WAREHOUSING AND LOGISTICS SERVICES STANDARD TRADING TERMS AND CONDITIONS between the Customer and DSV Solutions (Pty) Ltd DSV Park Gauteng, 16 Serengeti Boulevard, Witfontein X89, Johannesburg, 1620 Reg. No.: 1996/002517/07 | VAT No.: 4830158897 | Tel.: +27 12 673 2000 To be completed in black pen by an authorised signatory. Please return the original to DSV Solutions (Pty) Ltd 4.6 Only with the prior approval of DSV, which shall not be unreasonably withheld, may the Customer, at an agreed time and subject to any reasonable health, safety and security conditions established by DSV, gain access to the Facility where the Products are stored. 4.7 DSV shall, during the term of the Agreement keep an appropriate stock bookkeeping. If there is any discrepancy between DSV’s data and the Customer’s data in respect to the stock held by DSV, DSV’s data will be considered to be correct unless the Customer can provide evidence to the contrary. 4.8 DSV undertakes to keep proper records in respect of the services in compliance with generally accepted business practice. The Customer shall be entitled to reasonable access to such records upon reasonable notice to DSV. 5. Investments In order to perform its obligations under the Agreement, DSV may make necessary investments in handling equipment, racking, installations, hardware and software equipment and implementation costs. In the course of cooperation the investment amount may be changed, subject to agreement in writing of the Parties. These investments will be charged to the Customer directly, or will otherwise be amortized by DSV as agreed in writing between the Parties, starting on the effective commencement date of the Agreement or as otherwise agreed between the Parties, subject to the provisions of Clause 7.5 below. 6. Business Ethics DSV will conduct the Services in accordance with the DSV Code of Conduct as applicable at the time of the performance of Services. The DSV Code of Conduct is based on the values of DSV and signifies DSV’s intentions regarding ethical business behaviour and applies to all DSV Group entities and employees, including managers and executive officers. 7. Termination 7.1 DSV may terminate the Services for convenience with 60 (sixty ) days’ prior written notice. 7.2 Either Party may terminate the Services with cause with immediate effect by written notice to the other Party if the other Party is declared bankrupt, is deemed to be insolvent, is put into liquidation or business rescue or is deregistered. 7.3 In case of material breach, the Parties shall be entitled to terminate the Services as follows: a) If the breach is remediable, the non-breaching Party shall be entitled to require the defaulting Party to remedy the breach, at its own account and risk, within a stated reasonable period of fourteen (14) Business Days from receipt of a written notification. b) If the breach is not remediable, or if the defaulting Party has not remedied the breach within the stated reasonable period of time, the non-breaching Party shall be entitled to terminate the Services by providing a further thirty (30) calendar days’ notice in writing to the defaulting Party. 7.4 Except as otherwise set forth herein, upon termination of the Services neither Party will be under any further obligations to the other Party, excepting payments on amount owed. Notwithstanding the foregoing, termination of the Services will not relieve either Party of any obligation incurred prior to the effective date of termination. 7.5 In the event of termination by either Party for any reason, except DSV’s material breach, the Customer shall reimburse to DSV: a) the unamortized or otherwise unreimbursed amount, as of the effective date of termination, of any investments referenced in Clause 5 above; b) any amounts which shall be payable by DSV, in accordance with the applicable leasing agreements, in respect of any equipment leased for use in the provision of the Services, for the balance of the remaining lease period(s) for such equipment, not exceeding the Expiration Date of an Agreement; c) any amounts payable by DSV in connection with labour/personnel transfer or severance costs and/or termination of Version February 2024 IInniittiiaallss // SSiiggnnaattuurree:: ______________________________________________ Page 3 of 10 | www.za.dsv.com
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