Cotton Seed & Hulls (Mundada)


Specification

Item Id 886
Category Cotton Seed & Hulls (Mundada)
Manufacture name ..
Model name ..
Model number ..
Production date 02-May-2023
Location Manjlalegaon, Beed, Maharashtra
Market Maker sidharth.nigam@salvagemanagers.com
Sound Invoice Value Rs. 28,000.00 / MT
Quantity 310 MT
Sound Invoice Lot Value Rs. 86,80,000.00
Reserve Price Rs. 4,000.00 / MT
Reserve Price Lot Value Rs. 12,40,000.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / MT
Incremental Bid / MT
Next Minimum Bid / MT
Expired

Details

Cotton Seed & Hulls 3100 Qtl (310 MT approx)

TERM & CONDITIONS FOR EAUCTION


Basis of sale: The sale of offered goods is on Per MT basis inclusive of applicable GST/ taxes


The sale of offered goods is on MT basisSalvage managers do not take any responsibility for quality & quantity. Buyers are requested to visit the damaged site before participating in eAuction and bid as per their own experience.






 


Loading & Lifting charges will be borne by the salvage buyer only.


eAuction Participation charges Rs. 500 + GST @18% is applicable for single registration whether it’s for a single lot or all the lots.  


Total 4 lot-wise auctions will happen. Buyers can participate in any lot and deposit the lot-wise EMD.


DYNAMIC TIME: The eAuction shall automatically extend by 5 MINUTES in case someone enters a bid in the last one minute of the remaining time in closure of auction. This shall continue indefinitely until no one bids in the last one minute of the time remaining. Bids in dynamic time will be placed by 50% of incremental bid value.

The Auctioneer reserves the right to reject any bid without assigning any reason to the bidder. Auctioneer’s reserves the right to restart the e-Auction at any stage.

After depositing 100% payment, the Purchaser shall start lifting and clear the lot awarded to him from the site within a period of 10 working days

The EMD of highest bidder/H1 will be refunded once the complete payment is received by insured/seller and complete material is lifted by highest bidder/H1 buyer.

EMD of the 2nd highest bidder shall be retained for 10 days from the date of approval of eAuction and may be asked to honor the deal at the second highest bid within the aforesaid period of 3 days.

The Salvage Managers or the associated Loss Adjusters or Underwriters, being only the facilitators for disposal of salvage, have no knowledge about the specific trade requirements and shall bear no responsibility of any kind, in this regard of whatsoever nature.


The website www.salvagemanagers.com is maintained by the external agency at external servers. Any problem while bidding or technological glitches/problems may occur accidentally and such problems will be dealt in order to complete the entire process smoothly. The surveyor’s decision in this regard will be final as they have appointed us to bring transparency in the system by eAuctioning.    



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Documents
Contact Salvage Manager about this items/lot.
Phone :Sidharth Nigam - 9625739880
Email :sidharth.nigam@salvagemanagers.com

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