OVERVIEW
This article covers the Nabis Storage Fee and how it is implemented.
INVENTORY STORAGE FEES
Nabis will charge our standard storage fee each month that product has been in our possession for 120+ days. Our minimum fee is 1 pallet, which is $500, with 3,000 units being our average pallet size. Every additional increment of 1,500 units will cost $250, we will not be charging a per unit fee. We will not charge a fee for anything less than 500 units.
Examples:
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499 units or Under = $0 storage fee
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500 - 3,000 units = $500 storage fee
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3,001 - 4,500 units = $750 storage fee
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4,501 - 6,000 units = $1,000 storage fee
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6,001 - 7,500 units = $1,250 storage fee
PATHWAYS TO REDUCE INVENTORY
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Return product: This request can be submitted through the Nabis Portal. A $170 or 1%, whichever is greater, outtake fee will be applied to the wholesale value of the amount of products being returned.
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Compassion/Donation: Products can be submitted as a donation through the Nabis Portal. In order to designate a Nabis Order, select the “Donation” toggle for each line item(s).
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Expired inventory: Nabis can facilitate a destruction of expired products. The costs of third-party destruction events for the Products shall be borne solely by Customer, plus $170 per event.