|
STATEMENT OF POLICY 2000 The following policy outline is intended to bring the Company - Customer relationship to a common understanding. Furthermore, it will outline the responsibilities of each under any implied or expressed rental agreement.
1. Rental Rates
A. Rental rates provided upon request.
B. Rental will begin from the time equipment is committed and will end when equipment becomes available to Hydro-Engineering, Inc.
C. A one day minimum will be charged for all equipment.
D. Equipment rates are based on a calendar day and a 10 hour shift operation.
E. Each additional shift will be billed at 75%.
F. Equipment exchanged due to misuse or damages shall be considered separate rentals.
G. All applicable sales and use taxes are to be paid by the renter.
H. All rates quoted are FOB Hydro-Engineering, Inc. facility noted.
2. Responsibility of Renter
A. Inspect all equipment upon delivery and before being returned.
B. Operate equipment in area free from all overspray, water blasting, sand blasting, paint, etc. Equipment and accessories must be clean to avoid malfunctions and protective coating failure.
C. Payment in full to clean, repair, recoat, replace, or return to site any equipment parts, or accessories affected.
D. Proper preventative maintenance to include packing, water filter, fuel filters, lubricants, anti-freeze, etc.
E. Proper and safe operation of all equipment rented by trained, qualified personnel, familiar with the equipment.
F. Insure that equipment is not in any way altered or tampered with.
G. Payment at full replacement cost plus accrued rental on any item not returned.
H. Payment in full for consumables: gun repair kit, nozzles, rotary accessory repair kit, packing, brass, plungers, fittings, etc.
I. Payment in full for parts and labor to repair improperly used or damaged equipment, this will include but are not limited to damage caused by dirty water, cavitation, improperly assembled fittings (galling).
J. Provide Hydro-Engineering, Inc. with the proper billing information, billing address, purchase order numbers, job charges, tax status, etc. If your company requires purchase orders, it is your responsibility to issue them.
K. In case of a swap out, the rented equipment being swapped out or replaced must be rented within 48 hours or it will be placed back on rental as a separate unit.
L. Insurance and Indemnification covering the equipment and operations must satisfy the requirements of our attached insurance, is to be provided to Hydro-Engineering, Inc.
M. Any disputes arising between Hydro-Engineering, Inc. and customer shall be resolved by the American Arbitration Association.
3. Terms
A. Standard terms are C.O.D., unless prior arrangements have been made at which time standard term will be net 30 days.
B. Customer will be charged 1-1/2 % interest per month on all past due accounts.
C. Litigation charges for the collection of delinquent accounts will be charged to the customer.
4. Mechanics and Technicians
A. In-shop (Hydro-Engineering, Inc.’s facility) ........................................ $45.00 per hour
B. Field location ............................................................................. * $58.50 per hour, plus
(* 2 hour minimum from Hydro-Engineering, Inc. and back to Hydro-Engineering, Inc.)
C. A minimum of $150.00 per diem plus transportation per person (airfare, company truck, car rental, etc.) will be charged if a mechanic and/or technician is required for an extended or overnight stay.
D. Mechanic or technician company vehicle will be charged at $0.95 per mile round trip.
E. Due to the uncertainty of offshore transportation, charges will be continuous.
5. Delivery & Pick-up
A. All rentals are FOB Hydro-Engineering, Inc. facility noted.
B. Third party delivery & pick-up (hot shot, motor freight, air freight, etc.) will be cost plus 15%.
Note: Charges for delivery and pick-up after normal business hours will include overtime labor expenses.
Shop hours are from: 9:00 a.m. to 5:00 p.m., Monday through Friday
8:30 a.m. to Noon, Saturday
Closed Sunday and legal Holidays
Offshore rates are available upon request.
|