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Auction Buyers Terms & Conditions

Please read the following carefully as a sale at auction is not a consumer sale under the Sale of Goods act.

All other conditions as may be lawfully excluded are hereby excluded.

(1)Inspection, Description & Auctioneer’s responsibilities.

The Auctioneers have relied upon descriptions furnished by Vendors in the preparation of this catalogue. The Auctioneers are not therefore responsible for the descriptions of lots shown in this catalogue, nor does this catalogue form a part of the contract of sale.

Potential buyers are invited to inspect the goods on sale to their satisfaction prior to bidding for any item.

The Auctioneers act as agents only and cannot be held responsible for any default by Purchaser or Vendor.

The Auctioneers, while using their best efforts to describe equipment in this catalogue accurately and to publish any alteration or amendment to the description of a lot on their catalogue supplement accept no liability in the event that an item is misdescribed in the catalogue as a consequence of the vendor supplying incorrect information or otherwise.

(2)Warranty

No warranty is given or implied on any of the lots offered in this catalogue. All lots are sold with all faults and errors of description and neither the vendor nor the Auctioneer are responsible for the authentically, provenance attribution of ownership, date, age, condition or quality of any lot. All statements in the catalogue as to any such matters are statements of opinion and not to be relied upon as statements or representation of fact. Intending purchasers must satisfy themselves by inspection or otherwise to all such matters and to the physical description of any lot. Total Business Care (TBC UK) Ltd will accept no claims for loss or damage thereafter. No compensation shall be paid.

(3)Care of Goods:

While the auctioneers will exercise every reasonable care in the supervision, transport & storage of goods, goods are held at the responsibility & risk of the vendor until the fall of the hammer, and are the responsibility & risk of the purchaser from the fall of the hammer. Buyers who are unable to clear their purchases from the sale site on the day of the sale are advised to make their own insurance arrangements in respect of goods bought at the auction.

(4)Bidder Registration

Bids will only be accepted from bidders who have obtained approval from the Auctioneers.

(5) Buyers Premium

A buyers premium of 15% + VAT will be charged on all lots. The seller can place a reserve on any lot and the auctioneer shall have the right to bid on behalf of the seller.

(6) Conduct of Sale

Normal auction procedures will be followed. The highest bidder will be the purchaser.

Bidding will proceed in such increments as the auctioneer dictates. The Auctioneers reserve the right to bid on behalf of persons absent from the sale room.

The highest bidder shall be the purchaser and no person shall retract bidding. The vendors reserve the right to bid.

All buyers are deemed to have read, understood and accepted our terms and conditions as confirmed in the catalog. All buyers’ accounts are to be settled within 48 hours.

The purchaser shall give their name and address and contact details.

No bidder shall advance less than a sum to be named by the auctioneer, and he has the right to refuse any bid.

The auctioneer reserves the right to refuse any bidding or to withdraw any lots from the sale.

(7)Clearance of Purchases

The premises will remain open for clearance of purchases for 7 days after the close of bidding. Buyers may settle their accounts and remove their purchases at any time during the course of the auction, but this facility is offered at the discretion of the auctioneers, and goods must be removed in such a fashion as not to disrupt the progress of the business.

(8)International Buyers

All International buyers or buyers intending to export goods bought at auction must pay the VAT upfront until such point that we receive sufficient documentation to prove that the goods has left the UK within the regulations set by HM Revenue & Customs. Please note that VAT on the buyers premium will not be refunded only on the hammer price. No VAT refund will be made until we confirm that the documents provided have been approved by HM Revenue & Customs as sufficient evidence (for more information on documents required please visit the HM Revenue & Customs website).

(9)Collection of goods

Goods which are not collected on sale day will be removed to the auctioneer’s storage facilities.

All lots must be taken and cleared away at the purchaser’s expense between the hours of 9:30 am – 5:00 pm Monday-Friday within 7 days of the end of the auction

Upon failure to comply with the above conditions, or any of the purchasers neglecting or refusing to clear away his or her lot(s) within the permitted time the lots shall be re-sold by public or private sale and the deficiency (if any) by such second sale, together with all the charges attending the same will be the responsibility of the defaulting buyer. The condition is without prejudice to the right of the auctioneer to enforce the contract made at this sale, without such re-sale if he thinks fit.

Goods purchased at the sale and not cleared within the permitted time, will be charged at the rate of £5.00 per lot per day. Storage for vehicles will be charged at the rate of £25.00 per vehicle per day.

(10)Payment

Buyers Premium

A buyers’ premium of 15%+ VAT will be added to all invoices.

Forms of Payment

The forms of payment currently acceptable are as follows:

Debit Card (In Person ONLY)

Cash or Bankers’ drafts (Please do not post cash).

Bank Transfer (Made to):

Bank: Lloyds TSB

Account Name: Total Business Care (TBC UK) Ltd

Sort Code: 30-91-79

Account Number: 20383668

Cheque goods can only be collected upon confirmation from the bank that funds have cleared.

At the Auctioneer’s discretion a cheque for any amount with the Auctioneers reserving the right to retain the goods for which that cheque represents payment pending clearance.

N.B. Cheques will not be assumed to be cleared until 5 working days after their receipt by the Auctioneers.

Any delay in cheque clearance will render the issuer of that cheque liable for our storage fees and for any bank charges incurred in representation. Any cheques that fail to clear will be charged at the rate of £25 per cheque. All invoices that are not settled within the permitted time will be charged interest of 12.5% per annum from the defaulting date.

No part payments will be accepted. No removal of any lots will be permitted without the settlement of the invoice in full.