Florinus – UAB “Florinus”, legal entity code 303169364, VAT code LT100008109511, registered office address Šeimyniškių g. 24-1, Vilnius, Lithuania, email florinus@florinus.lt. Data about Florinus is collected and stored in the Register of Legal Entities.
Website – the Florinus website available at www.florinus.lt.
Client – a natural or legal person selling precious metal scrap to Florinus under these Terms. A Client is considered only a person who has the legal right, in accordance with applicable laws, to sell precious metal scrap.
Scrap - products and semi-finished products made of precious metals (gold, silver, platinum and palladium) that are unsuitable for use for their intended purpose. Such products include jewelry, damaged ornaments, their parts or other products or semi-finished items without investment status.
Privacy Policy – a document prepared by Florinus describing how the Client’s personal data is processed. The Privacy Policy is available at https://www.florinus.lt/lt/teisine-informacija/privatumo-politika.
Terms – these terms and conditions for purchasing precious metal scrap.
Purchase Act – a written document by which Florinus and the Client conclude and confirm a scrap purchase-sale agreement. This document specifies the final price and other essential details.
Agreement – the scrap purchase agreement concluded between the Client and Florinus, consisting of the Purchase Act and these Terms. Under the Agreement, the Client is considered the seller of the Scrap, and Florinus the buyer.
Party – Florinus or the Client individually.
Parties – Florinus and the Client together.
Precious Metal – gold, silver, platinum, palladium of the fineness specified in Clause 3.1 of the Terms.
2.1. These Terms establish the procedure for purchasing Scrap from the Client, the conditions for price calculation, execution of the Agreement, payment, and dispute resolution.
2.2. The Agreement may only be concluded by a person aged 18 or older. Scrap submitted by minors is not accepted.
2.3. By signing the Purchase Act, the Client confirms agreement with these Terms and acknowledges that they form an integral part of the Agreement. By concluding the Agreement, the Client also confirms that they have ознакомился with the Privacy Policy.
2.4. If the Client does not agree with the Terms, the Agreement cannot be concluded. Partial or conditional acceptance of the Terms is not allowed.
2.5. Florinus has the right to amend or supplement these Terms to ensure service continuity, compliance with legal requirements, or improvement of service quality. The version of the Terms applicable to the Agreement is the one available to the Client at the time of conclusion.
2.6. The current and valid version of the Terms is always available in the Florinus physical store and on the Website.
3.1. Only such precious metal scrap is purchased whose types and fineness are specified on the Florinus website at https://www.florinus.lt/lt/paslaugos/taurieji-metalai-ir-ju-supirkimas
4.1. To conclude the Agreement, the Client must present a valid identity document. Persons representing legal entities must additionally provide a copy of the entity’s incorporation documents and documents confirming the representative’s authority, certified by a notary or other authorized person in accordance with applicable law.
4.2. Florinus applies risk-based customer due diligence measures in accordance with applicable anti-money laundering and counter-terrorist financing regulations and other legal requirements. Accordingly, Florinus has the right to request additional information or documents from the Client.
4.3. Identity and representation documents, as well as other data and documents, may be verified and, to the extent necessary, copied and processed in accordance with the Privacy Policy.
4.4. At Florinus’ request, the Client must complete a “Know Your Customer” form, and Florinus registers the Client in its internal systems in accordance with applicable laws and the Privacy Policy. This procedure is carried out prior to concluding the Agreement.
5.1. The purchase price is calculated after Florinus determines the fineness, before signing the Purchase Act, in accordance with the valid Florinus price list and using the following formulas:
Stage 1 – determination of market price:
Market price (EUR) = Weight of Scrap according to determined fineness (g) × fineness coefficient × (spot/g)
Stage 2 – determination of purchase price:
Purchase price (EUR) = Market price × (1 – Margin)
5.2. The purchase price is indicated excluding VAT. If VAT applies under the law, it is added and indicated in the invoice issued by the Client.
5.3. The price is fixed upon Client confirmation and before signing the Purchase Act. Changes after signing are possible only by written agreement of the Parties.
5.4. Payment method and deadline are specified in the Purchase Act. Cash payments are allowed only within legal limits, i.e., up to EUR 5,000. If cash payment is not possible, Florinus may pay by bank transfer.
5.5. The Purchase Act includes: metal type, fineness, weight, test summary, date/time, employee name, seal number, final price. Photos, if taken, are attached.
5.6. If the Client refuses to conclude the Agreement, the Scrap is returned via a Return Act.
6.1. The price of the Scrap calculated in accordance with the rules set out in Section 5 of these Terms is provided to the Client only as an offer. If the price offered to the Client is not acceptable, the Agreement is not concluded and the Scrap provided by the Client is returned to the Client.
6.2. If the Client agrees to sell the Scrap (or part of it) at the price offered by Florinus, a purchase-sale agreement is concluded by signing the Purchase Act and agreeing to these Terms. The final purchase price is indicated in the Purchase Act. The Agreement is considered concluded from the moment of signing the Purchase Act and agreeing to these Terms.
6.3. The Purchase Act shall include at least the following data: details of the Parties, place and date of conclusion, description of the Scrap, fineness, weight, price, method and term of payment, the seal number applied during Florinus’ inspection of the Scrap, and the signatures of the responsible Florinus employee and the Client.
6.4. The price is fixed in the Purchase Act. Any change to the price after signing is only possible by written agreement of the Parties.
6.5. The Purchase Act is prepared in two copies.
6.6. Florinus has the right to refuse to conclude the Agreement prior to signing the Purchase Act if there are reasonable doubts regarding the origin of the Scrap, its fineness or weight, the identity of the Client, or compliance with these Terms or applicable legal requirements, as well as in cases where the Scrap is dirty, contains embedded (inlaid) stones, crystals or other non-precious metal elements that may affect the accuracy of weight or fineness determination, or where the requested documents or explanations are not provided.
7.1. The Client guarantees that they are the lawful owner of the Scrap or a person authorized to dispose of the Scrap.
7.2. The Client guarantees that they have the right to dispose of the Scrap being sold, that it is not seized, pledged, does not belong to third parties, and has not been obtained by unlawful means.
7.3. The Client agrees to cooperate if law enforcement or other authorities request information regarding the origin of the Scrap or the concluded Agreement.
7.4. The Client undertakes to comply with all other requirements set out in these Terms and applicable legal acts.
7.5. The Client has all other rights established in these Terms, the Privacy Policy and applicable legal acts.
8.1. The Client has the right to:
8.1.1. Receive clear and accurate information about the principles of price calculation and the deductions applied according to fineness.
8.1.2. Refuse to conclude the Agreement and retrieve the Scrap, if it is in the possession of Florinus, prior to signing the Purchase Act, if the Client does not agree with the offered price.
8.1.3. ознакомиться with the current version of these Terms and the Privacy Policy at the point of sale or on the Website.
8.1.4. Submit written complaints and claims to Florinus and receive a response within 14 calendar days, unless a different deadline is established by legal acts.
9.1. The Client undertakes to:
9.1.1. Provide only accurate and complete data.
9.1.2. Immediately report any identified errors during data recording and cooperate in correcting them before signing the Purchase Act.
9.1.3. Comply with the Terms and legal requirements, including the prohibition of providing false information or attempting to dispose of items of doubtful or unlawful origin.
9.1.4. Cooperate with supervisory and law enforcement authorities in accordance with legal requirements and, where applicable, submit mandatory reports or notifications.
10.1. Florinus has the right to:
10.1.1. Suspend or terminate cooperation and refuse to execute a transaction if the Client fails to comply with the Terms or legal acts, if the Client is subject to international sanctions, or if the transaction violates such sanctions.
10.1.2. Require documents confirming the Client’s identity and representation, as well as information on the origin of the Scrap and the basis of its acquisition.
10.1.3. Refuse to conclude the Agreement prior to signing the Purchase Act.
10.1.4. Determine the method of payment. Where payment in cash is not possible (e.g., insufficient funds in the cash register or the transaction exceeds EUR 5,000), payment must be made by bank transfer.
11.1. Florinus undertakes to:
11.1.1. Respect the Client’s privacy and process personal data in accordance with these Terms, the Privacy Policy and applicable legal acts.
11.1.2. Comply with applicable legal acts (including those governing anti-money laundering and counter-terrorist financing, accounting, taxation, and consumer protection) and these Terms.
11.1.3. Provide the Client with the opportunity to observe the weighing and testing of the Scrap.
11.1.4. Formalize the transaction by signing the Purchase Act and provide the Client with a copy thereof as well as a cash receipt.
11.1.5. Cooperate with supervisory and law enforcement authorities in accordance with legal requirements and, where applicable, submit mandatory reports or notifications.
12.1. The Parties shall be liable for violations of these Terms in accordance with applicable legal acts.
12.2. The Parties shall not be liable for partial or complete failure to perform their obligations if they prove that such failure was due to force majeure circumstances. Force majeure circumstances shall be understood and proven in accordance with applicable legal acts. A Party that is unable to perform its obligations due to force majeure circumstances must immediately, but no later than within 5 (five) days from the occurrence or discovery of such circumstances, notify the other Party in writing.
12.3. To the extent not contrary to applicable legal acts, Florinus shall be exempt from any liability where losses arise due to the Client’s failure, despite Florinus’ recommendations and their own obligations, to familiarize themselves with these Terms, the Privacy Policy and other provided information, even though such opportunity was provided to them.
13.1. These Terms shall be governed by the laws of the Republic of Lithuania. Any dispute, disagreement or claim arising between the Parties in connection with these Terms shall be resolved through negotiations. If a mutually acceptable solution cannot be reached, the dispute shall be resolved in accordance with the legal procedures of the Republic of Lithuania. A Client who is a consumer (as defined by applicable legal acts) also has the right to resolve disputes by applying to the State Consumer Rights Protection Authority of the Republic of Lithuania (A. Goštauto g. 12, 01108 Vilnius, Republic of Lithuania, email: tarnyba@vvtat.lt, phone: +370 5 2626760, website: www.vvtat.lrv.lt) or its territorial divisions.
13.2. If any provision of these Terms is deemed invalid under applicable legal acts, the remaining provisions shall remain in force, except where the invalid provision essentially renders the implementation of the remaining provisions impossible. If any provision of these Terms or part thereof becomes invalid or non-binding on the Parties, the Parties shall in good faith negotiate and replace it with a provision that most closely reflects the original intent of the Parties.
