WEBSITE TERMS AND CONDITIONS
Icaraibo Project – Promotora Caribbean Coast Corp.
This document establishes the Terms and Conditions for the use of the official website www.icaraibo.com, managed by Promotora Caribbean Coast Corp., a Panamanian corporation duly registered in the Public Registry of Panama (hereinafter, “THE DEVELOPER”). Access, navigation, and use of this website imply full and unconditional acceptance of these terms by the user.
Responsible Party Information
Promotora Caribbean Coast Corp.
Address: F & F Tower, Bella Vista district, Calle 50, Financial District, Panama City, 14th Floor, Office 1414, Republic of Panama.
Website: www.icaraibo.com
Acceptance of Terms
By accessing or using this website, the user declares that they have read, understood, and fully accepted these Terms and Conditions, as well as the complementary policies published (Privacy Policy, Online Sales Policy, and Privacy Notice).
Conditions of Use
The user agrees to use this website lawfully, respectfully, and in accordance with applicable legislation.
The following is prohibited:
Using the website for fraudulent, unlawful, or public-order-violating purposes.
Reproducing, distributing, or modifying content without authorization from THE DEVELOPER.
Introducing viruses, bots, or any malicious code that affects the website’s functionality.
THE DEVELOPER reserves the right to restrict or suspend access to users who violate these terms.
Project Information and Content
The texts, images, renders, prices, and specifications presented on the website are for informational and reference purposes only. Although THE DEVELOPER strives to keep information up to date, it does not guarantee its accuracy or permanent availability. Final commercial terms will be established in the formal reservation agreements, purchase promise contracts, or right-of-use agreements.
Intellectual Property
All website content, including logos, designs, photographs, texts, plans, videos, trademarks, and domains, belongs to Promotora Caribbean Coast Corp. and is protected by Panamanian and international copyright and industrial property laws. Its use, reproduction, or distribution without written authorization from THE DEVELOPER is strictly prohibited.
Third-Party Links
The website may contain hyperlinks or redirects to third-party sites. THE DEVELOPER is not responsible for the content, security, or privacy policies of such sites, which are managed by their respective owners.
Online Sales Policy
Purchases, reservations, or payments made through the website or digital platforms shall be governed by the Online Sales Policy and the respective contracts signed by the parties. Use of the website for commercial purposes constitutes express acceptance of such terms.
Personal Data Protection
The processing of personal data collected through the website is governed by the Privacy Policy and Personal Data Protection Policy, in accordance with Law 81 of 2019. Users may exercise their rights of access, rectification, cancellation, objection, and portability by contacting: [email protected].
Limitation of Liability
THE DEVELOPER does not guarantee continuous availability of the website and is not responsible for interruptions, technical errors, or server failures.
It shall not be liable for direct or indirect damages resulting from the use or inability to use the website.
Information published regarding prices, promotions, or availability may be modified without prior notice.
Electronic Communications
By registering or interacting with the website, the user expressly authorizes the sending of electronic communications related to Icaraibo’s projects, services, or promotions, in accordance with Law 51 of 2008 on Electronic Commerce.
Modifications to the Terms
THE DEVELOPER may modify these Terms and Conditions at any time. Changes will become effective upon publication on the website and will be deemed accepted through continued use of the site.
Applicable Law and Jurisdiction
These Terms are governed by the laws of the Republic of Panama, particularly Law 45 of 2007, Law 51 of 2008, and Law 81 of 2019. Any dispute shall be submitted to the competent courts of Panama City.
Policy Updates and Validity
Promotora Caribbean Coast Corp. reserves the right to modify, update, or supplement the policies published on its website at any time, as required by regulatory, operational, or internal procedural changes.
Updated versions will be published and dated on the official Icaraibo Project website, where previous versions will also remain available for public reference.
Contracts signed with clients will be governed by the policies in force at the time of signing, without prejudice to subsequent modifications, which will apply only to new agreements.
This provision is issued in compliance with the principles of transparency, truthful information, and disclosure of commercial terms established in Law 45 of 2007 (ACODECO) and Law 51 of 2008 on Electronic Commerce of the Republic of Panama.
Contact
For inquiries or reports related to the use of the website, users may contact:
Website: www.icaraibo.com
Location: F & F Tower, Bella Vista district, Calle 50, Financial District, Panama City, 14th Floor, Office 1414, Republic of Panama.
Promotora Caribbean Coast Corp.Icaraibo Project
www.icaraibo.com
PRIVACY POLICY AND PERSONAL DATA PROTECTION
Icaraibo Project – Promotora Caribbean Coast Corp.
Purpose and Scope
This Policy aims to establish the principles, rights, and procedures governing the collection, use, storage, processing, transfer, and protection of personal data obtained by Promotora Caribbean Coast Corp. (hereinafter, “THE DEVELOPER”) in the course of its commercial, contractual, and promotional activities, in accordance with Law 81 of 2019 on Personal Data Protection and its regulations. This policy applies to all data collected through official websites, physical or digital forms, payment platforms, and authorized communication channels.
Identification of the Data Controller
Controller: Promotora Caribbean Coast Corp.
Address: F & F Tower, Bella Vista district, Calle 50, Financial District, Panama City, 14th Floor, Office 1414, Republic of Panama.
THE DEVELOPER acts as the data controller and, where applicable, may designate data processors in accordance with Article 28 of Law 81 of 2019.
Definitions
In accordance with Law 81 of 2019, the following terms apply:
Personal Data: Information relating to an identified or identifiable natural person.
Data Subject: The individual to whom the data belongs.
Processing: Any operation performed on personal data (collection, storage, use, deletion, etc.).
Controller: Natural or legal person who determines the purposes and means of processing.
Processor: Person who processes data on behalf of the controller.
Principles of Data Processing
Personal data processing shall be governed by the following principles:
Lawfulness and Transparency: Data shall be processed lawfully, fairly, and transparently.
Legitimate Purpose: Data shall be collected for specific, explicit, and legitimate purposes.
Proportionality: Only strictly necessary data shall be collected.
Security: Appropriate technical and organizational measures shall be implemented.
Accuracy: Data must be accurate and kept up to date.
Confidentiality: Data privacy and integrity shall be preserved at all times.
Purposes of Processing
The personal data collected will be processed for the following purposes:
Managing reservation, purchase, contract, and payment processes.
Complying with legal, contractual, accounting, and tax obligations.
Sending information about project progress, events, and updates.
Handling inquiries or complaints.
Conducting statistical and satisfaction analyses.
Complying with ACODECO regulations and other competent authorities.
Sharing information with banks, insurance companies, notaries, and related service providers while ensuring confidentiality.
Sending commercial or promotional communications (subject to prior user consent).
Data Subject Consent
The processing of personal data requires the prior, express, and informed consent of the data subject, except in the cases provided under Article 10 of Law 81 of 2019. Consent may be given through physical signature, digital acceptance, or verifiable communication.
Data Subject Rights
In accordance with Law 81 of 2019, data subjects have the following rights:
Access: To know what personal data Promotora Caribbean Coast Corp. holds.
Rectification: To correct inaccurate or incomplete information.
Erasure: To request deletion of data when it is no longer necessary for its purpose.
Objection: To object to processing for legitimate reasons.
Portability: To receive data in a structured format and transfer it to another controller.
Requests must be sent to [email protected], including a valid identification document.
Data Transfer and Disclosure
Personal data may be transferred to:
Financial institutions, notaries, or service providers involved in contractual execution.
Competent public authorities when legally required.
Companies within the same corporate group, inside or outside Panama, under equivalent data protection standards.
For international data transfers, Promotora Caribbean Coast Corp. ensures that the receiving country maintains adequate protection standards or that:
The data subject’s consent has been obtained.
Information Security
THE DEVELOPER adopts technical, administrative, and physical measures to prevent unauthorized access, loss, or alteration of personal data:
Use of secure servers (SSL/TLS) and data encryption.
Authentication protocols in IT systems.
Restricted access to authorized personnel.
Backup procedures and periodic audits.
Data Retention
Personal data shall be retained for as long as necessary to fulfill the purpose of processing and in accordance with legal requirements. Once the purpose has been fulfilled, data will be securely deleted or anonymized.
Policy Modifications
THE DEVELOPER may update this policy to adapt to new legal requirements or internal practices. Modifications will be notified through publication in official channels.
Applicable Law and Jurisdiction
This Policy is governed by the laws of the Republic of Panama, particularly Law 81 of 2019 on Personal Data Protection, Law 45 of 2007 (ACODECO), and other applicable regulations. Any disputes shall be resolved before the courts of Panama City.
Effective Date
This policy enters into force upon its official publication on Promotora Caribbean Coast Corp.’s digital channels.
Promotora Caribbean Coast Corp.
Icaraibo Project
Email: [email protected]
Website: www.icaraibo.com
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