ONLINE AUCTION SALE TERMS & CONDITIONS

Full details including an address, landline AND mobile telephone numbers plus a valid email address must be provided in order to receive approval for bidding in every Techbid auction hosted on the ATG i-bidder platform. Failure to provide all such details or any history of breaching the terms of a previous online equipment auction, will result in your eligibilty to bid being withdrawn and any bids being cancelled without notice. Overseas bidders, or bidders who have not bought items previously in a Techbid auction, may at the discretion of Techbid be asked to pay a goodwill deposit before being allowed to bid, returnable after the auction.

In the event of a bid being received within 10 minutes of the scheduled closing time, the bidding period on that lot will automatically extend by a further 10 minutes and for a further 10mins for any bid received thereafter. When bidding, do not forget to ‘REFRESH’ your screen to ensure you are aware of current bids. Remember to verify that the reserve has been met before assuming you are winning a lot. Note that, in some circumstances and ONLY while reserves have not been met, vendors may occasionally be permitted to remove certain lots from the sale process before the end of the sale.

Due to the nature and process of these timed auction sales, the online catalogue may be updated regularly until the sale day. All lots are sold as seen, untested and without any warranties whatsoever, either express or implied. They are sold as they lie with all faults and errors or mis-statement of description, measurement, weight, quantity, quality, numbered or otherwise (including accuracy of guide photographs and whether of substantial nature or not). A period of at least 7 days prior to the auction closing is provided for prospective bidders to satisfy themselves about the nature and condition of any items of interest. Viewing is at our London offices and is strictly by appointment by emailing viewing@techbid.co.uk with a preferred date & time. The purchaser shall be deemed to have inspected the lot he buys, or if he buys without previous inspection he shall do so at his own risk. No oral or written representation made prior to or at the time of sale of any lot shall be deemed to be incorporated in such sale nor to have induced any purchaser to bid therefore the lots are not sold by sample but in any case if a sample shall be displayed it shall be on the understanding that the contract of sale shall contain no implied condition or warranty as to the quality or fitness or otherwise or that the lots are free from any defects rendering them merchantable or are reasonably fit for the purpose for which they were purchased. It is recommended that buyers do not bid unless they or their agent have physically examined lots to their satisfaction prior to doing so as absolutely no refunds can be given for any reason after the sale.

Although no form of warranty is given with any lot, the auctioneers will use their best endeavours to provide the history of any item if requested, whilst protecting the identity of vendors. Where specific items have been tested, this is often stated in the catalogue descriptions although no liability can be accepted by Techbid. Alternatively, engineer’s reports for guidance only are available upon request at £50+VAT per item. The hour and odometer readings on machinery and vehicles in this sale cannot be warranted and should not be relied upon. Due to the Data Protection Act, all software and data may be removed from computers and is not part of the sale unless specified, whereby the buyer would need to obtain the appropriate licence from the software providers prior to use.

A Buyers Premium of 15% is incurred on the hammer price on all lots unless stated otherwise. All lots are subject to the addition of VAT on the total. Techbid is unable to refund the VAT on the buyers premium in any circumstances, even if for export.

Techbid reserves the right to reject bidders at any time even if previously approved to bid. Techbid aims to notify successful bidders by email within 24hrs of the end of the sale by means of a proforma invoice for immediate settlement. Purchased lots are the responsibility of the buyer from the moment the lot is shown as sold and Techbid shall be under no liability for subsequent loss or damage, however caused. In the event of a third party proving to have a superior title or right to custody or possession of any lot the vendor may rescind the contract of sale and upon return of any deposit and/or purchase price to the purchasers neither the vendor not Techbid shall be under any further liability to the purchaser. Techbid is a trading name of The Television Set Limited.

Note that all approved bidders will automatically have their details placed on our database for notification of futures sales undertaken by Techbid. In the event that you wish to have your details excluded from our database, please email unsubscribe@techbid.co.uk with ‘Unsubscribe’ in the subject line.

ONLINE AUCTION PAYMENT & COLLECTION TERMS

Successful bidders will receive a proforma invoice by email for IMMEDIATE SETTLEMENT by debit card, same-day bank transfer, or cash. Card payments can be made by ringing Techbid on +44 207 436 6899, QUOTING YOUR BIDDER NUMBER. We regret that neither credit cards nor cheques can be accepted.

The quickest & simplest method of payment for UK buyers is by debit card and is free of charge. Alternatively, bank details are provided on the proforma invoice. Overseas buyers may settle by bank transfer but must be aware that any payments made by this method may take several days to reach our account which will delay the collection of purchased lots. It is recommended that SWIFT is used. All bank fees must be paid by the buyer and further delays may be incurred until the full amount payable has been received. If you use this method, be sure to state `Techbid+Your Bidder Number` as the reference.

All lots are subject to a 15% Buyers Premium plus VAT at the UK prevailing rate. EC buyers should provide their VAT number when registering to bid so that VAT can be excluded from their invoice. Other overseas buyers will be charged VAT but this can be refunded when acceptable proof of export has been provided. Note that VAT is payable on buyers premium even when goods are exported. All queries regarding payment should be directed to our auction sales accounts team at: accounts@techbid.co.uk

Lots may be removed from Monday 23 May and all lots MUST be removed from the site within 10 working days, ie by Friday 3 June. Overseas buyers ONLY will be allowed an additional FIVE days to remove lots, ie until Friday 10 June. After this period, a £60+VAT storage fee will be charged per item per week.

Collection is by appointment from: TV Set, 10-11 Percy Street, London W1T 1DN, UK from 10am to 5pm, Monday to Friday. Any uncollected items may be disposed of after 20 working days from the end of sale. In the event of any lots not being paid for or not being removed within this period Techbid shall immediately thereafter be at liberty to rescind the contract and without notice to the purchaser to resell such lot or lots by public or private sale. In the event of any such resale, any loss or damage (including storage charges) suffered by the vendor shall be forthwith recoverable from the purchaser by the vendor.

The risk in each lot shall pass to the purchaser following notification of the successful bid and the purchaser is strongly advised to effect insurance at once, irrespective of the fact that ownership of each lot remains vested in the vendor and the purchaser shall not be entitled to remove any lot until payment in full has been made for each and every lot purchased by him at the sale.

Techbid does not automatically undertake packaging, postage, delivery or shipment of goods and the bidder must make his own arrangements to comply with the clearance terms. However, a chargeable service is available & packing charges vary depending on the type of equipment. Unless exceptionally fragile, prices per package are as follows. Under 5kg: £15+VAT. 5kg-10kg: £25+VAT, 11kg-25kg: £40+VAT, above 25kg by special arrangement. Shipping can also be arranged, subject to quotation and a minimum charge of £20+VAT. However, buyers are encouraged to arrange their own collection by courier where possible as no liability can be accepted by Techbid for any damage occurred in transit. No packing or shipping will be initiated until payment of relevant charges has been made, including any storage charges where applicable.

Purchasers are advised to bring some form of identification when collecting won lots and should ensure that their contractors hold sufficient public liability insurance, copies of which should be made available to Techbid if demanded. Techbid will only permit removal of lots by the successful purchaser or their duly appointed agent.