Loan Agreement
Terms and Conditions for Loaning Camera Equipment and Accessories
('You', "the Loanee" means the person who has loaned the Equipment from JDEN and agreed on the Loan Agreement; JDEN shall mean Lee Jing Hua, S9801382B. Equipment shall mean any camera equipment or accessories owned by JDEN and made available for loan as stated in Annex A.)
1. Loan Fees.
Loanee agrees to the condition that the loaning of Camera Equipment and Accessories from JDEN are loan with no rental fees involved and each loan are subjected to approval by JDEN.
2. Loanee Eligibility and Collections.
Only individuals approved by JDEN during the loan request are allowed to loan from JDEN for the Loan Period stated in the loan request. Each Loanee is strictly allowed to borrow one (1) piece of Equipment only. The Equipment loan transaction (both pick-up and return) will be done physically in-person when JDEN is in the same location as the Loanee and is based on reservation basis. Reservations must be made at least one (1) month prior to the date of loan unless otherwise stated and/or approved by JDEN. If JDEN has reasonable doubts about the identity of the Loanee, the Loan validity may be declined. JDEN may take a copy of the Loanee’s NRIC.
3. Responsibility for Product, Indemnity and Assumption of Risk.
Upon acceptance by Loanee of the Equipment on an in-person basis, Loanee agrees to inspect the Equipment at the time of acceptance. All defects or malfunctions must be reported to JDEN within that time. Loanee shall hold JDEN harmless and indemnify JDEN from all claims, liabilities, damages, costs or losses arising from or related to injury or damage to the Equipment or to persons or property arising from or related to the use, maintenance, storage or transport of the Equipment during the period of Loanee's responsibility. Loanee shall indemnify and hold JDEN harmless from any claims, liabilities, damages, costs or losses arising from claims against the Equipment asserted by Loanee's creditors. Loanee acknowledges there is a risk of losses, injuries or damages arising from or related to the use or transportation of the Equipment and assumes all risk of such losses, injuries or damages. Loanee releases JDEN from any and all responsibility or liability for such losses, injuries or damages which Loanee may experience arising from or related to the failure, use, maintenance, storage or transport of the Equipment. Loanee agrees to leave all accessories attached to the Equipment prior to Collection of the Equipment during the full duration of the Loan Period.
4. Returns and No Damages.
Loanee agrees to return all items in the same condition as received, which shall include the original condition of the Equipment including, but not limited to, lens hood, front or/and rear lens covers, and original packaging as received. JDEN may request the Loanee to return the Equipment immediately in-person at any point of time during the Loan Period without the Loanee’s consent. JDEN's acceptance of the return of the Equipment is not a waiver by JDEN of any claims it may have against Loanee, including claims for latent damage to the Equipment. If repairs or replacements are required, Loanee agrees to pay all labor, material and shipping charges. JDEN will collect back the Equipment, assess the damage and charged accordingly based on the cost advised by the Equipment’s Manufacturer Service Centre. If beyond repair, then the Equipment will be deemed sold to the Loanee at the cost of the Equipment’s procurement as listed in Annex A. Loanee must immediately return the Equipment to JDEN at the end of the Loan Period in-person. In the event that loan is due but Loanee or/and Equipment cannot be located, JDEN will hand over case to police end to handle.
5. Title to Goods.
The Equipment is the sole and exclusive property of JDEN and Loanee has no right, title or interest therein, except as set forth in this Loan Agreement. Loanee will not alter ownership markings on the Equipment. Loanee will keep the Equipment free from the claims of third parties.
6. Term of Service.
The Loan Period cannot exceed four (4) hours per loan request including both pick-up & return duration, strictly no extension is allowed. Each Loanee may apply a maximum of two (2) loan request per day. Each loan request is subjected to approval by JDEN. Pick-up and return of the Equipment is in-person when JDEN is in the same location of the Loanee and is subjected to JDEN’s convenience. Collection of the Equipment by you shall commence on the Loan Period starting date and time mentioned in the loan request. JDEN shall reserve the full rights to amending the starting date and/or time of the Loan Period without the Loanee’s consent and/or prior notification.
7. Personal Information.
Your personal information will be held and used by JDEN, and may be shared with JDEN's service partner acting on its behalf for administration purpose in connection with this Loan Agreement Protection Policy. You agree and understand that JDEN and his authorized service providers may need to access, use, or process your data and provided content in order to perform related services pursuant to this Loan Agreement.
8. Governing Law, Venue.
This Agreement shall be governed by and construed in accordance with the laws of the Republic of Singapore, and Loanee agrees that all disputes shall be resolved in Singapore.
ANNEX A
List of available Equipment for loan
1) Sony 100-400mm F4.5-5.6 GM OSS Mirrorless Inter-changeable Camera Lens (SEL100400GM)
S/N: 1813226
Procurement Cost: $2400.00 SGD
2) Sony 70-200mm F2.8 GM OSS II Mirrorless Inter-changeable Camera Lens (SEL70200GM2)
S/N: 1894362
Procurement Cost: $3249.00 SGD
3) Sony 24-70mm F2.8 GM II Mirrorless Inter-changeable Camera Lens (SEL2470GM2)
S/N: 1923197
Procurement Cost: $2636.00 SGD
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