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VesselsValue Limited terms and conditions for use of data

IMPORTANT - PLEASE READ THIS AGREEMENT CAREFULLY AS IT GOVERNS YOUR USE OF THE VESSELSVALUE WEBSITE. NOTE THAT THIS AGREEMENT CONTAINS IMPORTANT PROVISIONS THAT YOU SHOULD READ. PLEASE PRINT A COPY FOR YOUR RECORDS. YOU MAY NOT USE THIS WEBSITE UNLESS YOU AGREE THESE TERMS.

    The Market Value provided is VesselsValue’s opinion, in US Dollars (USD), of the trading price that the aircraft would obtain in a hypothetical arms-length, open-market transaction occurring on the Market Value’s effective date under the market circumstances that are perceived to exist at the time, with the aircraft having had an adequate amount of time for effective exposure to prospective buyers. Both the buyer and the seller are presumed to be equally knowledgeable, of reasonable creditworthiness, broadly equal negotiating strength, willing, able, and under normal commercial pressure to complete the transaction under standard commercial terms without undue delay. The price paid is for the aircraft only, free and clear of any liens or other value considerations (such as an attached lease, maintenance reserves accumulated or owed, part exchanges, abnormally favourable or unfavourable finance terms, or any other encumbrance).

    It is further assumed that the aircraft is intact, airworthy and in a configuration and condition for its relevant age that would facilitate sale without hindrance at the price indicated by the Market Value. This assumption includes, but is not limited to, that the aircraft has a typical specification and layout, is free from abnormal damage or defect, and the physical condition of the aircraft and presentation of the records conform to reasonable industry expectations. Furthermore, the aircraft and major components are assumed to be mid-way between their respective major overhaul or replacement intervals (or benefitting from an above average maintenance status if new or nearly new, as the case may be). These assumptions result in what is sometimes referred to in the aviation industry as the valuations being basis 'Half-Life' (or 'Mid-Life' as per ISTAT).

    The Market Value constitutes an opinion that is effective as at the valuation date only.

    VesselsValue has neither made a physical inspection of the aircraft nor inspected its records. All statements made in these valuations are derived from technical specification, commercial, and other relevant information available to VesselsValue at the date of the valuation and are based on the assumptions outlined above. While reasonable effort has been made as to the veracity of the information gathered, VesselsValue makes no warranty as to the accuracy of information provided by third parties, and no assurance is given that the value will be sustained or realisable in any actual transaction.

    Any person contemplating entering a transaction of any nature whatsoever should not rely on any statement (express or implied) made in these valuations without undertaking all necessary due diligence including but not limited to inspection of the aircraft and its records, or other independent means as to ascertain the correctness of statements made in these valuations.

    Aircraft are valued individually. If two or more aircraft were to be placed on the market at the same time, no assurance is given that the amount realisable would be equal to the total of the individual values.