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Terms
This section contains the terms and conditions which Jakarta Auctions provide its services to its customers or participants on the web or on site. Please read the terms of service carefully before participating in our auction.
JAKARTA AUCTIONS
The Jakarta Auctions is organized and promoted by PT. International Auction Multimachine (IAM).
REGISTRATION
Prospective bidders are required to register prior to bidding. A bidding book is required in order to bid on any lot in the Auction. A bidding book may be obtained by completing the Application Form provided by the Auctioneers. An applicant must provide identification (I.D., Driver license, and/or Passport). A deposit will be required for registration of no less than $ 17,500 US Dollars cash, and or the equivalent in Rupiah cash, or by transfer where the Deposit has been received by the Auctioneer prior to issuance of the bidder's book. Deposits will be refunded at the Auction site for those who have registered but made no purchase at the Auction.
DESCRIPTION OF LOTS/NO WARRANTIES
The descriptions in this website are believed to be correct, however the descriptions are merely a guide and are in no way a warranty, representation, or guarantee, expressed or implied. Neither the Auctioneer nor the Seller is responsible for any error in descriptions as to the quality, character, or condition of the equipment, and purchaser shall not be entitled to any remedy or claim on account of the quality, character or condition of the equipment purchased.
WARNING!
The Auctioneer hereby will not compensate any person who visits the Auction site that may be hurt, injured, or killed by any accident, in any circumstance whatsoever during the dates prior, during, or after the Auction. Every person at the Auction site is there at his or her own risk. Therefore, there is no claim against the Auctioneer, their agents, employees or principals neither for personal injury sustained, or death, nor for any damages to, or loss of property, which may incur from any cause whatsoever.
INSPECTION OF EQUIPMENT
The equipment is available for inspection during the equipment preview days prior to auction, and prospective Bidders are strongly encouraged to inspect the equipment prior to bidding. Anyone visiting the Auction Yard during the inspection of equipment, attending the Auction, or for any other reason, assumes all liability in regards to any injury they might incur, and are totally responsible for any risk that might occur during his personal inspection of the equipment. Should you have any questions during the previews, or at the auction, please talk to the Staff.
IMPORT EXPORT REQUIREMENTS
- Certain requirements may have to be met before the equipment may be imported or exported.
- Compliance with such requirements is the sole responsibility of the purchaser.
- The auctioneer does not provide safety certificates, certificates of origin and the like.
- Payment of export or other duties, if applicable, is the sole responsibility of the purchaser of the equipment.
- If the equipment is in the bonded zone, the Purchaser of equipment (for those who wish to bring their purchased item/lots into places in Indonesia), must process all necessary import documentation and to pay taxes and duties, if any.
- Customs brokers approved by the Auctioneer are available at the auction site to assist the purchasers, at purchaser's expense.
- In relation to any purchased equipment, the Purchaser shall be fully responsible for the clearance of all customs procedures and requirements and for payments of all customs dues, duties, and levies at the Purchaser's costs. The Auctioneer may, without any obligation, give a recommendation to the Purchaser, reference certain customs brokers or agents, However, the Auctioneer shall not be responsible for any act or omission of said brokers or agents.
- There will be certain items/lots which taxes and duties have been paid for in Indonesia. These items/lots will be indicated in the Bid Book.
HOW TO BID
- All purchases will be made in US Dollars. No commission is due by the purchaser of equipment at the Auction.
- Since the Auction is unreserved, there is no minimum bid for the item(s)/Lot(s). The Auctioneer will be decide the commencing price. However, the final sale price will depend on the highest bid from the Bidders.
- The Auctioneer will continuously call two amounts (for instance US$ 1,000 & US$ 1,500). The Higher amount is the amount the Auctioneers is asking for, while the lower amount is the amount of the highest bid already made buy a bidder. The process will continue until there is no further bidding, and the item will be sold to the highest bidder.
- Individual invoice for each item sold will immediately be brought to the successful Bidder/Buyer for his/her signature. A copy will be given to the winning bidder for his/here retention, and Bidder/Buyer is required to produce their invoice copies at the Registration Office for settlement of payment.
- Throughout the Auction, a digital display will show the asking price the Auctioneer is requesting for the next bid on the Lot currently being sold.
- Bidders who wish to place a bid for any LOT(s) are kindly requested to raise their hand, holding the Bidder's book, and in the case of such bidder securing the highest bid.
- The Auctioneer will then announce his Bid Book/Buyer's Number as the winner of the LOT.
- At any time during the Auction, the Auctioneer may, at its own discretion, offer to sell one individual Lot/Item, or a group of items.
ABSENTEE BID
Absentee bidders may fill in an Absentee Bid Form available from the Auctioneers at least 7 (seven) days before the sale, instructing the Auctioneers to bid on his behalf. Please refer to the Absentee Bid Form for further details, terms and conditions.
TERMS OF SALE
A succesful Bidder shall pay the Auctioneers in cash (or in a manner which Auctioneers agree), the purchase price of each Lot purchased in the following manner: 25% of the purchase price, or US$ 17,500, whichever amount is higher, shall be paid on the date of the Auction, and the balance shall be paid within 7 days after the date of the Auction. No Item purchased maybe removed from the Auction site until full payment is received or until personal/company cheque have been cleared by the bank. Our staff will be available on the sale days to guide you in the transfer of funds.
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