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  1. Terms & Conditions 

Bank Details

Bank Name: ICICI Bank (Corporate)

Bank Account No: 280205000880

IFSC Code: ICIC0002802


Sales Terms & Conditions

  1. Currency of Quotation
  • All prices quoted are in Indian Rupees (INR).

2. Delivery

  • Delivery shall be made within 20 weeks from the date of receipt of Purchase Order (PO) / Letter of Intent (LOI).

3. Warranty

  • Warranty period shall be 12 months from the date of commissioning against defective parts and workmanship.

  • Warranty will be valid only if proper maintenance is carried out at the correct intervals and in the prescribed manner.

  • Warranty shall not cover damages caused due to accidents, misuse, negligence, unauthorized operation, or improper maintenance.

4. Installation & Commissioning

  • Installation and commissioning will be provided free of cost for the first time after receipt of the material at site.

5. Training

  • Basic training for operation and maintenance of the machine will be provided free of cost during installation and commissioning.

6. Payment Terms

  • 30% payment along with the Purchase Order (PO), with the remaining 70% payable against the Proforma Invoice prior to dispatch of the machine.


Rental Terms and Conditions

Bank Details

  • Bank: ICICI Bank (Corporate) 
    Branch: Kharghar Branch 
    Account No.: 280205000880 
    IFSC Code: ICIC0002802
  • GSTIN: 27AAWFR2504A1ZC (Mumbai)

  1. In case of hiring or de-hiring, the machine must be unloaded within 24 hours from arrival at site. 
  2. Rental billing shall commence after 24 hours irrespective of whether unloading is completed or not. 
  3. The customer shall be fully responsible for arranging unloading equipment and related activities.
  4. One month rent and transportation, as a security deposit to be paid in advance which will be adjusted in the final bill at the end of service period / at the time of de-hiring
  5. Demobilization charges will be waived off if service tenure is 6 months and above. Mobilization and Demobilization charges both will be waived off if the service tenure is 12 months and above
  6. Payment should be made within 07 (Seven) days from the receipt of bill or 30 days from the date of receipt of service, whichever is earlier
  7. Delayed payment charges @ 18% will be applied after due date Any dispute in invoice to be settled within 7 days of submission of the invoice
  8. In the event of non-receipt of payment by us OR any other irregularities with respect to the payment from your end, we may be forced to stop our services and you will need to make full payment (as per the PO) to us, even for the stoppage period. Also, you will pay us the transportation charges (at actuals) for de-hire of the equipment, in case of non-receipt of payment by us, at any point of time.
  9. If the equipment is used for more than 10 Hours, Overtime will be charged at pro-rata basis. i.e. (Rate per Month / 26 days) * 9hrs
  10. If machine is used on Sundays, the total no. of hours will be charged as Overtime
  11. If our equipment becomes idle due to any Mechanical, Electrical failure, you have to give us minimum of 5 hours for repair & maintenance. Breakdown charges may be deducted at pro- rata basis. i.e. (Rate per Month / 26 days) * 9hrs
  12. For Battery Operated Machines, 3-Phase power supply and battery charging point to be provided by you
  13. We will give you 24hrs prior notice for loading/unloading. If it takes more than 24hrs, the delay will be charged as per the per day rate in PO
  14. Deduction of TDS (if applicable) will be according to statutory rules
  15. Any other taxes like- Road tax, Border tax etc. will be in your scope
  16. In case of breakdown of a machine, the duration for which the machine was under breakdown will not be charged. Rentease Ltd will also be not liable for any economical burden / retribution arising out of this breakdown
  17. If you need to extend the contract, please inform us at least one week in advance so that we can arrange the resources
  18. Your help will be required in arranging the Gate pass and any other formalities that are needed to enter the site, for our company personnel’s (management, supervisors, service engineers, etc.) visit during the contract period. Your help will also be required in arranging the Gate pass, during the entry and exit of the machines in your site/facility
  19. Whenever the machine is required to be de-hired, either by you or us, a written notice must be sent to our office, at least 7 days in advance
  20. We will not be responsible for any production loss or damage to goods for any accident, theft, pilferage or any loss to goods/ life owing to breakdown of our equipment. Our liability in this regard shall be limited to the extent of covering our equipment under the 3rd Party Insurance policy ONLY
  21. All the Log sheets should be duly signed by the site in-charge on daily basis 
  22. Billing will be done according to entries in the log sheet and no corrections in the same will be entertained whatsoever, during billing 
  23. Any corrections on the log sheet done at site, should be counter signed by the site in-charge immediately
  24. Functioning of the equipment should be as per Operational instructions, as per the manufacturer only
  25. Safety and Parking of the machines to be taken care by you 
  26. Work Order/PO should contain Delivery Address, Billing Address, Contact Person’s Name and Number, GSTIN 
  27. Confirmed Work Order/PO must contain all the above points, with no exception
  28. Any dispute arising out of or in connection with this Order shall be subject to arbitration in accordance with Arbitration and Conciliation Act, 1996 or any amendment thereof. The dispute shall be arbitrated upon by a sole arbitrator mutually appointed by the Seller/ Service Provider and the Buyer/ Service Receiver. The seat of arbitration shall be Mumbai. The arbitration shall be conducted in English language. Any suit or other proceedings to enforce the rights of either party in relation to arbitration shall be instituted in and tried by the Courts in Mumbai.
  29. Intimation for de-hiring of machine should be informed 15 days prior.

  30. For Diesel machines, the filling of diesel will be under the scope of customer.

  31. Lodging of operator will be under the scope of customer.


    32. Hope the above offer is in line with your requirements, and we look forward to receiving your valuable order. Thanks and regards,

    For RENTEASELIMITED


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