• The Company reserves the right to revise the service charges if any condition(s) herein has been changed.
• Payment of claim is upon the container limit not being exceeded.
• Annual Fee, it will be adjusted and increased by not less than 10% of the above service charges every 12 months as agreed by both parties.
• The above service charge is VAT excluded.
D. Limits:
Value of all Valuables given at one collection point by the Client to the Company shall not exceed:
- Per container limit: Bath 5,000,000.- (Bath five million only); and/or
- Per consignment per trip per branch: Bath 500,000.- (Bath five hundred thousand only); or
- The amount of the actual indemnity limits as determined by the official collection receipt.
E. Understanding:
The Company seek to minimise security risks, in particular the risk of loss or damage to Valuables, consequential loss to the Client and injury to its and the Client’s employees. Accordingly it is assumed that:
1. The Client will ensure compliance with clauses 9 and 10 overleaf;
2. The Client will implement any reasonable Security Recommendations made by the Company;
3. The Company have an absolute discretion as to the route of a Trip and any place of storage to be used for the Valuables and as to whether any particular service will be provided exclusively for the Client or in conjunction with similar services for other the Clients.
The Client acknowledges that this Agreement has been negotiated on the above basis.