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NORTHWELL RENTALS

(LLOYDMINSTER) INC.

6401 – 63 Avenue
LLOYDMINSTER, AB

TERMS AND CONDITIONS

All pipe tools are run at lessee’s risk. We exercise every precaution to keep our pipe and tools in good condition, but do not guarantee them. Well conditions which prevent satisfactory operation of pipe and tools do not relieve lessee of their responsibility for rental charges.
Scheduled rental rates begin when tools leave our yard and continue until returned. 24 hours, or any part thereto, constitutes the first days rental. Additional days begin at expiration of the first 24 hours, thereafter each additional 24 hours, or any part thereof, constitutes an additional day. All freight must be paid by the lessee.

Damaged pipe or tools will be repaired at the expense of the lessee. Tools or pipe lost or damaged beyond repair will be charged to the lessee at the new replacement cost. Damaged equipment that is being repaired or replaced will be charged at half the rental rate until it is ready for service.

Accrued rental charges cannot be applied against the purchase price of the tools or lost tools or pipe.

Extenuating circumstances may alter the above terms and conditions, if arranged prior to termination of rental.

Customer will be invoiced for all transportation costs.

All prices subject to change without notice.

PRICES EFFECTIVE MARCH 01, 2012.