Gateway Export - Terms and Conditions

1. General Terms 1.1 These Terms and Conditions govern all sales made by Gateway Export ("the Company") to customers ("the Purchaser"). 1.2 By purchasing a vehicle from Gateway Export, the Purchaser agrees to be bound by these Terms and Conditions. 1.3 Gateway Export reserves the right to amend these Terms and Conditions at any time without prior notice.

2. Payment and Deposits 2.1 A deposit or full payment must be made as per the agreed terms before any vehicle is shipped, unless otherwise agreed. 2.2 In the event of non-payment or default, any deposit or part payments made will be confiscated and are non-refundable. 2.3 The allocation of funds received by Gateway Export is at its sole discretion and may be applied to outstanding charges as necessary.

3. Vehicle Risk and Condition 3.1 Vehicles are sold on an "as is, where is" basis, with no warranties, claims, or guarantees provided by Gateway Export, unless otherwise agreed. 3.2 The risk of loss or damage to the vehicle passes to the Purchaser upon purchase, regardless of whether the sale is conducted on FOB (Free on Board) terms or any other shipping arrangement. 3.3 No claims shall be entertained regarding the condition, defects, or specifications of the vehicle once it has been purchased.

4. Cancellations and Re-Auction Fees 4.1 In the event of a cancellation or mis-purchase by the buyer, a re-auction fee of 50,000 JPY shall be charged to the Purchaser on top of costs already incurred. 4.2 The Purchaser acknowledges and agrees that re-auction fees are non-negotiable and must be paid promptly.

5. Withholding of Vehicles and Documents 5.1 Gateway Export reserves the right to withhold vehicle release or relevant documentation until full payment, including any applicable fees, has been received. 5.2 Any overdue payment may result in additional charges, including but not limited to storage and administrative fees.

6. Late Payment and Port Charges 6.1 Any late payment beyond the agreed terms shall incur penalties or additional costs. 6.2 Any port storage charges, demurrage, or penalties arising due to late payment are solely the responsibility of the Purchaser.

7. Shipping and Delivery 7.1 The Company will arrange shipping upon receiving full payment, unless otherwise agreed; however, shipping schedules are subject to change without notice. 7.2 The Company is not responsible for any delays, damages, or losses occurring during shipping. It is the purchasers responsibility to make sure that the vehicle is insured for marine insurance.

8. Natural Disasters and Force Majeure 8.1 Gateway Export shall not be held liable for any loss, damage, or delays resulting from natural disasters, extreme weather conditions, earthquakes, tsunamis, typhoons, floods, pandemics, hail storms or any other force majeure events. 8.2 The Purchaser acknowledges that no insurance or cover is provided by Gateway Export for such events and that any resulting damage or loss is solely the responsibility of the Purchaser.

9. Governing Law and Dispute Resolution 9.1 These Terms and Conditions shall be governed by and construed in accordance with the laws of Japan. 9.2 Any disputes arising under these Terms shall be settled through negotiation, failing which they shall be referred to arbitration in Japan. By proceeding with a purchase from Gateway Export, the Purchaser confirms they have read, understood, and agreed to these Terms and Conditions.