Epoka Group A/S offers both long-term an short-term rental and leasing solutions. We can supply you with a solution that completely fullfil your requirements because of our own in-house brokerage department.
Why Rent?
There are many good reasons to consider renting equipment, including:
Why Lease?
Leasing provides price and performance benefits such as:
- Immediate acquisition of equipment
- Conserves working capital
- Planned budgetting
- Payment reflects usage
- Built in flexibility
- Finance the project and pay as you go.
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The contract:
Only the terms set out in this document shall consitute the contract between the Purchaser and Epoka Group (known here-in as EG) for the rental of the equipment.
Hire period:
The hire period shall not be less than six months. In case of own collection, the hire period shall commence on the day the equipment leaves EG; in case of dispatch, it shall commence on the next working day following the dispatch day. The hire period shall terminate on the contractually-agreed date. An extension of the hire period beyond the agreed hire term shall be possible. Early notice of cancellation of the hire agreement shall be possible; however, 2/3 of the remaining hire period shall be charged.
Delivery:
Delivery of the equipment shall be effected when the equipment is turned over to the transporter at the place of delivery. Upon delivery the equipment shall be at the risk of the Purchaser in all respects.
Return of equipment:
The equipment, including accessories and operating instructions, shall be returned by the Hirer in the original packaging, safe from breakage, to EPOKA. The costs of the return transportation shall be at the Hirer’s expense. The risk in the hired items shall always be borne by the Hirer from leaving EPOKA’s warehouse until its return back there.
Invoicing and payment:
The rental shall be charged weekly in advance on rentals ranging from 1 week to 3 months. The rental shall be charged monthly in advance for rentals ranging from 3 months to 24 months.
Interruption of the period shall not be possible. If the hired item is not received by EG by the agreed date, a further charge shall be made for a full period.
Five per cent interest over and above the Danish National Bank's discount rate shall be paid on the outstanding amount in case of arrears, however, not less than 9%.
EG shall also be entitled to demand the immediate return of the equipment and/or to have it returned at the Hirer’s expense. Should the Hirer be in arrears with more than one payment or EG become aware of circumstances which calls the Hirer’s creditworthiness into question, the total rent in respect of the full term of the agreement shall be payable forthwith. The withholding of payments or the offsetting of any counterclaims of the Hirer shall be excluded, unless the counterclaims are incontestable or are based on wilful acts by EG.
Insurance:
The equipment shall be insured by EG. The insurance shall be valid with effect from delivery from EG warehouse until the return delivery to its warehouse. The rate of insurance shall be 5% of the monthly rent. EG’s insurance conditions shall apply. EG must be notified in writing if no insurance claim is submitted.
Use of equipment:
The Hirer shall allow the equipment to be used only by qualified employees in accordance with the manufacturer’s operating instructions and in the manner designated by EG. The Hirer shall be required to follow as precisely as possible all the instructions of the manufacturer or EG and to comply with EG’s technical instructions. The Hirer shall be liable for any loss arising as a result of the non-observance of the regulations/instructions. EG shall be entitled to have the hired item inspected at any time at the place of use.
Possession:
The Hirer shall be required to leave the equipment in its possession. It shall not be permitted to take the equipment outside Europe and to use it elsewhere without EG’s approval. The Hirer shall be liable to EG for any damage or economic loss incurred by EG as a result of these conditions being breached. The embargo provisions shall be observed.
Maintenance:
The Hirer shall be required to maintain the equipment in good condition and to use it in accordance with the operating instructions. In the event of loss or damage of the equipment, apart from normal wear and tear, the Hirer shall be required to indemnify EG at the replacement value.
Damage and defects:
In the event of defects, faults or damage to the hired item, the Hirer shall be required to inform EG immediately and to await its instructions. The Hirer shall not be entitled to perform alterations, changes or adjustments, or to carry out or attempt to carry out repair work on the equipment, unless EG has authorised this in writing. Where the defects, faults or damage with regard to the equipment are not caused by the Hirer, it shall be entitled to a new delivery or immediate improvement of the equipment at EG’s option. Excessive claims for damages shall be rejected.
Trademarks and identification:
Trademarks and identification numbers of the manufacturer or EG, specification labels, calibration labels and any other markings shall be left on the equipment as they are; any change to the hired item shall not be permitted.
Materials:
Packaging, operating instructions and accessories shall be part of the hired item and EG’s property. All components shall be treated with care and returned complete.
Software:
Supplied software may exclusively be used under the licence holder’s known conditions. The Hirer shall take responsibility that use of the software contrary to the terms of the agreement by it or by its support staff shall be excluded. The Hirer shall be aware that improper use may result in the licence holder claiming unlimited damages. It shall hold EG harmless from all claims in this respect.
Distraint:
If the equipment is subject to distraint, the Hirer shall be required to forward the distraint protocol to EG without undue delay. The same shall apply if rights are enforced on the hired item by an outside authority (property owners, mortgagees, etc.).
The terms:
In the event of any provision of these hire conditions being found to be invalid, the remainder of the provisions shall continue to be valid and in full force and effect.
Settlement of disputes:
For sales to customers in Denmark any dispute between the two parties shall be settled at the Court of Aalborg, notwithstanding that the nature of the dispute may be a High Court case.
For sales to foreign customers any dispute shall be settled in accordance with the rules and regulations of the Danish jurisprudence at the Court "Sø- & Handelsretten" in Copenhagen.
These hire conditions shall supersede and override all previous hire conditions.
Pandrup, September 2006.
