B2B: Terms and Conditions

1. General


1.1. All purchase orders placed shall be subject to the provisions of General Terms and Conditions of Sale.


1.2. The General Terms and Conditions of Sale shall apply to sales of Products by LLarsen to the Customer to the exclusion of all other terms and conditions referred to, offered or relied on by the Customer whether in negotiation or at any stage in the dealings between the parties, including any standard or printed terms tendered by the Customer.


1.3. The General Terms and Conditions of Sale shall apply except when an amendment is specifically approved by LLarsen in writing.


2. Prices


2.1. All sales-prices on the B2B site are according to LLarsen price list and are inclusive of VAT, with VAT specified in the shopping cart.
LLarsen reserves the right to any price changes without notice, and shall not be liable for any printing errors. The LLarsen price list is confidential. Customers are bound not to release the price information to third party.


2.2. All Products carry a Recommended Retail price on confirmed order, price tags are delivered blank.


3. Payment


3.1. Invoices are rendered in USD/EUR/GBP/DKK ex works. Transportation cost is charged and presented separately.


3.2. Credit terms may be offered subject to satisfactory credit evaluation of the Customer. The offer of credit will be at the sole discretion of LLarsen.


3.3. Standard Payment Terms are 30 days net. after date of shipment, depending on volume in order. In cases where credit is not offered payment will be required before release of Products by LLarsen. Payment instructions will appear from the invoice.


3.4. In case of delayed payment LLW is entitled to claim a 1,8% interest to be charged for each commenced month as from maturity date. The right to claim further damages is reserved.


4. Reservation of Title


4.1. LLarsen shall remain the owner of all Products until it has received the agreed upon payments in full.


5. Delivery


5.1. Any damages, shortages, over deliveries and duplicated orders should be reported to LLarsen within 14 days of receipt to enable replacement or refund.


5.2. All deliveries and fulfilment of agreements will be EX-Works according to Incoterms. Transport to any destination arranged by LLarsen will be considered to be in the name and/or on behalf of the Customer.


5.3. All Products are sold on a firm sale basis, i.e. LLarsen will not take back any Products not required or sold by the Customer, unless otherwise agreed in writing with LLarsen.


5.4. LLarsen is not responsible for any damages, losses or costs of any kind including, but not limited to, loss of revenues or profits incurred as a result of late delivery of Products.


5.5. LLarsen cannot guarantee all Products to be in stock, and shall not be liable for Products out of stock.


6. Limitation of Liability


6.1. In no event shall LLarsen be liable for any indirect, special, incidental or consequential damages or loss including but not limited to loss of income, loss of use, loss of data, loss of business or profits howsoever arising and whether caused by tort (including negligence), breach of contract or otherwise. To the extent permitted by Danish law, LLarsen does not accept any liability for any damage or injury caused by the use or misuse of products purchased from LLarsen.


6.2. To the extent that LLarsen may be liable for a breach of a condition, the maximum aggregate liability for any product supplied to the Customer, shall in no circumstances exceed the amount payable by the Customer to LLarsen in respect of the product(s) in question.


7. Force Majeure


7.1. LLarsen shall not be responsible for any delay or failure in any performance due, without limitation, to acts of God, war, warlike conditions, blockade, embargoes, riots, governmental restriction, labor disturbances, unavailability of anticipated usual means of supplies, transportation or loading facilities, wrecks, epidemics, acts of terrorism, quarantine, fire, flood, earthquake, explosion, any unforeseen change in circumstances, or any other causes beyond its reasonable control.


8. Warranty

8.1. LLarsen will provide a limited lifetime warranty. The LLarsen warranty covers manufacturing defects.


8.2. A covered component will be repaired or the watch will be replaced free of repair charges, if it proves to be defective in material or workmanship under normal use. If the Customer requires service based on a manufacturing defect, the watch is to be send to LLarsen Service department.


8.3. The warranty does not cover:


- The life of the battery and mechanical movements. Warranty provided to these components is two(2) years. - Normal wear and tear and aging (e.g. scratched crystal; alteration of the colour and/or material of non metallic straps and chains, such as leather, plastic, textile, velcro; peeling of the plating). - Any damage on any parts resulting from abnormal/ abusive use, lack of care, negligence, accidents (water damage, knocks, dents, crushing, broken crystal, etc.), or incorrect use.


8.4. The warranty extends to the original owner and the proper warranty card must be presented when the watch is submitted for service.


9. Protection of Trade Marks and Design


9.1. All trademarks, brand names, product names, titles and copyrights related to Products are trademarks, brand names or copyrights of their respective holders. They are protected by international and national laws and must not be used or reproduced without express permission by LLarsen.


9.2. The Customer may not directly or indirectly sell or supply Products to any Internet web shop without prior written consent of LLarsen.


9.3. The Customer may not use, copy, reproduce, republish, upload, post, transmit, distribute, or modify LLarsen trademarks in any way, including in advertising or publicity pertaining to distribution of materials on the Internet, without the written consent of LLarsen.


9.4. If Products are sold to a third party wholesaler or retailer by the Customer, the Customer must ensure that terms according to section 9.3. are prevailing as part of Trade Conditions.


9.5. The Customer is not at liberty to dispose of any stock of Products in his possession in any other way than have been approved by LLarsen. If and when so desired by LLarsen the Customer will endeavor to have Products in the possession of third parties returned to LLarsen on equal terms, but cannot be held liable in any way in the event that any third party declines and / or refuses to comply.


10. Governing Law and Jurisdiction


10.1.This Agreement and these terms of sale shall be construed in accordance with and governed in all respects by the laws of Denmark and the parties hereto agree to submit to the exclusive jurisdiction of the Sea and Commercial courts of Copenhagen, Denmark.