PROMOTION YEAR-END 2026–2027
Hoteles Charleston S.A.S., a company identified under Tax Identification Number (NIT) 830.032.945-3 and National Tourism Registry (RNT) No. 4244, with its registered office at Carrera 9 No. 81 A-26, Office 902, Bogotá, D.C., Republic of Colombia (hereinafter the "Organizer"), operator of Hotel Charleston Santa Teresa, located at Carrera 3 #31–23, Cartagena, Province of Cartagena (hereinafter the "Hotel"), shall conduct the promotion entitled YEAR-END PROMOTION 2026–2027 (hereinafter the "Promotion"), which may be reserved and purchased from April 10, 2026, at 12:00 p.m. until December 31, 2026, at 12:00 p.m., to be enjoyed during the guest's stay at the Hotel, provided that such stay falls within the eligible dates for the application of the Promotion set forth in Section 2 of these Terms and Conditions.
1. Description of the Promotion:
During the Promotion Period, the Organizer will offer the Promotion, under which any customer purchasing the YEAR-END PROMOTION 2026–2027 shall be entitled to receive, during the reserved stay period, the following products and services included:
Daily à la carte and buffet breakfast service for one (1) or two (2) guests, served at Harry's Cartagena Restaurant, located within the Hotel, during the days corresponding to the contracted stay.
One-way private ground transportation from Rafael Núñez International Airport in Cartagena to the Hotel, exclusively for guests who have purchased the Promotion and only on the date of arrival. This service will be provided once per reservation.
A special welcome amenity consisting of a tropical fruit basket placed in the guest's assigned room on the day of arrival, provided as a complimentary courtesy at no additional cost.
One (1) complimentary welcome drink per guest, served upon check-in at the Hotel, according to the guest's preference and subject to the availability of the beverages offered by the Hotel. At the time of check-in, the Hotel will inform the guest of the beverages available, it being understood that the Hotel's beverage selection is limited.
One (1) bottle of Piccolo sparkling wine, delivered to the guest room on December 31, 2026, as a special New Year's Eve gift. One bottle will be provided per room.
A special welcome gift, delivered once per room upon check-in, the nature of which shall be determined at the sole discretion of the Hotel and shall be subject to availability.
The Promotion does not include additional alcoholic or non-alcoholic beverages, gratuities, minibar consumption, additional Hotel transportation services, or meals other than the buffet breakfast served at Harry's.
None of the products or services included in this Promotion may be exchanged for other products or redeemed for cash.
Applicable only to guests over eighteen (18) years of age. Minors must be accompanied by an adult.
Rooms are subject to Hotel availability.
2. Eligible Dates for the Application of the Promotion:
For the Promotion to apply, the guest must purchase the following Hotel stay:
*The reservation must include the nights of December 30 and 31, 2026, and January 1, 2027.
*The reservation must be for a minimum stay of three (3) nights.
*These dates may not be modified or substituted for any other dates.
3. Special Terms of the Promotion:
Applicable only to room reservations for one (1) or two (2) guests. In the event of a third guest, an additional nightly charge will apply. Upon payment of this additional charge, the third guest will also be entitled to the benefits included in this Promotion.
The Promotion applies to all room categories. The applicable accommodation rates shall correspond to the Hotel's standard rates in effect at the time the reservation is made.
The Promotion does not imply a reduction in the accommodation rate.
In the event that more than one room is reserved under the same guest's name, the Promotion shall apply to the guest(s) staying in each reserved room.
4. Cancellation Policy:
Non-refundable rate*. No modifications or cancellations of the reservation are permitted. Failure to comply with this cancellation policy will result in a penalty equivalent to one hundred percent (100%) of the value of the reserved Promotion.
*Non-refundable rates: Rates identified as "Non-Refundable Rates" are, in accordance with the Hotel's policies, non-refundable except in cases involving guarantees, the statutory right of withdrawal, or payment reversals. Therefore, if the guest does not qualify under any of these circumstances, as set forth in these Terms and Conditions and in the Hotel's General Terms and Conditions published at https://www.hotelcharlestonsantateresa.com/eng-terms-conditions, no refund request for the contracted services shall be accepted, nor shall any modification to the reservation conditions be permitted.
Guarantee: One hundred percent (100%) of the value of the reserved Promotion. This guarantee shall apply in the event that the Hotel fails to provide the accommodation service reserved by the guest or fails to deliver the services included in the Promotion. In the event of failures, defects, or partial non-performance of the services offered by the Hotel or those included in the Promotion, the Hotel shall provide compensation proportional to the services not received by the guest.
5. Attendance Conditions:
Any person wishing to enjoy the Promotion must have made a prior reservation. Reservations may be made:
(i) through the Hotel's website: https://www.hotelcharlestonsantateresa.com;
(ii) directly at the Hotel's Front Desk;
(iii) by sending an email to res@charlestonsantateresa.com; or
(iv) by telephone by calling +57 (605) 6649494.
At the time of booking and purchasing the Promotion, the guest must indicate the reservation date and specify whether the reservation will apply to one (1) or two (2) guests.
A maximum of three (3) rooms may be reserved per person under the same name and identification number.
One hundred percent (100%) of the accommodation reservation must be paid at the time of booking. No refunds or compensation vouchers will be issued in the event that the guest fails to arrive at the Hotel to enjoy the Promotion for any reason whatsoever.
Any person who complies with each and every requirement set forth in these Terms and Conditions may enjoy the Promotion. Attendance at the Hotel and the purchase of the Promotion constitute full knowledge and acceptance of its mechanics, terms, and conditions.
Persons who fail to comply with all of these Terms and Conditions, or who attempt to access the Hotel using false information or the information of third parties, will not be admitted.
Persons under the influence of alcohol or hallucinogenic substances will not be permitted to enter the Hotel.
Pets are not permitted in the Hotel.
The Hotel reserves the right of admission and permanence.
6. Additional Guest Policy:
For the purposes of this Promotion, children between zero (0) and three (3) years of age may stay free of charge, provided they share the room with their parents or responsible adults.
For children four (4) to eleven (11) years of age, an additional charge of COP $740,000 (Seven Hundred Forty Thousand Colombian Pesos) per night will apply, including daily breakfast.
For children twelve (12) to eighteen (18) years of age, and in the event that accommodation is required for one additional adult in the same room, an additional charge of COP $950,000 (Nine Hundred Fifty Thousand Colombian Pesos) per night will apply, also including daily breakfast.
7. Promotion Period:
The Promotion Period may not be extended. Reservations or attendance outside the Promotion Period, whether before or after the dates established herein, will not be accepted.
8. Organizer's Liability:
The Organizer and its affiliated companies shall not be liable for any damages or losses that may be suffered by guests or third parties as a result of and/or in connection with participation in the Promotion and/or transportation to the Hotel, provided that such damages or losses are not directly attributable to the Organizer under applicable law and these Terms and Conditions. Accordingly, the Organizer disclaims any contractual and/or non-contractual liability toward guests/customers, their companions, or their successors, which is expressly accepted by each guest/customer.
Guests/customers acknowledge and agree that the breakfast included in the Promotion is served in buffet style and that they are solely responsible for the selection of the food they consume from the variety offered. Accordingly, the Organizer shall not be held liable for any allergies or congenital medical conditions that may arise as a result of the guest's food selections from the buffet.
Likewise, the Organizer and its affiliated companies shall not be responsible for any damage, loss, theft, or robbery affecting guests/customers and/or third parties, nor for any damages or disputes arising between guests/customers or with third parties due to their conduct in connection with participation in the Promotion. Each guest/customer shall be solely responsible for attending the Hotel to enjoy the Promotion and for any consequences arising therefrom, as well as for his or her conduct while on the Hotel premises.
The Organizer reserves the right to remove any guest/customer from the Hotel through its security personnel if, in the Organizer's sole judgment and discretion, such guest/customer is behaving in an inappropriate manner, disturbing other guests/customers, or causing damage to the Hotel.
By the mere fact of attending the Hotel, all guests acknowledge that they have read, understood, and accepted these Terms and Conditions. These Terms and Conditions shall remain available at the Hotel's Front Desk and on the website https://www.hotelcharlestonsantateresa.com/eng-terms-conditions from the date on which the reservation period and the Promotion redemption period commence.
The Organizer's and its affiliated companies' liability shall cease for all purposes upon the conclusion of the Promotion.
The Organizer reserves the right to amend these Terms and Conditions, provided that the essence of the Promotion is not altered. Any such amendment(s) shall be communicated in advance to guests through the same communication channels originally used to promote the Promotion, without giving rise to any right or claim on the part of the guests/customers.
In the event of force majeure and/or unforeseen circumstances that make it impossible to carry out or continue the Promotion, the Organizer may suspend it permanently or temporarily, or introduce any necessary modifications, informing guests/customers of such circumstances through the same communication channels originally used to advertise the Promotion.
In the event that the Promotion cannot be carried out due to force majeure events, including, but not limited to, measures adopted by the National or District Government prohibiting the holding of events or the provision of accommodation services, guests/customers shall have the option to request a refund of the amounts paid, which shall be processed in accordance with the procedures established under the applicable Colombian legislation.
The Organizer complies with the provisions of Laws 679 of 2001, 1336 of 2009, and Resolution 3840 of 2009 issued by the Colombian Ministry of Commerce, Industry and Tourism, concerning the prevention of the use and sexual exploitation of children and adolescents in tourism activities.
9. Privacy Notice:
The protection of your personal data is important to us.
In accordance with Law 1581 of 2012, Decree 1074 of 2015, and any regulations that amend, supplement, or replace them, Hoteles Charleston S.A.S., identified under Tax ID (NIT) No. 830.032.945-3, with its principal place of business at Carrera 9 No. 81 A-26, Office 902, Bogotá D.C., Colombia, will collect, use, store, circulate, transmit, transfer, and, in general, process your personal data in its capacity as Data Controller. Your personal data will be processed for the following purposes:
(i) to improve our products and services;
(ii) to authorize and facilitate your participation and attendance at events organized by Hoteles Charleston S.A.S.;
(iii) to carry out verification procedures to assess your creditworthiness and prevent fraud;
(iv) to provide appropriate customer service;
(v) advertising, marketing, and market research;
(vi) to offer products, services, discounts, promotions, events, prize draws, among others;
(vii) identification and authentication of your identity;
(viii) management of applications and social media platforms;
(ix) enrichment of our databases;
(x) analysis of browsing habits;
(xi) profiling of our customers and visitors;
(xii) performance analysis; and
(xiii) in general, to carry out the commercial activities of Hoteles Charleston S.A.S.
As the data subject, you have the right to:
(i) Access, free of charge, the personal data that has been processed.
(ii) Request the updating or correction of your personal data where it is partial, inaccurate, incomplete, fragmented, misleading, or where its processing is prohibited or has not been duly authorized.
(iii) Request evidence of the authorization granted for the processing of your personal data.
(iv) File complaints with the Colombian Superintendence of Industry and Commerce regarding any violation of the applicable data protection regulations.
(v) Revoke the authorization granted and/or request the deletion of your personal data, provided there is no legal or contractual obligation requiring its retention.
(vi) Decline to answer questions regarding sensitive personal data.
Data subjects may consult our Personal Data Processing Policy, available on our website at the following link: https://www.hotelcharlestonsantateresa.com/privacy-policy, and may contact Hoteles Charleston S.A.S. through the available communication channels.
WWW.HOTELCHARLESTONSANTATERESA.COM
Cartagena - Colombia
Cra. 3 No. 31 – 23 | Plaza de Santa Teresa, Historic Center
RNT 4244
T | +57 (605) 664 9494 - 650 1000 E | info@hotelescharleston.com
SUMMER GETAWAY 2026
Hoteles Charleston S.A.S., a company identified under Tax Identification Number (NIT) 830.032.945-3 and National Tourism Registry (RNT) No. 4244, with its registered office at Carrera 9 No. 81 A-26, Office 902, Bogotá, D.C., Republic of Colombia (hereinafter the "Organizer"), operator of Hotel Charleston Santa Teresa, located at Carrera 3 #31–23, Cartagena, Province of Cartagena (hereinafter the "Hotel"), shall conduct the promotion entitled Summer Getaway (hereinafter the "Promotion"), which may be reserved and purchased from June 1, 2026, at 12:00 p.m. until October 31, 2026, at 12:00 p.m., to be enjoyed from June 1, 2026, at 3:00 p.m. until October 31, 2026, at 12:00 p.m. at the Hotel (hereinafter the "Promotion Period").
1. Promotion Description
The Summer Getaway 2026 promotion includes the following benefits during the guest's stay:
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Minimum stay of two (2) consecutive nights.
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One (1) Spa voucher valued at COP $60,000 per person, per stay.
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Applicable to reservations for one (1) or two (2) guests per room.
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The Spa voucher is valid only during the reserved stay and may not be used after check-out.
2. Promotion Period
The promotion is valid for stays between June 1 and October 31, 2026, inclusive.
3. Promotion Terms
The promotion applies exclusively to reservations made directly through the Reservations Department of Hotel Charleston Santa Teresa.
The promotion is subject to availability at the time of booking.
The promotion applies to all participating room categories, except those expressly excluded by the Hotel.
The Spa voucher may not be combined with any other promotions, discounts, negotiated rates, corporate rates, group rates, or special offers, unless expressly authorized by the Hotel.
The Spa voucher is non-transferable, may not be redeemed for cash, exchanged for other services, or applied as credit toward future reservations.
The Spa voucher must be redeemed during the guest's stay and is subject to Spa availability.
Guests are encouraged to reserve Spa treatments in advance to ensure availability.
4. Modifications and Cancellations
Reservations are subject to the cancellation and modification policy applicable to the selected rate at the time of booking.
5. General Conditions
The promotion does not modify the Hotel's applicable accommodation rates.
Any services not expressly included in this promotion will be charged according to the Hotel's current rates.
The General Terms and Conditions of Hotel Charleston Santa Teresa apply and are available at:
https://www.hotelcharlestonsantateresa.com/eng-terms-conditions
Wedding Night Package in Cartagena
Hoteles Charleston S.A.S., a company identified under Tax Identification Number (NIT) 830.032.945-3 and National Tourism Registry (RNT) No. 4244, with its registered office at Carrera 9 No. 81 A-26, Office 902, Bogotá, D.C., Republic of Colombia (hereinafter the "Organizer"), operator of Hotel Charleston Santa Teresa, located at Carrera 3 #31–23, Cartagena, Province of Cartagena (hereinafter the "Hotel"), shall conduct the promotion entitled Wedding Night Package (hereinafter the "Promotion"), which may be reserved and purchased from February 6, 2027, at 12:00 p.m. until December 20, 2027, at 12:00 p.m., to be enjoyed from February 15, 2027, at 3:00 p.m. until December 20, 2027, at 12:00 p.m. at the Hotel (hereinafter the "Promotion Period").
1. Description of the Promotion:
During the Promotion Period, the Organizer will offer the Promotion, under which the guest may purchase the Wedding Night Package, which includes the following products and services:
Minimum stay of one (1) night's accommodation in the room category selected by the guest for two (2) persons.
The package includes daily breakfast for two (2) persons at Harry's Restaurant or through Room Service, valid for each day of the stay.
The Hotel will provide private Airport – Hotel – Airport transportation for two (2) persons. This service must be scheduled at least twenty-four (24) hours prior to the transfer date by sending the required information to: res@charlestonsantateresa.com.
The request must include:
-Airline name
-Flight number
-Estimated arrival or departure time
As part of the experience, the guest will receive the following amenities in the room:
-A special fruit basket.
-A dessert amenity.
-A bouquet of roses.
-One (1) bottle of Canella Pinot Nero Rosé Sparkling Wine during the stay.
The Guest may receive a special gift during the stay. This benefit is non-transferable and may not be redeemed for cash.
Subject to availability at the time of check-out, the Guest may enjoy a complimentary late check-out. This benefit is subject to the Hotel's operational availability and does not constitute an acquired right.
Prices quoted in USD are subject to the applicable Colombian Market Representative Exchange Rate (TRM) in effect on the date of purchase. Payment shall be made in Colombian Pesos (COP).
The Promotion does not include additional alcoholic or non-alcoholic beverages, gratuities, minibar consumption, transportation services other than those expressly included, or meals other than the buffet breakfast served at Harry's.
Applicable only to guests over eighteen (18) years of age.
Rooms are subject to Hotel availability.
2. Cancellation Policy:
The guest may cancel the reservation free of charge up to seven (7) days prior to the arrival date. If the reservation is cancelled within the seven (7) days preceding arrival, the total amount of the reservation will be charged. In the event of a no-show, the total reservation amount will also be charged. Full prepayment of the reservation will be required during the seven (7) days prior to arrival.
Guarantee: One hundred percent (100%) of the value of the reserved Promotion. This guarantee applies in the event of (i) failures in the Hotel services included in the Promotion, and (ii) cancellation of the Promotion reservation within the cancellation period permitted under these Terms and Conditions.
Early Check-in or Late Check-out may be arranged subject to availability and the Hotel's applicable charges in effect at the time of the request.
3. Attendance Conditions:
Any person wishing to enjoy the Promotion must have made a prior reservation. Reservations may be made:
(i) through the Hotel's website: https://www.hotelcharlestonsantateresa.com/es/book/dates-of-stay?LanguageID=2&ProdID=748984;
(ii) directly at the Hotel's Front Desk;
(iii) by sending an email to res@charlestonsantateresa.com; or
(iv) by telephone by calling +57 (605) 6649494.
The Promotion may be reserved and purchased from February 6, 2026, at 12:00 p.m. until December 20, 2026, at 12:00 p.m., to be enjoyed from February 6, 2026, at 3:00 p.m. until December 20, 2026, at 12:00 p.m. at the Hotel. At the time of booking and purchasing the Promotion, the guest must indicate the date on which the Promotion will be redeemed and specify whether it will apply to one (1) or two (2) persons.
A maximum of three (3) Promotions may be reserved per person under the same name and identification number.
The Promotion has a fixed price in accordance with the provisions set forth in Section 1 of these Terms and Conditions.
One hundred percent (100%) of the value of the Promotion must be paid at the time of booking. No refunds or compensation vouchers will be issued if the guest fails to arrive at the Hotel to enjoy the Promotion for any reason whatsoever.
Any adult who complies with each and every requirement established in these Terms and Conditions may participate in the Promotion. Attendance at the Hotel and the purchase of the Promotion constitute full knowledge and acceptance of its mechanics, Terms and Conditions.
Persons who do not comply with all of these Terms and Conditions, or who attempt to access the Hotel using false information or the identity of third parties, will not be admitted.
Persons under the influence of alcohol or hallucinogenic substances will not be permitted to enter the Hotel.
Pets are not permitted in the Hotel.
The Hotel reserves the right of admission and permanence.
4. Promotion Period:
The Promotion Period is non-extendable. No reservations, participation, or attendance will be accepted before or after the Promotion Period established herein.
5. Organizer's Liability:
The Organizer and its affiliated companies shall not be liable for any damages or losses that may be suffered by guests or third parties as a result of and/or in connection with participation in the Promotion and/or transportation to the Hotel, provided that such damages or losses are not directly attributable to the Organizer in accordance with the applicable law and these Terms and Conditions. Accordingly, the Organizer hereby disclaims any contractual and/or non-contractual liability toward guests/customers, their companions, or their successors, which is expressly accepted by each guest/customer.
Guests/customers acknowledge and agree that the breakfast included in the Promotion is served in buffet style and that they are solely responsible for selecting the food they consume from the variety offered. Accordingly, the Organizer shall not be held liable for any allergies or congenital medical conditions that may arise as a result of the guest's food selections from the buffet.
Likewise, the Organizer and its affiliated companies shall not be responsible for any damage, loss, theft, and/or robbery affecting guests/customers and/or third parties, nor for any damages or disputes arising between guests/customers or with third parties due to their conduct in connection with participation in the Promotion. Each guest/customer shall be solely responsible for attending the Hotel to enjoy the Promotion and for any consequences arising therefrom, as well as for his or her conduct while on the Hotel premises.
The Organizer reserves the right to remove guests/customers from the Hotel through its security personnel if, in the Organizer's sole judgment and discretion, the guest/customer is behaving in an inappropriate manner, disturbing other guests/customers, or causing damage to the Hotel.
By the mere act of attending the Hotel, all guests acknowledge that they have read, understood, and accepted these Terms and Conditions. These Terms and Conditions shall remain available at the Hotel's Front Desk and on the website, https://www.hotelcharlestonsantateresa.com/eng-terms-conditions, from the date on which the reservation period and the Promotion redemption period commence.
The Organizer's and its affiliated companies' liability shall cease for all purposes upon the conclusion of the Promotion.
The Organizer reserves the right to amend these Terms and Conditions, provided that the essence of the Promotion is not altered. Any such amendment(s) shall be communicated in advance to guests through the same communication channels originally used to promote the Promotion, without giving rise to any right or claim on the part of the guests/customers.
In the event of force majeure and/or unforeseen circumstances that make it impossible to carry out or continue the Promotion, the Organizer may suspend it permanently or temporarily, or introduce any necessary modifications, informing guests/customers of such circumstances through the same communication channels originally used to advertise the Promotion.
In the event that the Promotion cannot be carried out due to force majeure, including, but not limited to, measures adopted by the National or District Government prohibiting the holding of events or the provision of accommodation services, guests/customers shall have the option to request a refund of the amounts paid, which shall be processed in accordance with the procedures established under the applicable Colombian legislation.
The Organizer complies with the provisions of Laws 679 of 2001, 1336 of 2009, and Resolution 3840 of 2009 issued by the Colombian Ministry of Commerce, Industry and Tourism concerning the prevention of the use and sexual exploitation of children and adolescents in tourism activities.
6. Privacy Notice:
The protection of your personal data is important to us.
In accordance with Law 1581 of 2012, Decree 1074 of 2015, and any regulations that amend, supplement, or replace them, Hoteles Charleston S.A.S., identified under Tax ID (NIT) No. 830.032.945-3, with its principal place of business at Carrera 9 No. 81 A-26, Office 902, Bogotá D.C., Colombia, will collect, use, store, circulate, transmit, transfer, and, in general, process your personal data in its capacity as Data Controller. Your personal data will be processed for the following purposes:
(i) to improve our products and services;
(ii) to authorize and facilitate your participation and attendance at events organized by Hoteles Charleston S.A.S.;
(iii) to carry out verification procedures to assess your creditworthiness and prevent fraud;
(iv) to provide appropriate customer service;
(v) advertising, marketing, and market research;
(vi) to offer products, services, discounts, promotions, events, prize draws, among others;
(vii) identification and authentication of your identity;
(viii) management of applications and social media platforms;
(ix) enrichment of our databases;
(x) analysis of browsing habits;
(xi) profiling of our customers and visitors;
(xii) performance analysis; and
(xiii) in general, to carry out the commercial activities of Hoteles Charleston S.A.S.
As the data subject, you have the right to:
(i) Access, free of charge, the personal data that has been processed.
(ii) Request the updating or correction of your personal data where it is partial, inaccurate, incomplete, fragmented, misleading, or where its processing is prohibited or has not been duly authorized.
(iii) Request evidence of the authorization granted for the processing of your personal data.
(iv) File complaints with the Colombian Superintendence of Industry and Commerce regarding any violation of the applicable data protection regulations.
(v) Revoke the authorization granted and/or request the deletion of your personal data, provided there is no legal or contractual obligation requiring its retention.
(vi) Decline to answer questions regarding sensitive personal data.
Data subjects may consult our Personal Data Processing Policy, available on our website at the following link: https://www.hotelcharlestonsantateresa.com/privacy-policy and may contact Hoteles Charleston S.A.S. through the available communication channels.
30 Days Advance Purchase Rate
Hoteles Charleston S.A.S., a company identified under Tax Identification Number (NIT) 830.032.945-3 and National Tourism Registry (RNT) No. 4244, with its registered office at Carrera 9 No. 81 A-26, Office 902, Bogotá, D.C., Republic of Colombia (hereinafter the "Organizer"), operator of Hotel Charleston Santa Teresa, located at Carrera 3 #31–23, Cartagena, Province of Cartagena (hereinafter the "Hotel"), shall conduct the promotion entitled 30-Day Advance Purchase Rate (hereinafter the "Promotion"), which may be reserved and purchased from April 14, 2027, at 12:00 p.m. until November 5, 2027, at 12:00 p.m., to be enjoyed from April 14, 2027, at 3:00 p.m. until December 20, 2027, at 12:00 p.m. at the Hotel (hereinafter the "Promotion Period").
1. Description of the Promotion:
During the Promotion Period, the Organizer will offer the Promotion, under which the guest may purchase the 30-Day Advance Purchase Rate, which includes the following products and services:
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Minimum stay of two (2) nights' accommodation in the room category selected by the guest for one (1) or two (2) persons.
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Daily buffet breakfast at Harry's Restaurant for the guest(s) (maximum of two (2) guests) who reserved the Promotion, for each day of the stay.
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Prices quoted in USD are subject to the applicable Colombian Market Representative Exchange Rate (TRM) in effect on the date of purchase. Payment shall be be made in Colombian Pesos (COP).