Standard Conditions of Sale (2025 v1.0)
1. Definitions
- Defines key terms used throughout the agreement, including AELS, (Aircraft) Component, BER (Beyond Economic Repair), Ex Works, Exchange, IATA, ICAO, Order, Purchase price, Purchaser, and Seller.
2. Purpose and General
- These Terms and Conditions of Sale (TCS) apply to all quotations and sales made by AELS.
- Placing an order or making a payment constitutes acceptance of these TCS.
3. Retention of Title and Risk
- AELS retains ownership of the sold goods until full payment is received.
- The risk of loss or damage transfers to the Purchaser upon delivery.
4. Order and Financial Issues
- Orders must be placed in writing.
- Cancellations or modifications require prior written consent from AELS.
- Prices are stated exclusive of taxes and duties.
5. Payment
- The purchase price must be paid in US Dollars (US$), pre-paid or NET 30.
- Late payments automatically place the Purchaser in default, incurring a 2% monthly interest rate and liability for out-of-court collection fees (minimum 15% of the purchase price).
6. Deliveries
- Components are delivered Ex Works (EXW).
- The Purchaser is responsible for all customs formalities.
- Any claims for shortages or apparent defects must be submitted to AELS within 10 days of receipt.
7. Warranty for Aircraft Components
- As-is (AI): Supplied as-is with no claims allowed post-delivery.
- As-removed (AR): Supplied with full trace but no airworthiness statement. Settlements may be suggested if the unit is deemed Beyond Economic Repair (BER) within 3 months.
- Serviceable (SV): Includes a 6-month warranty from the date of delivery.
- Overhauled (OH): Includes a 12-month warranty from the date of delivery.
- Warranties are exclusively limited to correction or replacement and require the components to have been properly stored, installed, and maintained without misuse or involvement in an accident.
8. Liabilities and Insurance
- The Purchaser waives all claims against AELS for damages to aircraft, properties, employees, or third parties, unless caused by gross negligence or willful misconduct by AELS.
- AELS is not liable for indirect or consequential damages, such as loss of use or profit.
- The Purchaser must maintain satisfactory insurance coverage naming AELS as an additional insured.
9. Confidentiality
- Any commercial or technical information provided by AELS is deemed confidential and cannot be disclosed or reproduced without prior written consent.
10. Miscellaneous
- AELS may terminate the sale with immediate effect if the Purchaser fails to remedy a material breach of obligations.
- In case of non-payment, AELS holds a right of retention and possessory lien over items in its facilities.
11. Cancellation or Return of Product
- Products cannot be returned without AELS's prior written authorization.
- Non-warranty returns are subject to a 25% restocking fee based on the invoiced value, or a minimum of $600 USD (whichever is higher).
12. Governing Law and Applicable Jurisdiction
- Disputes are subject to the exclusive jurisdiction of the relevant court in Amsterdam, The Netherlands.
- The TCS are considered automatically accepted by the Purchaser unless explicitly rejected in writing.