The following highlights key sale terms and identifies sale specific terms. These, along with our General Terms of Sale, comprise the Complete Terms of Sale. Please review the following and download the General Terms of Sale here to confirm the responsibilities you are agreeing to upon participating in this sale.
TERMS AT-A-GLANCE
EXPORT ONLY: These assets are located within a Hong Kong Free Port facility and must be exported from Hong Kong. Domestic sale or delivery within Hong Kong is not permitted.
SELLER APPROVAL & FINAL SALE: All high bids are subject to Seller review and approval in the Seller’s sole discretion. A sale is not final until the Buyer receives written or electronic confirmation of Seller approval. Once approved, the sale is binding, final, and non-cancellable. All items are sold strictly “as-is, where-is,” with no warranties or guarantees. Buyers are encouraged to inspect items before bidding.
PAYMENT: All payments are due in full via wire transfer within 5 business days of Invoicing. Buyer is responsible for any bank charges incurred for processing wire transfers (Please note that it is common for your bank as well as intermediate banks to charge a fee).
BUYER'S PREMIUM: A 10% Buyer’s Premium will be added to the winning bid and included in the Invoice.
HONG KONG TAXES: Hong Kong does not impose VAT, GST or customs duty on the export of industrial equipment. Buyers should note that import duties, VAT, GST or similar taxes may apply in the destination country and remain the Buyer's responsibility.
EXPORT COMPLIANCE: Buyers are responsible for ensuring compliance with all applicable export control laws, sanctions regulations and import requirements applicable to the destination country.
INSPECTIONS: Available with a minimum of 24 hours of advance notice.
REMOVAL: Removal and loadout assistance is available at the port. All coordination, scheduling and associated costs, including labor, lifting equipment, rigging, port handling charges and any other removal expenses, are the sole responsibility of the Buyer.
ALL ITEMS SUBJECT TO PRIOR SALE: Auctioneer has the right to add or delete lots for the sale at any time as well as to cancel the sale entirely or sell in bulk.
TAX EXEMPTION: Buyer represents and warrants that any resale or exemption certificate provided is valid and applicable to the purchase. Buyer agrees to indemnify and hold harmless Seller and Auctioneer from any tax liability arising from invalid exemption claims.
For inquires on this sale, please contact:
Simon Lovett at +1 281-543-5657, slovett@tigergroup.com
Cory Ogden at (+971) 58 553 6968, cogden@tigergroup.com
