Detailed below are the terms and conditions of hire between Production Technology LLC (Protec) and its client (Client).

Hire Period
    This is defined as the period of time from the date that the equipment leaves the warehouse of Protec to the date that it is returned to the warehouse of Protec. These dates will be agreed between Protec and Client prior to the transit of equipment from Protec's warehouses and stated on the quotation supplied by Protec to Client. Any adjustment to this hire period after the date that the equipment leaves Protec's warehouses, whether an extension or reduction to the overall period, should be negotiated at the time and will be invoiced to Client as a variation.

Equipment
    The equipment, the subject of an individual hire, is the property of Protec and will remain the property of Protec throughout the hire period. Protec will check the equipment prior to delivery to Client. Protec will supply suitably qualified personnel to operate the equipment.

Confirmation Of Hire
    Confirmation of hire is only recognized as such after the receipt by Protec of a signed fax authority, or signed letter from Client agreeing to all related terms and costs of hire as detailed in the quotation supplied by Protec. It is subject to the Exclusions and Terms as outlined in the relevant page of this quote.

Variations
    All variations as regards to equipment, location, hire period and personnel should be negotiated and agreed in writing with Protec by Client and signed by both parties. These variations and any related charges would be invoiced to Client accordingly.

Payment Terms
    Unless otherwise indicated on the quotation supplied by Protec to Client, it is agreed that the payment terms are as follows:
50% payment upon receipt of the written confirmation order by Protec from the hiree.
50% payment upon the completion of the installation of the equipment at the designated venue.

Variations - These will be billed separately and will be payable according to the above terms. If the variations have been negotiated and agreed post the completion of the installation stage then all variations become payable immediately.
Breach of Payment Terms - In the event of failure by Client to adhere to the agreed payment terms, then Protec reserves the right to consider that Client is in breach of contract and liable to the applicable cancellation fees.
Cancellation fees - all cancellation fees as detailed below are payable immediately upon receipt by Protec of signed fax confirmation of the cancellation.

Cancellation & Postponement Penalties
    Cancellation 14 calendar days or less from the commencement of the hire period will result in a 100% cancellation fee equivalent to the full value of the job.
    Cancellation 1 calendar month or less, but greater than 14 calendar days will result in a 50% cancellation fee equivalent to 50% of the full value of the job.
    Cancellation in excess of 1 calendar month will result in no cancellation fee being charged.
    All cancellation fees are payable immediately upon receipt by Protec of signed fax confirmation of cancellation from Client.
    Postponement penalties are identical to the cancellation fees detailed above, but 50% of their value will be credited to client when the job is reinstated.