Terms and Conditions of Sale

Terms and Conditions of Sale

1.1. These Terms and Conditions shall apply to all offers and purchase agreements for goods and/or services (to be referred to as the "Product") in which Aer Technik SRB d.o.o. (hereinafter to be referred to as the "Seller") acts as a provider or seller.

2.1. The prices shall be net in EUR/RSD, exclusive of VAT and "DDP Belgrade, Serbia", unless it's sated differently. If delivery in another manner has been agreed on, the additional costs, including transport and insurance costs, shall be for the Buyer's account.

2.2. All payments shell be in RSD according to the selling exchange rate of the Serbian National Bank (NBS) for EUR on the day of the payment.

2.3. If the prices are net in RSD, they will be based on the selling exchange rate of the NBS for EUR on the day of the offering. In case of change of the selling exchange rate of the NBS for EUR for more than 3%, before order acceptance, prices will be corrected by the same percentage.

2.4. In case of the delayed payment the Buyer must provide the Seller with bill of exchange and all necessary documentation as payment guarantee.

3.1. For the interpretation of the delivery terms, the "most recent Incoterms" issued by the International Chamber of Commerce shall apply.

3.2. The Seller will provide a proper packaging of the Product. The Product will be packed by the Seller in the manner stipulated for the corresponding transport of this type of goods, which must protect the Product from partial or total loss or damage.

3.3. Immediately after the Product is considered as having been delivered, the Buyer shall bear the risk for all direct and indirect damage arising to or because of this Product.

4.1. The Seller guarantees that the Product during the warranty period will not have any flaws and that will fully meet all the agreed technical specifications of the technical documentation. The warranty period guarantees include, without limitation, any deviations from the required functionality and performance, development, quality materials.

4.2. Warranty period for the Product is:

a) for the range of the Oil Injected compressors, twelve (12) months, calculated from the date of the start-up. Warranty period will not exceed eighteen (18) months from the date of delivery from the Manufacturer's factory. Warranty period for the compressor element and electric motor is twenty-four (24) months.

b) for the range of the Oil Free Compressors, twelve (12) months, calculated from the date of the start-up. Warranty period will not exceed eighteen (18) months from the date of delivery from the Manufacturer's factory. Warranty period for the compressor element is sixty (60) months and for electric motor is twenty-four (24) months.

c) for the rest of the products, twelve (12) months, calculated from the date of the start-up. Warranty period will not exceed eighteen (18) months from the date of delivery from the Manufacturer's factory.

4.3. The Seller’s warranty will cover all damages which effect normal function of the Products, and which can be proved to have been caused by bad workmanship or material which is not in accordance with the world standards for this type of the Products.

5.1. Order cancellation must occur by means of a registered letter from the Buyer to the Seller's address, latest 14 days after the issue of official purchase order to the Seller.

5.2. If and insofar as the Buyer wishes to cancel taking possession of the Product, or at least a Product included in the purchase agreement, after expired 14 days of the date of official purchase order issue, the Buyer shall owe the Seller compensation equaling the costs incurred up to the time of cancellation, such costs amounting to at least 30% of the purchase price of the canceled Product.

5.3. The Product shall remain the property of the Seller until paid for in full.

5.4. The Seller shall not be liable for any damage to property caused by the Product after it has been delivered and whilst it is in the possession of the Buyer. Nor shall the Seller be liable for any damage to the Products manufactured by the Buyer, or to the Products of which the Buyers' products form a part.

5.5. Save as otherwise stated in these General Conditions, there shall be no liability for either party towards the other party for loss of production, loss of profit, loss of contracts or for any other consequential or indirect loss whatsoever.

5.6. Deviations from these Terms and Conditions may only be agreed to in writing.