Details

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 TOTAL AMOUNT
ONLY” BASIS. ALL APPLICABLE DUTIES, TAXES AND GST are including.

The
sale of offered goods is Per Lot Basis for Lot 1 & Per MT Basis for Lot – 2

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

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. Failing of
doing so your EMD will be forfeited.



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 honour the deal at the
second highest bid within the aforesaid period of 3 days. Failing of doing so
your EMD will be forfeited



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.