Car Certification....Is this a joke????

I stumbled onto this on the owners site. I can't believe anyone would accept these terms and conditions, and pay a $500 "entry" fee, and then an additional minimum of $1200-$5000 just to get a piece of paper telling them that, "Yep, it's a real Ferrari." Is it just me or am I missing something?"

JL



Terms and conditions
1. By delivery of the Application and the Enclosed Documents, the Applicant requests Ferrari
SpA, Modena, Italy through Ferrari-Maserati Classiche (hereinafter “Ferrari”) to determine
whether the Car is authentic. The Applicant acknowledges that Ferrari will decide on the
basis of the authenticity criteria established by Ferrari and posted on the www.owners.ferrari.com
web site (hereinafter the “Authenticity Criteria”). The Applicant hereby expressly acknowledges
having read and understood the Authenticity Criteria and that he accepts the same
as well as the terms and conditions hereof pursuant to which the certification procedure will
be conducted.
2. The certification procedure will be carried out in the following manner:
(i) After having received the Application Form with the Enclosed Documents as
well as the Entry Fee (see clause 4 hereunder), Ferrari will perform a preliminary review of
the application. On the basis thereof Ferrari will decide, at its sole discretion, whether to
continue the certification procedure or to disallow the issuance of the certificate of authenticity
since, based upon the documents provided by the Applicant, Ferrari believes that the
Car clearly does not comply with the Authenticity Criteria.
(ii) Should Ferrari decide to pursue the certification procedure it will be entitled,
at its discretion, to ask the Applicant to provide such additional documents and/or information
Ferrari may deem appropriate. Ferrari will also be entitled to free access to the Car and
to submit it, or part thereof, to technical analysis or to Ferrari’s experts or appointed agents.
To that effect Ferrari may, inter alia, require, at the expense of the Applicant, that the Car
be delivered to the authorized Ferrari service centre of Ferrari’s choice or, in absolutely
exceptional circumstances, shipped to Ferrari in Italy, at Applicant’s expense. Should the
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Applicant not comply with Ferrari’s requests, the certification procedure will be deemed to
have been terminated by the Applicant.
(iii) If Ferrari believes that the Car complies with the Authenticity Criteria, it will
release a certificate of authenticity (hereinafter the “Certificate of Authenticity”). The Certificate
of Authenticity may contain qualifications with respect to components (chassis, engine,
etc.) and/or other elements of the Car. In the event the owner of a Car, for which Ferrari
has released a “qualified” Certificate of Authenticity, will, in the meantime, have had carried
out such work as he feels warrants an “unqualified” Certificated of Authenticity, the Applicant
will always be entitled to file a new application. In such event, Ferrari will start a
new certification procedure, whereas the Applicant will have to pay only the actual costs
related to such new procedure.
(iv) If Ferrari believes that the Car fails to comply with the Authenticity Criteria,
Ferrari will inform the Applicant, motivating its decision not to issue a Certificate of Authenticity.
3. Subject only to liability for gross negligence, Ferrari will not be liable towards the Applicant
and/or any third party who may purchase a car or enter into any type of transaction by virtue
of the Certificate of Authenticity. Ferrari does not assume any liability in relation to the
safety of the Car and/or its road suitability under any applicable law or rules. The Applicant,
for himself, his successors and assignees, waives all and any right whatsoever in this respect.
4. The Applicant will bear the costs of the certification procedure. In particular, the Applicant
will pay to Ferrari a non refundable advance in the amount of 500 (five hundred) Euro
plus taxes (if due) for the preliminary review of the application (the “Entry Fee”). Should
Ferrari decide to continue the procedure, the Applicant agrees to pay to Ferrari a retainer for
the costs of the certification procedure, the amount of which will be reasonably determined
and itemized by Ferrari in view of the tests Ferrari intends to carry out, and notified to the
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Applicant. The Applicant is aware of the fact that non-payment of such retainer will be deemed
as termination by the Applicant of the certification procedure. Upon the issuing of the Certificate
of Authenticity, the Owner shall refund Ferrari for any expenses incurred and not
included in the above mentioned down payment, as well as for the administration costs, which
shall be calculated and determined by Ferrari as a lump sum based on the type of vehicle
certified and any difficulties encountered during the certification procedure. The resulting
amount, which shall be communicated to the Owner before starting the certification procedure,
may vary, depending on the vehicle model examined, from a minimum of 1,200 (one
thousand two hundred) Euros plus taxes (if due) for the vehicles manufactured after 1st January
1980 (excluding special series vehicles for which the certification costs shall be determined
from time to time) up to a maximum amount of 5,000 (five thousand) Euros plus taxes (if due)
for the vehicles manufactured up to 31st December 1979.
5. The certification procedure, the present application and any dispute arising therefrom
or in connection therewith, will be governed by Italian law.
6. Any dispute arising out of or in connection with the certification procedure, its outcome
or the present application, will be referred to and finally determined by arbitration in accordance
with the WIPO Expedited Arbitration Rules. The language of the arbitration proceedings
will be English. The place of arbitration will be Geneva. If the parties deem it
appropriate in order to facilitate the proceedings, with the agreement of the Applicant, the
WIPO Arbitration Centre or the arbitrator may direct that all or part of the arbitration be
conducted online or by using other IT tools.