Larsen & Turbo Frame work steel , TMT SCRAP & Plywood
|Category||Larsen & Turbo Frame work steel , TMT SCRAP & Plywood|
|Manufacture name||Larsen & Turbo|
|Model name||Larsen & Turbo Frame work steel , TMT SCRAP & Plywood|
|Location||Connaught Place, New Delhi, Delhi|
|Sound Invoice Value||Rs. 1,56,75,969.00 / LOT|
|Sound Invoice Lot Value||Rs. 1,56,75,969.00|
|Reserve Price||Rs. 67,00,000.00 / LOT|
|Reserve Price Lot Value||Rs. 67,00,000.00|
|Ongoing Lot Bid||Rs. 0.00|
|Current Bid||Rs. 0.00 / LOT|
|Incremental Bid||/ LOT|
|Next Minimum Bid||/ LOT|
Term & Condition of e-Auction:
Disposal of the above material is being sold on‘ As Is Where Is’,
‘Whatever There Is’ and ‘No Complaint’ basis subject to the following
THE RATE FOR PURCHASE OF OFFERED GOODS IS TO BE SUBMITTED ON TOTAL AMOUNT ONLY” BASIS. ALL APPLICABLE DUTIES, TAXES AND GST are including.
The sale of offered goods is per Lot basis.
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
the 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.
The Purchaser (H1/H2) should remit 50% advance payment within 2-3 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 10 working days from the date of receipt of
delivery order, 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.
The Auctioneer reserves the right to reject any bid without assigning
any reason to the bidder
The earnest money deposit will not attract any interest & dealt with
as per the Procedure mentioned below:-
. In case of unsuccessful bidders, (H3 & Lower) EMD is
refunded immediately after adjusting facilitation fee of Rs. 500+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 insured/seller and also complete material is lifted by
the H1 bidder. Also adjustment will be done for fee and expenses.
• 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 the seller's
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.
|Document 1 :||eAuction Participation Form.pdf|
|Contact Salvage Manager about this items/lot.|
|Phone :||Meenakshi Gupta -9625137014|