Excavator - LiuGong 908E

Terms

• Lessor – the owner of the leased item, the party granting the lease.
• Lessee – the user of the leased item, the party receiving the lease.
• Parties – the Lessor and the Lessee.
• Agreement – a written contract between the Parties for the use of the leased item.
• Leased Item – equipment, devices, and other inventory specified in the Agreement.

Subject of the Agreement

• The lease relationship begins with the execution of the Agreement between the Parties.
• The subject of the Agreement: equipment, devices, and other inventory.

Term and Conditions

• The lease begins on the date the equipment is received and ends upon its return.
• Lease day: the first day is the handover day; the last day is the return day (if returned after 10:00, the previous day is considered the final lease day).
• Maximum lease term – 60 days, unless otherwise specified in the Agreement.
• In case of exceeding the term, the Lessee shall pay triple the standard fee.

Handover and Return

• The Lessee must inspect the equipment upon receipt and report any deficiencies within 2 days.
• The equipment must be returned in the condition it was received, excluding normal wear and tear.
• The return is confirmed by the Parties’ signatures.
• In case of non-compliance, the Lessor has the right to demand compensation.
• Equipment not returned within 10 days shall be considered lost.
• The Lessor has the right to refuse acceptance if the equipment is damaged.

Lease Fee

• Determined according to the current price list, including VAT.
• The fee covers only temporary use and does not include: installation, transportation, storage, setup, or dismantling.
• Payment can be made in cash or via bank transfer.

Obligations of the Parties

Lessee

• Use the equipment in accordance with established rules.
• Follow safety regulations and written instructions.
• Contact the Lessor in case of any issues.
• Not repair, modify, or transfer the equipment to a third party without the Lessor’s written consent.
• Ensure technical maintenance and safe storage.
• Return the equipment in accordance with the Agreement.

Lessor

• Deliver the equipment at the agreed time and place.
• Ensure the equipment is in proper working condition.
• Provide necessary information regarding lease rules, fees, and technical condition.

Liability

• Any damage caused by a Party’s breach is fully borne by the breaching Party at the moment of breach.
• The Lessee is responsible for loss or damage to the equipment (except for normal wear and tear).
• The Lessor’s liability is limited to repair or replacement of the equipment.

Termination of the Agreement

• Upon expiration of the term, the equipment is returned to the Lessor, and the Agreement is concluded.
• The Lessor may terminate the Agreement early by giving 3 days’ written notice if the Lessee violates obligations.
• The Lessee may terminate the Agreement and return the equipment under the same conditions.

Additional Conditions

• Additional conditions are specified in the annex to the Agreement.
• The Parties may make changes in writing.
• Disputes shall be resolved through negotiation; if unresolved, through court or arbitration.