Terms & Conditions

General Terms and Conditions of Sale

Our general terms and conditions of sale are stated below

Payment

Prior to completion of sale or at any time thereafter specified by Leuven Inventory Management Limited (LIML), the Purchaser shall pay to LIML the full purchase price for the item. 

LIML at its discretion may or may not require immediate payment or part payment for an item.

Warranties

Inventory is available for inspection prior to the sale and it is deemed that the goods have been inspected by the Purchaser. Equipment is sold in its current state and condition at the time of the sale with all defects and faults latent, patent or otherwise (if any). The Purchaser shall be bound to take delivery of the goods sold without adjustment in price. 

Advertisements for the items or forthcoming sales are statements of opinion and are not to be relied upon as statements, or representations of fact and intending purchasers must satisfy themselves by inspection or otherwise as to the nature and condition of the goods offered for sale. If there is any reference to the state of repair, condition, fitness or quality of any goods by LIML, the Purchaser acknowledges that such reference is information provided by LIML.

All Goods are sold and provided on an ‘as is, where is’ basis, and therefore no warranty or guarantee will be offered by LIML. Goods may be used, and therefore LIML does not warrant that the Goods are fit for the Purchaser’s purpose.

Any warranties guaranties or conditions as to quality or fitness for purpose implied by the common law or provided by statute are hereby expressly excluded. In addition no warranty or guarantee shall be implied from any statement or affirmation made at or before the time of sale or otherwise, and in all cases where a guarantee or warranty is intended, the same shall attach and be enforceable only if expressly given in writing and signed by LIML.

Purchaser shall be responsible for, indemnify, defend and hold harmless LIML from and against all Claims in respect of the Goods, their condition and any defects which may arise.

LIML shall not be liable for any loss or damage suffered by the Purchaser or any third party as a result of any cause whatsoever arising out of or in connection with the Purchase including, without limitation, the Goods not being suitable for the Purchaser’s purpose.

LIML warrants to the Purchaser that LIML has good title to the goods and/or that LIML has proper authority to sell the goods. 

Value Added Tax

The purchase price shall be subject to the addition of Value Added Tax (VAT). The VAT rate currently stands at 20% and the rate applicable at the sale date shall be used.