General Terms And Conditions

General Conditions of Sale, Delivery and Service of company:

USI HOLDING OÜ
Miiduranna tee 53
74015 Harju maakond-Estonia

+372 59196102 Phone
www.usi-holding.com
info@usi-holding.com

Reg.No. 12925938
VAT nr.: EE101951838

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Date of issue: 01.12.2017 – Valid until recalled


1. The binding nature of these conditions

Delivery is made and services are carried out by us with regard to motors, components or single parts (in the following “contractual objects“) only on the basis of the following conditions. Any and all terms and conditions of the client, especially its purchase conditions are not binding for us, even if we do not expressly reject them, provided we did not explicitly accept those conditions in writing.

2. Offers – Cost Estimates

In case the client is a merchant, our offers are understood as an invitation for an offer, if not agreed otherwise in writing. Under the same condition, that the client is a merchant, the extra deliveries and services such as travel costs and demontage services necessary for the cost estimate will be charged extra to the client; this is even the case, when these services will not be provided or be provided in a different way. If the client, regardless whether he is a merchant or not, requests a binding cost estimate, such cost estimate will be provided in written form. It will include the respective services and parts in detail as well as the respective price. The contractor shall be bound to the binding cost estimate until 21 days after its delivery. In case of non-binding cost estimates deviations up to 10 % are valid. In case of further deviations the contractor promptly provides the consent of the client before carrying out further services. In such a case the client is entitled to terminate the contract. In case of termination the contractor is entitled to reimbursement of costs as well as an adequate profit. If agreed upon on a case by case basis, the contractor may charge the client the services for providing the cost estimate. If an order is based on a cost estimate, the charge for the cost estimate will be carried out with the invoice for the order itself. Prices in the cost estimate will be shown on a net basis; with regard to a nonmerchant VAT set out separately.

3. Orders for services / repairs

3.1. The scope of the respective services / repairs has to be determined by the client. If this is not possible, the contractor will determine the respective services after consultation with the client. The agreedupon services to be rendered by the contractor are defined in the order or in a confirmation letter. The approximate or binding delivery date will be defined herein. If it becomes apparent during rendering of services that repair of the contractual object is not possible which was not apparent at the time of order the contractor is entitled to charge the client the services rendered up until then. If it becomes apparent during rendering of services that repair is commercially inefficient which was not apparent at the time of order the contractor will promptly notify the client in order to reach a decision by client. If client decides that the order will not be completed because of commercial inefficiency the contractor is entitled to charge costs up until then including an adequate profit.

3.2. The contractor is not liable for defects arising out of brochures, diagrams, samples etc. as well as information provided by the client if not to be reasonably discovered by the contractor.

4. Purchase / Barter

4.1. Consideration on the part of the contractor could be delivery of a new or completely overhauled contractual object even against delivery of the respective old motor, a component or a single part of the same type. The contractor may deviate in delivery in so far as it is reasonable for the client. Contractual objects of the client which are transferred to the contractor for installation or by way of barter have to be free of defects save of ordinary wear and tear, namely the delivered contractual objects have to be free from welded or non-welded breakings or tears.

4.2. Special agreements of compensation apply in case of barter of a contractual object.

5. Prices and Payment Terms

5.1. Prices cover delivery ex works contractor. The respective price lists apply, value added tax will be added to the respective prices.

5.2. The respective prices do not cover porto, freight and package. If package is provided by the contractor, it will be charged on a cost basis. Objections to invoices shall be notified within 8 days after invoice delivery if the circumstances do not provide otherwise.

5.3. Statutory VAT will be added. If the client is not a merchant, the price will include VAT which will be set out separately.

5.4. For contractual objects which are delivered by way of barter the agreed upon price will depend on the fact that the major parts can be repaired; parts which cannot be repaired will be charged separately.

5.5. Payments are due net at delivery of invoice if not agreed upon otherwise in writing. Discounts of early payment are invalid. Checks and drafts are accepted only if agreed in advance; acceptance of checks and drafts does not constitute payment and the debt is not cleared until the check or draft is honoured without reference back. All expenses for checks and drafts will be chargeable to the client’s account.

5.6. Setoffs are only valid if the counterclaim has either been finally decided by court, or has been agreed upon or is undisputed. A right of retention lies for the client in so far, as the claim on which the right of retention is based arises out of the same contractual relationship.

5.7. In case of considerable costs for material or long-term services the contractor may ask for an adequate down payment for refinancing.

6. Completion / Time for delivery

6.1. If agreed upon the time of completion or time of delivery is of essence.

6.2. If time is of essence for delivery or for rendering of services the statutory rights remain untouched; this even applies when in case of delay of the contractor performance of delivery or services is of no value for the client.

6.3. In case the client modifies or enlarges the agreed upon scope of delivery or services the contractor shall not be liable for delays caused there from. The contractor will provide the client promptly with an new completion or delivery date, naming the reasons therefore.

6.4. If not-timely performance is caused by acts of god or disruptions even in the sphere of suppliers or sub suppliers which are not caused by the client, the client is not liable for damages rising out of such delays. He will inform the client promptly.

6.5. Time for completion or delivery is extended by the time in which the client is in arrears with the delivery of parts to be provided by him. The contractor is entitled to terminate the contract after an adequate grace period.

7. Acceptance

7.1. Acceptance is carried out at the contractor’s premises if not agreed otherwise.

7.2. The client is in arrears with acceptance if he does not take possession within two weeks after notification of completion or after delivery of the invoice against payment of the due invoice.

8. Delivery

8.1. Delivery of the contractual object is on account and on risk of the client ex premises of the contractor if not agreed otherwise in writing. The same applies for services. If the client requests delivery franco domicile, delivery will be carried out on account and on risk of the client.

9. Security interest

9.1. Until the client has met fully all financial obligations arising out of the relationship between contractor and client the contractor retainsthe property rights to the contractual objects. If the client is a merchant the security interest encompasses the respective balance of claims between contractor and client in case of an overdraft relationship. In such a case the security interest extends to the respective balance if the client becomes insolvent.

9.2. If the client processes the contractual object, he explicitly agrees that it will be on account of the contractor. The contractor will receive title with regard to the processed contractual object.

9.3. If the client is a merchant who in the ordinary course of business is entitled to sell the contractual object the client will assign to the contractor the claims vis a vis its customers in case of resale; the client may collect these claims if he is not in arrears with payment vis a vis the contractor. In case of arrears of payment the contractor is entitled to revoke the power of resale as well as the power of collection for the contractual object in writing. In this case the client is obliged to transfer all information, documents and material to the contractor which include information on the claims of the client against is customers in order to place the contractor into the position to claim against the client’s customers directly.

9.4. In case of fixture or confusion of the contractual object with other property the contractor is entitled to an undivided interest in this property if this property is not to be considered as the main property. In the latter case the client will hold the main property as security interest for the contractor. This security interest is held by the contractor for the client without compensation.

General Conditions of Sale, Delivery and Service of company:

USI HOLDING OÜ

Miiduranna tee 53
74015 Harju maakond-Estonia

Date of issue: 01.12.2017