Website terms of use

This is a courtesy translation. The Russian version of this document prevails.

1. General provisions

These terms govern the use of the VEDmost website: all its pages, calculators and forms.

VEDmost is an international settlements broker for companies and sole proprietors. For each payment we select an agent from our pool and a route, prepare the documents and support execution. VEDmost is not a bank and does not open accounts.

By using the website, you accept these terms. If you do not agree with them, do not use the website.

2. Information on the website is not an offer

The terms of each deal are fixed in the agency agreement and the payment order.

The texts, rates, examples and calculations on the website are for information only. Under Clause 1, Article 437 of the Civil Code of the Russian Federation, they are an invitation to make offers, not an offer to enter into a contract.

Payment terms are fixed before your roubles are debited: the execution period in the agency agreement with an agent from our pool, the exchange rate and fee in the payment order for each payment. Obligations arise only from these documents once they are signed.

If information on the website differs from the agency agreement or the payment order, the agency agreement and the payment order prevail.

3. Rates, calculators and rate comparison

Rates on the website marked “from” are minimum fees. They are not an offer to execute a payment at that rate. The final cost depends on the country, amount, currency, beneficiary's bank and route.

The calculators show an indicative calculation based on the data entered. The result does not lock in an exchange rate or fix any terms.

Exchange rates and agents' terms change. The website does not promise a specific rate or a fixed exchange rate.

Comparison with your current rate is carried out under separate comparison rules. If there are no lower terms in the pool, we say so plainly. Final terms are fixed only in the agency agreement and the payment order.

4. Who the website is intended for

The services described on the website are intended for companies and sole proprietors. VEDmost does not work with private individuals as clients.

VEDmost may decline to select a route if a payment is contrary to law or no route can be built for it. We inform you of a refusal before any money is transferred.

5. The website is not a substitute for advice

The articles, glossary, answers to questions and other website materials describe general rules and practice. They are not tax, legal or accounting advice, nor advice on currency control.

Legislation and bank requirements change, and the materials may lag behind them. Make decisions on your deal taking into account your contract, your documents and the opinion of your advisors.

We review questions about a specific payment after you submit a request. Arrangements for that payment are fixed in the deal documents.

6. Requests and accuracy of data

• By submitting a request, you confirm that you are entitled to act on behalf of the company or sole proprietor named in the request.
• You are responsible for the accuracy and completeness of the data in the request and in the attached documents. The calculation depends on them: incorrect data may lead to incorrect terms or to a refusal.
• Attach only documents that you are entitled to share. Information not needed for the calculation (account numbers, signatures, personal details) may be redacted.
• A request does not oblige you to sign an agency agreement or VEDmost to take on the payment. A reply to a request is not an offer either.
• Personal data from requests are processed under the Personal data processing policy and on the basis of the consent to processing.

7. What is prohibited

• submitting requests in someone else's name or with knowingly false data;
• sending advertising, spam or files containing malicious code through the forms;
• mass downloading of website materials using software, and creating a load that interferes with the website's operation;
• attempting to access restricted parts of the website or other users' data;
• using the website for actions that violate the law.

8. Intellectual property

The texts, diagrams, calculators, design, logo and software code of the website are protected under Part Four of the Civil Code of the Russian Federation. The rights to them belong to VEDmost or are used by it on a lawful basis.

Website materials may not be copied, adapted or distributed without VEDmost's written permission.

Materials may be quoted for information purposes to the extent justified by the purpose of quotation, with the source stated and a link to the page (Article 1274 of the Civil Code of the Russian Federation).

9. Links to other websites

The website may contain links to third-party websites, for example to texts of laws. VEDmost is not responsible for the content of those websites or for how they process data.

10. Liability and website operation

We make every effort to keep the information on the website accurate and up to date, but we do not warrant that it is complete or reflects the latest changes in legislation and agents' terms.

VEDmost is not responsible for decisions made solely on the basis of the website materials, without an agency agreement and payment order for the deal. Liability for a deal is determined by the agency agreement and the payment order.

The website may be temporarily unavailable due to maintenance, failures or the actions of third parties. We restore its operation within a reasonable time.

11. Changes to these terms

VEDmost may change these terms. The new version takes effect when it is published on this page. The date of the version is shown at the top of the page. By continuing to use the website after the changes, you accept the new version.

12. Governing law and disputes

These terms are governed by the law of the Russian Federation. We resolve disputes through negotiation. If no agreement can be reached, the dispute is heard by a court in accordance with the jurisdiction rules established by the legislation of the Russian Federation.

13. Website owner and contacts

Website owner: VEDmost.

• Email: info@vedmost.ru.

All contact details and the contact form are on the Contact page.