Press release
VAT exemption in Piraeus Free Zone is now reality!
Trans-it once again takes the lead, in renewing logistics industry opportunities and has the pleasure to reveal their latest addition!
COSCO and Trans-it joins forces to offer Greek ship owners a unique service. An inte- grated process in combination with new legislation make it possible for ship owners to move ship spares out of Greece with out the time consuming and cash flow limita- tions from earlier days.
For spare parts delivered into the Piraeus Free Zone ship owners will no longer be in- voiced VAT. Ship owners must be approved by COSCO to be able to utilise this service but all clients of Trans-it are pre qualified.
Therefore, the challenging processes of the past are not applied, offering to ship own- ers, significant cash-flow benefit and a simplified processes ensure an administrative easy way of handling relevant documentation. A stock can be kept in the Free Zone as long as necessary without having any implications on the VAT exemption.
COSCOs warehouse located in the Piraeus Free Zone (PFZ) have all the amenities one can expect of a highly effective modern warehouse facility such as pick-n-pack,
long term and short term storage, integration of services and customised solutions. The COSCO team works hard to develop services and create innovative systems, attracting new customers and promoting the benefits of Piraeus Free Zone.
“We, at Trans-it are very proud to once again being the first in providing new services to our clients. This shows our commitment to continuous developing our services and our long term relationship with Greek shipping” says Igor Narvi, head of business develop- ment at Trans-it AS
Martin Bo Thomsen (Sales Manager)
Trans-it AS
Photo: Lars Chr Jacobsen