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Heavy Equipment Lease Agreement

Heavy Equipment Lease Agreement Template for Indonesia

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Key Requirements PROMPT example:

Heavy Equipment Lease Agreement

"I need a Heavy Equipment Lease Agreement under Indonesian law for leasing three excavators to a mining company, with provisions for operator training and maintenance services, starting March 2025."

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Document background
The Heavy Equipment Lease Agreement is essential for businesses in Indonesia requiring temporary or long-term use of industrial machinery and equipment without the capital investment of purchasing. This document is particularly relevant in the context of Indonesia's growing infrastructure and industrial sectors, where equipment leasing is a common business practice. The agreement must comply with Indonesian Civil Code requirements and specific regulations governing heavy equipment operations, including Minister of Trade Regulation No. 74/M-DAG/PER/9/2015 and relevant safety regulations. It typically includes detailed provisions for equipment maintenance, operator requirements, risk allocation, and insurance obligations, while considering local business practices and regulatory requirements. The document is structured to protect both lessor and lessee interests while ensuring operational efficiency and regulatory compliance.
Suggested Sections

1. Parties: Identification of the lessor and lessee, including their legal status, registration numbers, and authorized representatives

2. Background: Context of the lease arrangement, business relationship, and general purpose of the agreement

3. Definitions: Detailed definitions of technical terms, equipment references, and other key terms used throughout the agreement

4. Equipment Description: General description of the leased equipment, referring to detailed specifications in the schedule

5. Lease Term: Duration of the lease, commencement date, and conditions for renewal or extension

6. Rental Payments: Payment terms, amounts, frequency, method of payment, and late payment consequences

7. Delivery and Return: Terms for equipment delivery, acceptance procedures, and return conditions

8. Maintenance and Operations: Responsibilities for maintenance, repairs, and proper operation of the equipment

9. Insurance and Risk: Insurance requirements, risk allocation, and liability provisions

10. Warranties and Representations: Standard warranties regarding equipment condition and parties' authority

11. Default and Termination: Events of default, remedies, and termination procedures

12. Governing Law and Dispute Resolution: Choice of law, jurisdiction, and dispute resolution mechanisms

13. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

Optional Sections

1. Operator Provision: Include when the lessor provides equipment operators along with the equipment

2. Import/Export Provisions: Required when equipment is being imported/exported as part of the lease arrangement

3. Environmental Compliance: Necessary when equipment operation has significant environmental implications

4. Security Deposit: Include when a security deposit is required from the lessee

5. Purchase Option: Include if the lessee has an option to purchase the equipment during or at the end of the lease

6. Multiple Location Use: Required when equipment will be used across different locations

7. Sublease Provisions: Include if sublease of equipment is permitted

8. Foreign Currency Provisions: Include when payments are made in non-Indonesian currency

Suggested Schedules

1. Equipment Specifications: Detailed technical specifications, serial numbers, and condition reports of all equipment

2. Rental Rate Schedule: Detailed breakdown of rental rates, including any variable components or special rates

3. Maintenance Schedule: Required maintenance procedures, schedules, and responsibilities

4. Operating Procedures: Detailed procedures for safe operation of the equipment

5. Insurance Requirements: Specific insurance requirements including types, coverage amounts, and named insureds

6. Site Requirements: Technical requirements for operation sites, including power, access, and safety requirements

7. Operator Qualifications: Required certifications and qualifications for equipment operators

8. Condition Report Form: Template for documenting equipment condition at delivery and return

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Acceptance Certificate
Applicable Laws
Approved Operator
Business Day
Commencement Date
Competent Authority
Default Event
Delivery Location
Deposit
Equipment
Equipment Log
Equipment Specifications
Force Majeure Event
Guaranteed Residual Value
Hours of Operation
Insurance Requirements
Lease Period
Lease Payments
Maintenance Schedule
Operating Instructions
Operating Permits
Operator Certification
Payment Date
Permitted Use
Rental Rate
Return Condition
Safety Requirements
Scheduled Maintenance
Security Interest
Service Records
Site Requirements
Spare Parts
Standard Operating Procedures
Term
Termination Date
Unscheduled Maintenance
Warranty Period
Wear and Tear
Clauses
Equipment Description and Specifications
Lease Term
Rental Payments
Payment Terms
Security Deposit
Delivery and Acceptance
Equipment Use
Maintenance and Repairs
Health and Safety
Insurance
Risk Allocation
Liability
Indemnification
Warranties
Title and Ownership
Operator Requirements
Compliance with Laws
Environmental Protection
Force Majeure
Default
Termination
Return of Equipment
Assignment and Subletting
Confidentiality
Dispute Resolution
Governing Law
Notices
Amendment
Entire Agreement
Severability
Waiver
Representations and Warranties
Taxes and Duties
Site Access and Requirements
Records and Reporting
Relevant Industries

Construction

Mining

Infrastructure Development

Manufacturing

Logistics and Transportation

Oil and Gas

Agriculture

Forestry

Shipping and Port Operations

Waste Management

Industrial Development

Public Works

Relevant Teams

Legal

Operations

Procurement

Risk Management

Project Management

Health and Safety

Compliance

Finance

Technical Operations

Asset Management

Facilities Management

Relevant Roles

Operations Director

Procurement Manager

Fleet Manager

Legal Counsel

Risk Manager

Project Manager

Site Supervisor

Equipment Manager

Maintenance Supervisor

Safety Officer

Compliance Officer

Contract Administrator

Financial Controller

Technical Director

Operations Manager

Industries
Indonesian Civil Code (Kitab Undang-undang Hukum Perdata): The foundational law governing contracts, including lease agreements, contractual obligations, rights and responsibilities of parties, and general principles of contract formation and enforcement
Law No. 25 of 2007 on Investment (Undang-Undang Penanaman Modal): Regulates investment activities in Indonesia, including provisions relevant to capital goods and equipment leasing arrangements
Minister of Trade Regulation No. 74/M-DAG/PER/9/2015: Regulates the import of certain types of heavy equipment and machinery, including registration and licensing requirements
Government Regulation No. 50 of 2012: Covers Occupational Safety and Health Management Systems, essential for heavy equipment operation and safety requirements
Law No. 42 of 2009 on Value Added Tax: Governs VAT implications for lease arrangements of heavy equipment and related services
Minister of Manpower Regulation No. 09 of 2010: Regulates operator certification and competency requirements for heavy equipment operation
Law No. 13 of 2003 on Employment: Relevant for aspects involving equipment operators and technical staff responsibilities
Government Regulation No. 27 of 2012: Environmental Impact Assessment regulations that may apply to heavy equipment operation in certain contexts
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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