Lot #1Lot-1: 500 Engines

Sales Terms & Conditions: • Bidder to submit valid Commercial registration (CR), License from Environmental authorities to deal with scrap materials , VAT registration documents as part of Bid submission with contact details. All documents shall be send via email to saladawi@tigergroup.com. • Buyer can request for a site visit via email with attaching the copy if commercial registration and ID cards of visitors. Email to be sent saladawi@tigergroup.com. • The goods are sold “, Where Is” without any warranty or guarantee as to the merchantability, description, quality, condition or fitness for any purpose nor is there any other warranty, expressed or implied. • Buyer must damage and scrap the engines at seller facility as per the company standards prior loading. Seller will inspect the engines after dismantling and provide approval before loading into buyer’s truck. • The listed quantities are believed to be an accurate representation of the available assets. However, it is the Bidder's responsibility to verify the exact quantities at the time of visit or inspection. Any queries should be raised and clarified via written email addressed to saladawi@tigergroup.com prior submitting the bid. • The pictures for the Sale items and details are furnished in the platform. However, Bidders are responsible to make their bid as per the actual stock and condition verified at the time of their inspection. • The validity of this bid offer and signed bid documents shall be valid for a minimum of 30 days from the date of bid submission and if needed the seller reserves their right to notify the bidders for required extension • Bidder is required to submit their offer for listed items on each sale lot as a whole and not for part quantity within a sale lot. However, the seller has full authority to decide upon any part sale should there be an offer for part quantity/item as needed. The seller assumes full and final authority to select the successful bidder. • Seller has all the right to either accept or reject, cancel any or all the bids without providing any reasons. • Buyer shall strictly adhere and comply to the laws and regulations as mandated by Environmental authorities/ Be’ah in handling, transporting, recycling and safe disposal of designated waste items sold and shall provide the buyer the proof for record. • The bid guarantee shall be returned to the unsuccessful bidders once the particular auction lot is sold and the payment is received from the winner or upon the expiry of bid validity whichever comes first. • Bidder shall be responsible for all applicable taxes (e.g. sales tax, VAT or other indirect taxes, etc.), duties, fees and other charges relating to the sale transactions. Successful bidder shall make the full payment which will be the bidding price plus Oman VAT at the prevailing rate 5% plus 5% buyer fee and the buyers are also liable to pay any revised VAT if revised by the Oman Tax Authority at the time of sale or invoicing, within 5 days of award notification. No refund shall be made under any circumstances and no adjustment shall be made on sold price for any reasons. • Successful Buyer shall make the full payment through wire transfer to the account details provided in the form of TAX invoice. Buyer shall only collect the sold items upon confirmation on receipt of full payment and obtaining a formal Bill of Sale and the clearance from the Seller. • Allowable duration of collection and to clear the yard with acceptable housekeeping – 20 Days from the permission to start. Collection to commence only after the entry permission is granted in writing. Buyer is not allowed to enter or allowed start removal without the presence of seller store representative. If the buyer exceeds the allotted time given for removal, seller has the authority to charge the buyer for the damages caused or levy additional fee for extended storage or the cost for any means necessary to clear the sold items and such actions can be taken at the sole discretion of the seller as necessary. • Sold items shall be lifted from Seller’s store (ex-works). Preparing the goods, demolition, Lifting, handling & Transportation of sold materials from Seller yard shall be in Buyer’s cost & scope. • Loadout: No loadout assistance available at Seller location. Buyer will be responsible for all fees, permits, incidental costs, food/accommodation, fuel and logistics associated with loadout. • It is buyer’s responsibility to obtain necessary permits from authorities for the transport of sold items as applicable. It is buyer’s responsibility to necessary permits and custom clearance for transport of these goods within and outside of Oman as applicable. • The Buyer shall arrange standard and good quality personal protective equipment (“PPE”) to all the personnel involved in collection including cover-all, safety boots, Goggles, hard hats, protective gloves etc. No personal will be allowed entry in to the seller premises without the mentioned PPE’s. • All the Buyer’s crew members involved in the material collection shall be legally permitted to perform work in Oman with valid visas and residence cards. Buyer shall be fully responsible and be accountable for any legal violation or consequences arises on the part of legality of manpower engaged by the buyer during the collection and removal. • It is the responsibility of the Buyer to completely remove the sold items as per sale (within the sale lot) and leave the Site clean from any waste or trash with acceptable level of housekeeping. • The collection of the sold item shall be within the company operating hours. No work will be permitted outside of the store working hours. • The Seller is not responsible for any loss or impact due to force majeure or due to any natural causes experienced by the Buyer during the sale & removal of sold goods.