OMNIJET NBAA member since 1966 AIRCRAFT SALES & ACQUISITIONS Since 1963 OMNI INTERNATIONAL JET TRADING - 9415 Jet Lane - Easton, MD 21601 Office: 410-820-7300 www.omnijet.com
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AIRCRAFT FOR SALE
Unless superceded by specific terms of a ratified contract, all aircraft offered by or through Omni International Jet Trading are offered subject to purchasers acceptance of the following terms and conditions: SPECIFICATIONS Omni uses its best efforts to provide accurate information about the aircraft we represent. However, information provided by Omni Jet Trading has not been independently confirmed or audited. Accordingly, it is not warranted for accuracy and is subject to verification by the purchaser. The responsibility for “Due Diligence” to determine the condition of the aircraft rests solely with the purchaser. THE OFFER Offers for aircraft need to be submitted in writing in order to be thoroughly evaluated. You may use the customary offer form found on Omni’s website or you may use your own. We would be glad to assist you with your offer. 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 with an escrow company. THE DEPOSIT A refundable deposit of at least 2% of the offer price 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. Wiring instructions for several different escrow companies are provided on this website. THE PURCHASE AGREEMENT As an option, we recommend that the parties execute a definitive Aircraft Purchase Agreement prior to the Technical Inspection, 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 payment. 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 amount is collected in advance and will typically include fuel 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 also be collectible from the escrow proceeds depending on terms. TECHNICAL INSPECTION We repeat, the burden of “Due Diligence” to determine that the aircraft is acceptable rests solely with the purchaser. Omni is a marketing company and does not provide technical services, nor have we independently verified the condition of the aircraft. All costs of any Technical Inspections performed by the Purchaser shall be at the sole expense of the purchaser and pre-paid in advance. Any test flights or operation of the aircraft prior to full payment shall only be conducted by the sellers crew. Inspection expenses may be deductible from the escrow proceeds in the event of non-payment. Upon request, we would be glad to recommend reputable facilities for inspection of the respective type aircraft. CONDITION AT TIME OF SALE At time of payment, the aircraft is purchased on an “AS-IS” and “WITH ALL FAULTS” basis. There are no warranties of condition whatsoever subsequent to title transfer and payment for the aircraft. RISK OF LOSS The risk of loss shall transfer at the time of payment and title transfer. TAXES The purchase price of the aircraft does not include any amounts for sales tax. Any and all sales taxes related to the transaction, shall be at the expense of the buyer. The buyer indemnifies seller from any sales tax. Certain states do not have a sales tax and we usually recommend closing and delivery occur in these states. Some states have lower taxes or immediate “fly-away” rules pertaining to the sales tax. Additionally, there are exemptions for buyers with dealer resale certificates. Should a closing and delivery occur in a state where a sales tax is required, the seller may require collection at time of payment. CLOSING - DELIVERY - PAYMENT Final payment, closing and delivery shall be simultaneous. Simultaneous payment and transfer of title is usually conducted through the selected escrow company as an independent 3rd party facilitator. Escrow fees are typically split equally between buyer and seller. MISCELLANEOUS Omni uses its best efforts in fairly representing both buyer and seller in every transaction. However, no agency is created with any party unless expressly done so in writing. cess. TERMS OF SALE
OMNIJET Since 1963 TERMS OF SALE Washington DC | Los Angeles | Orlando | Miami London | Ankara | Indianapolis | Vancouver | Valencia
OMNI INTERNATIONAL JET TRADING www.omnijet.com Office: 410-820-7300
Wiki Mailto twitter Linkedin FB fr br sp gm Unless superceded by specific terms of a ratified contract, all aircraft offered by or through Omni International Jet Trading are offered subject to purchasers acceptance of the following terms and conditions: SPECIFICATIONS Omni uses its best efforts to provide accurate information about the aircraft we represent. However, information provided by Omni Jet Trading has not been independently confirmed or audited. Accordingly, it is not warranted for accuracy and is subject to verification by the purchaser. The responsibility for “Due Diligence” to determine the condition of the aircraft rests solely with the purchaser. THE OFFER Offers for aircraft need to be submitted in writing in order to be thoroughly evaluated. You may use the customary offer form found on Omni’s website or you may use your own. We would be glad to assist you with your offer. 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 with an escrow company. THE DEPOSIT A refundable deposit of at least 2% of the offer price 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. Wiring instructions for several different escrow companies are provided on this website. THE PURCHASE AGREEMENT As an option, we recommend that the parties execute a definitive Aircraft Purchase Agreement prior to the Technical Inspection, 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 payment. 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 amount is collected in advance and will typically include fuel 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 also be collectible from the escrow proceeds depending on terms. TECHNICAL INSPECTION We repeat, the burden of “Due Diligence” to determine that the aircraft is acceptable rests solely with the purchaser. Omni is a marketing company and does not provide technical services, nor have we independently verified the condition of the aircraft. All costs of any Technical Inspections performed by the Purchaser shall be at the sole expense of the purchaser and pre-paid in advance. Any test flights or operation of the aircraft prior to full payment shall only be conducted by the sellers crew. Inspection expenses may be deductible from the escrow proceeds in the event of non-payment. Upon request, we would be glad to recommend reputable facilities for inspection of the respective type aircraft. CONDITION AT TIME OF SALE At time of payment, the aircraft is purchased on an “AS-IS” and “WITH ALL FAULTS” basis. There are no warranties of condition whatsoever subsequent to title transfer and payment for the aircraft. RISK OF LOSS The risk of loss shall transfer at the time of payment and title transfer. TAXES The purchase price of the aircraft does not include any amounts for sales tax. Any and all sales taxes related to the transaction, shall be at the expense of the buyer. The buyer indemnifies seller from any sales tax. Certain states do not have a sales tax and we usually recommend closing and delivery occur in these states. Some states have lower taxes or immediate “fly-away” rules pertaining to the sales tax. Additionally, there are exemptions for buyers with dealer resale certificates. Should a closing and delivery occur in a state where a sales tax is required, the seller may require collection at time of payment. CLOSING - DELIVERY - PAYMENT Final payment, closing and delivery shall be simultaneous. Simultaneous payment and transfer of title is usually conducted through the selected escrow company as an independent 3rd party facilitator. Escrow fees are typically split equally between buyer and seller. MISCELLANEOUS Omni uses its best efforts in fairly representing both buyer and seller in every transaction. However, no agency is created with any party unless expressly done so in writing. cess.
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