Legal Notice - Disclaimer - Conditions and Procedures of Broker Services - Aircraft Offered -
OneWorld – Disclaimer
OneWorld uses its best efforts to provide accurate information about the aircraft we represent. However, information provided by OneWorld has not been independently confirmed or audited. Accordingly, it is not warranted for accuracy and subject to verification by the purchaser during the pre-purchase inspection.
All offers for aircraft need to be submitted in writing in order to be thoroughly evaluated. You may email this directly to email@example.com. We would be glad to assist you with your offer.
The Aircraft shall remain available “On the Market” and for sale with no rights for a potential buyer until a written agreement has been fully ratified by both parties and an acceptable deposit has been tendered to the owner via an agreed structure.
A refundable deposit as agreed with the owner must be placed with a reputable escrow company before any aircraft will be removed from the market.
The “Remitter” of the deposit to the escrow company must be the same as the “Purchaser” on the Offer or Aircraft Purchase Agreement. The deposit becomes non refundable after completion of the technical inspection and written “Acceptance” of the aircraft by the purchaser.
THE PURCHASE AGREEMENT
Subsequent to the Offer but prior to “Acceptance” of the aircraft, both parties shall execute a mutually agreeable Purchase Agreement, which shall represent the full agreement between the purchaser and seller.
There are no warranties of condition whatsoever offered with “Pre-owned” aircraft subsequent to closing and delivery.
COST OF MOVEMENT
Industry standard is for the purchaser to pay for all direct costs of movement of the aircraft related to the pre-purchase inspection. This would typically include fuel, all route ad airport charges, hotel and crew expenses from the aircraft’s home base to the inspection facility and return in the event that the aircraft is rejected for any reason.
Any test flights shall be at the expense of the purchaser. The purchasers cost of movement obligation may be collectible from the escrow proceeds.
OneWorld encourages all prospective purchasers to contract a reputable maintenance facility to conduct a thorough technical inspection of the aircraft.
The burden of “Due Diligence” to determine that the aircraft is acceptable and as represented rests solely with the purchaser.
All costs of the Technical Inspection shall be at the sole expense of the purchaser and paid in advance. Inspection expenses may be deductible from the escrow proceeds in the event of non-payment. Upon request, we would be glad to redirect you to reputable facilities for the respective type aircraft.
CONDITION AT TIME OF SALE:–
In general, the aircraft at time of final closing should be in good operating condition as determined by the purchaser. We repeat that the burden of due diligence to determine the aircraft’s condition during the Technical Inspection phase rests solely with the purchaser. At time of closing a delivery, the aircraft is purchased in an “AS-IS” and “WITH ALL FAULTS” basis. There are no warranties of condition whatsoever subsequent to delivery or closing.
Any and all sales taxes related to the transaction, shall be at the expense of the buyer. Certain countries do not have a sales tax and we usually recommend closing and delivery occur in these countries. Some Countries have lower taxes or immediate “fly-away” rules pertaining to the sales tax. Should a closing and delivery occur in a Country where a sales tax is required, the seller may be required to collect it.
CLOSING – DELIVERY – PAYMENT:
In general, final payment, closing and delivery shall be simultaneous. Simultaneous payment and transfer of title is conducted through the selected escrow company as an independent 3rd party facilitator. Escrow fees are typically split equally between buyer and seller.
OneWorld uses its best efforts in fairly representing both buyer and seller in every transaction. No agency is created with any party unless expressly done so in writing.
Web Site Use
By using this web site, you agree to hold OneWorld harmless from any claim or liability in the event of a dispute with any other party involved in the purchase or sale of an aircraft.
See Legal Notices for full details about use of this site.