2016 AJS JSM 50cc RRP £2000, 2 STROKE ELECTRIC START LEARNER LEGAL MOTORBIKE, ONLY 63 MILES FROM NEW

All of the equipment is in the ownership of the vendor. Asset Auctioneers Ltd therefore do not take any title to the equipment and is acting as a third party agent only.

Before you do anything else, please take some time and care to read through the following TERMS & CONDITIONS and make sure you understand all of the points made and raised.

TERMS & CONDITIONS MAINLY EFFECTING THE BUYER

Registration

If you are intending to buy in this auction, you will need to register. If you are bidding through the internet and a new user to i-bidder, you will need to register with i-bidder for the first time. If you are an existing i-bidder user, you will need to register for this auction specific. Remember, that by clicking the box “I have read and understand the terms and conditions of this sale” during the registration process, you are adhering to those terms and conditions. At this point we will assume that you have read and understood the terms and conditions.

The Auctioneers have absolute discretion without giving any reason to refuse admission to any person.

Pre-Sale Viewing

A pre-auction viewing is recommended. You can inspect all of these machines from the auction site/s by contacting us for details.

None competent operators are prohibited to test any items of equipment in this sale.

If you require any assistance with the starting of machines or have any queries regarding a lotted item, please ask a member of our auction team before the item is sold and not afterwards.

The plugging in of electrical items directly in to the mains power to test is strictly prohibited. Never test an item of larger machinery on your own. Make sure that the area around the machine is clear and always seek a second person to act as a spotter.

Any inspections and/or testing are done so completely at your own risk. If you cause any injury or damage whatsoever to another person, property or yourself during testing, you will be held liable.

Warranties & Guarantees

There are no warranties or guarantees given or implied on any items in this auction neither by the auctioneers, the catalogue, forms nor by the vendor. Once you have won the lot, you are committed to pay for that lot in full. The descriptions, specifications and forms are given as an observation only. Descriptions, specifications and forms do not imply any form of guarantee or warranty. All items are sold with all of their faults, incompleteness and imperfections. If you have not inspected the equipment, assume that it does not run, it is in an unsafe state and unfit for immediate use or beyond repair.

This is a trade only auction, by clicking the box to accept our terms and conditions you are also confirming that you are a trader and not a consumer. The Consumer Act 1979 (as amended does not apply to this auction).

General

The highest bidder shall be the Buyer. Any dispute as to any bid shall be settled at the Auctioneers` absolute discretion. In particular the Auctioneers may: -

a) determine the amount of advance at each bid

b) refuse any bid

c) withdraw any Lot from the auction

d) put up any Lot for auction again

Responsibility of the Buyer

The winning bidder enters in to a contract with Asset Auctioneers Ltd to pay for the item/s from the point of purchase.

All items become the responsibility of the buyer on the `fall of the hammer` (at the point of purchase). We recommend that the buyer make any required insurance arrangements straight away. Lots are at the Seller`s risk up to the time of sale and the Buyer`s risk after that. If Lots are demonstrated to prospective Buyers this is done at the Seller`s risk. The Auctioneers accept no responsibility for loss or damage no matter how it arises. Title does not pass to the buyer until the item has been sold.

The Buyer of any lot is responsible for complying with all legal requirements as to the construction and use of that Lot and for obtaining all Authorisations necessary before the Lot can be used. It is a condition of sale that any necessary work is carried out (and in particular that any motor vehicles are made roadworthy) before the Lot is used.

Buyers Premium

There is a buyer’s premium of 15% + VAT on all items unless otherwise stated.

Payments

Without exception, all items must be paid for in full within 24hrs following the auction day.

(i) Direct bank transfer

(We will not accept any payments of cash paid directly in to our account, or remote card payments made over the telephone).

In all cases, monies must be cleared before items can be removed.

There is no transferring of items between buyers. You pay for what you buy.

None EC exporters must pay the full amount including the VAT until such a valid original bill of laden is produced as proof that the items have been exported. EC exporters are required to produce a fully validated country of origin VAT number and CMR document.

Removal

All items must be removed from the site within 5 working days.

Storage charges will apply to all items not removed from the auction site after 5 working days. They are charged at £50 per item per week. 

General

The auctioneer reserves the right to settle any dispute as he or she sees fit. The auctioneer’s decision is final.

Health & Safety

No children allowed under the age of 16 on the auction site/s.

We ask you to be safety conscious at all times particularly while inspecting items of machinery for sale. Tampering with machinery and theft of items will not be tolerated and anyone who is caught doing so will be asked to leave. Any evidence will be passed forward to the relevant authorities for the purpose of prosecution.

TERMS & CONDITIONS MAINLY EFFECTING THE SELLER

The Auctioneers reserve the right to refuse to accept for sale any Lot.

The Auctioneers shall be entitled to a commission on the price at which the Lot is sold in accordance with their published scale of charges. Payment shall be made at the time of sale. The Seller authorises the Auctioneers to deduct commission from the sale price. In addition the Auctioneers reserve the right to charge a commission to the Buyer on the purchase price in accordance with their published scale of charges. If any Lot is entered for sale and is sold by the Seller to any person attending the sale that sale shall be deemed to have been effected by the Auctioneers as Agents for the Seller and full commission will be payable. The Seller shall at his own expense take away all unsold Lots not later than 5 p.m. on the next working day. In default of this storage will be charged in accordance with the Auctioneers` Standard Scale of Charges.

No Lot will be accepted for sale unless the appropriate Entry Form has been fully completed. The particulars given on the Entry Form and the description of the Lot contained in it, form the basis of the Contract between the Seller and the Auctioneers and the Auctioneers shall not be liable to account to the Seller for any loss which may arise through the use of such particulars or description in any sale. At the request of the Seller the Auctioneers may complete and sign the Entry Form on the Seller`s behalf. The Auctioneers accept no liability to either Seller or Buyer for any loss which may arise as a result.

If a Reserve Price is not stated in the appropriate place on the Entry Form the Lot will be sold without Reserve. Notwithstanding any indication to the contrary on the Entry Form (e.g. "NETT", "CLEAR") the Auctioneer has authority to sell at the price stated on the Entry Form.

Where any Lot is found to be subject to a hire purchase, leasing or similar agreement the Auctioneers reserve the right to discharge the existing liability and to remit the balance, if any, to the Seller.

The Auctioneers may, at their discretion, make enquiries as to the title to any Lot. They shall not be under any duty to either Seller or Buyer to make such enquiries or to disclose to any person the result of any enquiries.

Definitions

a) "Seller" includes the owner of the Lot and any other person offering the lot to the Auctioneers for sale whether authorised by the owner or not.

b) "Buyer" includes the highest bidder, the person to whom a Lot is sold by private treaty, the person declared by the Auctioneers as being the Buyer and the principal of any of the above if they are acting as agents.

c) "Sale" includes a sale by private treaty.

d) "Lot" includes all Lots entered for sale whether by public auction or by private treaty.

e) The expressions "Seller", "Buyer", and "Auctioneers" include where appropriate their employees and agents.

Asset Auctioneers Ltd

January 2017