Thermax Ltd -Steel Strip- 7620 Kgs


Item Id 625
Category Thermax Ltd -Steel Strip- 7620 Kgs
Manufacture name Termax Ltd
Model name Steel Strip- 7620 Kgs
Model number 2020
Production date 18-Apr-2020
Location Savli Town, Vadodara, Gujarat
Market Maker
Sound Invoice Value Rs. 8,04,940.00 / LOT
Quantity 1 LOT
Sound Invoice Lot Value Rs. 8,04,940.00
Reserve Price Rs. 2,20,000.00 / LOT
Reserve Price Lot Value Rs. 2,20,000.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / LOT
Incremental Bid / LOT
Next Minimum Bid / LOT


Steel Strip - 7620 Kgs.

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 “TOTAL AMOUNT

·         The sale of offered
goods is per 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 
           the e-Auction at any stage.

·    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       

·   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

·  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 
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 the insured/seller and
also complete material is lifted by the     
   H1 bidder. Also adjustment will be done for fee and expenses.

· 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 is maintained
by external agencies 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.


Thermax Ltd -Steel Strip- 7620 Kgs Thermax Ltd -Steel Strip- 7620 Kgs Thermax Ltd -Steel Strip- 7620 Kgs
Contact Salvage Manager about this items/lot.
Phone :Meenakshi Gupta -9625137014

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