Corporación Navios S.A. owns and operates a transfer and storage terminal situated in the Nueva Palmira free trade zone at the confluence of the Parana and Uruguay rivers. The terminal, whose history dates back to 1956, is one of the largest dry bulk terminals in the Hidrovia region -- serving the agricultural and mineral-producing hinterlands of large parts of Argentina, Bolivia, Brazil, Paraguay and Uruguay -- dedicated primarily to transshipment operations. The terminal is unique in the region because of its sophisticated design and efficiency as well as the fact that it operates as a transfer station with multimodal operations.

Nueva Palmira and the Navios terminal are ideally located to provide shippers with a convenient and economical outlet for a variety of commodities originating in the Hidrovia region. The commodities handled include grain and grain by-products as well as ores, wood products, sugar, salt and fertilizers. The terminal receives bulk cargoes from barges, trucks and vessels and either transfers them directly to dry bulk carriers or stores them in its own modern silos for later shipment.

Dedicated professionals operate the terminal, taking pride in quality of service and responsiveness to customer requirements. Management is exceptionally attentive to commodity storage conditions, maintaining customer commodity separation at all times and minimizing handling losses.

The terminal, with its state-of-the-art information technology systems, is in constant contact with the head office in Montevideo, capital of Uruguay and administrative capital of the Mercosur trading bloc.

About the Mercosur, the Nueva Palmira Tax Free Zone and Uruguay
The Mercosur free trade pact, which since 1991, has resulted in exponential trade growth throughout the region.

Because the Navios terminal is located in the Nueva Palmira Tax Free Zone, foreign commodity moving through the terminal is free of Uruguayan taxes. Certificates of deposit are obtainable for commodity entering into the station facility.

Although one of the smaller countries in South America, Uruguay is nevertheless regarded as one of the most advanced on the continent. The population is almost 100% literate with a large middle class and a well established democracy. The banking system is one of the most modern and efficient in South America. Communications are fully digital with accessibility to the Internet throughout the country.