VAT exemption in Piraeus Free Zone!

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COSCO and Trans-it joins forces to offer Greek ship owners a unique service. An integrated process in combination with new legislation make it possible for ship owners to move ship spares out of Greece without the time consuming and cash flow limitations from earlier days.

For spare parts delivered into the Piraeus Free Zone ship owners will no longer be invoiced 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 no longer applied, offering ship owners significant cash-flow benefit and a simplified process 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 development at Trans-it AS.

Trans-it Facts
• Ship spares logistics provider since 1998.
• Main office Copenhagen
• Service more than 3000 vessels.
• Deliver spares to vessel world wide.

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