Standard Newsprint Paper - (246.868 MT)


Specification

Item Id 611
Category Standard Newsprint Paper - (246.868 MT)
Manufacture name M/s. Bartaman PvT. Ltd.
Model name Standard Newsprint Paper - (246.868 MT) 139.7 , 69.9 & 70 cm WIDTH 42 GSM
Model number 2020
Production date 01-May-2020
Location DANKUNI, , WEST BENGAL
Market Maker meenakshi@salvagemanagers.com
Sound Invoice Value Rs. 43,000.00 / MT
Quantity 246.868 MT
Sound Invoice Lot Value Rs. 1,06,15,324.00
Reserve Price Rs. 12,000.00 / MT
Reserve Price Lot Value Rs. 29,62,416.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / MT
Incremental Bid / MT
Next Minimum Bid / MT
Expired

Details

Standard Newsprint Paper  - (246.868 MT)   (139.7 , 69.9 & 70 cm WIDTH 42 GSM )

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 condition:-


THE RATE FOR PURCHASE OF OFFERED GOODS IS TO BE SUBMITTED ON “BASIC AMOUNT BASIS ONLY ’’. GST @ 5% & TCS @ 0.75% will be charged extra


The sale of offered goods is per MT basis


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.


On approval, the highest bidder shall deposit Rs. 5 Lakhs as initial deposit to insured account within 24 working hours. The initial deposit shall be adjusted against the last deliveries.


 The Purchaser (H1/H2) should remit 50% advance payment within 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 15 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.


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.


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 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 seller’s description.


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.

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

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