Sale Terms and Important Information

Bidding ends 25th of Febuary 2013 from 10.00am Delivery Only Auction

TERMS AND CONDITIONS OF SALE

James Auctioneers Ltd

Website:www.jamesauctioneers.co.uk

Email:jack@jamesauctioneers.co.uk

Telephone: 0845 544 2083

VIEWING:

Please contact our Operations manager Jack to arrange a viewing as this strictly by appointment only due to various locations of stock items. please email jack@jamesauctioneers.co.uk to arrange. LOTS ARE HELD IN VARIOUS GEOGRAPHICAL LOCATIONS .

BUYERS PREMIUM:VALUE ADDED TAX (VAT) will be charged at 20% on both the hammer price and the Buyers Premium. Purchasers from overseas should note that the VAT on the Buyers Premium is not recoverable.

The purchaser will pay a buyers premium of 15% [10% vehicle sales] plus VAT 20%, which will be charged on all lots. The premium & Vat is not negotiable and will be paid by all buyers. Vat is also added to the postage charge.

NO OVERSEAS BIDDERS UNLESS APPROVED BY US BEFORE BIDDING.-VAT on Goods Destined for Export:

• All purchasers intending to export their purchases will be initially charged VAT until satisfactory evidence of export is received by James Auctioneers Ltd (the goods must be exported in accordance with regulations under “Indirect Export”). Where satisfactory evidence is not provided, goods will be subject to UK VAT and no VAT refund will be applicable. We are unable to refund the VAT on the buyers premium in any circumstances.

Please ensure all relavant documentation is forwarded to us prior to bidding.

VALUE ADDED TAX:

Purchasers will be charged Value Added Tax on all lots, where applicable, at the current rates

PAYMENT TERMS & Deposits

All purchases are to be paid in full, no later than 10:30 am on the 27th of February 2013 ,

For any lots not settled or a clear instruction has been confirmed with the auctioneer we reserve the right to take either of the following actions:

1. For all lots not paid and removed from James Auctioneers trading locations by the above removal date, a levy of £10 per day per lot will be charged and this will be invoiced to the buyer accordingly.

2. If James auctioneers ltd have had no contact from any succesful highest bidder within the above time frame, we as per bid spotter sign up regulations are within our rights to charge the client the outstanding balance and receipt of this will be sent via email and the lot will be sent via recorded post to credit/debit card address on file with bid spotter UK.

3. Pass your outstanding debt to a debt collection agency for renumeration of any outstanding invoices and the associated fees attched with this process.

Please do not bid if these terms cannot be met.

All queries regarding payment should be directed to: jack@jamesauctioneers.co.uk

Payment can be made by way of bank transfer (must be CHAPS or Faster Payment, which takes 1 day to process, rather than BACS, which takes 3 days) . Please note that we can take credit/debit card payments over the phone for amounts up to and including £150, all amounts above this need to be via bacs/bank transfer only.

There is NO cash on site and all items need to be paid PRIOR to collection via the above methods only.

James auctioneers ltd reserve the right to request from any bidder a deposit before bidding ,deposit payment will be via credit/debit card details as assigned to bidder/buyers registration details and a receipt of this will be sent via email and recorded post to credit/debit card address on file.

Any queries on the payment/Deposit terms please email or call us.

Collections after auction sale:

All Items are delivery only-Postage is calculated at the cheapest possible via our account with UPS and Palletways depending on thye item, There is no collection permitted on this auction.

Only our Postage service is applicable, bidders are not authorised to arrange there own courier/postal service.

Please do not bid if these terms cannot be met.

Deliveries

For all items sent using a courier service, James Auctioneers Ltd are not to be held responsible for any breakages or items lost whilst in transit. It is the responsibility of the purchaser/bidder that any items damaged or lost in transit James auctiuoneers Ltd are not held responsible to make any claims against couriers or delivery via pallet.

Buyers are advised to seek additional insurance beforehand themselves to cover any possible loss.

Postage costs are not negotiable, any questions regarding multiple lot purchase and combined postage costs need to be sent before bidding.

RISK:

The bidder / buyer is at risk once the buyer is notified of his successful purchases and is strongly advised to effect insurance at once, irrespective of whether title has passed.

Title does not pass to the purchaser until payment has been received in full.

Computer Software: Due to the Data Protection Act, all software and data will be removed from computers prior to selling.

Watches & Jewellery items :James Auctioneers Ltd do not guarantee the working order or accuracy of any watches or jewellery sold. prior inspection is encouraged.

CLEARANCE TERMS AND ARRANGEMENTS

All lots must be removed by 4th of February 2013, 4pm. No further access will be available after this time.

The premises will be open from 10:00 to 16:00. Please see specific lots descriptions for clearance arrangements.

For all lots not removed from James Auctioneers trading locations by the above removal date a £10 per day per lot charge will be applied.

PLEASE NOTE: We must remind potential purchasers of the terms and conditions relating to the auction sale and that it is their responsibility to check the suitability or otherwise of lots for the purpose for which they are required. Likewise, parties should satisfy themselves as the functionality and condition of lots. The opportunity to do so is provided on the viewing details as detailed in our terms & conditions and NO allowance or refunds will be made in the event that purchasers subsequently discover that the goods are not suitable for their needs or the functionality/condition is not as expected or anticipated. Potential purchasers who choose not to inspect lots prior to bidding on them do so at their own risk.

The Auctioneer makes every reasonable effort to ensure the accuracy of catalogue descriptions and declare that all statements are made without responsibility and shall not give rise to any action in law for damages.compensation or rescission of a sale by a purchaser.

Electical/ Mechanical goods are sold on the strict understanding that these are without warranty or any assurance as to their serviceability or working order.

For items listed as tested this is to verify power as working only and does not verify full functionality of any lot.

REFUNDS: IN NO CIRCUMSTANCES WILL REFUNDS BE CONSIDERED IF THE GOODS HAVE BEEN REMOVED FROM THE SALE SITE. Any refunds given will only be on items listed as full working order or a new item and would be as a gesture of goodwill rather than acceptance of liability for any faults or defects with lots purchased. We accept no liability for any losses suffered as a consequence of any lots being faulty or defective.

Delivery Terms: Any lots will be sent to the buyers/bidders address as invoiced and the item will be endeavoured to be delivered within 7 working days, any possible extension to this time slot the buyer will be notified accordingly.

All buyers/Bidders are invited to contact us PRIOR to bidding to calculate costs/delivery allocation.

ALL PURCHASE INVOICES WILL BE RAISED USING THE DETAILS PROVIDED AT THE TIME OF REGISTERING TO BID. PLEASE ENSURE THAT YOU REGISTER IN THE NAME OF THE PARTY TO WHOM THE INVOICE IS TO BE ADDRESSED. ANY RE-ADDRESSING OR AMENDING OF INVOICES WILL INCUR AN ADMINISTRATION CHARGE OF £15+VAT.