Jute Yarn -7500 Kg & Gunny Cloths -16900 kg

Specification

Item Id	652
Category	Jute Yarn -7500 Kg & Gunny Cloths -16900 kg
Manufacture name	M/s.Toshamiya Jute Company Pvt Ltd,
Model name	Jute Yarn -7500 Kg & Gunny Cloths -16900 kg
Model number	2020
Production date	23-Jun-2020
Location	Suryapur, , West Bengal
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 15,00,000.00 / LOT
Quantity	1 LOT
Sound Invoice Lot Value	Rs. 15,00,000.00
Reserve Price	Rs. 1,50,000.00 / LOT
Reserve Price Lot Value	Rs. 1,50,000.00

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 & Qty

1. Jute Yarn - 7,500 Kg

2. Gunny Cloths – 16,900 Kg.

Disposal of the
above material is being sold on ‘As Is
Where Is’, ‘Whatever There Is’ and ‘No Complaint’ basis subject to the
following condition:-

THE RATE FOR PURCHASE OF OFFERED GOODS IS TO BE SUBMITTED ON
“BASIC AMOUNT BASIS ONLY ’’. GST will be charged extra.

1.
The sale of offered goods is Per Lot basis exclusive of applicable taxes

2.
There may be a variation of +10% or -10% on the
declared quantity as mentioned. NO refund or extra payment will be made for the
same.

3.
The
Purchaser (H1/H2) should remit 100% advance payment within 3-5 working days of
receipt of bank details/allotment order, from the insured/seller/auctioneer, failing which their EMD will be
forfeited.

4.
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 10
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.

a)
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.

b)
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.

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

d)
Since EMD is held by auctioneer. They are responsible for
the return release as well. Surveyor, Insurer or Insured has no role of EMD forfeiting/retention
for H3 & below. EMD of H1 & H2 is at seller’s description.

1.
DYNAMIC TIME: The eAuction
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
can be placed by 50% of incremental bid value.

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