Ready Made Cloths & Other Clothing Material - 6355 Pcs

Specification

Item Id	772
Category	Ready Made Cloths & Other Clothing Material - 6355 Pcs
Manufacture name	Insured- The Family Shop
Model name	Ready Made Cloths & Other Clothing Material- 6355 Pcs
Model number	2021
Production date	12-Oct-2021
Location	Dhanbad Ho., Dhanbad, Jharkhand
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 600.00 / Pieces
Quantity	6355 Pieces
Sound Invoice Lot Value	Rs. 38,13,000.00
Reserve Price	Rs. 40.00 / Pieces
Reserve Price Lot Value	Rs. 2,54,200.00

Remaining Time

Ongoing Lot Bid	Rs. 0.00
Current Bid	Rs. 0.00 / Pieces
Incremental Bid	/ Pieces
Next Minimum Bid	/ Pieces

Expired

Details

Brief Material description- Ready Made Cloths & Other Clothing Material - As per list attached

Qty. – 6355 Pcs

Disposal of the above material is being “As is
Where is”, “Whatever there is” and “No complaint” basis, held on following
special conditions specific to this E-Auction:-

1. Basis of sale: The sale of offered goods
is Per Piece basis Inclusive of
applicable GST/ taxes

2. Deposits and Lifting: After depositing 100% advance payment (apart from 10% EMD) of the final bid
value within 3 to 5 working days, post to 100% payment shall be allowed to clear the lot awarded to them.
The seller has indicated that the site can be cleared within a period of 7 to 10 working days from the date of receipt of delivery
order by H1. Any delay in doing the same, H1 shall be liable to pay ground rent for the salvage quantity un-lifted and yet
remaining at site. The rates charged would be Rs. 1000 per MT per day.

3. Incidental charges: All charges incidental to
loading, cutting and lifting of material will be borne by the H1 / Buyer.

4. 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.

5. Participation / Facilitation Fee = Rs. 100/- +
18% GST

6. 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

7. The pre-bid / EMD
and eAuction form to be deposited in physical form or electronic form (NEFT +
scanned form of EMD) to the 8 business Hours in advance
prior to e-Auction.

8. Earnest Money Deposit (EMD) Information:

i. EMD
is always 10% of the final bid amount. To facilitate participation of more
buyers, we (E-Auctioneer and MOA) may allow participation at a lower amount
than mandatory 10%. However H1 is required to complete EMD amount before
lifting of material.

ii. The EMD will not
attract any interest & will be dealt with as per the procedure mentioned
below:-

iii. Wherever
EMD is held by us, we are responsible for the return release. Seller or MOA has
no role of EMD forfeiting/retention for H3 & below. EMD of H1 & H2 is
at discretion and instructions of the seller and MOA.

iv. In
case of unsuccessful bidders, (H3 & Lower) EMD is refunded immediately
after adjusting the facilitation fee, but not later than 7-10 working days from
the completion of the E-Auction process subject to the terms and conditions
mentioned herein and at the website.

v. EMD
of the H2 bidder shall be retained for 10 days from the date of approval of
E-Auction.

vi. If
the H1 bidder fails to deposit minimum 50% payment (apart from 10% EMD) of the
final bid value, within 3 days after he is
declared H1 bidder, his EMD will be forfeited and H2 bidder will be upgraded to
status of H1 and has to honour the deal at the H2 bid value with privileges and
penalties of H1 bidder.

Wherever EMD held by E-Auctioneer, the EMD
of H1 and H2 may be refunded by E-Auctioneer upon instructions of seller and
MOA.

All charges incidental to loading and lifting of
material will be borne by the Purchaser. It is assumed that prospective bidders
have inspected the above salvage and acquainted themselves about the offered
goods available for purchase, whether they have actually inspected the same or
not. However, it is expected that the prospective bidders will inspect the
salvage at site, before participating in eAuction. Any failure in doing
inspection is not a liability of eAuction agency.

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.

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