AIRCRAFT
SEARCH SERVICES
When it comes to signing-up for AIRCRAFT
SEARCH SERVICES, what can you expect from DERRICK INGS AIRCRAFT SALES?
The most important thing is that we recognise the requirements are
yours, not ours, and as such the specification and purchase price range is
always yours to control. We will give advice where necessary and, once we have
found a suitable aircraft, will guide matters to as smooth and speedy a
conclusion as possible.
We will ask you to sign a consultancy/Search Project Agreement and pay
our fees at the appropriate time. Billable items comprise two sections;
firstly, on-going expenses and, secondly, a fee payable in three stages upon
acquisition of an aircraft.
Other than extremely minor items, each item of expenditure will be
discussed and agreed (usually in writing) before going forward and will
generally be payable in advance. A typical example would be, at an appropriate
time engaging the services of a professional aircraft engineer to carry out a
Pre-Purchase Inspection (PPI); in this case DIAS would require payment before
instructing the engineer to carry out the PPI.
The main fee is payable in three
stages; firstly an advance payment based on a percentage of the likely purchase
price; then a further payment, due when the client pays for the aircraft, based
on a percentage of the final negotiated purchase price of the aircraft. The final
payment becomes due when the aircraft is in-service following any necessary
upgrade or certification work.
We recognise that the initial criteria can change during the life-cycle
of a Search Project and DIAS will work closely with the client to ensure all
whims are discussed, and hopefully catered for. Every effort will be made to
meet clients' requirements but we would ask that you make immediate contact
should you need to amend your instructions.
A Search Project will usually involve some or all of the following
steps:-
i)
Agreeing an Outline Specification with
the client
ii)
Client obtaining a finance agreement
(in principle) if appropriate
iii)
Client to sign a Search Agreement with
DIAS
iv)
Client to pay the first stage of the
DIAS fees
v)
DIAS to begin the search for a suitable
aircraft
vi)
Identification of one or more likely
aircraft
vii)
Assistance with identification of items
required to bring the aircraft to Certification to client's specification on
clients choice of Register (CAA, FAA etc) - to include approximate pricing for
same
viii)
Understanding timescales with providers
of post-purchase items such as engineering work and/or paint work and/or
airframe/avionics upgrades and/or certification work.
ix)
Client's acceptance in principle of
base aircraft spec and equipment upgrades
x)
Negotiating sales price with seller
xi)
Agreeing that price with purchaser
xii)
Engagement of a professional aircraft
engineer to carry out a Pre-Purchase Inspection (PPI) and arranging a date
suitable to all parties for the PPI
xiii)
Depending on the result of the PPI,
negotiating final price with seller
xiv)
Title/lien search
xv)
Arranging for seller and purchaser to
sign an agreement (it is likely this will be signed directly by DIAS' client
rather than by DIAS. DIAS has a contract document to offer to both parties
should neither have a standard format, however, it is expected that most
sellers will already have their own document.
xvi)
DIAS' client to transfer funds to DIAS
or DIAS' escrow agent
xvii)
Ensure, where appropriate, that DIAS'
client has a FAA Trust set up.
xviii)
Title change (as appropriate to sellers
and purchasers registers) and transfer of funds
xix)
Payment of 2nd stage of DIAS
main fee
xx)
Booking upgrade/certification work
mentioned at vii) above
xxi)
DIAS will arrange positioning of
aircraft to DIAS' client's home base. Where appropriate, DIAS will arrange
international ferry flight (all positioning costs and/or ferry charges are to
be paid in advance).
xxii)
Assistance with Customs Import if
appropriate using professional contacts. This issue is vitally important and
DIAS believe that such matters should be handled by appropriately
qualified/experienced personnel and must be handled in an expeditious manner.
xxiii)
On arrival at home base, engineering,
upgrade (i.e. avionics) and any certification work to begin
xxiv)
Aircraft in-service and final handover
to DIAS client
xxv)
Payment of final DIAS bill
xxvi)
Hopefully years of enjoyment
This list is not exhaustive but shows the range of work DIAS is likely
to undertake.
The time from acceptance of a Search Agreement to aircraft acquisition
should be around 2 - 3 months but can take longer according to the market and
the requirements of the purchaser.
If you feel we can be of service please
contact DERRICK
INGS AIRCRAFT SALES. We look forward to hearing from you.
DERRICK INGS AIRCRAFT SALES
SP8 4WB
Tel: +44 (0) 1747 825378
Fax: +44 (0) 1747 826870
Email: DerrickingsDIAS@aol.com
Web: www.derrickings.com