Vendor booth rental applies to the entire opening period, and not just individual days/weekends.
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RENT AMOUNT
RENT FOR VENDORS IN KARL JOHAN IN THE PERIOD 10.11.23 – 01.01.24:
ALTERNATIVE 1:
- NOK 108,220 excl. VAT. + 17% of net turnover after passing NOK 500,000 in gross turnover
- The rent includes the rent of the vendor’s booth and common costs for the entire period.
- Rent of exhibitor booth: NOK 79,200 excl. VAT.
- Joint costs: NOK 29,020 excl. VAT.
*NB! The cost of checkout will be added, maximum price NOK. NOK 5,700 excl. VAT.
ALTERNATIVE 2:
- NOK 30,000 excl. VAT. + 30% of net turnover in turnover rent
- NOK 30,000 excl. VAT. serves as a minimum guarantee amount and is offset against the turnover rent.
COMMON COSTS ARE AS FOLLOWS:
- Renovation (waste management and containers)
- Separate toilet facilities for employees
- Guest toilets
- Access to laundry room
- Snow removal and graveling
- 24-hour professional area security
- Cleaning
- Water supply at the production area
- Power: Two pcs. 16A contacts (230 volts, single phase) current and consumption. That is max 3500 w per contact. At start-up and during the process, devices will be registered. Power consumption is settled and billed after if power consumption exceeds the maximum limit of 7,000 w. Own prices for additional electricity needs and consumption (see point 5 «Rental of additional equipment»).
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BILLING
When entering into an agreement before 1 August:
- Part payment 1 is due for payment 7 days after signing this agreement and the amount is NOK 25,000 excl. VAT. This payment is non-refundable under any circumstances. In the event of delayed payment, the organizer can freely choose to rent the stall etc. out to others without being bound by this agreement. The organizer can also choose to maintain this agreement.
- Part payment 2 June 2023 with a nominal value of NOK 27,100 excl. VAT.
- Part payment 3 as of 20 August 2023 with a nominal value of NOK 27,100 excl. VAT.
Late payment interest accrues in case of late payment, cf. the Late Payment Interest Act.
When entering into an agreement after 1 August:
- The entire fixed price part of the rental sum, i.e. NOK 79,200 excl. VAT. el. NOK 30,000 excl. VAT. are invoiced in one, and are due for payment 7 days after the conclusion of the agreement. If payment is delayed by 3 days or more, the non-payment shall be considered significant and give the Organizer the right to cancel. Late payment interest accrues in case of late payment, cf. the Late Payment Interest Act.
In all cases: The vendor will be invoiced for joint costs, checkout and any additional equipment in November, due one week after the opening of the event.
REVENUE RENT:
In addition to the invoicing mentioned above, an addition of 17% of the vendor’s net turnover is settled and invoiced after passing NOK 500,000 in gross turnover (Alternative 1), or 30% of the vendor’s net turnover from and including the first week of opening.
Example Option 1: Your accumulated turnover has reached NOK 520,000 incl. VAT.
Calculation: 20,000/ 1.25 = NOK 16,000.
Of NOK 16,000, you pay 17% to the organizer = NOK 2,720 excl. VAT. (for exhibitors with 25% VAT)
Example Option 2: Your cumulative turnover has reached NOK 150,000 incl. VAT.
Calculation: 150,000 / 1.25 = NOK 120,000.
Of NOK 120,000, 30% is calculated = NOK 36,000 excl. VAT.
Deducted guarantee amount NOK 30,000 excl. VAT. = NOK 6,000 excl. VAT. (for exhibitors with 25% VAT)
Operating rent is invoiced weekly with one day due throughout the entire period. Reconciliation of the final balance settlement is done on 3 January 2024.
NB! Note that if the vendor fails to pay invoices to the organizer by the due date, the outstanding amount will be deducted from the vendor’s settlement, which is paid out twice a week. This is considered extra work, and the vendor is invoiced a fee for each such case. By signing this agreement, the vendor agrees to this.
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CASH DEPARTMENT AND TERMINAL
Jul i Vinterland operates with a joint checkout solution which the vendor undertakes to use exclusively. It is not permitted to use your own bank terminal or cash register solution. The price for renting a checkout solution is a maximum of NOK 5,700 excl. VAT. per checkout solution. The price includes the following equipment:
- Bank terminal
- Charger with cable
- Docking station
- Cash box for storing cash (optional)
- Access to own Back Office with all information and statistics in one place
Registration of product lines and training in the checkout system takes place well in advance of opening, with support from the checkout solution provider.
NB! Note that damage to equipment and/or non-delivery of equipment, extra work carried out by the supplier in connection with setting up the checkout solution, as well as manual deductions from settlement if outstanding invoices to the organizer are not included in the rental price and the vendor is invoiced according to the supplier’s own prices.
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CANCELLATION
The vendor has the right to cancel his allocated space in accordance with the agreement here, provided that the organizer has received written notification of such cancellation by 1 August 2023. As long as the organizer has received notification of cancellation before this time, it has a claim for a refund, excluding Part Payment 1. If cancellation takes place after 1 August 2023, loses the vendor’s right to a refund/repayment of all partial payments that have been paid to the organizer in the event of cancellation.
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HIRE OF ADDITIONAL EQUIPMENT
The organizer offers the hire of various additional services and equipment for vendors who may need it.
- Rent of pallet space in refrigerated containers: NOK 5,000 VAT. per pallet
- Rent of pallet space in storage containers: NOK 2,500 VAT. per pallet
- Additional power:
- 1 x 16A: NOK 5,000 VAT.
- 1 x 32A: NOK 10,000 VAT.
- 1 x 63A: NOK 20,000 VAT.
*To order extra equipment, contact the vendor manager, Carina Sandvik, directly by e-mail:
carina.sandvik@lund-gruppen.no