED TAX (SALES TAX) ON 10% BUYER’S PREMIUM APPLICABLE FOR BUYERS IN PANAMA
$250 CHARGE ONLY FOR LOTS WITH REGISTRATION DOCUMENTATION
VALUE ADDED TAX (SALES TAX) REFUNDABLE FOR EXPORTS ONLY (INTERNATIONAL BUYERS)

VIEWING CONTACT INFORMATION
PANABID OFFICE - (+507) 6889-8047
GERALD PEÑA – (+507) 6692-2636

VIEWING INSTRUCTIONS
LOT 3 TO LOT 5 LOCATED IN LAS CUMBRES:
VIEWINGS PERMITTED BY PRIOR APPOINTMENT ONLY
PPE NOT REQUIRED FOR VIEWINGS
LOT 9 TO LOT 11 LOCATED IN PANAMA PACIFICO:
VIEWINGS PERMITTED BY PRIOR APPOINTMENT ONLY
PPE NOT REQUIRED FOR VIEWINGS

ASSET COLLECTION
ALL ASSET REMOVAL COSTS ARE AT BUYER’S OWN EXPENSE
CRANE FACILITIES ARE AVAILABLE FOR HIRE, DETAILS CAN BE SUPPLIED IF REQUESTED
TRANSPORT SERVICES AVAILABLE FOR HIRE, DETAILS CAN BE SUPPLIED IF REQUESTED

INVOICING AND PAYMENTS
ALL INVOICING WILL BE DONE ON CONFIRMATION OF ASSETS
INVOICES WILL BE SENT VIA EMAIL TO SUCCESSFUL BUYERS
ALL PAYMENTS CAN ONLY BE MADE VIA WIRED/ELECTRONIC BANK TRANSFERS

RELEASE OF ASSETS
ASSETS WILL ONLY BE RELEASED TO BUYERS ONCE FULL PAYMENT FOR ASSETS HAVE BEEN MADE AND CONFRIMED TO HAVE REFLECTED IN THE NOMINATED BANK ACCOUNT OF PANABID