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RULES OF TENDER SALES

By bidding for any item included in the sale - the bidder confirms that he accepts and is bound by the following terms and condition.
1. Bids must be sent to Ryncor Auctioneers, on or 10 February & 17 February 2012.
Bids must be sent by fax to
086 696 5471 or +27 (12) 546 5590,

or by post to Ryncor Auctioneers,
PO Box 911-2461,
Rosslyn,
0200

or by e-mail to info@ryncor.com

2. The seller is the sole owner of these equipment. Ryncor Auctioneers acts as agent for on behalf of the seller and does not have any right title or interest in the ownership of these properties and does not accept any liability to any third party with regard to these properties.

3. A "tender sale" is a private treaty sale in which the seller reserves the right to refuse an offer at any time without any justification or explanation. The seller reserves the right to withdraw his equipment from the sale.

4. The seller reserves the right to withhold delivery of items to any successful bidder until full payment is received. Removal or dismantling of sold items must be made within 15 days, after receipt of final payment. Collection of the items will be subject to prior agreement with Ryncor Auctioneers.

5. Buyers will take full responsibility for the items as soon as final payment is received by Ryncor Auctioneers.

6. RYNCOR - The purchase price shall be paid and secured by the purchaser as follows:

i) The purchaser shall lodge the tendered price, plus 5% (ALL SASOL TENDERS) 10% (INDUSTRIAL MACHINERY & EQUIPMENT & OVERHEAD CRANES) buyers commission along with VAT applicable of 14% must be transferred to Ryncor's Bank Account

ii) The abovementioned payment to the Auctioneers shall be made to the following account: (NB: If payed by cheques, Bank or Personal, their will be a waiting period of 10 working days for the cheques to clear.)

Bank: ABSA
Branch: Pretoria North
Branch code: 509-145
Account Number: 4053081330


7. Foreign buyers will be refunded of the VAT after receipt of the original exportation documents properly stamped to prove that the export is carried out.

8. Should the purchaser fails to proceed to pay within the set time period or cancel his bid, Ryncor Auctioneers will be entitled to a penalty fee amounting to 20% of the bid amount from the buyer.

9. Once payment reflects in the Ryncor bank account, the Buyer will receive a release Note within 48 hours. He then has 5 working days to collect/remove his purchased goods from the premises. Failure to collect/remove his purchased goods within 5 working days will result in him being liable for a penalty equal to 10% of the purchased price per week. After one month from date of Release Note being issued, all goods will be sold on Tender Sale by Ryncor to recover costs. Any remaining proceeds from this sale will be reimbursed to the Buyer.

10. If it appears that an item cannot be delivered, totally or partially, by the seller, for any reason whatsoever, Ryncor Auctioneers will be authorized to declare the sale void, after which Ryncor Auctioneers and/or the seller will reimburse payments to the buyer but will not be liable to pay any damage to the buyer.

11. The items (complete and/or parts) are sold “as is, where is”, with no guarantee as regards to condition including any hidden flaw. In any event, the buyer will be deemed to have carefully inspected the items he purchases beforehand. The buyer will be deemed competent and to have been informed, before the closing date for biddings, of any error in the descriptions as well as any flaw or imperfection of the items.

12. The seller shall not be liable for any damage to the buyer’s property, resulting from any flaw in the items.

13. Dismantling and collection of the items sold will be entirely at the buyer’s cost and under his responsibility. Neither the seller nor Ryncor Auctioneers shall be liable to the buyer or any third party for additional cost due to any work necessary to collect the items out of the seller’s premises. The buyer shall be liable for any accident, damage to persons, to buildings or to the third party’s belongings during dismantling and collection. No responsibility whatsoever can be accepted with regards to quantity, quality, dimensions, and year of manufacture and completeness of the items as shown in the catalogue.

Note :
* Contact our office on telephone Pretoria-North: 012-546-8409/11, Meyerton: 016-365-6773/8, Sasolburg: 016-960-2992,
   Secunda: 017-610-1611 to get details of approved Suppliers.
* Only Sasol approved Suppliers will be allowed to perform the duty to dismantle, load and remove the Goods from the Sasol site.

*  Special Terms for Coal Crushing Plant:
1. Do induction generic and site specific training at the Syferfontein Mine.
2. Qualified artisans to be in control including riggers.
3. Risk assessment to be done and signed off by engineer – Kobie van Dyk.
4. Safety file to comply to Syferfontein requirements – John Montgomery is our contact person.
   Tel: 017-613-5368, Cell: 083 659 4886, Email: john.montgomery@sasol.com

* Only roadworthy and licensed vehicles will be allowed on Sasol's premises.
* No children, firearms or alcohol is allowed on the Sasol premises.
* You will not be allowed to load any Goods by means of a crane without the presence of a Rigger.
* The removal must be arranged in it's totality by the Buyer with no safety risk to Sasol and may not occur on a Friday.
* All goods may only be removed from Monday 7:30-15:00 till Friday 7:30-12:00 at Pretoria-North, Meyerton and Sasolburg.
   Secunda goods may only be removed from Monday till Thursday 7:30-14:00.

* Should you wish to make use of your own equipment (cranes etc), please ensure the operator has done his induction at Sasol and is
   approved by Sasol to operate on the Sasol premises. Such operator must have his license and all other applicable documentation with
   him on arrival at Sasol Secunda.


14. The seller is solely responsible for the correctness and clarity of the details and descriptions included in the catalogue.

15. Pictures of the items as shown in the sales catalogue or sales lists are provided for the sole purpose of better differentiation and under no circumstances do they represent properties or characteristics of the properties for sale.

16.The buyer declares to be duly entitled to sign and purchase the items on behalf of his company and agrees with the above-mentioned general conditions of sale by tender.

17. The above mentioned items will be sold as "VOETSTOOTS". The items are hereby sold to the BUYER as ("voetstoots") and RYNCOR does not guarantee in any manner the quality and usefulness of the items, except that when properly used it will not create a risk to health, nor shall RYNCOR be responsible for any defects latent or patent or any damage resulting there from, and the BUYER hereby agrees to accept the items as they are with all their faults.

The BUYER hereby, in terms of Section 10(4) of the Occupational Health and Safety Act, No 85 of 1993, undertakes in writing or by signing of a Letter of Award to take all the necessary steps to ensure, as far as it is reasonably practicable, that the items purchased will be used in a safe manner for what they are designed for and without risks to health when properly used. The undertaking shall have the effect of relieving RYNCOR the duty imposed upon him by this section 10(4) to such an extent as may be reasonable having regard to the terms of the undertaking.

The BUYER shall indemnify and keep RYNCOR indemnified against all losses for death or injury to its employees, its contractors and / or its contractors personnel and / or death or injury or damage to health to third parties or damage to any attributable to this sale transaction, and against all claims, demands, proceedings, costs, charges and expenses arising in connection with this sale agreement.

18. Offers will not be considered/accepted unless ALL TERMS & CONDITIONS pages are fully signed.

19. An additional administration fee of R750,00 will be charged on the sale of all vehicles.

20. When doing a site visit to view the Goods up for Tender Sale, the prospective Buyer must ensure he arranges to be booked in by a Sasol Shared Services Reclamation Yard (Secunda, Sasolburg) employee the day prior to his visit; can produce a bar coded ID document and wear correct PPE. The above arrangement goes for all people involved in dismantling, collection and transportation of Goods.

21. The Buyer hereby, in terms of Section 10(4) of the Occupational Health and Safety Act, No 85 of 1993, undertakes in writing or by signing of a Letter of Award to take all the necessary steps to ensure, as far as it is reasonably practical, that the items purchased will be used in a safe manner for what they are designed for and without risks to health when properly used. The undertaking shall have the effect of religuishing Ryncor Auctioneers the duty imposed upon him by this section 10(4) to such an extent as may be reasonable having regard to the terms of the undertaking.

22. The Buyer further undertakes to abide by all internal SHE prescriptions of the Seller (Company) inclusive of an Induction Course and all related requirements for the safe decommissioning, dismantling, upliftment/rigging, loading and transportation of the purchased commodities. Depending of the nature and size of the purchased item, a comprehensive Environmental Management Plan (EMP) could be required. (This aspect to be discussed by the prospective Buyer when submitting his bid)

23. The rules of this Tender Sale comply with section 45 of the Consumer Protection Act, 68 of 2008 ("the Act") and the regulations thereto. Any person attending the Tender Sale to bid on behalf of another person must produce a letter of authority wich meets the requirements of regulation 32(3) of the regulations to the Act. Any person bidding on behalf of a company must produce a letter of authority on the letterhead of the company as well as a certified copy of a resolution authorising him or her to bid. All persons intending to bid must register prior to the Tender Sale and must provide a copy of their identity documents and proof of residence.

(Click on the link to access / download a copy of the Consumer Protection Act) ----------> Click HERE!

24. The Buyer shall indemnify and keep Ryncor Auctioneers/Sasol Group Services (SSS) indemnified against all losses for death or injury to its employees, its contractors and / or its contractors personnel and / or death or injury or damage to health of third parties or damage to anything attributable to this sales transaction, and against all claims, demands, proceedings, costs, charges and expenses arising in connection with this sale agreement.

Important Notice :-
For the removal of equipment/structures/plant facilities from any Sasol BU/Plant or Mine area, the successful Bidder must enter into a Memorandum of Agreement with Sasol Group Services (SSS). All successful bidders for TV sets must furnish Ryncor with a copy of his/her valid TV license before the Release Note for removing the set will be issued !

Address:
P.O Box 911-2461
Rosslyn
0200

Telephone Numbers: 012 546 8409/11
Fax Numbers: 012 546 5590 / 086 696 5471
Cellphone Numbers: PRETORIA NORTH 082 578 5324 / MEYERTON 082 758 2248 / SECUNDA 079 716 1545 / SASOLBURG 072 959 8453
E-Mail: info@ryncor.com