​§1 Scope

1.1. Scope

These Rental and Insurance Terms and Conditions apply to any rental of equipment or space from Normas Cranes A/S (the Lessor), unless otherwise specifically agreed and confirmed in writing by the Lessor.

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§2 Quotations and Prices

2.1. Quotations and Prices

Any quotation, estimate or price indication is valid for a maximum of one month and is always issued as an invitation to treat and subject to prior hire. All prices are stated exclusive of VAT and exclude consumables, fuel and environmental charges.

All prices for transport, erection and dismantling are based on the work being carried out as one continuous operation.

Unless otherwise agreed, the quotation includes one site inspection visit per project. Additional meetings, RAMS, drawing work, technical calculations, HSEQ reporting, etc. will be invoiced separately.

For confirmed orders, the Lessor reserves the right to apply price increases resulting from intervention by public authorities, collective bargaining agreements or other requirements imposed by public authorities.

2.2. Invoicing

Erection is invoiced upon completion. Rental is invoiced monthly in advance, and dismantling is invoiced when the equipment has arrived at the Lessor’s premises.

Late payment will incur a reminder fee of DKK 100 and interest at 2% for each commenced month.

2.3. Terms of Payment

Terms of payment: net 20 days, unless otherwise agreed in writing.

2.4. Postponement

The Lessor reserves the right to invoice the Lessee for transport, mobilisation and other documented costs in the event of postponement by the Lessee, as follows:

Semi-mobile crane – postponement of ordered services must be notified on a working day during normal working hours (07:00–15:00) no later than 24 hours before the planned commencement of the order. This means that a delivery scheduled for Monday morning must be cancelled no later than Friday morning.

Tower crane – postponement of ordered services must be notified on a working day during normal working hours (07:00–15:00) no later than 72 hours before the planned commencement of the order. This means that a delivery scheduled for Monday morning must be cancelled no later than Wednesday morning.

Construction hoist – postponement of ordered services must be notified on a working day during normal working hours (07:00–15:00) no later than 24 hours before the planned commencement of the order. This means that a delivery scheduled for Monday morning must be cancelled no later than Friday morning.

2.5. Cancellation

If the Lessee cancels the agreement before the start of the rental period, the Lessor reserves the right to charge three months’ rental as well as costs relating to preparation and transport from the nearest depot.

The notice period is one month in writing and is valid only when confirmed by the Lessor.

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§3 Rental Period

3.1. Commencement of Rental

The rental period is a specified period of time agreed separately between the Lessee and the Lessor when the rental agreement is entered into.

If the end of the rental period is agreed by reference to a week number, the rental period ends on the last day of that week.

The rental period may be extended; see §3.4.

3.2. Risk in Respect of the Rented Equipment

Following erection of the rented equipment (the time of erection), responsibility and risk in respect of the rented equipment pass to the Lessee until the rented equipment is returned to the Lessor’s depot or, by agreement, dismantled by the Lessor (the time of dismantling).

3.3. Failure to Return the Rented Equipment

If the rented equipment has not been returned by the agreed end date, the Lessee shall pay rental, insurance and all other expenses connected with the rental until the equipment is returned. The same applies if circumstances attributable to the Lessee, or any other circumstance for which the Lessee is responsible, prevent the return of the rented equipment. The provisions concerning notice of termination during the extension period pursuant to §3.4 also apply to this clause.

3.4. Extension

If the Lessee wishes to extend the agreed rental period pursuant to §3.1, the agreement may be extended by up to three months. Unless otherwise agreed, prices will be index-adjusted by 3% during the extension period.

An extension beyond three months requires renewal of the rental agreement. During the three-month extension period, the notice period for termination is 10 rental days for construction hoists, 21 rental days for tower cranes and 10 rental days for self-erecting cranes. If customary days off or holidays, including Saturdays, fall within this period, the notice period will be extended accordingly.

Termination is valid only when confirmed by the Lessor.

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§4 Rental and Other Payments

4.1. Rental

Rental is calculated for each commenced working day during the rental period. Working days are weekdays from Monday to Friday. The rented equipment may be used for a maximum of 40 operating hours per week unless otherwise agreed in writing. This period is hereinafter referred to as the rental time.

4.2. Rental Time

If the rented equipment is to be used outside the period stated in clause 4.1, at weekends or on public holidays, the Lessee is obliged to pay a separate fee for such use. The fee must be agreed in writing before use.

4.3. Calculation of Rental

Rental is charged irrespective of any downtime of the rented equipment where the downtime is at the request of the Lessee and the downtime period has not been agreed in advance between the Lessee and the Lessor. The same applies where downtime is caused by an order or requirement from a third party, see §18, or where the downtime is caused by incorrect operation of the rented equipment by the Lessee.

In addition to rental, the Lessee shall bear all consequential expenses of any kind, irrespective of whether the use results from the Lessee’s request or from an order or requirement imposed by a third party.

Where mobile cranes and trucks are used in connection with erection, dismantling and any additional use during the rental period, time during which the work is interrupted as a result of weather conditions preventing the work from being carried out will be charged in addition to the contract sum.

4.4. Sundays, Public Holidays and Rental Suspension

For Sundays and public holidays, rental is charged at the same rate as for a weekday, irrespective of whether the day is a public holiday or similar. If the machine is used during a period for which a rental suspension has been agreed, rental will be charged for the entire period.

4.5. Costs in Connection with Downtime

Costs arising as a result of the above circumstances are of no concern to the Lessor, irrespective of the reason for their occurrence. The Lessee shall therefore bear all costs arising in connection with the downtime, including claims by the Lessor, indirect or direct costs, charges or fines.

4.6. Orders, Charges, Taxes, etc.

In addition to the above costs, the Lessor is entitled to recharge to the Lessee any expense arising from an order, charge, tax or similar requirement. The same applies to any charge, rental fee or similar amount required by a public authority or third party, including rental or charges for use of the area on which the equipment is erected.

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§5 Users

5.1. Users

The rented equipment is made available to the Lessee without operating personnel. The Lessee is obliged to ensure that the rented equipment is operated only by qualified personnel. The Lessee warrants that the user has the necessary qualifications. Tower cranes may only be operated by persons holding the required certificate.

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§6 Erection/Dismantling Site

6.1. Site Inspection

The Lessee is responsible for ensuring that the Lessee’s representative, in the form of a foreman, engineer or site manager, is present at the place of use during the site inspection and/or upon arrival of the rented equipment. Upon arrival, the Lessee’s representative must indicate the correct erection location. The Lessee may consult the Lessor in connection with selection of the machine, but the Lessee makes the selection and bears responsibility for ensuring that the selected machine is suitable.

6.2. Erection Location

The Lessee shall, without being requested to do so, provide information on the height of and distance to surrounding buildings, fixed objects of any kind and any other circumstances relevant to the use and possible use of the rented equipment.

The Lessee is responsible for ensuring that the ground is correctly levelled and capable of absorbing the forces imposed by the rented equipment, including adequate distances to trenches, concealed pipes and similar installations. The Lessor is entitled to require the relevant conditions to be investigated and documented prior to erection. The Lessee is responsible for ensuring that sufficient space is available at the site for erection and dismantling of the rented equipment. The Lessee is also responsible for ensuring that the rented equipment can be dismantled after use and must therefore take this into account when indicating the erection location. This includes ensuring sufficient space for the transport and handling equipment selected by the Lessor, normally a crane truck, truck, low-loader, forklift and, where applicable, a mobile crane. A mobile crane must be capable of being positioned up to 13 metres from the crane erection location.

6.3. Access Road to the Erection and Dismantling Site

The access road to and from the erection site must be firm and suitable for the relevant transport. Sufficient space must also be available for erection and for loading and unloading the equipment. At the Lessee’s expense, the Lessor may arrange road plates or ground protection for both the machine base and the access road.

6.4. Power Supply at the Site

Upon arrival of the rented equipment at the erection site, a power supply must be established at the centre of the erection location both for erection and for operation of the rented equipment during the rental period. The power supply must comply with the Lessor’s requirements regarding current and voltage. Voltage drops may cause the equipment to operate incorrectly.

6.5. Transport and Erection

Unless otherwise agreed, the Lessee shall bear all costs of transport and erection of the rented equipment, including erection, electrical connection, approvals, load testing, etc. The Lessee shall likewise bear all costs of dismantling and return transport.

6.6. Special Provisions Relating to Cranes

In connection with erection/dismantling of cranes, the Lessee shall make a crane operator available. The crane operator shall participate in the erection/dismantling as an assistant to the crane erector. The Lessee bears responsibility for the assistant during performance of the work.

Where erection is carried out on a foundation, the foundation must be cast and fully cured. Where erection is carried out using an embedded mast/anchor, the mast/anchors must be cast into the foundation and fully cured. Where erection is carried out on bogies, a minimum of 12 metres of crane track must be laid on a load-bearing surface. The above work shall be carried out by the Lessee, who shall also bear the associated costs.

6.7. Costs Arising from Site Preparation

If the Lessor assesses that one or more of the above conditions have not been met, the Lessor may, at the Lessee’s expense, either remedy the matter or suspend the erection/dismantling work. In this connection, the Lessor may, among other things, order levelling of the ground, additional auxiliary equipment such as a mobile crane, road plates or ground protection for the access road or machine base, temporary site power, etc. Irrespective of whether the Lessor remedies the matter or suspends erection/dismantling, the Lessee shall pay all resulting costs in addition to those stated in the agreement, including waiting time, additional transport, cable rental, etc.

6.8. Mandatory Training/Courses and Clothing

Any cost relating to mandatory training, courses or clothing required by the Lessee or the construction site will be invoiced separately on a cost basis.

6.9. Barriers and Notification

The Lessee is responsible for barriers to the extent necessary, including maintaining such barriers and providing the necessary notification both to the public and internally on the construction site.

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§7 Accessories

7.1. Accessories

The Lessee shall provide lifting gear for use with the rented equipment. The Lessee warrants that such lifting gear is approved and suitable for its intended use.

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§8 Approvals, etc.

8.1. Use

During use, the Lessee is responsible for compliance with applicable laws and regulations, and the Lessee must not use the rented equipment for purposes or under conditions for which it is not designed.

8.2. Notifications and Approvals

The Lessor shall notify the erection to the extent required by law.

To the extent required, the Lessee is responsible for making any other notifications and registrations, including obtaining approval for erection from the relevant authorities.

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§9 Repair and Maintenance

9.1. Normal Wear and Maintenance

The Lessor will remedy normal wear and tear at no cost to the Lessee. Such work will be carried out during normal working hours, and the Lessee is obliged to make the equipment exclusively available to the Lessor for the time required.

9.2. Daily and Weekly Maintenance

The Lessee shall bear the cost of and be responsible for the daily and weekly maintenance of the rented equipment. Upon receipt of the rented equipment, the Lessee has been provided with the operating instructions for the rented equipment and may obtain access to the equipment logbook upon request.

9.3. Consumables

The Lessee is responsible for replacing and paying for consumables of any kind, including, but not limited to, fuses, light sources and similar items.

9.4. Misuse of the Rented Equipment

Costs of repairs and service call-outs resulting from the Lessee’s misuse of the rented equipment shall be borne by the Lessee and invoiced separately. Misuse includes, among other things, any incorrect operation, excessive loading or other handling contrary to the manual or the manufacturer’s instructions.

9.5. Notification and Performance

The Lessee is obliged to notify the Lessor of any necessary maintenance or repair. Maintenance or repairs may only be carried out by the Lessor or pursuant to a separate agreement with the Lessor.

9.6. Service and Call-Outs Outside Opening Hours

The Lessor provides service Monday to Thursday from 07:00 to 15:30 and Friday from 07:00 to 12:30.

Repair and maintenance work carried out at the Lessee’s expense shall be charged on a time-and-materials basis or in accordance with a separate service subscription agreement. If the Lessee requests a technician call-out outside normal opening hours, this must be separately agreed and paid for. Current rates are available on request.

9.7. Fault Reporting

When reporting a fault by telephone, the Lessee must make a suitable employee available at the machine.

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§10 Damage

10.1. Notification to the Lessor

The Lessee must notify the Lessor immediately upon discovering any damage to the rented equipment.

The Lessor will then arrange for the damage to be repaired. Where damage is covered by insurance taken out pursuant to the rental agreement, the Lessor will handle notification of the claim to the insurance company.

10.2. Fastening of the Rented Equipment

The Lessee alone bears responsibility and risk for any damage arising from the fastening of the rented equipment. The Lessor is not obliged to remove bolts or similar items after use.

10.3. Cleaning, Scratches, etc.

Upon return of the rented equipment, inadequate cleaning, scratches, minor dents or similar matters are also regarded as damage and will be remedied at the Lessee’s expense.

Smoking: see §17.

10.4. Storage of Customer Equipment

If Kran Elektro stores a customer’s equipment, Kran Elektro shall not be liable for damage that may occur while the equipment is in its custody. The owner of the equipment is responsible for keeping it insured.

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§11 Insurance

11.1. Machinery Insurance

Where it has been agreed that the rented equipment is to be covered by the Lessor’s all-risk machinery insurance during the rental period, this must be stated in the rental agreement.

11.2. Scope of Insurance

The insurance covers sudden damage to permanent components of the rented equipment.

The insurance does not cover:

– damage caused by gross negligence;

– intentional damage;

– damage caused by misuse, incorrect loading, overloading or violence against the rented equipment;

– or similar circumstances attributable to the above.

The insurance does not cover wear parts, fuses, chains, wire ropes or other running gear.

The Lessee is liable for damage not covered by the insurance taken out.

The insurance terms and conditions are available on request.

The provisions concerning repair and maintenance are set out in §9 of these Rental Terms and Conditions.

11.3. Deductible

For each insured loss, the deductible payable by the Lessee is DKK 75,000 per claim. In the event of a claim, the Lessee is entitled to have the amount of the deductible verified by the insurance company.

11.4. Property Damage and Personal Injury

The Lessee is obliged and responsible for ensuring that the rented equipment is covered by liability insurance taken out by the Lessee and covering the Lessee’s use of the rented equipment.

The insurance must cover the Lessee’s liability for personal injury and property damage arising from use of the rented equipment.

11.5. Theft and Vandalism

Theft of or vandalism to the rented equipment must be reported to the Lessor and the police within 24 hours of the incident. Damage to the rented equipment must likewise be reported to the Lessor within 24 hours from the time the damage is discovered or ought to have been discovered.

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§12 Loss of Operation

12.1. Liability

The Lessee alone bears responsibility and risk for any loss of operation, regardless of the cause and whether direct or indirect, including where caused by downtime, defects or deficiencies in the rented equipment or by delay in delivery, servicing or collection of the rented equipment.

The Lessor shall never be liable for work stoppages, machine damage or delays resulting from war, fire, strikes of any kind, lockout, intervention by public authorities or public authority requirements, including orders from authorities, precipitation, low temperatures, wind or other weather conditions that wholly or partly stop operations.

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§13 Professional Liability

13.1. Application

The following provisions on professional liability apply only where the Customer/Lessee orders a separate advisory service from the Lessor and a written agreement concerning such advisory service exists between the parties.

The adviser is responsible only for the specific advice provided, and the Customer/Lessee therefore bears responsibility for the use made of that advice.

The adviser’s professional liability is limited to a maximum amount equal to the fee payable under the separate agreement.

The above limitation of liability applies irrespective of whether the Customer/Lessee’s order for advisory services forms part of any other service ordered by the Customer/Lessee or by a third party.

The adviser may only be held liable where it can be demonstrated that the adviser is directly responsible for damage caused by gross negligence or wilful misconduct.

The adviser also disclaims liability for indirect losses in accordance with the terms set out in §9.

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§14 Weather Conditions

14.1. Weather Conditions

The Lessor shall have no liability in respect of the rented equipment or its use during the rental period, including any inconvenience caused by weather conditions.

The Lessee is responsible for suspending use of the rented equipment when the weather-related limits specified in the manufacturer’s instructions are reached. The applicable limits are available on request.

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§15 Unannounced Inspection

15.1. Inspection

Throughout the rental period, the Lessor is entitled, without notice and at any time, to inspect, service or examine the rented equipment.

The Lessee is obliged to make the equipment exclusively available for the time required.

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§16 Breach

16.1. Material Breach

In the event of a material breach, the Lessor is entitled to terminate the rental agreement with immediate effect and without notice.

Material breach includes, but is not limited to: suspension of payments by the Lessee, compulsory composition or bankruptcy; misuse of the rented equipment; overloading of the rented equipment; operation by unqualified personnel; subletting of the rented equipment without agreement with the Lessor; or failure to fulfil an obligation under these Terms and Conditions, the quotation or any other agreement connected with the rental relationship.

16.2. Other Breach

Any other breach entitles the Lessor to terminate the rental agreement on five working days’ notice.

16.3. Costs

Upon termination pursuant to this section, the Lessor is entitled to dismantle and collect the rented equipment at the Lessee’s expense and risk.

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§17 Smoking

17.1. Smoking in the crane cab is prohibited.

In the event of a breach, the Lessee will be invoiced for full specialist cleaning and odour removal.

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§18 Force Majeure

18.1. Application

If performance of the agreement is prevented, rendered impossible or becomes an unreasonable burden for either party due to extraordinary circumstances that the affected party cannot mitigate and could not reasonably have foreseen, including, but not limited to:

war, strikes, lockouts, accidents, fire, natural disasters, orders or prohibitions issued by public authorities, new or amended legislation, riots or civil unrest, exchange restrictions, reductions in the supply of goods or fuel,

as well as deficient or delayed deliveries from subcontractors due to the above or similar circumstances, the parties are entitled to invoke such circumstances as grounds for relief from their obligations under the agreement.

The above circumstances may only be invoked where their effect on performance of the agreement could not have been foreseen when the agreement was entered into.

18.2. Invocation

A party invoking force majeure must, without undue delay, notify the other party in writing and state the effect of the force majeure event on performance of the agreement, including how the event is expected to affect the agreement and proposals for mitigating measures.

Each party shall bear its own costs and losses resulting from force majeure.

Accordingly, the Lessee may under no circumstances impose any liability on the Lessor or claim compensation for delay in the Lessor’s performance.

If a force majeure event prevents performance of material parts of the agreement for more than 30 consecutive days, the party not prevented from performing by the force majeure event is entitled to terminate the agreement on 14 days’ written notice without this giving rise to any claims between the parties.

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§19 Confidentiality

19.1. Confidentiality

Confidentiality and trust are essential to a good working relationship, and the parties are therefore subject to a requirement of mutual confidentiality. This confidentiality means that all information received from or concerning the Lessee will be treated as confidential.

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§20 GDPR

20.1. Data Processing and Storage

Data will be processed and stored responsibly and in accordance with the applicable data protection regulation.

By entering into the agreement, the Lessee consents to the Lessor processing those categories of information that are relevant in order for the Lessor to provide the requested service.

Pursuant to the Danish Bookkeeping Act, data will be retained for five years after the end of the customer relationship and will then be deleted.

20.2. Deletion of Data

Data will, however, always be deleted when it is no longer relevant to the purpose for which it was collected, or if the Lessee withdraws consent before the actual agreement has been entered into.

§21 Governing Law and Venue

21.1. Governing Law

Any dispute between the Lessee and the Lessor shall be determined in accordance with Danish law, understood as the law that, at the time of the dispute, would apply between two parties domiciled in Denmark in a matter with no international elements.

21.2. Venue

Any dispute shall be brought before and determined by the Danish court having jurisdiction at the Lessor’s registered venue.

Date: August 2026

KRAN ELEKTRO A/S

Company Reg. No. (CVR): 17826182