Coverage: ASEAN, Asia Pacific, North America, EU Region, United Kingdom
The following Terms of Service shall apply to your use of ShuttleOne’s decentralized applications, the ShuttleOne.Network and any other such products that Shuttle One PTE LTD will create and own in the future.
ShuttleOne is defined as the company Shuttle One Pte Ltd (UEN: 201905436Z) incorporated in the Republic of Singapore.
Please read through this document carefully to understand how our account and our services work.
If you do not agree to these Terms, do not sign up for or use our services. Users in certain regions may have different Terms applicable to them.
MONETARY AUTHORITY OF SINGAPORE (MAS) RISK WARNING ON DIGITAL PAYMENT TOKEN SERVICES
The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of a digital payment token (DPT) service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
Your DPT service provider is exempted by MAS from holding a license to provide DPT services. Please note that you may not be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider's business fails.
You should not transact in the DPT if you are not familiar with this DPT.
Transacting in DPTs may not be suitable for you if you are not familiar with the technology that DPT services are provided.
You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
1. ACCEPTANCE OF TERMS
1.1. ShuttleOne designed, engineered and owns the ShuttleOne.Network which facilitates payments, remittance and lending services.
1.2. Your use of the ShuttleOne.Network is subjected to these Terms of Service. By engaging the ShuttleOne.Network and utilizing for the use cases of its products,you are deemed to have accepted and agreed to be bound by these Terms of Service.
1.3. We may make changes to these Terms of Service from time to time, and we may
notify you of such changes by any reasonable means. Which includes updating these terms at a reasonable timing that may or may not be informed directly to you the user.
1.4. Your continued use of the ShuttleOne.Network will deem that you have accepted and agree to such changes.
2.1. You declare that you are either more than 18 years of age, a legal representative of the organization that you are employed under, or a beneficiary within your organization.
2.2. You declare that you have obtain necessary authorization and are fully able and competent to enter into terms, conditions, obligations, affirmations, representations and warranties set forth in these Terms of Service and are in the knowledge to abide and comply with these Terms of Service.
3. KYC/AML Verification
3.1. You understand and accept that you and your companies’ profiles are subjected to screening and monitoring in regard to the activities that you will interact with in the ShuttleOne.Network
3.2. ShuttleOne reserves the right to bar and prohibit any characters, organization and businesses from engaging the ShuttleOne.Network should KYC/AML verification not meet our compliance standards.
4.1. Your permission to use the ShuttleOne.Network is unique to you as representative of your organization to the benefit of your organization.
4.2. You are engaging the ShuttleOne.Network not in your personal capacity (i.e
benefiting you individually) but as an authorized representative of your
4.3. You agree that you will not engage the ShuttleOne.Network:
4.3.1. For any corrupt, fraudulent or unlawful purpose;
4.3.2. To defame, abuse, harass, stalk, threaten or otherwise violate the legal rights
of others including but not withstanding the privacy of others;
4.3.3. To interfere, corrupt or disrupt the operations of ShuttleOne and the
ShuttleOne.Network and cause service disruption
4.3.4. Penetrate the servers or introduce any virus, malware, worm or other
computer codes that may disrupt service uptime of the ShuttleOne.Network and its proprietary products that are owned, or integrated in the ShuttleOne.Network
4.3.5. Modify, re-engineer, reproduce, duplication, copy or sell for any commercial purposes, any portion, use of and access to the ShuttleOne.Network
4.3.6. Create a database systematically by modifying, crawling and storing information from the ShuttleOne.Network
5. Intellectual Property
5.1. The intellectual property, text, pictures, interfaces, trademarks, logos, applications, program, computer codes and other content that maybe available are owned by ShuttleOne and/or our partners.
5.2. You may not reproduce, reprint, or utilize such content without our prior acknowledgment and permission
6. Limitation of Liability
6.1. The products and services of the ShuttleOne.Network is provided on as “as is” basis.
6.2. We make no representation as to the quality, completeness or accuracy of how the content, computer codes and the ShuttleOne.Network that is made available to you the user.
6.3. The foregoing is a comprehensive limitation of liability that applies to all damages of any kind, including
(without limitation) compensatory, direct, indirect or consequential damages, los s of data, income or profit, loss of or damage to property and claims of third parties.
6.4. Notwithstanding the foregoing, nothing in these Terms of Service is intended to exclude or limit any liability that may not by law be excluded or limited, and in particular none of the exclusions and limitations in this clause are intended to limit any rights you may have as a partner, client or consumer under Singapore law or statutory rights which may not be excluded, nor in any way to exclude or limit liability to you for death or personal injury resulting from our negligence or that of our employees or agents.
7. Duration of Terms
7.1. These terms of service are effective until terminated. We may at times, and for any reason terminate our service to you.
7.2. ShuttleOne shall not be liable for any termination of your engagement with the ShuttleOne.Network.
8. Governing Law
8.1. The Terms of Service shall be governed by the laws of the Republic of Singapore.