By bidding for any item included in the sale - the bidder confirms that he accepts and is
bound by the following terms and conditions
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1. Bids must be sent to Ryncor Auctioneers, on or before
Friday, 28th November 2008
Bids must be sent by fax to
+27 (12) 546 8410 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
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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.
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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.
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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.
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5. Buyers will take full responsibility for the items as soon as final payment is received
by Ryncor Auctioneers.
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6. The purchase price shall be paid and secured by the purchaser as follows:
i) The purchaser shall lodge the tendered price, along with VAT applicable of 14% to the Auctioneers with the acceptance of the bid.
ii) The abovementioned payment to the Auctioneers shall be made to the following account:
Bank: ABSA
Branch: Pretoria North
Branch code: 509-145
Account Number: 4053081330
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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.
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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 10% of the bid amount from the buyer.
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9. 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.
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10. 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.
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11. The seller shall not be liable for any damage to the buyer’s property, resulting
from any flaw in the items.
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12. 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.
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13. The seller is solely responsible for the correctness and clarity of the details and descriptions
included in the catalogue.
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14. 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.
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15.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.
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16. 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.
17. Offers will not be considered/accepted unless ALL TERMS & CONDITIONS pages are fully signed.
18. All assets/items purchased does not include electrical supply cables.
19. The successful buyer to remove all successful items at own cost.
20. All removal to comply with Sasol SHE standard health and safety regulations.
21. Risk assesment plan to be completed and handed in for evaluation prior to dismanteling.
22. All pipes, pipe works, valves and cables - offer price per kilogram.
22 Removal of all pipes, pipe works, valves and cables will be as follows:
23.1 A deposit of R20 000,00 payable before removal which will be kept in RYNCOR'S
Trust account.
23.2 Once loaded, each load will be weighed at Sasol's weigh bridge.
23.3 Payment for the load to be done within 12 hours.
23.4 At completion of removal and loading the R20,000.00 deposit will be consolidated
and if applicable a refund will be made.
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Address:
P.O Box 911-2461
Rosslyn
0200
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