Terms and Conditions for Short Term Rental

1. Rented equipment

The rented equipment and the rental conditions are clearly specified in the short term rental agreement sent over separately, referred to here as The Agreement.

2. Rental period - Notice

The rental period is valid from the delivery/collection of the equipment or from the date specified in The Agreement.
The Agreement has a one (1) day and a three (3) month mutual period of notice for Short Term Rental with an initial binding period of under one year and over one year respectively. In the event of the termination of The Agreement, the equipment must be sent without delay to the local receiver specified by the lessor within the country.
The responsibility of the lessee for care and maintenance does not cease until the equipment has either been handed in by the lessee or his/her representative or has been collected by the lessor or his/her representative. Taking normal wear and tear into consideration, the equipment should be in good condition and cleaned thoroughly. Otherwise, the lessor is entitled to carry out the necessary cleaning and repairs at the lessee's own expense.
The prices can be amended during the agreement period with 3 month's notification.

3. Delivery

The equipment is transported at the lessee's own risk and expense unless The Agreement specifies free shipping, in which case transportation takes place at the lessor's own risk and expense.

4. Rent and Payment

The rent specified in The Agreement is per working day or per month, whichever is specified in The Agreement, and in both cases calculated based on a normal one-day shift. The number of working days and shifts is clearly specified in The Agreement. According to point 2, the rent is calculated from the beginning of the rental period up until that time the equipment has been returned. The maximum number of working hours per year is 800, unless otherwise specified. The regulation of any additional hours to the working hours specified takes place continuously throughout the rental period or when the equipment is returned.
The rent does not include VAT, which is paid by the lessee at the time the rental payment is made. The rental payment is made against the invoice, up to 30 days net after the invoice date. Any other state and/or municipal taxes relating to the use of the equipment or to the rental conditions are debited separately and payed by the lessee at the request of the lessor.

5. The lessor's undertaking

To be responsible for the corrective maintenance of the equipment and keeping it in working order.
Corrective maintenance refers to troubleshooting, repairs, exchange and supply of spare parts as well as testing. Corrective maintenance of equipment must only be performed by the persons appointed by the lessor.
To keep the equipment insured for road traffic, fire, theft and collision damage. General terms and conditions for the insurance of motor vehicles apply for all these insurance types. Collision damage insurance covers damages to the rented equipment. The lessee must immediately report any damage incurred to the lessor's representatives, who then send over a claim form, which the lessee is obligated to fill in and send to the lessor.
The lessor takes care of all contact with the insurance company. The relevant excess as well as VAT must be paid by the lessee to the lessor in all insurance situations.

6. The lessee's undertaking

- To use the equipment according to the instructions and in the way that is prescribed by the lessor and only for the intended purposes.
- To refrain from using the equipment in violation of current statutes or official decisions.
- To keep the lessor informed about where the equipment is being used and stored during the rental period.
- As soon as the equipment requires corrective maintenance, to notify the lessor who will then carry out the corrective maintenance at the earliest possible date.
- To notify the lessor at the earliest possible date if the rental conditions change during the rental period.
- To have the equipment available for inspection and corrective maintenance during the lessor's normal working hours, i.e. weekdays between 7 a.m. and 4 p.m.
- To ensure that the equipment is well looked after and is only handled by personnel who have undergone approved driver training. Salary and other costs for such personnel are paid by the lessee.
- To be responsible for all the damage that the equipment can incur, including, but not restricted to the following:
- Damage as a result of careless or improper use of the equipment, accidents, fire, road traffic damage or any other hazardous event. After the damage has been incurred, the lessee shall compensate the lessor for the costs of restoring the equipment to the state it should have been in, taking normal wear and tear into consideration.
- To be responsible for satisfying, at one's own expense, the normal inspection requirements of the equipment in the daily work, including, but not restricted to the following:

- Carry out the control measures specified in the driver's instructions for the equipment, prior to the start of each shift.

- Supply the necessary propellant (petrol, electricity, liquefied petroleum gas, diesel oil), windscreen washer fluid and water.

- Check daily and, when necessary, fill up the oil in the engine, the oil in the hydraulic system, the coolant and if needed the antifreeze in the cooling system, as well as check the air pressure in the tires daily.
- When renting battery operated equipment, maintain a satisfactory electrolyte level in the batteries as well as charge them and generally make sure that the batteries are taken care of in the best possible way. The charger's connection 220/380 volt. CEE socket must be used. The change to a different type of socket is at the lessee's own responsibility.
- Be responsible for all the costs in connection with punctures.

7. Replacement of equipment

The lessor reserves the right to replace the rented equipment with similar equipment when necessary. Such measures take place at the lessor's own expense.

8. Working environment

Both parties must follow current industrial safety and environmental legislation. The lessor is responsible for ensuring the equipment is provided with clear instructions regarding the prevention of accidents.
The lessee must ensure that the lessor's personnel are informed of the risks that exist in the workplace and when using tools and equipment that are supplied by the lessee.

9. Delay in payment

According to The Agreement, in the event of a delay in the payment of the rent or any other payment, the lessee must pay interest on the due amount equivalent to the current bank interest rate, with the addition of eight (8) percentage points. The lessee must also pay charges for payment reminders, debt recovery costs as well as other costs associated with the delayed payment.

10. Transference

The lessee shall not transfer, sell or pledge the equipment, nor hire out the equipment or parts thereof to third parties.

11. Responsibility for damage to property

The lessee shall compensate the lessor to the extent that the lessor is assigned responsibility in relation to a third party for such damage or loss that the equipment causes to immovable or personal property or products manufactured by the lessee or to products of which the lessee's products are a part of. If the third party makes demands on the lessor or lessee for compensation for damage or loss referred to in this point, the other party shall be informed immediately hereof.

12. Compensation limitation

Other than what is specified in these terms and conditions, the lessee is not entitled to obtain damages or any other type of compensation from the lessor, or take any other measure as a result of the equipment being inoperable due to malfunction, delay in delivery of the equipment or any other cause, whatever that may be. The lessor is not responsible in any way for loss of production, lack of profits or any other economic consequential loss.

13. Notification

Parties must immediately notify each other in writing about a change of address.