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Terms

Rules of the auction - please refer to the relevant page (LIVE AUCTION LIST and RULES).

Rules of a tender and sale:

By bidding for any item included in the sale - the bidder confirms that he accepts and is bound by the following terms and conditions.

Bids must be sent to Ryncor Auctioneers, on or before 05 June 2015 at 12:00 pm.
Bids must be sent by fax: 086 696 5471 / 086 558 4185 /086 558 5030,

or by email to info@ryncor.com. Tenders can also be placed in a tender box situated at the Pretoria / Secunda / Sasolburg / Meyerton offices, or sent by post to Ryncor Auctioneers,
PO Box 911-2461,
Rosslyn,
0200

Important notice: the bidder is responsible to ensure/confirm, that all bids submitted electronically / by post / by fax / hand delivered in tender box, have actually been received by Ryncor for inclusion in the tender sale process!

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

3. A “tender sale” is a private agreement in which the seller reserves the right to refuse an offer at any time without any justification or explanation. The seller also reserves the right to merge or split certain lots and to withdraw items from the sale.
* Ryncor Auctioneers reserves the right not to accept the highest bid or any other bid!

4. The seller reserves the right to withhold delivery of items to any successful bidder until full payment is received.

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

6. After awarding the winning bid(s), the purchase price plus 5% buyers commission for all Sasol tenders, 10% Buyers commission for all other tenders, as well as VAT applicable of 14%, must be transferred within 48 hours into Ryncor Auctioneer's bank account:

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

Please state your reference number (example: Ten 001) as shown on the Pro-forma invoice on all payments made to this account and fax proof of payment to 086 696 5471 / 086 558 4185 /086 558 5030. All cash deposits into this account are subject to a "cash deposit fee" of R1.60 per R100.00.

6.1 If invoices are being paid by cheque or bank guarantee cheque, there will be a 10 day waiting period before the collection of the items can proceed.

6.2 A fully *refundable registration fee of R5 000 is mandatory to qualify the prospective buyer to participate in any *vehicle tender sale activity.

Bank: ABSA
Branch: Pretoria North only refundable fees into this account!!
Branch code: 509-145
Account Number: 4066462915
(*Please use the company name or tenderers name as reference number* Strictly EFT payments will be acceptable for the registration fee!!!)

Unsuccessful bidders will be notified and refunded after the closing date of the tender sale. The successful bidder will be notified within 24 hours after adjudication of the tender sale by our client. The deposit will then go towards the final amount due by the successful bidder or the purchase of the awarded bid.

*Note: if the successful bidder fails to fully pay for the purchase within five (5) working days after being awarded the lot, the deposit will be forfeited as a penalty to cover Ryncor's expenses!!I In terms of the Ryncor standard terms and conditions, Ryncor hereby officially inform you that should the registration fee not be paid by latest on the tender sale closing date, your bid will be disqualified and will not be considered for the commodities you have submitted bids for! Tender documents are processed every Monday after the closing date of the tender sale, and non-payment/receipt of the registration fee will automatically disqualify the bidder! Please make every effort to adhere to this rule to avoid any disappointment.

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

8. Should the buyer fail to proceed to pay in full within 48 hours or cancel his bid, Ryncor auctioneers will be entitled to a penalty fee amounting to 20% of the bid amount from the Buyer, and forfeiting the R5 000 registration fee, as compensation for admin costs. If the payment of the penalty fee is not forthcoming, the buyers name will be added to the Ryncor defaulters list.

Important Notice:
If financing is arranged through a financial institution, it must be noted that the required evaluation/approval/inspection of the commodity being purchased from Sasol, be done beforehand and on site at the Sasol RMM office. No commodity will be allowed to leave Sasol's premises until paid in full!

9. Once payment reflects in the Ryncor bank account, the buyer will receive a release note within 48 hours. The buyer then has ten (10) working days after the payment date to collect/remove his purchased goods from the premises. Failure to collect/remove the purchased items/vehicles within ten (10) working days will result in the items/vehicles being sold on a new tender sale, to recover admin/storage fees. Any remaining proceeds from this sale will be reimbursed to the buyer. Collection should be arranged with the site a day in advance to allow arrangements for booking at security collection times and days:

* Monday to Thursday 7am to 3pm; however arrival times for large items involving cranes and major loading procedures is NOT later than 1pm.
* Late arrivals will not be accommodated and turned away
* No collections on Fridays


10. If it appears that an item cannot be delivered, totally or partially by the seller for any reason whatsoever, Ryncor Auctioneers will be authorised to declare the sale as valueless and void, after which Ryncor Auctioneers and/or the seller will reimburse payments to the buyer, but will not be liable to pay any damages 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 flaws. In any event, the buyer will be deemed to have carefully inspected the items he purchases beforehand. The buyer will be deemed competent and have to been informed before the closing date for biddings of any error in the descriptions, as well as any flaws or imperfections of the items.

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

13. Collection/dismantling 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 costs due to the removal of the items/vehicle(s) from the Sasol premises. The buyer shall be liable for any accident, damage to persons, to buildings or to third party’s property during dismantling and/or collection. No responsibility whatsoever can be accepted with regards to the condition, description, quality, dimensions, and year of manufacture and completeness of the items as shown in the catalogue.

Note:
* Contact our Pretoria-North office on telephone: 012-546-8409/11, the Meyerton office at: 016-365-6773/8, the Sasolburg office at: 016-960-2992, and the Secunda office at:  017-610-1606 to get details of Sasol approved contractors.
* Only roadworthy and licensed vehicles will be allowed on Sasol's premises.
* No children, firearms, or alcohol are allowed on the Sasol premises.
* An ID is required and relevant safety equipment such as safety shoes etc.
* No cameras or cellphone's or photos of any kind are allowed on the Sasol premises.
* The removal must be arranged in its totality by the buyer with no safety risk to Sasol.
* Goods may only be removed from Monday to Thursday from 7:30 - 15:00, and on Fridays from 7:30 - 12:00 at the Pretoria-North and Meyerton offices.
* Goods at the Secunda and Sasolburg offices may only be removed from Monday to Thursday from 7:30 - 14:00.

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

15. Pictures of the items shown in the tender sale documents/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 items for sale.

Important Notice:
The bidder is responsible to ensure/confirm that all bids submitted electronically/by post/by fax/hand delivered in the tender box have actually been received by Ryncor, for inclusion in the tender sale process!

Address:
P.O Box 911-2461
Rosslyn
0200

Telephone numbers: Pretoria North 012 546 8409/11 | Meyerton 016 365 6773/8 | Secunda 017 610 1606 / Sasolburg 016 960 2992
Fax numbers: 012 546 5590 / 086 696 5471 / 012 546 8410 / 086 558 4185 / 086 558 5030
Cellphone numbers: Pretoria North 082 578 5324 / Meyerton 072 959 8453 / Secunda 079 716 1545 / Sasolburg 072 959 8453
E-Mail: info@ryncor.com