Panama: Requires insurance to transport foreign cargo

The Land Transit and Transportation Authority will request foreign cargo transporters to carry obligatory insurance to travel in Panamanian territory.

Tuesday, November 11, 2008

This according to Heraclio Batista, national ATTT director.

Batista explained that this obligatory insurance requirement is stipulated in transit regulations. He added that similar standards are applied in other Central American countries where Panamanian truckers transport cargo.

More on this topic

Conflict over Transport at Mexico Border

August 2012

The obligation to take out insurance with Mexican companies has annoyed freight carriers who have announced that they will not travel through Aztec territory.

Starting on September 3, the deadline for the enforcement of the provision, Guatemalans carriers have said they will longer go into Mexico.

Insurance Hike for Carriers Suspended

August 2014

The government of Nicaragua has decided to suspend the increase from $85 to $295 on compulsory insurance for third party damage for transport trucks.

After receiving complaints from the union of freight trucks, governmental authorities in Nicaragua have decided to rescind the upward adjustment, which would have come into effect in August, on Third Party Liability insurance for cargo trucks.

Panama: possible sanctions for cabotage services

August 2008

Leaders from the merchandise transportation sector are considering sanctions for foreign companies that provide cabotage services

Representatives from the Government and the sector restart conversations at the work table.
They also agreed that all vehicles coming from Central America will have to present their vehicle registration and insurance policy at the border in order to control the flow into the country.

Costa Rica - Panama Border Closed Again

August 2013

Costa Rican transporters have blocked the Paso Canoas border alleging abuses in the controls carried out by Panamanian authorities.

The measure taken by the Costa Ricans have already caused millions in losses due to delays in the arrival of cargo and damage to goods. For this reason the National Chamber of Panamanian Cargo Transporters (Canatraca) has asked the authorities concerned to solve a problem which has returned only five months after an agreement was signed between the two nations.

 close (x)

Receive more news about Transportation

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Transportes Flores

Organization that operates in Nicaragua.
Phone: (505) 2250 8366 - (505) 8693 6399

Company Profile

Stock Indexes

(Dec 5)
Dow Jones
0.46%
S&P 500
0.64%
Nasdaq
1.01%

Commodities

(Dec 5)
Brent Crude Oil
55.65
Coffee "C"
144.95
Gold
1,167
Silver
16.725