Export Compliance Statement

Each Customer of Magnetic MRO acquiring products from Magnetic MRO must understand that such products may be subject to export, re-export, or other restrictions under the laws of the country of manufacture, the country of the supplier, and the country in which the Customer resides.

Therefore, the Customer, on behalf of itself, its subsidiaries and affiliates, warrants and agrees to abide by all applicable laws and regulations relating to the export and re-export of such products and the direct products thereof.

With this Statement the Customer certifies the following:

  • The products acquired from Magnetic MRO will not be used directly or indirectly, sold, re-exported or incorporated into products used directly or indirectly, in the design, development, production, stockpiling, or use of chemical or biological weapons, nuclear programs (including activities related to nuclear explosive devices, nuclear reactors, and nuclear fuel-cycle activities), missile (including cruise and ballistic missile systems, space launch vehicles, sounding rockets, target drones, remotely piloted vehicles, and reconnaissance drones), and maritime nuclear propulsion projects except as authorized under applicable laws and regulations relating to the export and / or re-export of these items.
  • The products acquired from Magnetic MRO will not be used directly or indirectly, sold, re-exported or incorporated into products for the use in countries (including, but not limited to North Korea, Sudan, Syria, Iran or Cuba) or of persons and / or organisations (including, but not limited to persons or organizations designated as terrorists, drug traffickers or weapons proliferators) subject to international sanctions or embargoes imposed by, inter alia, the United Nations, the European Union or the United States of America, or to support regional instability and terrorism activities.
  • The products acquired from Magnetic MRO will be used directly or indirectly, sold, re-exported or incorporated into products solely for civil / commercial end use and only by end user agreed by Magnetic MRO in writing.

The Customer confirms its knowledge and understanding of all applicable export regulations, assumes all responsibilities for export compliance and warrants and agrees to indemnify and hold Magnetic MRO harmless against any losses, damages, fees, monetary sanctions or criminal punishment imposed as a result of failure to comply with any applicable export control laws or regulations.