Details

 Term & Condition of e-Auction

The above mentioned machine was engaged in the work of
road repairing at above mentioned site. And fallen in appr.100 meter ditch. The
machine is lying in the ditch. Interested parties will have to lift the
excavator from the ditch and lifting charges will be bear by the purchaser. Disposal
of the above material will be on ‘As Is Where Is’, ‘Whatever There Is’ and ‘No
Complaint’ basis. 

 The photos given are only indicative; you are
requested to conduct a physical inspection of materials informed, to get an
actual assessment of the loss. 

THE RATE FOR PURCHASE OF OFFERED GOODS IS TO BE
SUBMITTED ON “TOTAL AMOUNT ONLY” BASIS. The all APPLICABLE DUTIES, TAXES
AND GST included. 

The sale of offered goods is on Lot Basis.

 DYNAMIC TIME: The e-Auction shall automatically extend by 10 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 thee-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 e-Auction 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 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 e-Auctioning.