93
For CJM Asset Management delivery information please telephone +44 (0) 1724 334 411.
Location: The CJM Auction Centre, Dunlop Way, Scunthorpe, DN16 3RN and others. Where no location is stated in the lot description, the goods are at the CJM premises in Scunthorpe. Goods not in Scunthorpe contain the location within the description.
Viewing: Friday 19th September 2014 between 1pm & 4.30pm and Monday 22nd September 2014 between 10am & 5pm. For goods not located in Scunthorpe, please see the lot description for viewing arrangements.
Condition Reports: Any requests for Condition Reports received after 12pm on Tuesday 23rd September may not receive a response.
Payment: WE DO NOT AUTOMATICALLY TAKE THE PAYMENT FROM YOUR CARD REGISTERED ON BIDSPOTTER. We recommend sending a BACS payment. Our Account details are located in the terms & conditions & on the email you receive with your invoice. You are able to pay Cash on Collection, Debit Card, Credit Card (There is a 2% surcharge on a Credit Card). We do accept Card payments made over the phone if the amount is under £200.
REMOVAL OF LOTS: The goods are at the risk of the Buyer immediately upon receipt of invoice from the Auctioneers and should be removed as soon as possible for security reasons. All removals are scheduled for Thursday 25th September, Friday 26th September and Monday 29th September 2014 between the hours of 8am - 4:30pm and must be completed by 4pm on Tuesday 30th September 2014. For further information and advice call +44(0)1724 334411.
Please be aware that if purchases are not removed before Tuesday 30th September 2014, a £5 +VAT charge will be levied per lot per day
Invoices will be prepared and sent to individual buyers by email on Wednesday 24th September 2014. Do not attempt to collect your purchases until you have received your invoice.
If you haven't received your invoice by Thursday 25th September, please check your junk mail filter. Otherwise call 01724 334411
IMPORTANT NOTICE TO BIDDERS
SPECIAL CONDITIONS OF SALE RELATING TO THE ONLINE AUCTION
AT CJM AUCTION CENTRE, DUNLOP WAY, SCUNTHORPE, DN16 3RN AND OTHERS
1. These Special Conditions of sale should be read in conjunction with the General Conditions of Sale for Online Auctions posted at www.cjmasset.com and printed at the back of this catalogue.
2. VIEWING: On FRIDAY 19TH SEPTEMBER between 1PM & 4.30PM and MONDAY 22ND SEPTEMBER 2014 between 10AM & 5PM AT CJM AUCTION CENTRE, DUNLOP WAY, SCUNTHORPE, DN16 3RN. For goods not located in Scunthorpe, please see the lot description for viewing arrangements.
3. SALE CLOSES: TUESDAY 23RD SEPTEMBER 2014. Please note that 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. IMPORTANT: WHEN BIDDING DO NOT FORGET TO REGULARLY REFRESH YOUR SCREEN TO ENSURE YOU ARE AWARE OF ALL CURRENT BIDS.
Collective Industrial Lots 1-999 from 12 noon
Fine Arts Antique Lots 1000 onwards from 6pm
4. REGISTRATION: To register for this sale visit www.cjmasset.com and click on the 'Bidspotter' link, or visit Bidspotter.co.uk and click on the appropriate CJM sale.
5. BUYERS PREMIUM: The successful bidder will pay 15% plus VAT Buyers Premium in addition to the Hammer Price.
6. VALUE ADDED TAX (VAT) will be charged at 20% on both the hammer price and the Buyers Premium where prefixed with an asterisk (*) in the description. Those lots without an asterisk, VAT is only payable on the Buyer’s Premium. Purchasers from overseas should note that the VAT on the Buyers Premium is not recoverable.
7. VALUE ADDED TAX ON GOODS FOR EXPORT: Buyers from within the European Union who produce full details of their trading name and address and VAT registration number at the time of registration will not pay VAT on the hammer price of the goods but will pay VAT on the buyer’s premium. Buyers from outside the European Union will pay VAT upon the hammer price and the buyer’s premium. If the purchaser subsequently produces documentary evidence of permanent export from the United Kingdom within 3 months from the date of sale, then the VAT on the hammer price only will be refunded. Satisfactory documentary evidence will include Certified Bill of Lading, Commercial Invoice and Packing List. A handling charge of 10% or £50 Sterling plus VAT (which ever is the higher) will be levied on all such refunds.
8. PAYMENT: Payment is required immediately upon receipt of invoice unless alternative arrangements have been made with the Auctioneers prior to the sale. We accept payments by Visa or Mastercard subject to a 2 per cent surcharge. Payments by Debit Card are not subject to a surcharge (subject to a maximum of £200 if the cardholder is not present). If you wish to pay by Bank or Telegraphic Transfer our Clients Account details are as follows: - Account Name: Fyrebrand Ltd t/a CJM Asset Management Clients Account, Account No: 36292591, Sort Code: 544126, National Westminster Bank plc, 119 High Street, Scunthorpe, DN15 6LY, United Kingdom. IBAN No: GB81NWBK5441 2636 2925 91. Important Notice - Money Laundering Regulations 2003 - Please note that in order to comply with the Money Laundering Regulations we are unable to accept cash payments in excess of £12,000 (€15,000).
Cheques are not accepted.
We apologise for any inconvenience this may cause. Payments by means other than cash are unaffected.
9. TRANSFERS: CJM Asset Management will not recognise the sale of accounts (or parts of accounts) to third parties and we will only accept payment from and allow removal of items by the successful bidders themselves or their appointed agent.
10. PURCHASE OF GOODS THROUGH A FINANCE COMPANY: Please notify us well in advance of the sale if you are intending to purchase though a finance company. This is to ensure that the Finance Company is able to make payment in accordance with the General & Special Conditions of Sale.
11. REMOVAL OF LOTS: The goods are at the risk of the Buyer immediately upon receipt of invoice from the Auctioneers and should be removed as soon as possible for security reasons. All removals are to be completed from THURSDAY 25th September 2014 and must be completed by 4pm on TUESDAY 30TH SEPTEMBER. We reserve the right to charge storage at the rate of £5 + VAT per lot per day on any lots which remains on site after Tuesday 30th September.
12. FURTHER INFORMATION: Contact Paul Cooper at CJM Asset Management, The CJM Auction Centre, Dunlop Way, Scunthorpe, DN16 3RN, United Kingdom, Telephone +44 (0) 1724 334411, Fax. +44 (0) 1724 334422, e-mail paul.cooper@cjmasset.com
TERMS AND CONDITIONS
1. The conditions of sale and all other contents of any catalogue are subject to amendment by the Auctioneers by the posting of notices, by oral announcement made by the auctioneer prior to or during the sale, or by way of an agreement in writing signed by the parties concerned. In particular they are subject to amendment by the Special Conditions of Sale relating to a specific Online Auction and posted at the Website www.bidspotter.co.uk
2. The Buyer shall pay 15 per cent Buyers Premium (plus Value Added Tax) in addition to the hammer price and Value Added Tax (VAT) on the hammer price at the prevailing rate if applicable. The auctioneer, when acting as agent for the seller may also receive commission from the Seller.
9ii. All sales are made on a Buyer to remove basis. Assistance in the removal of any purchased lots by Auctioneers’ staff or the Sellers’ staff is undertaken solely as a courtesy to clients and will only be undertaken at the Auctioneers’ discretion. In no event will the Auctioneers or the Seller be liable for any loss or damage regardless of cause. (Whilst the Auctioneers or the Seller may provide details of removal contractors those named do not come with any recommendation).
9iii. It is expressly brought to the Bidder’s attention that, at the time of sale, any item of plant, machinery or equipment contained in the lot(s) may not necessarily comply with the Health & Safety at Work Etc. Act 1974, Environmental Protection Act 1990 or any other Act or Acts or regulations thereunder governing the use of that plant, machinery or equipment in a working environment. Successful Bidders for any such plant, machinery or equipment are hereby required to ensure that the use of any such plant and equipment at a place of work within the United Kingdom does not contravene such relevant Act or Regulation thereunder applicable thereto.
9iv It is expressly brought to the Bidder’s attention that certain types of plant or main service instillations could contain blue or white asbestos, dangerous chemicals etc which, if not handled correctly during their removal from site, could be in breach of the Health and Safety at Work Act 1974 section 2-9 and Control of Substances Hazardous to Health Regulations 1988 (COSHH) or any other current legislations covering the use of such substances in a working environment.
9v. All Buyers must comply with all current legislation and regulations in relation to the removal/disposal of waste including hazardous waste and may be required to satisfy CJM Asset Management in relation to their disposal/removal procedures. Where waste materials are removed all work must be undertaken by an approved and licensed contractor.
9vi. The Buyer or his designated removal contractor will not commence any work on his purchase until he has demonstrated to the Seller’s reasonable satisfaction that the requirements of all Health & Safety and CDM (Construction, Design & Management) Regulations applicable to the removal of the equipment have been fulfilled. The Seller’s decision on this is final.
9vii. The Auctioneer reserves the right to request that the Buyer pays a bond in respect of potential damage to the auction premises prior to commencing removal. (See also paragraph 12 below).
10. 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. All lots are sold “as is where is” and 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 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.
10i. 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 and during the auction by the Seller or the Auctioneer either as representations or to be relied upon. N.B: a sale by auction is not a consumer sale. Sale of Goods Act 1979 section 55(7) and Unfair Contract Terms Act 1977 Section 12(2) do not apply. 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.
10ii. The Buyer of a “motor vehicle” is responsible for complying with the provision of the Road Traffic Act 1972 and all relevant regulations made under section 40 thereof (including the Motor Vehicles (Construction and Use) Regulations 1973) and any statutory modification thereof.
10iii. Furniture & Furnishings (Fire Safety) Regulations (1988): lots sold where they are applicable to this act are sold in the understanding that the Vendor(s) does not represent them as being in a condition, which makes them suitable for domestic use. The Buyers are reminded that if nevertheless any of the goods or articles are intended to be supplied in due course for domestic use the Buyers shall, before supplying them for such use, ensure that they comply with the obligations required under the Furniture & Furnishings (Fire & Safety) Regulations 1988.
11. 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.
12. Should a Buyer, by himself, his servants or agents cause damage in any way to the site of the auction or damage to or loss of any lot thereat, the Auctioneer shall be entitled to exercise a lien in respect of any and all lots purchased by the Buyer until such damage or loss has been paid for in full, whether or not the lots or any of them have been paid for in full, such loss and damage to be assessed by the Auctioneer whose decision shall be final and unchallengeable. The Auctioneer's assessed sum shall be paid by the Buyer upon receipt of invoice therefore and payment shall be made forthwith, time being of the essence.
13. If, before title to any lot has passed to the Buyer thereof, the Buyer, being an individual, dies, enters into a composition or arrangement for the benefit of his creditors or has a Receiving Order in Bankruptcy made against him or being a body corporate, has a Receiver or a Receiver and Manager appointed or goes into liquidation or enters into a composition or arrangement for the benefit of it's creditors, then contract for the sale of such lots shall be automatically and without notice rescinded unless the Auctioneer elects otherwise within 2 working days of written notice of such an event. Upon rescission, any deposit paid by the Buyer shall be forfeit and the Auctioneer shall be entitled to exercise the rights set out in paragraph 6.
14. If a Buyer is permitted to take a possession of any lot before the full sale price has been paid, the Seller and/or Auctioneer shall be entitled to enter upon any premises of the Buyer or under his control in order to repossess such lot.
15. If, before title passes to the buyer under these Conditions, the buyer nevertheless purports to resell or otherwise dispose of the lot or any interest therein, the Buyer shall hold the proceeds of such a sale or other disposition upon trust for the Auctioneer and the Seller jointly until title passes to the Buyer under these Conditions if at all, and in the meantime the buyer shall not deal with, charge or dispose of such proceeds except with the written consent of the Seller, or of the Auctioneer.
16. These Conditions shall be construed in accordance with and governed by English Law save in respect of sales in Scotland and Northern Ireland which shall be construed in accordance with and governed by Scottish and Northern Irish Law respectively. The Uniform Law on the International Sale of Goods shall not apply to this contract and the application of the United Nations Convention on Contracts for the International Sale of Goods of 11th April 1980 shall be excluded.
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For CJM Asset Management delivery information please telephone +44 (0) 1724 334 411.
Location: The CJM Auction Centre, Dunlop Way, Scunthorpe, DN16 3RN and others. Where no location is stated in the lot description, the goods are at the CJM premises in Scunthorpe. Goods not in Scunthorpe contain the location within the description.
Viewing: Friday 19th September 2014 between 1pm & 4.30pm and Monday 22nd September 2014 between 10am & 5pm. For goods not located in Scunthorpe, please see the lot description for viewing arrangements.
Condition Reports: Any requests for Condition Reports received after 12pm on Tuesday 23rd September may not receive a response.
Payment: WE DO NOT AUTOMATICALLY TAKE THE PAYMENT FROM YOUR CARD REGISTERED ON BIDSPOTTER. We recommend sending a BACS payment. Our Account details are located in the terms & conditions & on the email you receive with your invoice. You are able to pay Cash on Collection, Debit Card, Credit Card (There is a 2% surcharge on a Credit Card). We do accept Card payments made over the phone if the amount is under £200.
REMOVAL OF LOTS: The goods are at the risk of the Buyer immediately upon receipt of invoice from the Auctioneers and should be removed as soon as possible for security reasons. All removals are scheduled for Thursday 25th September, Friday 26th September and Monday 29th September 2014 between the hours of 8am - 4:30pm and must be completed by 4pm on Tuesday 30th September 2014. For further information and advice call +44(0)1724 334411.
Please be aware that if purchases are not removed before Tuesday 30th September 2014, a £5 +VAT charge will be levied per lot per day
Invoices will be prepared and sent to individual buyers by email on Wednesday 24th September 2014. Do not attempt to collect your purchases until you have received your invoice.
If you haven't received your invoice by Thursday 25th September, please check your junk mail filter. Otherwise call 01724 334411
IMPORTANT NOTICE TO BIDDERS
SPECIAL CONDITIONS OF SALE RELATING TO THE ONLINE AUCTION
AT CJM AUCTION CENTRE, DUNLOP WAY, SCUNTHORPE, DN16 3RN AND OTHERS
1. These Special Conditions of sale should be read in conjunction with the General Conditions of Sale for Online Auctions posted at www.cjmasset.com and printed at the back of this catalogue.
2. VIEWING: On FRIDAY 19TH SEPTEMBER between 1PM & 4.30PM and MONDAY 22ND SEPTEMBER 2014 between 10AM & 5PM AT CJM AUCTION CENTRE, DUNLOP WAY, SCUNTHORPE, DN16 3RN. For goods not located in Scunthorpe, please see the lot description for viewing arrangements.
3. SALE CLOSES: TUESDAY 23RD SEPTEMBER 2014. Please note that 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. IMPORTANT: WHEN BIDDING DO NOT FORGET TO REGULARLY REFRESH YOUR SCREEN TO ENSURE YOU ARE AWARE OF ALL CURRENT BIDS.
Collective Industrial Lots 1-999 from 12 noon
Fine Arts Antique Lots 1000 onwards from 6pm
4. REGISTRATION: To register for this sale visit www.cjmasset.com and click on the 'Bidspotter' link, or visit Bidspotter.co.uk and click on the appropriate CJM sale.
5. BUYERS PREMIUM: The successful bidder will pay 15% plus VAT Buyers Premium in addition to the Hammer Price.
6. VALUE ADDED TAX (VAT) will be charged at 20% on both the hammer price and the Buyers Premium where prefixed with an asterisk (*) in the description. Those lots without an asterisk, VAT is only payable on the Buyer’s Premium. Purchasers from overseas should note that the VAT on the Buyers Premium is not recoverable.
7. VALUE ADDED TAX ON GOODS FOR EXPORT: Buyers from within the European Union who produce full details of their trading name and address and VAT registration number at the time of registration will not pay VAT on the hammer price of the goods but will pay VAT on the buyer’s premium. Buyers from outside the European Union will pay VAT upon the hammer price and the buyer’s premium. If the purchaser subsequently produces documentary evidence of permanent export from the United Kingdom within 3 months from the date of sale, then the VAT on the hammer price only will be refunded. Satisfactory documentary evidence will include Certified Bill of Lading, Commercial Invoice and Packing List. A handling charge of 10% or £50 Sterling plus VAT (which ever is the higher) will be levied on all such refunds.
8. PAYMENT: Payment is required immediately upon receipt of invoice unless alternative arrangements have been made with the Auctioneers prior to the sale. We accept payments by Visa or Mastercard subject to a 2 per cent surcharge. Payments by Debit Card are not subject to a surcharge (subject to a maximum of £200 if the cardholder is not present). If you wish to pay by Bank or Telegraphic Transfer our Clients Account details are as follows: - Account Name: Fyrebrand Ltd t/a CJM Asset Management Clients Account, Account No: 36292591, Sort Code: 544126, National Westminster Bank plc, 119 High Street, Scunthorpe, DN15 6LY, United Kingdom. IBAN No: GB81NWBK5441 2636 2925 91. Important Notice - Money Laundering Regulations 2003 - Please note that in order to comply with the Money Laundering Regulations we are unable to accept cash payments in excess of £12,000 (€15,000).
Cheques are not accepted.
We apologise for any inconvenience this may cause. Payments by means other than cash are unaffected.
9. TRANSFERS: CJM Asset Management will not recognise the sale of accounts (or parts of accounts) to third parties and we will only accept payment from and allow removal of items by the successful bidders themselves or their appointed agent.
10. PURCHASE OF GOODS THROUGH A FINANCE COMPANY: Please notify us well in advance of the sale if you are intending to purchase though a finance company. This is to ensure that the Finance Company is able to make payment in accordance with the General & Special Conditions of Sale.
11. REMOVAL OF LOTS: The goods are at the risk of the Buyer immediately upon receipt of invoice from the Auctioneers and should be removed as soon as possible for security reasons. All removals are to be completed from THURSDAY 25th September 2014 and must be completed by 4pm on TUESDAY 30TH SEPTEMBER. We reserve the right to charge storage at the rate of £5 + VAT per lot per day on any lots which remains on site after Tuesday 30th September.
12. FURTHER INFORMATION: Contact Paul Cooper at CJM Asset Management, The CJM Auction Centre, Dunlop Way, Scunthorpe, DN16 3RN, United Kingdom, Telephone +44 (0) 1724 334411, Fax. +44 (0) 1724 334422, e-mail paul.cooper@cjmasset.com
TERMS AND CONDITIONS
1. The conditions of sale and all other contents of any catalogue are subject to amendment by the Auctioneers by the posting of notices, by oral announcement made by the auctioneer prior to or during the sale, or by way of an agreement in writing signed by the parties concerned. In particular they are subject to amendment by the Special Conditions of Sale relating to a specific Online Auction and posted at the Website www.bidspotter.co.uk
2. The Buyer shall pay 15 per cent Buyers Premium (plus Value Added Tax) in addition to the hammer price and Value Added Tax (VAT) on the hammer price at the prevailing rate if applicable. The auctioneer, when acting as agent for the seller may also receive commission from the Seller.
9ii. All sales are made on a Buyer to remove basis. Assistance in the removal of any purchased lots by Auctioneers’ staff or the Sellers’ staff is undertaken solely as a courtesy to clients and will only be undertaken at the Auctioneers’ discretion. In no event will the Auctioneers or the Seller be liable for any loss or damage regardless of cause. (Whilst the Auctioneers or the Seller may provide details of removal contractors those named do not come with any recommendation).
9iii. It is expressly brought to the Bidder’s attention that, at the time of sale, any item of plant, machinery or equipment contained in the lot(s) may not necessarily comply with the Health & Safety at Work Etc. Act 1974, Environmental Protection Act 1990 or any other Act or Acts or regulations thereunder governing the use of that plant, machinery or equipment in a working environment. Successful Bidders for any such plant, machinery or equipment are hereby required to ensure that the use of any such plant and equipment at a place of work within the United Kingdom does not contravene such relevant Act or Regulation thereunder applicable thereto.
9iv It is expressly brought to the Bidder’s attention that certain types of plant or main service instillations could contain blue or white asbestos, dangerous chemicals etc which, if not handled correctly during their removal from site, could be in breach of the Health and Safety at Work Act 1974 section 2-9 and Control of Substances Hazardous to Health Regulations 1988 (COSHH) or any other current legislations covering the use of such substances in a working environment.
9v. All Buyers must comply with all current legislation and regulations in relation to the removal/disposal of waste including hazardous waste and may be required to satisfy CJM Asset Management in relation to their disposal/removal procedures. Where waste materials are removed all work must be undertaken by an approved and licensed contractor.
9vi. The Buyer or his designated removal contractor will not commence any work on his purchase until he has demonstrated to the Seller’s reasonable satisfaction that the requirements of all Health & Safety and CDM (Construction, Design & Management) Regulations applicable to the removal of the equipment have been fulfilled. The Seller’s decision on this is final.
9vii. The Auctioneer reserves the right to request that the Buyer pays a bond in respect of potential damage to the auction premises prior to commencing removal. (See also paragraph 12 below).
10. 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. All lots are sold “as is where is” and 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 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.
10i. 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 and during the auction by the Seller or the Auctioneer either as representations or to be relied upon. N.B: a sale by auction is not a consumer sale. Sale of Goods Act 1979 section 55(7) and Unfair Contract Terms Act 1977 Section 12(2) do not apply. 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.
10ii. The Buyer of a “motor vehicle” is responsible for complying with the provision of the Road Traffic Act 1972 and all relevant regulations made under section 40 thereof (including the Motor Vehicles (Construction and Use) Regulations 1973) and any statutory modification thereof.
10iii. Furniture & Furnishings (Fire Safety) Regulations (1988): lots sold where they are applicable to this act are sold in the understanding that the Vendor(s) does not represent them as being in a condition, which makes them suitable for domestic use. The Buyers are reminded that if nevertheless any of the goods or articles are intended to be supplied in due course for domestic use the Buyers shall, before supplying them for such use, ensure that they comply with the obligations required under the Furniture & Furnishings (Fire & Safety) Regulations 1988.
11. 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.
12. Should a Buyer, by himself, his servants or agents cause damage in any way to the site of the auction or damage to or loss of any lot thereat, the Auctioneer shall be entitled to exercise a lien in respect of any and all lots purchased by the Buyer until such damage or loss has been paid for in full, whether or not the lots or any of them have been paid for in full, such loss and damage to be assessed by the Auctioneer whose decision shall be final and unchallengeable. The Auctioneer's assessed sum shall be paid by the Buyer upon receipt of invoice therefore and payment shall be made forthwith, time being of the essence.
13. If, before title to any lot has passed to the Buyer thereof, the Buyer, being an individual, dies, enters into a composition or arrangement for the benefit of his creditors or has a Receiving Order in Bankruptcy made against him or being a body corporate, has a Receiver or a Receiver and Manager appointed or goes into liquidation or enters into a composition or arrangement for the benefit of it's creditors, then contract for the sale of such lots shall be automatically and without notice rescinded unless the Auctioneer elects otherwise within 2 working days of written notice of such an event. Upon rescission, any deposit paid by the Buyer shall be forfeit and the Auctioneer shall be entitled to exercise the rights set out in paragraph 6.
14. If a Buyer is permitted to take a possession of any lot before the full sale price has been paid, the Seller and/or Auctioneer shall be entitled to enter upon any premises of the Buyer or under his control in order to repossess such lot.
15. If, before title passes to the buyer under these Conditions, the buyer nevertheless purports to resell or otherwise dispose of the lot or any interest therein, the Buyer shall hold the proceeds of such a sale or other disposition upon trust for the Auctioneer and the Seller jointly until title passes to the Buyer under these Conditions if at all, and in the meantime the buyer shall not deal with, charge or dispose of such proceeds except with the written consent of the Seller, or of the Auctioneer.
16. These Conditions shall be construed in accordance with and governed by English Law save in respect of sales in Scotland and Northern Ireland which shall be construed in accordance with and governed by Scottish and Northern Irish Law respectively. The Uniform Law on the International Sale of Goods shall not apply to this contract and the application of the United Nations Convention on Contracts for the International Sale of Goods of 11th April 1980 shall be excluded.