Fire damaged Machine- VK International


Specification

Item Id 939
Category Fire damaged Machine- VK International
Manufacture name .
Model name .
Model number .
Production date 13-Sep-2023
Location Sewah, Panipat, Haryana
Market Maker sidharth.nigam@salvagemanagers.com
Sound Invoice Value Rs. 2,00,000.00 / LOT
Quantity 1 LOT
Sound Invoice Lot Value Rs. 2,00,000.00
Reserve Price Rs. 1,25,000.00 / LOT
Reserve Price Lot Value Rs. 1,25,000.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / LOT
Incremental Bid / LOT
Next Minimum Bid / LOT
Expired

Details

Fire affected Machine
Informed Qty- 1500 Kgs
TERM & CONDITIONS FOR EAUCTION

Three separate eAuction will be conducted for three separate materials. Buyers can participate in any auction as per their convenience.

Basis of sale: The sale of offered goods is on MT & Lumsum basis exclusive of applicable GST

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

The materials offered are damaged goods under insurance claim hence being offered for sale on “As is Where is”, “Whatever there is” and “No complaint” basis. No complaints whatsoever will be entertained after the bid is made. The bidder is deemed to have inspected, examined reasonably and satisfied himself as to all matters regarding condition, type, quality, and quantity. Rule of “Caveat Emptor” applies strictly.

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

eAuction Participation charges are Rs. 500 + GST @18%

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

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