This Agreement was last modified on September 25 2013
Transactions performed by a Buyer and Seller on the Logistics Univeral site, shall be governed by the Uniform Electronic Transactions Act (Civil Code Section 1633 et. seq.) governing Escrow Regulations.
A person or entity offering vehicles for sale, and desiring to use the Logistics Univeral Services in order to close such a sale, shall hereinafter be referred to as "Seller".
A person or entity desiring to purchase vehicles from a Seller, by use of the Logistics Univeral for completing the purchase shall be referred to as "Buyer".
Once the Buyer and Seller have agreed to these General Logistics Univeral Instructions, these instructions shall constitute a binding contract between all parties. Logistics Univeral covers buyers who complete a transaction for the following types of deliberate and material misrepresentation by the seller
Paying for a vehicle and never receiving it.
Paying for and receiving a vehicle:
The Seller will have to start the shipping process and provide the Buyer with relevant information within 48 hours since payment confirmation. Upon receipt of the vehicle the Buyer will have 7 days at his disposal to perform all necessary tests.
Upon receipt of Buyer's funds, and clearance of same, Logistics Univeral will notify Seller to ship the vehicle. Seller agrees to ship the vehicle, insured for full value to Buyer. Buyer and Seller agree to choose a shipping method that utilizes online tracking information.
The Buyer Inspection Period (7 days) shall commence upon the first to occur of either: (1) Buyer's acknowledgement of receipt of vehicle; or (2) the Logistics Univeral receipt of verification of delivery to the Buyer's profile information via the shipper's or registrar's tracking services. The Buyer Inspection Period shall be calculated in full calendar days, 7 days as stipulated in Instructions and Deposit of Funds.
During the Buyer Inspection Period, Buyer shall either: (1)Accept the vehicle, and follow all further instructions accordingly to complete acceptance of the vehicle. Logistics Univeral will pay the Seller the purchase price ; or (2) Reject the vehicle and follow any further instructions to complete the rejection of the vehicle.
During the Buyer Inspection Period, Buyer may reject the vehicle for any reason but according to all terms and conditions. Upon such rejection, Logistics Univeral will send Seller an email stating Buyer's decision to reject and return the vehicle.
All deposits for goods in Escrow ( provided by Logistics Univeral ) should be submitted according to the invoice payment details. Failure to do so will result in the Escrow transaction being voided.
By using the site you are agreeing to the terms and conditions which have been written.