Terms & Conditions

STANDARD TERMS AND CONDITIONS

DEFINITIONS

“Company,” “Warehouseman,” “Carrier” and/or “Aiston” means Aiston LLC, together with its affiliates, subsidiaries, divisions, and employees.

“CLIENT,” “SHIPPER”, “BAILOR” is the person(s) or entity at whose request or for whose benefit Aiston undertakes any business or for whom or to whom Aiston provides any services, advice, information or consultation. Client retains Aiston to store, transport and/or perform Services upon Goods and then becomes liable to remit payment to Aiston for charges incurred. Client shall also include any person or entity that represents itself as an agent or representative of Client and/or any direct or indirect owner of Goods in whole or in part. Client shall ensure that any person or entity that represents itself to be an agent or representative of Client and/or owner of Goods comply with Aiston’s Standard Terms and Conditions and that Client shall be responsible to Aiston for damages resulting from any breach of Aiston’s Standard Terms and Conditions by such agent or representative and shall be liable to Aiston with the same effect as if Client breached Aiston’s Terms and Conditions itself.

“GOODS,” means items in whole or in part, in packed or unpacked state, including but not limited to fine art, that are tendered to Aiston for Services requested by Client and subject to the terms and conditions set forth below.

“BILL OF LADING” means the contract of carriage executed between Client and Aiston for Aiston’s transport and ancillary Services with respect to the Goods.

“WAREHOUSE RECEIPT” means the non-negotiable document executed between Client and Aiston for Aiston’s storage with respect to Goods.

“STORAGE AGREEMENT” means a written agreement between Aiston and Client for storage of Goods in a reserved space within Aiston’s facility.

“SERVICES” means storage, transportation, handling, installation, framing, packing and crating or any other services Client requests and Aiston agrees to provide.

“SERVICES AGREEMENT” means a written agreement between Aiston and Client for Services that Client requests and Aiston agrees to provide.

“CUSTOMS DOCUMENTATION” means any materials relating to Customs, including, but not limited to, regulations, laws, and requirements pertaining to marking, classification, licensing, transporting hazardous materials, export controls, and any other transporting, importing, or exporting requirements.

“CONSIGNEE” means the person or entity who receives the Goods from Aiston or Aiston’s subcontractors or agents. When Goods have not been delivered, notice may be given of known loss or injury to Goods emailing Client.

“DECLARED VALUE” is the value of the Goods declared by Client when seeking to increase Aiston’s limitation of liability which will result in a higher rate being charged for Aiston’s Services.

“NVD” is an acronym used to indicate that no value is declared for Goods. If “NVD” is marked on the documents provided by Aiston, then Aiston’s maximum liability shall be limited to $0.60 per pound of Goods, or as otherwise set forth below. If the space provided for Declared Value on a Bill of Lading, Warehouse Receipt, Storage Agreement, Services Agreement, or other contract with Aiston is left blank, then no value is declared and shall be deemed marked as NVD.

LIMIT OF LIABILITY.

AISTON’S MAXIMUM LIABILITY FOR LOSS OR DAMAGE TO GOODS BY ANY CAUSE, INCLUDING NEGLIGENCE, SHALL NOT EXCEED $0.60 PER POUND AS DETERMINED BY THE ACTUAL WEIGHT OF THE UNWRAPPED PROPERTY BUT IT CANNOT EXCEED THE ACTUAL LOSS UNLESS CLIENT OR SHIPPER (AS APPLICABLE) DECLARES A HIGHER VALUE FOR GOODS AND PAYS AN INCREASED CHARGE BASED ON THE DECLARED VALUE AND DOCUMENTS ITS ACTUAL LOSS IN ACCORDANCE WITH THE CLAIM FILING RULES SET FORTH BELOW. THIS DECLARED VALUE MUST BE ACCEPTED AND CONFIRMED BY AISTON PRIOR TO THE COMMENCEMENT OF SERVICES BY AISTON. AISTON HAS SOLE DISCRETION WHETHER TO ACCEPT OR REJECT SUCH REQUESTS, AND SHALL DO SO WITHIN A COMMERCIALLY REASONABLE TIME THEREFROM. If no value is declared, Client and Shipper shall release Goods with Aiston’s maximum liability for Goods being $0.60 per pound. Declared value may only be entered by Aiston and may not be altered without Aiston’s written consent. Client agrees to indemnify, defend and hold Aiston harmless as against any claim in an amount in excess of the foregoing limits of liability. Aiston shall have no liability whatsoever in the event that any representation made by Client regarding the Goods, including but not limited to any representation regarding any declared value, is made knowing that such is false or fraudulent as to amount or otherwise.

APPLICABLE LAWS FOR CARRIAGE.

Aiston incorporates by reference all benefits, defenses and exemptions of the Carmack Amendment 49 USC §14706 to the full extent applicable, including, but not limited to Aiston’s $0.60 per pound limitation of liability and the two year limitation of time to commence an action. To the extent that the Carriage of Goods by Sea Act (“COGSA”) or the Harter Act, 46 U.S.C. §30701 are applicable, Aiston herein incorporates by reference all benefits, defenses and exemptions. For loss or damage occurring during any portion of the transportation governed by COGSA by force of law, Aiston’s liability shall be limited to $500 per package, or for Goods not shipped in packages, per customary freight unit. Aiston also incorporates by reference all benefits, defenses, limitations of liability and exemptions of the Convention on the Contract for International Carriage of Goods by Road (“CMR”). If carriage performed by Aiston involves air transport and an ultimate destination or stop in a country other than the country of departure, Aiston also incorporates by reference all benefits, defenses, limitations of liability and exemptions of the Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw, October 12, 1929, and that Convention as further amended by Montreal Protocol Nos. 1, 2, or 4. Air Carriage is subject to the rules relating to liability established by the Warsaw Convention or the Montreal Convention unless such air carriage is not “international carriage” as defined by the applicable Conventions. If the transport and services provided are not regulated by the above laws then the laws of the State of New York, without regard to its conflict of law rules shall apply.

CONSEQUENTIAL OR SPECIAL DAMAGES.

Aiston shall not be liable for loss of merchantability, consequential, exemplary, incidental, punitive or special damages, including, but not limited to, loss caused by delay, lost income, loss of revenue, profit, market value, diminution of market value or utility, clean-up costs and/or emotional distress, regardless of whether such damages might have been contemplated or foreseeable at the time of contracting or whether Aiston had knowledge that such damage may be incurred, all of which are deemed waived by Client. Aiston shall not be liable for loss or damage due to improper packaging by Shipper, pre-existing damage, wear and tear, gradual deterioration, moths, insects, vermin, wet paint, uncured varnish, terrorism, inherent vice, hostile or warlike action, seizure by customs or other government agency, and acts of God on atmospheric temperature or humidity.

NO WARRANTIES.

Aiston makes no warranties, express or implied as to any transport, storage, or any Services performed by Aiston, unless expressly so stated and agreed by Aiston.

WAIVER OF SUBROGATION.

To the fullest extent permissible under law, Client, Shipper and Consignee hereby waive all rights of subrogation against Aiston arising from any loss or damage to Goods to the extent such damage is covered by insurance. This waiver shall preclude the assignment of any claim for loss of or damage to Goods by way of subrogation to any insurance company. This waiver of subrogation shall be in addition to, and not in limitation or derogation of, any other waiver, release, or limitation of liability contained in these standard terms and condition with respect to any loss of, or damage to Goods. Client, Shipper and Consignee agree to immediately furnish its insurers with written notice of the terms of said waiver, and to have all applicable insurance policies properly endorsed, if necessary, to prevent the invalidation of said insurance coverage by reason of said waiver of subrogation. All insurance policies covering Goods that the Client, Shipper or Consignee have or shall procure shall contain a waiver of subrogation in favor of Aiston, and furnish Aiston with all applicable insurance policies on request.

EXCLUSIONS.

Aiston shall not be liable for any loss or damage to goods arising from: ionizing radiations from or contamination by radioactivity from any nuclear fuel or from any nuclear waste or from the combustion of nuclear fuel; is caused by the radioactive, toxic, explosive or other hazardous or contaminating properties of any nuclear installation or radioactive force or matter, reactor or other nuclear assembly or nuclear component thereof; is caused by any weapon or device employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter; is caused by any chemical, biological, bio-chemical, or electromagnetic weapon; is directly or indirectly occasioned by, happening through or in consequence of war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation or nationalization or requisition or destruction of or damage to goods by or under the order of any government or public or local authority; is directly or indirectly caused by or contributed to or arising from the use or operation, as a means for inflicting harm, of any computer, computer system, computer software program, malicious code, computer virus or process or any other electronic system; or is directly or indirectly caused by or contributed to or arising from an act of terrorism whether certified or not under the terrorism insurance act of 2002 as amended; is occasioned by civil disobedience, labor strikes or lockouts, street traffic, breakdown or mechanical defect of vehicles or equipment, extreme weather, or any other cause or causes beyond Aiston’s control, including any curtailment, order, regulation, or restriction imposed by governmental, military, or lawfully established civilian authorities. Further, Aiston shall not be liable for any loss or damage or any acts or omissions of Aiston and its subcontractors as a result of or claimed to be a result or arising from: unattended trucks while in the ordinary course of transit, the fragility of the Goods, including without limitation injury or damage to mechanical, electrical or electronic functioning of the Goods, including but not limited to musical instruments, radios, phonographs, compact disc players and recorders, tape players and recorders, televisions, cameras, clocks, barometers, refrigerators, air conditioners or other like instruments and appliance; improper or inadequate packing or mislabeling by Client, its agents or employees or by third parties directed by Client; internal damage or concealed breakage; breakage of glass, mirrors, marble, stone, ceramic, works in plaster, uncured (not thoroughly dry) paintings, inherent vice, defect, weakness, wear, tear, gradual deterioration, moths, insects, rodents, vermin, pests, pre-existing conditions, the fabrication, repairing, refinishing, renovating, framing, reframing, restoring or retouching process, internal mechanics or instrumentation, waxen, resinous, or viscous surface areas, excessively worn items, such as antiques in disrepair; uncured or unset varnish applied to furniture; or, inherent vice or perishability of the Goods, rust, fire, water, temperature, fumigation or deterioration. Regarding damage to any item that is part of a pair or set, Aiston shall only be liable for the separate value of the damaged item without respect to any special value claimed for such item as a part of a pair or set. Without limiting the generality of the foregoing, in no event shall Aiston be liable for any loss of, injury to or damages to or regarding documents, stamps, securities, jewelry, precious metals, artwork, precious and semi-precious stones, bullion, specie, coins, antiques, human remains, livestock, pets, plants or other articles of high or unusual value or uniqueness unless an arrangement has been made between the Client and Aiston and evidenced by a fully executed writing regarding such items.

DANGEROUS AND/OR HAZARDOUS GOODS.

Goods tendered to Aiston may not contain dangerous, hazardous, toxic, odoriferous, radioactive, or leaking substances or any substance or material that is capable of contaminating or damaging Aiston’s warehouse(s) or property in Aiston’s facilities, including but not limited to property stored by other clients of Aiston. The following types of Goods shall not be stored or transported by Aiston under any circumstances: contraband or illegal substances, firearms or ammunition, explosives, chemicals, livestock or plants, organic or perishable products or any Goods likely to encourage vermin or other pests or likely to cause or transmit infectious, contagious, or other disease, or liable to taint or affect other property held at Aiston, unless Client expressly disclosed same in a prior writing to Aiston and Aiston expressly acknowledged that disclosure in writing and agreed to perform Services or accept the Goods into Aiston’s facility. Client shall be liable for and shall indemnify, defend and hold Aiston harmless against all loss or damage to other property or persons caused by said hazardous or dangerous Goods tendered to Aiston for storage.

WARRANTIES BY CLIENT.

Notwithstanding and in addition to any other warranties contained in these Terms and Conditions, Client warrants that: it has full and lawful authority to engage the services of Aiston with regard to the Goods; possession of, transporting of, or transactions in connection with, the Goods are not prohibited by any laws, rules or regulations of any governmental or similar authority or sovereign which may pertain thereto; Client is in lawful possession of the Goods subject to Services by Aiston; Client’s address is that shown on the face of Warehouse Receipt, Bill of Lading, Storage Agreement or Services Agreement, upon which Aiston is authorized to rely for all purposes until seven days after a written change of address notification is given to Aiston by or on behalf of Client and acknowledged by Aiston in writing; Client has obtained full and adequate insurance coverage regarding the Goods and that insurance is in full force and effect and shall remain in full force and effect until the complete termination of Aiston’s Services.

PACKING.

If indicated on the Services contract, Aiston shall pack Goods for storage or for carriage by land, sea or air. The choice of materials used in the packing of such items shall be at Aiston’s sole discretion. Client must inform Aiston of any known special packing requirements, particular faults or fragility of Goods which would affect the manner and method utilized to pack the Goods. Aiston shall not be responsible or liable for any loss or damage occasioned by Client’s failure to so notify Aiston. Absent specific instructions, Aiston undertakes to handle Goods using its customary methods and equipment which are subject to change at its discretion. However, as noted herein, Aiston will not perform certain services without written instructions and approval from Shipper. Goods handled at Shipper or Consignee’s request outside regular business hours shall be subject to an additional charge. When deterioration or failure of packages, crates, or containers requires, Aiston may, at its discretion and without obligation, repackage the contents and charge Client for labor and materials. Aiston accepts no responsibility for such repair or replacement.

TRANSPORTATION BY AIR CARRIERS.

Agreed to stopping places (which may be altered by Aiston or indirect or direct air carriers in case of necessity) are those places, except the place of departure and place of destination, set forth on the face of the applicable air waybills or shown in the air carrier’s timetables as scheduled stopping places for the route. Carriage to be performed by several successive air carriers is regarded as a single operation.

IMPORTS & EXPORTS.

Client is responsible for and obligated to: ensure the accuracy of Customs Documentation and any description of Goods under Aiston Aiston’s care; ensure that all Customs Documentation is accurate, adequate and complete; and know and comply with the requirements, laws and regulations of any Federal, State and/or local agencies pertaining in any way to the Goods. Aiston shall not be liable or responsible for any loss, damage, delay, cost, penalty or other expense of any nature whatsoever, occasioned by or arising out of any inaccuracy, insufficiency, invalidity or inadequacy of any Customs Documentation prepared by Client and Client hereby agrees to defend, indemnify and hold Aiston harmless from and against any claims, actions, damages, penalties, suits or injuries which arise out of or in connection with the accuracy, sufficiency or validity of any Customs Documentation prepared by Client and proffered in good faith by Aiston in the transport of Goods. Aiston shall not be responsible for action taken or fines or penalties assessed by any governmental agency against Goods because of the failure of the Client to comply with the law or the requirements or regulations of any governmental agency or with a notification issued to the Client by any such agency. Client shall indemnify and hold Aiston harmless from any claims and/or liability arising from the importation of Goods and/or any conduct of Client which violates any Federal, state and/or other laws or regulations and indemnify and hold Aiston harmless against any and all liability, loss, damages, costs, claims and/or expenses, including but not limited to, reasonable attorney’s fees, costs and expenses which Aiston may hereafter incur, suffer or be required to pay by reason of such claims and/or liability.

CUSTOMS CLEARANCE.

Aiston may not be listed as a “known shipper” on any Customs documents. It is the Client’s duty to provide Aiston with all information necessary to comply with all United States Customs and Border Protection rules, regulations and laws. All penalties incurred for non-compliance shall be the Client’s responsibility. The Client hereby appoints Aiston as its Agent to assist with customs clearance and certifies Aiston as the nominal consignee for the purpose of retaining a licensed customs broker to perform customs clearance. In some instances, local authorities may require additional documentation confirming Aiston’s appointment. The Client shall furnish such information to Aiston as necessary to comply with such laws, rules and regulations. Aiston assumes no liability to the Client or any other person or party for any losses or expenses due to the Client’s failure to comply with this provision. The Client is responsible for all charges, including transportation charges, duties, customs assessments, governmental penalties and fines, taxes, and Aiston’s attorneys’ fees and legal costs related to the Goods.

EXPORT CONTROL.

Client authorizes Aiston to act as Forwarding Agent for Client for export control and customs purposes. Aiston has no obligation, however, to assume the role of Forwarding Agent. Client hereby certifies that all statements and information provided to Aiston relating to exportation are true and correct. Furthermore, Client understands that civil and criminal penalties, including forfeiture and sale, may be imposed for making false or fraudulent statements; for violation of any United States Laws on exportation, including but not limited to 13 USC §305, 22 USC §401, 18 USC §1001, and 50 USC App. 2410; or for the violation of export laws of other countries.

INSPECTION BY AUTHORITIES.

If by the order of the proper authorities at any point while in storage or transit, the Goods or a container or crate has to be opened to be inspected, Aiston shall not be liable for any loss, damage or delay incurred to the Goods as a result of such inspection, including the cost of opening, unstuffing, inspection or repacking, which cost shall be recoverable by Aiston from the Client as part of Aiston’s charges.

AISTON CONDITION REPORTS.

Aiston does not employ fine art conservators and Aiston’s employees may during the normal course of business issue a condition report for the purposes of noting damages visible to the naked and untrained eye. Said condition report is made without prejudice and is not binding on Aiston. Aiston reserves its right to retain a fine art conservator or appraiser to inspect Goods at any time.

NOTICE, CLAIMS AND FILING OF ACTIONS INVOLVING TRANSPORTATION.

With respect to claims for loss, damages or delay involving transportation performed by Aiston, Client or Shipper (as applicable) must notify Aiston in writing of all loss or damage to Goods within 60 days following the completion of services performed by Aiston. Client and Shipper shall file same in writing with Aiston within nine months after the delivery and receipt of Goods, except that claims for failure to make delivery must be filed in writing within a reasonable time for delivery has elapsed. Suits for loss, damage, injury or delay for transportation of Goods must be commenced against Aiston no later than two years from the day when delivery was made (unless the shipment is by ocean carriage and subject to Carriage of Goods by Sea Act’s (“COGSA”) one year limitation of time for filing suit and then that one year limit of time to file suit applies.). As a condition precedent to recovery, claims for loss, damage or delay during transit must be filed in writing with Aiston in accordance with the provisions of the claim filing regulations of the Federal Motor Safety Administration set forth in 49 C.F.R § 70, which regulations are expressly incorporated herein by reference in their entirety. Payment of any claim shall be subject to proof of actual damages suffered. The Consignee must hold the packaging(s), shipping container(s) and its contents in the same condition they were in when damage was discovered. No claims for loss or damage shall be entertained until all of Aiston’s charges have been paid in full. The amount of the claim may not be deducted from the total due and payable charges.

STORAGE.

Goods will not be inspected by Aiston for condition, form, color, or for concealed loss, damage, or leakage and Aiston undertakes to handle, store and deliver Goods in the packages in which the Goods were originally received by Aiston. Labor and materials used for unloading and loading Goods and Goods handled before or after regular business hours shall be subject to charges. Client shall provide Aiston with at least one business day prior written notice of each delivery and removal of Goods. If Client fails to notify Aiston within one business day of delivery, Aiston shall have the right to refuse Goods and shall not be liable for loss or damage to Goods. Aiston shall store Goods in general storage in its warehouse, or if requested in writing by Client, in space that is reserved solely for Client. Client shall complete a new Warehouse Receipt for each and every item of Goods brought to Aiston for storage. Declared value, if any, must be listed on the Warehouse Receipt or attached schedules at the time that Goods are tendered to AISTON. If no value is declared, Client shall release Goods with AISTON’s maximum liability for Goods being $0.60 per pound, unless otherwise provided in these Terms and Conditions. Aiston shall provide building security and electricity for lighting at Aiston. Climate control will be provided if requested by Client in writing (an additional charge will apply if Client requires climate control).

TERM FOR STORAGE.

The terms of storage shall be set forth in a Storage Agreement and Warehouse Receipt. Absent such a written agreement, storage for Goods is provided by Aiston on a month to month basis at Aiston’s prevailing rate. The month to month terms will automatically renew, unless terminated by Client or Aiston, in writing on 30 days written notice, which notice shall state the date of termination. An acknowledgement of the notice of termination is required.

ELECTRONIC EXECUTION AND RECORDS.

Client agrees that this document, including all signatures, initials, acknowledgments, selections, and authorizations, may be executed and delivered electronically. Any electronic signature, initial, checkbox selection, or other electronic indication of assent shall have the same legal force and effect as an original handwritten signature. Client further agrees that this electronic document constitutes a legally binding contract, is admissible in any legal or administrative proceeding, and that no paper original is required for enforceability. Client waives any objection to the use of electronic records, signatures, or delivery, including under the Electronic Signatures in Global and National Commerce Act (E-SIGN Act) and applicable state law.

DEPOSIT.

Client shall pay, as part of its first storage invoice, a charge for the first month storage fee, plus a deposit to be determined at the time of the estimate.

ACCESS.

Client, and persons authorized by Client, shall be permitted access to Client’s storage area or rented viewing space during Aiston’s regular business hours, from 9:00 am to 5:00 pm, Monday through Friday, except public holidays. Upon request and Aiston’s written approval, Client may be permitted access before or after business hours, subject to an additional charge.

TITLE TO GOODS.

Client may only store Goods that Client has the legal right to store. Aiston shall rely upon the representation from the Client that Client is storing only Goods which it has the legal right to store and that Goods are free and clear of all superior liens.

ACCEPTANCE OF GOODS.

Goods are accepted by Aiston in apparent good order and condition (except as noted otherwise). Goods need not be inspected by Aiston and Aiston undertakes to handle, store and deliver Goods in the packages in which Goods were originally received by Aiston. Aiston’s art handlers may, during the normal course of business, issue a condition report for the purpose of noting damages visible to the naked and untrained eye; such condition report is not binding on Aiston.

NOTICE OF DAMAGES, CLAIM AND FILING OF SUIT INVOLVING STORAGE AND/OR SERVICES.

With respect to Goods in storage and/or upon which Aiston performs Services, Client shall notify Aiston in writing of all damages within twenty four hours after discovery of damage to Goods, but in no event more than five days after receipt of Goods or completion of Services. Claims by Client and all other persons occurring during storage and/or performance of Services (except carriage) must be presented in writing to Aiston within 30 days after date of delivery by Aiston. Any and all actions or lawsuits brought against Aiston involving service or storage (not including carriage of Goods) must be commenced within one year of the date of delivery by Aiston or within one year after Client is notified that loss or damage to part or all of Goods occurred, whichever time is shorter.

TRANSPORTATION AND OTHER SERVICES.

Aiston may be retained to perform transportation, logistics and ancillary services including, but not limited to storage, transportation, handling, installation, framing, packing and crating, assisting with exhibitions, special projects, assistance at art fairs, and handling container loads. Estimates provided by Aiston are subject to change without notice and are not binding upon Aiston. Aiston may also act as an Agent for the Client and may arrange for carriage of Goods. If Goods are not in Aiston’s care, custody and control, Aiston shall assume no liability as a carrier and shall not be responsible or held liable by Client for any loss, damage, expense or delay to the Goods. Aiston shall never be regarded as an Ocean Freight Forwarder, NVOCC (Non-Vessel Operating Common Carrier), Indirect or Direct Air Carrier or Customs House Broker.

DEFAULT AND REMEDY / WAREHOUSEMAN’S LIEN.

Pursuant to these statutes, Aiston shall have a lien on all Goods held at Aiston (and documents related thereto) for charges due, and for expenses necessary and reasonably incurred for the protection of Goods, all charges, advances, and expenses incurred for the storage, protection, handling and insurance of Goods, services performed, and monies due Aiston (including, but not limited to, applicable interest and attorneys’ fees for enforcing this lien). This lien is superior to any other lien or security interest and is effective as of the date Goods are tendered to Aiston. Aiston has this lien in full force and effect should Client have any of the following occur: failure to pay accrued charges; abandonment; and/or failure to comply with Aiston’s Warehouse Receipt, Bill of Lading, Services Agreement, and Aiston’s Standard Terms and Conditions which are incorporated herein by reference. If Client is in default of any provision herein, or fails to pay charges when due, Aiston, (in addition to all other rights and remedies as provided by law, at Aiston’s option or if Aiston after giving ten days written notice to Client (which notice shall be deemed to be given by Aiston by mailing same, postage prepaid, at the last known address) may make any demand or give any notice as may be required by law. Should Client fail to comply with such demand or notice within the time required by law if any, (a) Aiston may declare this Agreement terminated; (b) Aiston shall have the right to refuse access to Client’s space; (c) Aiston shall have the right to overlock and/or remove Client’s lock on the door of the space (if applicable); (d) Aiston shall have the right, but not the duty to inventory Goods and charge Client for the reasonable cost of taking the inventory; (e) Aiston shall have the right to dispose of or sell Goods contained in the space to any person by public or private sale in block or in parcels, at any time or place, and on any terms which are commercially reasonable, pursuant to §§7-209 and 7-210 of the UCC and NY CLS UCC. Aiston shall apply the proceeds of such a sale only to Client’s indebtedness to Aiston and shall hold any proceeds over and above, if any, the amount owed by the Client to Aiston in account for the benefit of Client. Upon written demand, the excess, if any, shall be returned to Client without interest. Aiston shall hold such proceeds for a period not to exceed two years, and it is specifically understood that the proceeds of such sale shall first pay for the costs of sale and subsequent to the costs of sale, the payment of all charges. Client agrees to pay all costs and expenses, including reasonable attorneys’ fees, and service and processing charges of Aiston in enforcing any term of this Agreement. Client agrees to pay all costs and expenses, including reasonable attorneys’ fees, and service and processing charges of Aiston in enforcing any term of these Terms and Conditions.

GENERAL LIEN.

Notwithstanding the abovementioned warehouseman’s or artisan’s liens, Aiston shall also have a general, continuing and unconditional lien on Goods, either in its actual or constructive possession, custody or control or en route, for all sums due at any time from Client for services, and shall be entitled to sell or dispose of such Goods as Agent for and at the expense of Client and apply the proceeds in or towards the payment of such sums on 30 days notice in writing to Client and in accordance with the applicable law. Client shall notify all parties having an interest in its Goods of Aiston’s rights and/or exercise of such lien. Any surplus from such sale shall be transmitted to the Client, and Client shall be liable for any deficiency in the sale.

TRANSFER, TERMINATION OF STORAGE, REMOVAL OF GOODS.

Aiston may move Goods within the facility in which it is stored or to its other facilities without notice. Aiston may, upon 30 days written notice to the Client and/or any other person known by Aiston to claim an interest in Goods, require the removal of any Goods by the end of the 30 day notice period. If Goods are not removed before the end of the 30 day notice period, Aiston may sell Goods. If Aiston believes that Goods may deteriorate or decline in value to less than the amount of Warehouse’s lien before the end of the 30 day notice period, Aiston may specify in the notification any reasonable shorter time for removal of Goods and in case Goods are not removed, may sell Goods at public sale held one week after a single advertisement or posting as provided by law. If Aiston after a reasonable effort is unable to sell Goods, it may dispose of it in any lawful manner and shall incur no liability by reason of such disposition. Pending such disposition, sale or return of Goods, Aiston may remove Goods from Aiston’s facility and shall incur no liability relating to its removal.

RATES AND PAYMENT.

Client shall pay charges pursuant to Aiston’s current rates (available upon request). Client shall remit charges in advance for the month. Invoices may be sent to Client; however, Client agrees that all charges shall be paid on time without request or demand by Aiston, and in no event shall be paid later than thirty (30) days of the date of the applicable invoice. Aiston reserves the right to levy against all amounts unpaid thereafter interest at the rate of 1.25% monthly, in no event shall such interest exceed the maximum amount allowable by applicable law and in the event such interest so exceeds such maximum amount allowable by applicable law, all such amounts shall bear interest at the highest rate allowable under applicable law.

Rates for services, handling and storage are quoted subject to change at any time by written notice from Aiston to Client. Such changes are to be effective at the end of the month next succeeding the month in which notice is mailed by Aiston.

RECEIPT, ACCEPTANCE WITHOUT NOTATION.

Receipt of Goods by Client or any third party without written notation of damage (i.e., on the applicable Bills of Lading, Service Agreement, Warehouse Receipts or any other document received from AISTON) shall be prima facie evidence that Goods were delivered by Aiston in good order and condition.

RIGHT TO INSPECT.

Notwithstanding anything to the contrary hereinabove, in the interests of health, safety and security, Aiston reserves the right to open or inspect any packages, boxes and/or goods and to properly and immediately dispose of any materials, goods, or objects which pose a risk or threat to the health, safety, welfare or security of Aiston personnel or third parties or which Aiston reasonably and in good faith believes poses a threat to health, safety welfare or security of personnel or third parties. Client agrees to waive any claim and to indemnify, defend and hold Aiston harmless from and against any loss, damage, cost or expense associated with the disposition of such materials, goods or objects.

DELIVERY AND REMOVAL.

Client shall provide Aiston with prior written notice of each delivery and removal of Goods within one business day. If Client fails to notify Aiston within one business day of delivery, Aiston shall have the right to refuse Goods and shall not be liable for loss or damage to Goods.

ALTERATION AND ABANDONMENT.

Client shall make no alterations to Aiston’s facility without Aistonv’s prior written approval. Damage to Aiston’s facilities or violations of the Terms and Conditions shall constitute default. If Client vacates Aiston, the space shall be deemed abandoned. Abandonment shall constitute voluntary termination of any agreement with Aiston. Client agrees that by its abandonment it shall remain responsible for all charges due hereunder through the date of termination and until another client occupies that space.

SUBCONTRACTING.

Client acknowledges and agrees that Aiston, at its discretion, may subcontract the performance of Services to third parties (“Subcontractors”), including but not limited to art handlers, domestic and international carriers, indirect air carriers, freight forwarders, customs brokers, warehousemen, and other transportation intermediaries. Aiston also may, at its discretion, select the means, routes and/or procedures to be followed in the handling, transporting, delivering and servicing of Goods. If the Company so subcontracts, it will be doing so only as an agent for the Client and will bear no liability for any acts or omissions of that subcontractor. Aiston shall not be liable or responsible for any negligence, malpractice, misconduct, fault, errors or omissions in the performance of Services by any Subcontractor. When Subcontractor handles Goods, they do so subject to the limitations of liability set forth herein.

RELEASE OF GOODS.

Unless Client is in default of its payment obligations to Aiston, Aiston shall release any or all Goods in storage and in accordance with Client’s written instructions. Client shall give Aiston reasonable prior written notice of each delivery or removal of Goods. Any delivery or removal of Goods at a time other than during Aiston’s regular business hours may be subject to additional charges.

DAMAGE TO PREMISES.

Aiston shall not be liable for any damage to any Premises (including real property, fixtures and/or furnishings) from which it retrieves or delivers Goods unless such loss the direct result of gross negligence on the part of Aiston. In the event of such damage, Aiston’s liability shall be limited to a maximum of $100.00 in the aggregate for all such alleged Premises damage. Premises shall refer to the structure, fixtures, furnishings and fittings at any location other than the facilities maintained by Aiston, including but not limited to the location where the Services are being performed, the Client’s residence or place of business, the Consignee’s residence or place of business, and or any location where Aiston receives and/or delivers Goods and or performs Services.

SEVERABILITY.

If any term or provision of these Terms and Conditions is held invalid or unenforceable, the remainder of these Terms and Conditions will remain effective.

REPRESENTATIONS & WARRANTIES.

Client represents and warrants that Client is the owner or legal custodian of Goods. Client agrees to defend, indemnify and hold Aiston harmless from and against any claims, actions, damages, fines, penalties suits or injuries which arise out of or in connection with the accuracy or validity of these Representations and Warranties.

INDEMNITY, DEFENSE AND HOLD HARMLESS.

Client agrees to indemnify, defend and hold Aiston harmless from and against any and all demands, claims, actions or causes of action, assessments, damages, losses, fines, penalties, liabilities, costs and expenses (including reasonable attorney’s fees incurred in connection therewith and in seeking indemnification or defense therefor), suits or injuries which arise from Aiston’s transportation, storage, and/or Services performed with respect to Goods. Client shall pay Aiston’s reasonable attorneys’ fees to handle and/or defend any claim, litigation, arbitration, writ, petition, ticket, fine or proceeding of any kind (including defense of Subpoenas, Seizures and Warrants, as further specified below) relating in any way to Goods, this Agreement, or Client’s account records at Aiston. Aiston shall have the right to choose its own attorney. Client shall indemnify, defend and hold Aiston harmless from and against any and all demands, claims, actions or causes of action, assessments, damages, losses, fines, penalties, liabilities, costs and expenses (including reasonable attorney’s fees incurred in connection therewith and in seeking indemnification or defense therefor), suits or injuries which may be suffered by or accrue against, be charged to or recoverable from Aiston by reason of injury to or death of any person or by reason of injury to or destruction of Goods, from any cause including but not limited to the fault, breach of warranty or negligence of Aiston, its officers, agents, subcontractors or employees and/or from the fault, breach of warranty or negligence of the Client, its officers, agents, subcontractors or employees.

SUBPOENAS, SEIZURES, WARRANTS, NEGOTIATIONS.

Should Aiston be served with a subpoena or warrant, or should Aiston be subject to any third party claim, investigation (including but not limited to the investigation of fraud, theft, or other criminal or quasi-criminal activity), seizure, legal proceeding, or the threat thereof, related to Client, Client’s Goods, Client’s account records at Aiston, or this Agreement, Client agrees to pay Aiston’s actual costs and reasonable attorneys’ fees incurred as a result of Aiston’s attorneys’ defense of or compliance with and cooperation in said actions. Client shall indemnify, defend and hold Aiston harmless, against all claims including, but not limited to any third-party claims for replevin and/or conversion. Should Client seek to renegotiate these terms and conditions or those in the bill of lading, warehouse receipt, storage agreement or services agreement, in connection with a bailment with a lender or collateralized loan agreement, Client agrees to pay Aiston’s reasonable attorney’s fees for the negotiation thereof.

CLIENT DUTIES.

Client shall obtain, at Client’s sole cost and expense, all documents, permissions, permits and/or approvals necessary for the performance of the requested Services. Client is responsible for the security of Goods at the premises from which any Goods are being removed (other than Aiston’s facilities) and at any destination point to which Aiston is contracted to deliver such Goods. Client or its authorized representative must be present at the time of any delivery and throughout the delivery process until completed. Aiston assumes no responsibility or liability for loss, theft or damage resulting from any lack of security at any pickup or delivery premises. Client is responsible for assuring appropriate and adequate physical access to the premises to permit Aiston to render the Services.

AUTHORIZATION.

Client authorizes Aiston to make, endorse and sign Bills of Lading, waybills, warehouse receipts or other documentation in connection with the transportation, storage, and/or handling of Goods on Client’s behalf.

NON-WAIVER Any failure by Aiston to enforce at any time or for any period of time any term or condition of these Terms and Conditions shall not be deemed a waiver of such term or condition.

AMENDMENT.

Only Aiston may alter these Terms and Conditions. All conditions set forth herein are binding and cannot be modified altered or waived by any person including Aiston employees, save for officers of Aiston, and then only in writing and when signed by such an officer. Aiston retains the right to prepare other terms and conditions and addenda as necessary.

BENEFITS AND ASSIGNMENT.

Client cannot assign, sublicense or otherwise part with any of its rights or obligations under these Terms and Conditions without the prior written consent of Aiston. Notwithstanding the foregoing, Aiston shall have the right, without the consent of Client, to assign these Terms and Conditions to an acquiring entity in the event of a sale of all or substantially all of Aiston’s assets, and the acquiring entity shall become responsible for all of Aiston’s obligations hereunder.

CHOICE OF LAW AND JURISDICTION.

The laws of the State of New York, without regard to its conflict of law rules shall apply to all transport, storage, work and/or services performed by Aiston. Client irrevocably consents to the exclusive jurisdiction of United States District Court for the Southern District of New York and the New York State courts and agrees that any action taken against Aiston, shall be brought only in said courts. THE PARTIES HEREBY WAIVE THEIR RIGHTS TO TRIAL BY JURY IN ANY CONTROVERSY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE DOCUMENTS DELIVERED IN CONNECTION WITH THIS AGREEMENT.

WAREHOUSE RECEIPT TERMS AND CONDITIONS

The Terms and Conditions of this Non-Negotiable Warehouse Receipt are accepted and agreed to by Bailor/Client. Aiston LLC’s Standard Terms and Conditions are incorporated herein by reference.

Definitions: Aiston LLC d/b/a Aiston Fine Art Services and its employees are referred to as “Aiston,” “Warehouseman” or “Bailee”; “Goods” are property, in whole or in part, in packed or unpacked state, including but not limited to fine art, that are tendered to Aiston for storage and other services subject to the terms set forth below and Aiston’s Standard Terms and Conditions; “Bailor” or “Client” is the person and/or entity that delivers Goods to Aiston as bailment.
Warehouse Lien: Aiston has a lien against all Goods deposited by Bailor pursuant to Uniform Commercial Code (UCC) and NY CLS U.C.C §§ 7-209 and 7-210. Aiston has a lien on all Goods held at Warehouse (and documents related thereto), for all charges, advances, and expenses incurred for the storage, protection, handling and insurance of Goods, services performed, and monies due Aiston (including, but not limited to, applicable interest and attorneys’ fees for enforcing this lien). This Lien is superior to all other liens and security interests and is effective as of the date that Goods are tendered to Warehouse. Bailor shall be deemed to be in default after 90 days in arrears and agrees that Aiston may dispose of Goods in any manner authorized by New York law. Subject to applicable lien law, Aiston is entitled to, but not obligated to, sell the Goods at public auction or private sale and to apply the proceeds of such sale first to Aiston’s sale expenses, interest, and principal of all amounts due for Aiston’s services. Bailor waives notice regarding Aiston’s disposal and/or sale of the Goods upon default.
Limitation of Liability: AISTON’S MAXIMUM LIABILITY FOR LOSS OR DAMAGE TO GOODS BY ANY CAUSE, INCLUDING NEGLIGENCE, SHALL NOT EXCEED $0.60 PER POUND AS DETERMINED BY THE ACTUAL WEIGHT OF THE UNWRAPPED PROPERTY BUT IT CANNOT EXCEED THE ACTUAL LOSS UNLESS BAILOR AT THE TIME OF ACCEPTANCE OF WAREHOUSE RECEIPT DECLARES A HIGHER VALUE FOR GOODS AND PAYS AN INCREASED CHARGE BASED ON THE DECLARED VALUE AND DOCUMENTS ITS ACTUAL LOSS IN ACCORDANCE WITH THE CLAIM FILING RULES SET FORTH BELOW. If no value is declared, Bailor shall release Goods with Aiston’s maximum liability for Goods being $0.60 per pound. Declared value may only be entered by Aiston and may not be altered without Aiston’s written consent. Aiston shall not be liable for loss of merchantability, consequential, exemplary, incidental, punitive or special damages, including, but not limited to, loss caused by delay, lost income, loss of revenue, profit, market value, diminution of market value or utility, clean-up costs and/or emotional distress, wear and tear, gradual deterioration, moths, vermin, inherent vice, hostile or warlike action, nuclear reaction, radiation, regardless of whether such damages might have been contemplated or foreseeable at the time of contracting or whether Aiston had knowledge that such damage may be incurred, all of which are deemed waived by Client.
Transfer, Termination of Storage, Removal: Aiston may move Goods within the facility in which it is stored or to its other facilities without notice. Aiston may, upon 30 days written notice to the Bailor and/or any other person known by Aiston to claim an interest in Goods, require the removal of any Goods by the end of this notice period. If not removed before the expiry of the notice period, Aiston may sell Goods in accordance with applicable law. If after a reasonable effort, Aiston is unable to sell Goods, it may dispose of it in any lawful manner and shall incur no liability by reason of such disposition. Pending such disposition, sale or return, Aiston may remove the Goods from the facility and shall incur no liability by reason of such removal.
Delivery Requirements: No Goods shall be delivered or right to possession transferred except upon receipt by Aiston of complete written instructions signed by Bailor. When Goods is ordered out, a reasonable time shall be given Aiston to carry out instructions, and if it is unable to do so because of acts of God (including but not limited to earthquakes, hurricanes, fires, floods, etc.), war, public enemies, seizure under legal process, epidemic or pandemic, or any reason beyond Aiston’s reasonable control, Aiston shall not be liable for failure to carry out such instructions and Goods remaining in storage shall continue to be subject to regular storage charges. Time shall not be of the essence in the delivery of any Goods unless specifically agreed otherwise in writing by Aiston 6. Storage Period, Charges and Rates: All charges for storage are per package or other agreed unit per month. Storage charges become applicable upon the date that Aiston accepts care, custody and control of Goods, regardless of unloading date or date of issue of Warehouse Receipt. All storage charges are due and payable on the first day of the storage month and shall be prorated in the event that the storage period is for less than one month. Rates are subject to change at Aiston’s discretion.
Tender for Storage and Handling: Goods shall be placed in general storage at Aiston’s discretion without regard for temperature or humidity conditions unless special instructions are requested in writing on the front of this Warehouse Receipt and for an additional charge. Labor and materials used for unloading and loading Goods and Goods handled before or after regular business hours shall be subject to an additional charge.
Claims: Bailor shall notify Aiston in writing of all damages within twenty four hours after discovery of damage to Goods, but in no event more than five days after receipt of Goods. Aiston must be provided written notice of claims by Bailor and all other persons within 30 days after date of delivery. No action may be commenced against Aiston unless notice has been given and a written claim has been filed. Any action against Aiston must be commenced within 1 year after date of delivery by Aiston or within 1 year after Bailor or holder of Warehouse Receipt is notified that loss or damage to part or all of Goods occurred, whichever time is shorter. When Goods have not been delivered, notice may be given of known loss or damage to Goods by emailing and/or mailing Bailor.
Third Party Actions: Should any legal actions be served on or taken against Aiston or its agent, relating to Bailor’s Goods, including but not limited to subpoenas, seizures and warrants, Bailor agrees to pay Aiston’s reasonable attorneys’ fees as a result of Aiston’s attorneys’ defense of or compliance with said actions. Bailor shall indemnify, defend and hold Aiston harmless for claims brought by third parties against Aiston relating to Bailor’s Goods. Aiston shall have the right to choose its own attorney.
Waiver of Subrogation: To the fullest extent permissible under law, Bailor waives any and all rights of subrogation against Aiston arising from any loss or damage to the Goods to the extent such damage is covered by insurance. This waiver shall preclude the assignment of any claim for loss of or damage to Goods by way of subrogation to any insurance company. This waiver of subrogation shall be in addition to, and not in limitation or derogation of, any other waiver, release, or limitation of liability contained in this Agreement. Bailor agrees to immediately furnish its insurers with written notice of this waiver, and to have all applicable insurance policies properly endorsed, if necessary, to prevent the invalidation of said insurance coverage by reason of said waiver of subrogation.
Severability: In the event any Paragraph(s) and/or portion(s) hereof are found to be invalid and/or unenforceable, the remainder hereof shall remain in full force and effect.
Choice of Law and Jurisdiction: This Warehouse Receipt shall be construed according to New York state law, without regard to its choice of law rule. Bailor irrevocably consents to the jurisdiction of United States District Court for the Southern District of New York and the New York State Courts and agrees that any action relating to this Warehouse Receipt shall be brought only in those courts. The parties hereby waive their rights to trial by jury in any controversy arising out of or relating to this agreement or any of the documents delivered in connection with this agreement.
Electronic Execution and Records. Bailor and Client agree that this document, including all signatures, initials, acknowledgments, selections, and authorizations, may be executed and delivered electronically. Any electronic signature, initial, checkbox selection, or other electronic indication of assent shall have the same legal force and effect as an original handwritten signature. Client further agrees that this electronic document constitutes a legally binding contract, is admissible in any legal or administrative proceeding, and that no paper original is required for enforceability. Client waives any objection to the use of electronic records, signatures, or delivery, including under the Electronic Signatures in Global and National Commerce Act (E-SIGN Act) and applicable state law.