PLEASE REFER TO OUR AUCTION CATALOGUE FOR FULL TERMS AND CONDITIONS.

SPECIAL CONDITIONS OF SALE

Relating to Sale by Public Online Auction Cotswold Classics Limited

For information regarding individual lots, please contact Stephen Holmes at Charterfields on 0870 0434170

BUYER'S PREMIUM - 15%

All lots are subject to the Buyer's Premium at 15% of the sale price plus VAT.

ASSIGNMENT FEE

Each registration number will be subject to a nominee fee of £25 plus administration fee of £25 plus VAT (total £55)

BIDDING                            

The auction will start to close from the time stated in the auction catalogue. Each lot will close at timed intervals as identified on the auction website. Where a bid is placed in the last minute prior to a lot closing, the time will be extended to allow further bidding to take place. This will not affect the closing time of any following lots assuming no further bids are placed within the last minute of those subsequent lots.

The Auctioneer or its agents, reserve the right to cancel, block or remove any bid/bidder from the sale, if the bidder has registered before and not complied with any of the terms and conditions of sale.

By making a bid on any lot, the bidder makes an offer to purchase the lot at the bid price in accordance with the terms and conditions.  Once a bid has been placed, it cannot be withdrawn or cancelled.

The Auctioneer or its agents reserve the right to add additional lots during the sale. 

All lots are subject to reserve prices set by the Auctioneer on behalf of its client.

SALE COMMENCEMENT AND LOCATION

The auction will be an internet based online auction.  Bidders will be able to view the lots online at www.charterfields.com.  The auction will open at 10.00am on 12 September 2014 and close from  10.00am on 23 September 2014.

REGISTRATION

All persons wishing to bid will be required to register and agree to Charterfields Terms and Conditions, prior to bidding.  All lots sold are subject to Charterfields Terms and Conditions only.

The Auctioneer and its agents will verify the details provided by prospective bidders.  Any person or company who fails to comply with the conditions of sale or provides incorrect details to the Auctioneer, or any other auctioneers, will be prevented from registering and bidding on this or any other sale conducted by the Auctioneer.

Initial Registration

In order to bid with IBidder/Bidspotter, prospective bidders must register a user name and password. Prospective bidders should click on “Register” at the top of the home page, complete any personal or company details and submit the form. Once the information is received bidders are approved to bid in the auction.

Auction Registration

To bid in an individual auction, bidders should register with their user name and password, click on the auction from the home page, select the option ‘sign up to bid’, and enter a credit limit (which is the amount available to spend on ALL items that they might bid on in the auction). Once the registration is received the bidder's details will be examined and the Auctioneer will approve the bidder to bid.

Deposits
A deposit of £500 will be required from all Non UK registered companies.

The deposit must be paid through a UK bank.  This deposit will be held in our non interest bearing client account.  For successful purchasers, the deposit will be taken as part payment or refunded in part if the invoice is less than the deposit.  Unsuccessful bidders will be refunded by BACS only.  In the event of default by the buyer, the deposit will be used, where the payment terms detailed below are not complied with.

Bidding

To actually place a bid, prospective bidders should click on the auction from the auction calendar on the home page, then choose the option ‘View lot listing & bid online’. Click on the button ‘Place Bid’, there are 2 options:

• Next increment, the bid is placed for the next incremental amount

• Autobid, a maximum amount is entered and the system will bid automatically against any other bidders up to the amount chosen.

Bidders can check which lots they are winning, losing or have won and lost by clicking on the section ‘my bids’ at the very top of the page.

Once a bid has been placed, it cannot be removed.

NOTIFICATION OF SUCCESSFUL PARTIES

Successful bidders will be invoiced within 24 hours, by email.  This email will include your invoice.  It is the bidder’s responsibility to check their emails.

Underbidders may be contacted if the highest bidder defaults on payment.

POST SALE PROCESS FOR SUCCESSFUL PURCHASERS

On receipt of notification of a successful purchase you will be required to make payment as detailed in the invoice.  Upon receipt of cleared funds Charterfields will notify DVLA of the nominee (purchaser) details.  DVLA will issue a revised retention document (V778).  This will be sent to the purchaser.  This will conclude the transaction.  Please note this process can take the DVLA between four to six weeks.  You are strongly advised to note the date the retention period ends.  Failure to assign a registration number to a vehicle by this date may lead to the forfeit of the registration number.

PAYMENT        Deadline 26 September 2014

• No cash
• nO bankers drafts
• No building society cheques
• no company cheques        

MUST be made in full by 12.00pm on 26 September 2014.  Lots purchased may only be redeemed upon receipt by the Auctioneer of CLEARED FUNDS by one of the methods detailed below:-                       

DEBIT CARD: BY TELEPHONE, PRIOR TO COLLECTION.  PLEASE CALL       0870 0434170 TO MAKE PAYMENT.  CREDIT CARDS NOT ACCEPTED.        PLEASE ENSURE THAT YOU HAVE SUFFICENT FUNDS IN YOUR       ACCOUNT WHEN MAKING THIS PAYMENT.

DIRECT BANK TRANSFER: PRIOR TO COLLECTION, BY BACS OR CHAPS. 

Note:    BACS PAYMENT - CAN TAKE THREE WORKING DAYS FOR PAYMENT TO CLEAR.

NOTE: CHAPS PAYMENT - SAME DAY PAYMENT IF MADE BEFORE NOON (YOUR BANK MAY CHARGE FOR THIS SERVICE).

INTERNET BANKING: PRIOR TO COLLECTION

BANK DETAILS FOR BACS/CHAPS TRANSFERS AND INTERNET BANKING:

                        Sort Code: 16 00 08

                        Account Number: 10278714      

                        Account Name: Charterfields Client Account

                        Name of Bank: Royal Bank of Scotland, Church Street, Sheffield

Please mark your payment with your company name for reference purposes.

RESERVE PRICE - AUCTION

The Auctioneer may, at its discretion, or upon the instruction of the Seller:-

a)  alter or withdraw all or any lots referred to in this auction catalogue prior to the hammer falling in relation to a sale ofsuch lot(s).

b)  where a reserve price has been placed on any lot, withdraw that lot in the event that the highest bid price does not meet the reserve price.

c)  bid, on behalf of the Seller, or accept bids from the Seller,for any lot or lots offered for sale at the auction.                       

DESCRIPTIONS                 

The information contained herein as to quality, description, etc, of the goods is provided in good faith but represents the Auctioneer's opinion without obligation, and prospective purchasers must rely on their own examination and investigations of the goods.  Included in this auction catalogue are General Conditions of Sale and Special Conditions of Sale both of which are incorporated in the sale contract. Buyers will be deemed to have read and understood these conditions. Buyers are not entitled to any goods or other items not included in the lot description in this catalogue.

WARRANTY                       

All goods are sold without warranty and any conditions and warranties as to condition, quality, description or fitness for any purpose are expressly excluded to the fullest extent permitted by law.

TRANSFERS                      

The Auctioneer will not, under any circumstances, recognise the transfer of lots to third parties.

VALUE ADDED TAX [VAT]

Lots are sold subject to the addition of VAT in accordance with the rules of HM Revenue and Customs and the Buyer should make its own enquiries as to whether or not particular lots attract VAT.  In practical terms, the majority of lots will be subject to the addition of VAT although, one particular exemption from this is in respect of motor cars which are exempt.

Where VAT is payable, it will be levied on the bid price and charged in addition to the bid price.  Where the sale is subject to a Buyer’s Premium, then VAT will also be payable on, and in addition to, the calculated Buyer’s Premium.

VAT charged on the bid price, may be refunded, in appropriate cases, where notification has been received by the Auctioneer before, or within two working days, of completion of the sale, that the buyer intends to export the lots.  Where such notification has been received, the VAT will be levied at the point of sale and held, for a period of four weeks, from completion of the sale.  For these purposes, the completion of the sale is specified as 23 September 2014.  The Buyer should note that the Buyer’s Premium is a supply within the UK and is not refundable irrespective of whether or not the goods are exported.