BUYERS CONDITIONS OF SALE

1.   All lots—which term shall include all forms of personal property whatsoever and property fitted or affixed to

land—are tendered for sale subject to these Conditions, no variation of which shall be valid unless made in

writing and signed by a person duly authorised by the Auctioneer. In these Conditions "the Auctioneer" shall be

the company or firm or person, or his or their servant or agent, who has agreed to auction any lot. By making a

bid for any lot, the person making the bid warrants that he has read, makes his bid upon and agrees to be bound

by these Conditions, and further warrants that he has due authority and capacity to make the bid and binds both

himself and any employer or principal to honour any contract resulting therefrom. Any bid shall be deemed to be

an offer by the buyer (a term used herein as including the bidder and any principal or employer of the bidder) to

purchase any lot tendered upon these Conditions alone.

2.   The Auctioneer tenders any lot for sale as agent for and on behalf of the person from or through whom

instructions for sale have been received (the Seller) and not on the Auctioneer's own behalf. The sale of any lot

shall be concluded and binding at the moment when the lot is knocked down. The highest bid will be accepted

save in exceptional circumstances, such circumstances to be determined by the Auctioneer whose decision shall

be unchallengeable.

3.   The Auctioneer shall have the sole and exclusive right at the site of the auction to determine all matters

whatsoever concerning the conduct and/or effect of any auction sale or purported sale and without prejudice to

the generality of the foregoing he shall be entitled to resolve disputes between bidders, to reject any bid, to

withdraw, divide or consolidate any lot or lots and he will be entitled to bid on the Seller's behalf. He will further

be entitled to require proof of identity and/or of authority from any bidder.

4.   The buyer must forthwith identify himself and any principal or employer, together with appropriate means of

identification, to the Auctioneer, his servants or agents and if required to do so must pay 25 per cent of the sale

price forthwith by way of deposit. The total sale price, less any such sum, must be paid to the Auctioneer at his

office or elsewhere as he may direct. Payment in full shall be deemed not to have occurred until any negotiable

instrument has been honoured in full (or cash has been paid) such payment to be made within the time specified

in the sale notes or in default of specification by 5 o'clock p.m. on the day of the auction or on the next complete

working day (excluding Saturdays). Time of payment shall be of the essence. The buyer shall not be entitled to

remove any lot from its position at the time of sale until the purchase price of that and any other lot purchased at

the auction has been paid in full and in default of payment as aforesaid the Auctioneer shall have a lien upon all

lots purchased by the buyer during the same auction and shall be entitled to rescind the sale in respect of any lot

or lots for which full payment is not made in due time, forfeit any deposit paid in respect of them and resell the

same without any right of compensation in the buyer. The Auctioneer shall also be entitled to charge interest

upon any unpaid balance at the rate of 1 per cent above Base Rate from time to time and to charge for storage

arising after the time for removal at the rate of 25 per cent per annum of the sale price until he elects to rescind

the sale, if at all, which election he may make at any time after such non-payment.

5.   The title to any lot shall remain in the Seller until the full sale price and any storage and interest charges have

been paid to the Auctioneer, but the risk of damage to or loss of the lot by whatsoever cause and in whatsoever

circumstances shall be transferred to the buyer upon the sale.

6.   The Auctioneer warrants that he will only sell lots which he believes to be owned by the Seller or to which the

Seller will be able to pass a good title but should it transpire that the Seller's title to any lot is defective or that the

Seller cannot pass a good title to the buyer, the Auctioneer shall be under no obligation to the buyer, other than

to use his best reasonable endeavours (short of litigation), to procure the transfer of a good title to the buyer and

to assist the buyer in exercising any remedies that he may have against the Seller.

7.   The buyer shall remove any lot for which he has paid in full plus other charges, if any, by the time for removal,

which shall be either the time for payment or the time stated in any sale notes of the Auctioneer, whichever shall

be the later, but provided that no lot shall be removed without the Auctioneer's express written consent while

the Auction is continuing. The buyer shall be responsible for the removal of the articles and such removal must

be carried out safely and lawfully. Flame cutting, the use of explosives or of any other potentially hazardous or

inflammatory process shall not be permissible at the site without express written consent. The buyer agrees to

insure against and to indemnify the Auctioneer and the Seller against any and all claims arising in respect of

injury or damage to person or property, whether real or personal, caused by or in connection with the acts or

omissions of the buyer, whether caused by himself, his servants or agents or his principals or employer.

Buyers must insure against these risks.

8.   All conditions and warranties as to the condition, quality, description or fitness for any purpose whatsoever of

any lot sold by the Auctioneer are hereby expressly excluded. Neither the Auctioneer nor the Seller will be

bound by or liable for any representation of any kind whatsoever, whensoever or howsoever made. Neither the

Auctioneer nor the Seller shall be liable for any loss or damage whether caused by negligence or otherwise of

either or both or of their servants or agents and without prejudice to the generality of the foregoing neither the

Auctioneer nor the Seller shall be liable for any loss of profit, business or production or similar or other loss

whether direct or indirect or consequential, however caused.

In the circumstances any potential buyer should rely solely and exclusively upon his own inspection

of any lot and should not treat statements made in sale particulars or before or during the auction by

the Seller or Auctioneer either as representations or to be relied upon.

N.B. A sale by auction is not a consumer sale. Sale of Goods Act 1893 Section 55(7) and Unfair

Contract Terms Act 1977 Section 12(2).

No vehicle is warranted or held out to be roadworthy and no lot is warranted or held out to be

merchantable or safe for use or complying with statutory requirements for use, display or

movement. The Auctioneer, his servants and agents have no authority to make representations.

9.   The buyer hereby undertakes to ensure that any lot he purchases will be used moved or displayed whether at the

site of the auction or elsewhere only when he has ensured that such use and/or movement and/or display is

lawful and safe.