1. General

1.1 Parties

These Terms and Conditions ("Terms") govern the purchase of sailing courses offered by Oslo Seilakademi, a trading name operated by Triceps AS, a limited liability company incorporated under Norwegian law with organisation number 995 818 000 and registered address Jotunveien 2A, 1185 Oslo, Norway ("OSA", "we", "us"). The person purchasing or registering for a course is referred to as the "Participant".

1.2 Acceptance

By completing a booking and submitting payment, the Participant confirms that they have read, understood, and agree to be bound by these Terms. These Terms form a binding contract between the Participant and Triceps AS from the moment a booking confirmation is issued by OSA.

1.3 Booking Confirmation

A booking is only confirmed upon receipt of a written confirmation from OSA, typically by email, following successful payment. OSA reserves the right to decline any booking at its sole discretion — including where, in OSA's reasonable assessment, the Participant does not meet the eligibility or experience requirements for the requested course. Any payment made in respect of a declined booking will be refunded in full.

2. Eligibility and Health

2.1 Minimum Age

Participation in any OSA course requires that the Participant is:

• aged 18 years or over at the time the course commences; or

• aged 16 or 17, provided that a parent or legal guardian is physically present on board throughout the duration of the course and countersigns all required documentation on the Participant's behalf.

OSA reserves the right to request proof of age prior to or at the start of a course.

2.2 Medical Disclosure

Participants are solely responsible for ensuring they are in a suitable physical condition to participate in a sailing course. Prior to the commencement of any course, each Participant must disclose to OSA any medical condition, disability, allergy, or physical limitation that could affect their safety or the safety of others on board.

OSA does not provide medical advice and is not responsible for any adverse outcomes arising from an undisclosed condition. OSA reserves the right to exclude from participation any individual whose condition, in OSA's reasonable judgement, poses a risk to themselves or others.

2.3 Waiver

All Participants are required to sign a liability waiver on board the vessel before the course commences. Participation is conditional upon signing the waiver. A refusal to sign the waiver on the day of the course does not entitle the Participant to a refund beyond what would otherwise apply under the cancellation policy in Section 6.

3. Course Descriptions and Specific Conditions

3.1 Beginner Course

The Beginner Course is OSA's introductory sailing course and is open to all eligible Participants without prior sailing experience. No prerequisite qualifications are required.

The Beginner Course is subject to a minimum enrolment of three (3) Participants. If the minimum enrolment is not reached by the scheduled course start date, OSA reserves the right to cancel the course. In the event of such cancellation, Participants will receive a full refund of all amounts paid to OSA. OSA will provide as much advance notice as reasonably practicable.

3.2 Regatta Course

The Regatta Course involves participation in one or more of the following open regattas: Færderen, Hollenderen, and Skagen Race (the "Regattas"). The following conditions apply:

• Prerequisite experience: Participation requires either a completed OSA Beginner Course or equivalent demonstrated sailing experience. Equivalent experience is subject to approval by OSA's instructors in advance of booking confirmation. OSA's assessment is final.

• Minimum enrolment: The course requires a minimum of four (4) Participants. If this threshold is not met, Section 3.2(d) applies.

• Regatta entry requirements: Each Regatta is governed by its own entry rules and eligibility requirements. Participants are responsible for satisfying all applicable regatta-specific requirements independently of OSA's course conditions. OSA does not warrant that any individual Participant will meet a given regatta's entry criteria.

• Regatta fee: OSA will notify Participants of the date by which the regatta entry fee must be paid. Once the regatta fee has been paid by the Participant, the course is non-refundable, except as provided in Section 3.2(e).

• OSA cancellation — instructor availability: If OSA is unable to provide the required instructors for the course, OSA will, at its election and in consultation with affected Participants, either (i) transfer the Participant's regatta entry to a future race in the same calendar year, or (ii) provide a full refund of all amounts paid to OSA. For the avoidance of doubt, the regatta entry fee paid directly to the regatta organiser is governed by the organiser's own terms and is not within OSA's control or responsibility.

• Subject to availability: The Regatta Course is subject to availability in each of the named Regattas. OSA cannot guarantee placement in any specific regatta.

Note: Participants are strongly encouraged to review each regatta’s own entry rules and eligibility requirements before booking. OSA accepts no responsibility for a Participant’s failure to satisfy regatta-specific conditions.

3.3 Tailored Sailing Course

The Tailored Sailing Course is a bespoke course designed in consultation with the Participant or group. The following specific conditions apply:

• Pricing: The Tailored Sailing Course is priced on a case-by-case basis. No fixed price list applies. A price will be agreed in writing between OSA and the Participant prior to booking confirmation. OSA is under no obligation to match prices offered for any other course or to any other customer.

• No guaranteed learning outcome: Because each Tailored Course is unique and adapted to the needs and ability of the participants, OSA does not and cannot guarantee any specific learning outcome, skill acquisition, or qualification upon completion.

• Cancellation: Due to the bespoke scheduling and preparation required, the standard 50% refund window described in Section 6.2(b) does not apply to Tailored Sailing Courses. Free cancellation is available up to four (4) weeks before the course start date. No refund is available for cancellations made within four weeks of the course start date. This reflects the fact that OSA will have committed instructor time and resources specifically to the Participant's course.

3.4 ICC (International Certificate of Competence) Checkout

OSA may refer Participants to a third-party provider offering the International Certificate of Competence (ICC) assessment. The following applies:

• Third-party service: The ICC Checkout is administered and delivered entirely by an independent third party. OSA is not a party to the contract between the Participant and the third-party provider.

• No financial intermediary: No payment for the ICC Checkout passes through Triceps AS or Oslo Seilakademi. All payments are made directly between the Participant and the third-party provider.

• No OSA liability: OSA accepts no responsibility or liability for the conduct, quality, outcome, or any act or omission of the third-party provider. Participants undertake the ICC Checkout entirely at their own risk and subject to the third party's own terms and conditions.

• Referral only: Any referral by OSA to a third-party ICC provider is made in good faith as a convenience to Participants and does not constitute an endorsement or warranty of the third party's services.

4. Payment

4.1 Payment Terms

Full payment is required at the time of booking, unless otherwise agreed in writing with OSA. A booking is not confirmed until payment has been received and processed.

4.2 Accepted Payment Methods

OSA accepts payment via the following methods, processed through Stripe:

• Debit card

• Credit card

• Apple Pay

• Google Pay

• Klarna

Where a Participant uses Klarna or any other buy-now-pay-later service, OSA's obligation to hold a place on the course is triggered only upon confirmed receipt of payment from the payment processor. Any deferred payment arrangement is exclusively between the Participant and the relevant payment provider and does not affect OSA's payment terms.

4.3 Currency and Taxes

All prices are stated in Norwegian Kroner (NOK) and include applicable VAT unless otherwise stated. OSA reserves the right to correct any pricing errors.

5. Minimum Enrollment

As set out in Section 3, certain courses are subject to minimum participant numbers:

–      Beginner Course: minimum 3 Participants.

–      Regatta Course: minimum 4 Participants.

OSA will make reasonable efforts to notify affected Participants as early as possible if a course is at risk of cancellation due to insufficient enrolment. Where OSA cancels a course under this provision, Participants will receive a full refund of all amounts paid to OSA. OSA shall have no further liability to Participants in such circumstances.

6. Cancellation and Refund Policy

6.1 Cancellation by the Participant

Participants may cancel their booking by contacting OSA in writing. The following refund terms apply, calculated from the date OSA receives written notice of cancellation to the scheduled course start date: