Fire Damaged Knitted Fabric- 11,050 Kg at ludhiyana

Specification

Item Id	628
Category	Fire Damaged Knitted Fabric- 11,050 Kg at ludhiyana
Manufacture name	M/s Arora Knit Fab Pvt Ltd
Model name	Fire Damaged Kitted Fabric- 11,050 Kg
Model number	2020
Production date	09-Sep-2020
Location	Bharat Nagar, Ludhiana, Punjab
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 30,60,000.00 / LOT
Quantity	1 LOT
Sound Invoice Lot Value	Rs. 30,60,000.00
Reserve Price	Rs. 4,00,000.00 / LOT
Reserve Price Lot Value	Rs. 4,00,000.00

Remaining Time

Ongoing Lot Bid	Rs. 0.00
Current Bid	Rs. 0.00 / LOT
Incremental Bid	/ LOT
Next Minimum Bid	/ LOT

Expired

Details

Material Description – Fire Damaged Knitted Fabric

Qty –

Partially damaged Fabric	5,775.00	Kgs
Wet & Heat Up Fabric	600.00	Kgs
Fire Affected Fabric	4,675.00	Kgs
Total	11,050.00	Kgs

Term & Condition
of e-Auction:

Disposal of the above material is being
sold on ‘’As is there, where is basis, No complaint Basis basis subject to the following condition:-

THE RATE FOR PURCHASE OF OFFERED GOODS IS
TO BE SUBMITTED ON “TOTAL
AMOUNT BASIS ONLY ’’ All GST inclusive basis

The sale of offered goods is per Lot basis.

DYNAMIC TIME: The e-Auction shall
automatically extend by 05 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.

The Purchaser (H1/H2) should remit 50%
advance payment within 3 working days of
receipt of bank details/allotment order, from the insured/seller/auctioneer,
failing which their EMD will be forfeited.

After depositing 50% payment, the
Purchaser shall start lifting and Post to 100% payment he shall be allowed to
clear the lot awarded to him from the site within a period of 15 working days from
the date of receipt of delivery order by him, failing which he have to
pay ground rent for
the salvageable quantity a per sellers T&C or minimum of Rs. 2,000/-day or
Rs 1000/-MT for space occupied by salvage material quantity.

In case of unsuccessful bidders, (H3 & Lower)
EMD is refunded immediately after adjusting facilitation fee of Rs. 100+GST but
not later than 7-10 working days from the completion of eAuction process
subject to the terms and conditions mentioned herein and at the website.

EMD of the H2 bidder shall be retained for
10 days from the date of approval of eAuction. If the H1 bidder failed to deposit
payment within 3-5 days his EMD will be forfeited and H2
bidder has to honor the deal at the H2 bid value within the aforesaid period of
3 days. Failing to which his EMD too will be forfeited.

The EMD of H1 will be adjusted once the
complete payment is received by the insured/seller and also complete material is lifted by
the H1 bidder. Also adjustment will be done for fee and expenses.

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 external agencies 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 e-Auctioning.

Contact Salvage Manager about this items/lot.
Phone :	Meenakshi Gupta - 9625137014
Email :	meenakshi@salvagemanagers.com