ONLINE AUCTION OF CONSTRUCTION EQUIPMENT DE-FLEET – PANAMA

BIDDER’S ACCOUNT
⤷ TAKE NOTE THAT AN ONLINE BIDDER’S ACCOUNT HAS TO BE CREATED, AND THEN AFTERWARDS YOU SHOULD OPT IN TO REGISTER FOR THE AUCTION AS WELL

REGISTRATION
⤷ AUCTION REGISTRATIONS ARE OPEN EVEN IF AUCTION IS ONGOING

LOT LOCATION
⤷ ALL LOTS ARE LOCATED IN PANAMA CITY, PA

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

WHATSAPP LINE
⤷ PANAMÁ – (+507) 6889-8047

CURRENCY
⤷ ACCEPTED CURRENCY – USD ONLY

BUYER’S PREMIUM
⤷ BUYERS IN PANAMA – 10% BUYER’S PREMIUM APPLICABLE
⤷ INTERNATIONAL BUYERS – 12% BUYER’S PREMIUM APPLICABLE

TAXES AND OTHER EXPENSES
⤷ TAKE NOTE THAT VALUE ADDED TAX (SALES TAX) IS CHARGED ON THE APPLICABLE BUYER’S PREMIUM AND ON THE SOLD PRICE (PURCHASE PRICE) OF A LOT
⤷ 7% VALUE ADDED TAX (SALES TAX) TO BE CHARGED ON THE SOLD PRICE (PURCHASE PRICE) APPLICABLE
⤷ 7% VALUE ADDED TAX (SALES TAX) TO BE CHARGED ON THE APPLICABLE BUYER’S PREMIUM
⤷ VALUE ADDED TAX (SALES TAX) RECLAIMABLE FOR SOME EXPORTS (INTERNATIONAL BUYERS) – DEPENDABLE ON EXPORT COUNTRY

ON -SITE VIEWING CONTACT INFORMATION
⤷ OFICINA PANABID – (+507) 6889-8047
⤷ GERALD PEÑA – (+507) 6692-2636

ON-SITE VIEWING INSTRUCTIONS
⤷ 27 TO 29 OCTOBER 2025 – BETWEEN 09:00 TO 15:00
⤷ PPE NOT REQUIRED FOR ON-SITE VIEWINGS

ASSET COLLECTION
⤷ ALL ASSET REMOVAL COSTS ARE AT BUYER’S OWN EXPENSE
⤷ ASSISTANCE WILL BE PROVIDED ON-SITE WITH LOADING OF ASSETS ONTO TRANSPORT VEHICLES
⤷ 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 AFRICA OR PANABID