Terms and Conditions

Seefleet AS Subscription Terms and Conditions
Effective May 2026  

‍1. Introduction
Seefleet AS is a Norwegian company that provides subscription-based software solutions as a service.
These Terms and Conditions govern the relationship between Seefleet AS (the “Supplier”) and the customer (the “Customer”, “you” or “your”).
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These Terms and Conditions incorporate by reference:
• Annex 1 – Data Processing Addendum (available on request).  

By creating an account, placing an order, or using the Supplier Service, the Customer accepts and agrees to be legally bound by these Terms and Conditions.  

‍2. Definitions
“Authorised User” means any employee, consultant or contractor of the Customer authorised to use the Supplier Service solely for the Customer’s internal business purposes.

“Confidential Information” means non-public information disclosed by one party to the other that is marked confidential or ought reasonably to be treated as confidential.

“Customer Data” means any data, text, files, images or other content uploaded or submitted by the Customer or its Authorised Users.

“Intellectual Property Rights” means all intellectual property rights worldwide.

“Subscription” means the Customer’s paid subscription to the Supplier Service.

“Subscription Fee” means the fee payable for the Subscription.

“Supplier Data” means all data owned or licensed by the Supplier and made available through the Supplier Service (including third-party vessel data).

“Supplier Service” means the Seefleet platform and related software solutions.  

‍3. Licence
3.1 In consideration of payment of the Subscription Fees, the Supplier grants the Customer a non-exclusive, non-transferable, non-sublicensable, revocable licence for Authorised Users to access and use the Supplier Service during the Subscription Term solely for the Customer’s internal business purposes.

3.2 The licence ends automatically when the Subscription expires or is terminated.  

‍4. Restrictions
The Customer shall not (and shall not permit any Authorised User or third party to):
(a) exceed the purchased number of Authorised Users or capacity limits;
(b) copy, modify, adapt, reverse engineer, decompile or create derivative works;
(c) rent, lease, sell, sublicense or transfer rights;
(d) attempt unauthorised access;
(e) frame or mirror the Supplier Service;
(f) transmit infringing, unlawful or harmful material;
(g) use the Supplier Service in violation of any law or third-party rights; or
(h) remove or alter copyright or proprietary notices.  

‍5. Subscription Term and Termination
5.1 Each Subscription runs for an initial term of one (1) year and automatically renews for successive one-year periods unless either party gives at least thirty (30) days written notice of non-renewal before the end of the current term.

5.2 Either party may terminate immediately for material breach that is not remedied within a reasonable period specified in writing.

5.3 The Supplier may terminate immediately if the Customer becomes subject to bankruptcy, insolvency proceedings or similar events.

5.4 On termination or expiry the Customer must immediately stop using the Supplier Service and any unpaid Subscription Fees for the remainder of the current term become immediately due (unless the Customer terminated under clause 5.2).  

‍6. Payment
6.1 Subscription Fees are payable annually in advance.

6.2 Invoices are due within fourteen (14) days. Late payments accrue statutory interest.  

6.3 Price Adjustments.
The Supplier may increase the Subscription Fee annually by 4% plus the increase in Statistics Norway’s main consumer price index for the previous calendar year.
The Supplier may also adjust fees to reflect increased costs, changes in third-party pricing, changes in public taxes or levies, or material changes to the Supplier Service. Any such adjustment shall be notified to the Customer at least forty (40) days prior to the next renewal date and shall take effect upon renewal.  

‍7. Updates
The Supplier may deploy updates (including automatic updates that modify or remove features). All updates form part of the Supplier Service.  

‍8. Service Availability
The Supplier does not guarantee that the Supplier Service will be uninterrupted or error-free. The Supplier may perform scheduled or unscheduled maintenance, which may affect availability.

The Supplier Service may also be subject to limitations, delays and other problems inherent in the use of the internet and third-party data sources. The Supplier shall not be responsible for any delays, delivery failures or other damage resulting from such issues.  

‍9. Intellectual Property Rights
All Intellectual Property Rights in the Supplier Service and Supplier Data remain with the Supplier or its licensors. The Customer is granted only the limited license set out in clause 3.  

‍10. Supplier Data Disclaimer
The Supplier Data is provided for general informational purposes only. The Supplier does not warrant that Supplier Data is accurate, complete or up to date.

The Customer acknowledges that Supplier Data may be sourced from third parties and may be subject to errors or delays. The Customer is solely responsible for verifying such data before relying on it, and the Supplier shall have no liability for any decisions or actions taken based on Supplier Data.  

‍11. Privacy and Data Protection
11.1 The Customer owns its Customer Data and grants the Supplier the rights necessary to provide the Supplier Service.

11.2 Back-ups and restoration. The Supplier maintains daily back-ups with industry-standard redundancy and will use commercially reasonable efforts to restore lost Customer Data free of charge from the latest available back-up in the case of a disaster/incident.

11.3 Disclosure to Third-Party Data Providers. The Customer acknowledges and agrees that, where the Supplier Service includes data licensed from third-party providers (including IHS Markit), the Supplier may be required to disclose the Customer's identity, contact details, number of Authorized Users, and general usage information to such providers for the purposes of license administration, compliance, audit, and reporting. The Customer consents to such disclosure and agrees that such information shall not be treated as Confidential Information for this limited purpose.  

12. Changes to these Terms and Conditions
The Supplier may update these Terms and Conditions by giving prior written notice to the Customer (normally by email or in-app message).  

‍13. Disclaimer of Warranties
THE SUPPLIER SERVICE IS PROVIDED “AS IS”. TO THE MAXIMUM EXTENT PERMITTED BY LAW THE SUPPLIER DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED.  

‍14. Confidentiality
Each party shall keep the other party’s Confidential Information confidential and use it only to exercise its rights and perform its obligations under these Terms and Conditions.  

‍15. Customer Indemnification
The Customer shall indemnify and hold harmless the Supplier against any claims arising from Customer Data, the Customer’s use of the Supplier Service, or the Customer’s breach of these Terms and Conditions.  

‍16. Limitation of Liability – Customer Data
16.1 The Supplier’s sole obligation in relation to Customer Data is to maintain daily back-ups and use commercially reasonable efforts to restore Customer Data from the latest available back-up in accordance with clause 11.3.

16.2 To the fullest extent permitted by applicable law, the Supplier shall not be liable for any loss, deletion, corruption, destruction, disclosure, leakage, unauthorised access to, or inability to access Customer Data, regardless of cause.

16.3 The Customer’s sole and exclusive remedy for any issue relating to Customer Data shall be the restoration attempt described in clause 16.1. If restoration is not possible, the Customer shall have no further remedy.

16.4 Without limiting clauses 16.2 and 16.3, the Supplier’s total aggregate liability for all claims relating to Customer Data shall not exceed fifty thousand Norwegian kroner (NOK 50,000) in the aggregate during the entire relationship between the parties.  

‍17. Limitation of Liability
17.1 To the fullest extent permitted by applicable law, the Supplier shall not be liable for any indirect, incidental, special or consequential loss, including but not limited to loss of profit, loss of revenue, loss of business, loss of contracts, loss of goodwill or loss of anticipated savings.

17.2 Except as expressly stated in clause 16 (Customer Data), the Supplier’s total aggregate liability arising out of or in connection with these Terms and Conditions, whether in contract, tort (including negligence) or otherwise, shall not exceed the total Subscription Fees paid by the Customer during the twelve (12) months preceding the event giving rise to the claim.

17.3 Nothing in these Terms and Conditions shall limit or exclude liability to the extent such limitation or exclusion is not permitted under applicable law.  

‍18. Assignment
The Customer may not assign these Terms and Conditions without the Supplier’s prior written consent. The Supplier may assign these Terms and Conditions to an affiliate or in connection with a sale of substantially all of its assets upon notice to the Customer.

19. Force Majeure
Neither party is liable for failure or delay caused by events beyond its reasonable control. Obligations are suspended during the event. If the event lasts more than ninety (90) days, either party may terminate on fifteen (15) days’ notice.  

‍20. Governing Law and Jurisdiction
These Terms and Conditions are governed by Norwegian law. The courts of Oslo (Oslo tingrett) have exclusive jurisdiction over any dispute arising out of or in connection with these Terms and Conditions.  


IHS Ships Data Licence Terms and Conditions

‍If your subscription to the Service includes an IHS Ships Data License you further accept the following terms of service:

1. You and your team are granted a nonexclusive, non-transferable license to use the IHS Ships Data for internal business use and for external use solely for shipbroking purposes and not for any other external purpose, including research. Except as otherwise permitted by IHS, you and your team may not copy, distribute, republish, transfer, sell, license, lease, give, disseminate in any form (including within its original cover), assign (whether directly or indirectly, by operation of law or otherwise), transmit, scan, publish on a network, or otherwise reproduce, disclose or make available to others, store in any retrieval system of any nature, create a database or create derivative works from the IHS Ships Data or any portion thereof. Any information related to a third-party company and/or personal data included in the IHS Ships Data, may be used for the limited purpose of enquiring about the products and services of the companies/organizations listed therein. You and your team must comply with applicable data protection and privacy laws and regulations and hereby agree to indemnify and hold seefleet AS and its third-party data providers harmless against any costs, liabilities, damages arising out of your breach under such data protection and privacy laws and regulations. In particular, you and your team must not use information included in the IHS Ships Data (i) for any unlawful, harmful or offensive purpose; (ii) as a source for any kind of marketing or promotion activity; or (iii) for the purposes of compiling, confirming or amending your own database, directory or mailing list.

2. You and your team may not permanently retain the IHS Ships Data, including: (a) in any file or on any hard drive, server or other form of memory; or (b) in any printed form. You and your team represent and warrant that - upon any expiration or termination of the IHS Ships Data subscription – you and your team will immediately: (x) discontinue all use of the IHS Ships Data; (y) destroy any items relating to the IHS Ships Data, and purge any IHS Ships Data from all electronic media; and (z) upon request from seefleet AS provide written certification to seefleet AS that you and your team have complied with this paragraph.

3. You and your team must not remove any proprietary legends or markings, including copyright notices, on the IHS Ships Data. You and your team acknowledge that all data, material and information contained in the Service are and will remain the copyright property and confidential information of seefleet AS or its third-party provider(s) and are protected and that no rights in any of such data, material and information are transferred to you or your Team. You and your Team will take any and all actions that may reasonably be required by seefleet AS or its third-party data providers to protect such proprietary rights as owned by IHS, seefleet AS or either of their third party provider(s).

4. The IHS Ships Data is provided “AS IS” and “AS AVAILABLE”. Neither seefleet AS nor its third- party data providers warrant the completeness or accuracy of the data, material, third party advertisements or information as contained in the Product or that it will satisfy your team’s requirements. seefleet AS and its third-party data providers disclaim all other express or implied warranties, conditions and other terms, whether statutory, arising from course of dealing, or otherwise, including without limitation terms as to quality, merchantability, fitness for a particular purpose and non-infringement. To the extent permitted by law, seefleet AS and its third-party data providers shall not be liable for any errors or omissions or any loss, damage or expense incurred by reliance on information, third party advertisements or any statement contained in the IHS Ships Data. You and your team assume all risk in using the results of the Service.

5. The IHS Ships Data License Terms and Conditions will be construed under the laws of England and Wales and any dispute or claim arising out of or in connection thereto shall be subject to the exclusive jurisdiction of the English Courts. You and your team agree to comply with all US Export laws and regulations and hold seefleet AS and its third-party data providers harmless for its failure to properly do so. You and your team will comply with all applicable country laws and regulations relating to anti-corruption and anti-bribery.

6. Seefleet AS is subject to these terms and conditions only, to the exclusion of any other terms which would otherwise be implied by trade, custom, practice or course of dealing. Nothing contained in any of your or your team´s issued purchase order, your or your team’s acknowledgement, your or your team’s user’s terms and conditions or invoice will in any way modify or add any additional terms to these terms and conditions. seefleet AS reserves the right to amend these terms and conditions from time to time.
 
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