Terms and Conditions of Sale of ABC-ARTE Gallery
It is important that you read and understand these terms and conditions before proceeding with this transaction. If there is any term that you do not understand or do not wish to agree to, please discuss it with a representative of ABC-ARTE Gallery (us). Only proceed with this transaction if you wish to be bound by the terms and conditions set out below.
1. PURPOSE AND EFFECT
1.1 These terms and conditions set out all the terms of agreement other than price between you as buyer and us as seller, in relation to the sale and purchase of the item or items identified in the invoice, which we refer to below as "the Work".
We confirm that we either own the Work or are authorized to sell it on behalf of the owner.
The ABC-ARTE Gallery is registered in Italy (Registered number GE - 424616) and its registered address is at Piazza della Vittoria 11A/1B ,16121 , Genova
1.2 If you wish to rely on any variation of, or addition to these terms and conditions, you must ensure that the variation or addition has been agreed by us in writing.
2. STATEMENTS ABOUT THE WORK
2.1 All statements by us as to the authenticity, attribution, description, date, age, provenance, title or condition of the Work constitute our judgement and opinion only (save that this shall not operate so as to exclude any liability on our part for misrepresentation) and are not warranted by us. We do not accept any liability as a result of any changes in expert opinion which may take place subsequent to the sale.
2.2 While we will on request explain the condition of the Work at the time of the sale and provide any information in our possession about condition for which you may reasonably ask, we will not be responsible for any subsequent deterioration of the Work, however occasioned, after the sale.
2.3 You are responsible for satisfying yourself as to any statements made by us as to the matters set out in clauses 2.1 and 2.2 above.
3. PURCHASE ORDER, PAYMENT OF PURCHASE PRICE
3.1 Any offer or acceptance of a purchase order made by you will be deemed an offer to purchase the Artwork.
3.2 An offer or acceptance of a purchase order will be deemed a binding agreement of sale in accordance with these terms only once ABC-ARTE sends a written invoice (“Invoice”) to you.
3.3 Any Artwork that has not been confirmed by an Invoice must be agreed in writing and signed by both parties. These terms are applicable to any additional sales made to you by ABC-ARTE.
3.4 If we are unable to accept your purchase order, we will inform you of this in writing and will not charge you for the Artwork and we will return any down payment you have made in the meantime.
The reason for not accepting your order could be one or more or the following:
3.4.1 the Artwork is unavailable;
3.4.2 we are unable to commission Artwork for any reason;
3.4.3 there are unexpected limits on our resources which we could not reasonably plan for;
3.4.4 a credit reference we have obtained for you does not meet our minimum requirements;
3.4.5 we have identified an error in the price or description of the Artwork; or
3.4.6 we are unable to meet a delivery deadline you have specified.
3.5 You must pay us the full price for the Work, together with delivery costs, any VAT and any amounts payable to us under clause 8 below but excluding any deposit or advance that you may already have paid, by bank transfer or such other methods as we agree, within 30 days after the date of the invoice (unless stated otherwise on the invoice). If we agree with you that the sale is dependent on the issue of an export licence, payment must be made, in the same way, within 7 days after the issue of the export licence. In either case, payment has not been made until we have received cleared funds representing the full amount.
3.6 If you do not make full payment within the relevant period, we will charge you statutory interest.
4. COMMISSSION PAYABLE BY US TO THIRD PARTIES
We may pay a commission to any party who has assisted us with the sale of the Work to you or who has introduced you to us. We will provide you with details.
5. ANTI-MONEY LAUNDERING
Under the terms of the anti-money laundering regulation effective from 10 January 2020 we are required to conduct customer due diligence (CDD) on all sales of works of art over €10,000 before the transaction is carried out. While therefore we may agree such a sale in principle, we will not be able to conclude it until we have received all the necessary CDD information from you and have been able to verify it as required by the regulation.
6. COLLECTION OF THE WORK AND PASSING OF RISK
6.1 You must collect the Work from our premises at an agreed date and time, within 28 days of the date of payment, unless it is agreed in writing that:
6.1.1 you should collect it elsewhere;
6.1.2 we should deliver it to you; or
6.1.3 you should make your own arrangements for someone else to collect it for you.
6.2 Subject to clause 6.3 below, in all cases, you will be responsible for the Work, for the risk of damage to it or loss of it and also for insuring it, from the time and date agreed for its collection including if damage or loss is sustained during collection or transit.
6.3 If however, we permit you to take delivery of the Work without your agreement to purchase it, for example on approval, we will continue to be responsible for insuring it.
7. PASSING OF OWNERSHIP
7.1 Full legal title to the Work will not pass to you until we have received in full in cleared funds all sums due in respect of the Work.
7.2 If you have possession of the Work before full payment has been made, you must:
7.2.1 keep possession of it, not sell it or hand it over to any other person or dispose of any interest in it;
7.2.2 in the case of a Work consisting of more than one item, keep those items together;
7.2.3 keep any identifying marks showing that we own the Work clearly displayed;
7.2.4 store the Work on your premises and at no cost to us, separately from other property;
7.2.5 at our request, and after we have given you reasonable notice, allow us or a third party acting on our behalf to have access to the Work in order to inspect it; and
7.2.6 preserve the Work in the same state as it was on delivery and in particular, not restore, repair, clean or reframe it without our written consent.
8. EXPORT
8.1 If the Work is to be exported from Italy, whether to other countries within the European Union or outside the European Union, we will normally make appropriate arrangements for export and shipment and may make a reasonable additional charge for doing so.
8.2 If, contrary to our normal practice, we allow you to make arrangements for export of the Work, you must:
8.2.1 comply with all requirements of any relevant tax authorities (that is, any authority imposing administrating or collecting any tax, duty or levy including HM Revenue and Customs), any export licensing authorities and any other relevant official bodies;
8.2.2 provide us with all the relevant documents showing proof of export without delay and in any event within 7 days from the date of shipment; and
8.2.3 reimburse to us any sum claimed if HM Revenue and Customs, any relevant tax authorities or any other official body makes any claim against us for VAT, sales tax, use tax or any other expense or penalties resulting from your failure to comply with the relevant requirements for export and import.
8.3 When on its sale to you the Work is intended for export, you will be charged for VAT on the Work should it not be exported.
8.4 In any event you will be responsible for paying any taxes including but not limited to import tax, duty, merchandise, sales or user tax that have to be paid in the country of destination whether on shipment or on import or at any other time.
8.5 Unless otherwise agreed in writing, the sale of the Work is not dependent on either us or you obtaining an export licence and failure or delay in obtaining a licence will not constitute a basis to cancel a purchase or delay payment for it.
9. BREACH BY THE BUYER
9.1 If you fail to pay the purchase price in full (or if we agree with you payment by set instalments and you fail to pay any one or more instalment) by the due date, or if prior to you paying the purchase price in full you fail to comply with the obligations set out in clauses 7 and 8 above, or otherwise do or fail to do anything which may in any way imperil our ownership of the Work or the Work itself, we are entitled (without prejudice to our other rights and remedies at law) to either:
9.1.1terminate the contract for sale, repossess the Work and claim damages for any loss we have suffered; or
9.1.2 at our election, treat the sale as cancelled, and repossess the Work, in which case (and only in which case) we shall following the safe return of the Work, refund to you any part of the purchase price you have paid, after deduction of any sums due to us including but not limited to costs of recovery and restoration of the Work.
9.2 We shall also have the right to repossess the Work and cancel the sale if before you make full payment of the purchase price to us, proceedings occur in the UK or elsewhere involving your solvency (including but not limited to the presentation of a bankruptcy petition or winding-up petition; or the convening of a meeting to wind you up voluntarily; or an application for an interim order for a voluntary arrangement, or for the appointment of an administrator; or the appointment of an administrative or other receiver).
9. 3 Where we notify you of the exercise of our right to repossession, you will within 7 days of such notice, return the Work to our premises at your cost and risk or tell us where the Work is kept and allow us to enter the premises where the Work is (separately) kept and take the Work away at your cost (it being understood that where the Work consists of more than one item, our rights of repossession extend to all such items).
10. LIMITATION OF OUR LIABILITY
10.1 Any claim against us must be brought within a period of 5 years from the date of the invoice for the Work or, if we have been guilty of any fraud deliberately concealed a relevant fact in relation to the Work within 5 years after you have discovered this, or could have discovered it if you were reasonably diligent. We shall not accept any claim after these periods.
10.2 We shall not be liable for loss of profits (whether direct or indirect) or indirect or consequential loss or damage, if any, which you may suffer in connection with buying the Work. Any liability to you for breach of our obligations whether in contract tort or otherwise, shall be limited to the price paid for the Work provided that nothing in this clause 10 limits or excludes our liability for: (a) death or personal injury caused by our negligence or any of our agents; and/or (b) fraud.
11. RESCISSION
We will have the right, but not the obligation, to rescind a sale without notice to you, where an adverse claim is made by a third party, including but not limited to, someone claiming ownership of the Work. Upon notice of our election to rescind the sale, you will promptly return the Work to us. We will then refund the price and any amount paid to us that represents a royalty due to the Work's author upon the resale of the Work ("Resale Royalty"). The refund of the price and any Resale Royalty will constitute your sole remedy and recourse against us with respect to such claims.
12. COPYRIGHT
The copyright subsisting in all images and other materials produced for the sale of the Work is owned by us and such images and materials may only be used with our permission. We will have the right to use such images in our own discretion after the sale of the Work. During the period in which the Work is protected by copyright, the copyright remains with its author (or any person to whom that right has been assigned). You are purchasing the Work, but not the right to produce copies of the Work (including photographs thereof) for publication. If such rights are sought, you should contact the copyright owner.
13. NOTICES
Any notice to be given to us or that we must give to you in connection with the sale of the Work must be in writing and must be sent by post, or delivered by hand, to our address or to your last known address as notified to us by you as the case may be.
14. FURTHER INFORMATION: NON - TRADE BUYERS
This clause applies only where the sale of the Work is to an individual acting for purposes which are wholly or mainly outside that individual's trade, business, craft or profession ("the Consumer").
The Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 (included as amended) applies to any sale of works of art to Consumers. It is not our standard policy to sell works of art exclusively by electronic mail/other methods of distance communication, however, in the exceptional case where a contract for the sale of the Work is concluded exclusively through such distance communication:
14.1 We confirm that ABC-ARTE as set out in clause 1.1 is the supplier of the Work sold to you and is the party to whom any complaints or comments should be directed.
14.2 If you have concluded a transaction exclusively at a distance you have the right to cancel the contract for the purchase of the Work in question within 14 days from the day on which you acquire, or a third party other than the carrier and indicated by you acquires, physical possession of the Work. Where the Work consists of more than one item (which are to be delivered separately), such cancellation period will expire after 14 days from acquiring physical possession of the last item.
14.3 If an error is discovered in the price or a defect in the goods that you have ordered, we will inform you as soon as possible. In the event that you order an item and the price is incorrect for any reason or the artwork presents a defect, we will contact you to let you know the correct price and ask you whether you still wish us to fulfil your order at this price and despite the defect, which will be documented to you. We shall be under no obligation to fulfil an order for a product which was at an incorrect price. We shall give you the option of confirming the order at the correct price or with the defect, i.e. if you so choose, to cancel the order altogether. If you cancel, we shall refund the full amount payed in accordance with these Terms.
14.4 If you cancel a contract concluded exclusively at a distance for the purchase of the Work, we will reimburse to you all payments received from you, including the costs of delivery (except for the supplementary costs arising if you chose a type of delivery other than the least expensive type of standard delivery offered by us). We may make a deduction from the reimbursement for loss in value of the Work, if the loss is the result of unnecessary handling by you. We will make the reimbursement without undue delay, and not later than:
14.4.1 14 days after the day we receive the Work back from you; or (if earlier)
14.4.2 14 days after the day you provide evidence that you have returned the Work.
14.5 If we do not receive the Work back from you, we may arrange for collection of the Work from you at your cost.
15. LAW AND JURISDICTION
Disputes arising from the interpretation, validity and/or execution of these General Conditions shall be submitted to the exclusive jurisdiction of the Court of Genoa.
Revised April 2020