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Agreement
Regulations
Regulation On independent valuation of a certificate (document) confirming membership in the system of club holiday (timeshare)
Agreement
Regulations
Regulation On independent valuation of a certificate (document) confirming membership in the system of club holiday (timeshare)
Regulation On independent valuation of a certificate (document) confirming membership in the system of club holiday (timeshare)
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Regulation On independent valuation of a certificate (document) confirming membership in the system of club holiday (timeshare)
18. If materials provided for the valuation are drawn with violations of the Regulation, the chief of the valuation or any person assigned by him (further referred to as the head of the valuation) reports to the valuation client on this fact as soon as possible. If the valuation client does not take any measures to remove the violations the head of the valuation is entitled to return the materials within one month without the valuation. The report of the specialist on impossibility of making the valuation report is attached. The materials may be returned together with providing written notice on incorrectness of the materials if violations cannot be removed without obtaining additional materials.
19. The specialist starts the valuation after he receives the written order of the head of the valuator and the technical task (inquiry) to perform the valuation as well as all received materials.
20. The valuator (specialist) is entitled to:
1) Use independently methods of valuating valuation objects in compliance with XANTO TRADING LLP valuation standards;
2) Require full access to documentation necessary for the valuation from the client when performing obligatory valuating of valuation object;
3) Obtain explanations and additional data required to perform the valuation;
4) Require from third parties orally or in writing the information necessary for evaluating the valuation object except the information constituting state or commercial secret; the valuator mentions in the report the fact that the refusal to provide such information influences authenticity;
5) Attract other valuators or specialists to take part in evaluating the valuation object on the contractual basis when required;
6) Refuse performing valuation of the valuation object if the valuation client has violated the terms of the agreement, has not provided necessary information on the valuation object or not provided working conditions appropriate for the agreement;
7) Report to the head of the valuator on impossibility of making the valuation report if the matters to be investigated are out of the area of his special knowledge;
8) Make a special opinion attached to the valuation report;
9) Require expenses compensation connected with valuation of the valuation object and pecuniary recompense for valuating valuation object under the court, arbitration or arbitral decision.
1) Use independently methods of valuating valuation objects in compliance with XANTO TRADING LLP valuation standards;
2) Require full access to documentation necessary for the valuation from the client when performing obligatory valuating of valuation object;
3) Obtain explanations and additional data required to perform the valuation;
4) Require from third parties orally or in writing the information necessary for evaluating the valuation object except the information constituting state or commercial secret; the valuator mentions in the report the fact that the refusal to provide such information influences authenticity;
5) Attract other valuators or specialists to take part in evaluating the valuation object on the contractual basis when required;
6) Refuse performing valuation of the valuation object if the valuation client has violated the terms of the agreement, has not provided necessary information on the valuation object or not provided working conditions appropriate for the agreement;
7) Report to the head of the valuator on impossibility of making the valuation report if the matters to be investigated are out of the area of his special knowledge;
8) Make a special opinion attached to the valuation report;
9) Require expenses compensation connected with valuation of the valuation object and pecuniary recompense for valuating valuation object under the court, arbitration or arbitral decision.
21. The valuator (specialist) has to:
1) Follow the requirements of the Regulation as well as standards and rules of valuation activity confirmed by XANTO TRADING LLP when performing valuation activity;
2) Observe the rules of business and professional ethics established by XANTO TRADING LLP (further referred to as business and professional ethics rules);
3) Report the valuation client on impossibility of participation in the valuation due to the circumstances preventing objective valuation;
4) Provide security of the documents received from the valuation client and third parties during the valuation;
5) Provide valuation client with the information on having a special permission from XANTO TRADING LLP to perform such a valuation activity ;
6) Not to disclosure confidential information received from the valuation client during the valuation;
7) Give explanations if required on the matters concerning prepared report on valuation and actions performed.
1) Follow the requirements of the Regulation as well as standards and rules of valuation activity confirmed by XANTO TRADING LLP when performing valuation activity;
2) Observe the rules of business and professional ethics established by XANTO TRADING LLP (further referred to as business and professional ethics rules);
3) Report the valuation client on impossibility of participation in the valuation due to the circumstances preventing objective valuation;
4) Provide security of the documents received from the valuation client and third parties during the valuation;
5) Provide valuation client with the information on having a special permission from XANTO TRADING LLP to perform such a valuation activity ;
6) Not to disclosure confidential information received from the valuation client during the valuation;
7) Give explanations if required on the matters concerning prepared report on valuation and actions performed.
IV. General requirements to the report on valuating the valuation object
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