Condition Of Sale
1. DEFINITIONS
1.1 In these conditions the following terms
have the following meanings, unless inconsistent with the
context.
‘Auctioneers’ means Cheffins of Clifton House,1-2 Clifton Road,
Cambridge, CB1 7EA.
‘Commission’ means the commission charged on the sale of
Lots in accordance with Clause 2 below.
‘Conditions’ means the standard terms
and conditions of business set out in this document.
‘Lots’ means all
machinery and all other items sold or intended to be sold in accordance with
these Conditions.
‘Purchaser’ means a person, firm or company who purchases
lots.
‘Vendor’ means any person, firm or company who puts forward lots
intended to be sold at the Sale.
‘Sale Day’ means the day fixed by the
Auctioneers for an auction and where the context so requires means the day fixed
for the auction in which a particular lot is entered.
‘Reserve Price’ means
the minimum price fixed by either the Auctioneers or the Vendor at which Lots
are to be sold at the Sale.
1.2 Except where the context otherwise
requires words denoting the singular include the plural and vice versa; words
denoting one gender include all genders; words denoting persons include
corporations and vice versa.
2. COMMISSION AND ENTRY FEES
2.1 The Vendor shall pay commission to the Auctioneers as follows:
Class
1 – Steam Engines, Tractors & Commercial Vehicles 7.5% (plus VAT) on the
first £5,000 and thereafter 5% (plus VAT) plus an Entry Fee of £10 (plus VAT) on
each lot.
Class 2 – Motorcycles 7.5% (plus VAT) plus an Entry Fee of £40
(plus VAT) on each lot.
Class 3 – Automobilia 10% (plus VAT) plus an Entry
Fee of £5 (plus VAT) on each lot.
Class 4 – Bygones and all other items 10%
(plus VAT) plus an Entry fee of £2 (plus VAT) on each lot.
2.2 Commission at
the rate specified in Clause 2.1 above together with Entry Fees as specified
shall be payable by the Vendor on all Lots sold privately at the Sale.
2.3
Entry Fees for Lots entered and which are substituted for another Lot will be
charged at double the Entry fee referred to in Clause 2.1 above.
3.
ENTRY OF LOTS FOR SALE
3.1 All goods must be delivered in accordance
with instructions sent to the vendor prior to the sale. All entries for sale are
accepted on our Standard Terms and Conditions of Business. Lot number labels
will be forwarded for items accepted into the Sale.
3.2 No entries can be
accepted on the day of the sale unless agreed by the Auctioneers.
3.3 All
reserve prices must be set out in writing and handed to the auctoneers’ office
48 hours previous to the sale otherwise no responsibility can be accepted by the
Auctioneers for errors in respect of Reserve Prices.
3.4 All Lots brought to
the Sale must be offered for sale by auction and must not be sold privately
before the Sale. In the event that any private transactions take place following
a sale whilst the Lots remain in the Saleground they must be notified to the
Auctioneers. Such transactions will be treated as a sale of the Lots by the
Auctioneers and these conditions will apply.
3.5 If a Lot remains unsold
following the sale for which it has been entered and remains on the Saleground
the Auctioneers reserve the right to sell such a Lot at the Reserve Price
without further consultation with the Vendor.
4. WITHDRAWN
LOTS
The Vendor may not withdraw the Lot from the sale without the
Auctioneers’ consent. If a vendor withdraws the Lot, the Auctioneers reserve the
right to charge a fee equal to 10% (plus VAT) of the reserve price or £20 (plus
VAT) whichever is greater, unless notified prior to the sale of alternative
charges.
5. VAT
5.1 VAT at the standard rate will be
added to items identified in the catalogue of sale by an asterisk as being
subject to VAT.
5.2 The Auctioneers MAY elect to operate the Auctioneer’s
Margin Scheme for lots entered by Non VAT Registered Vendors. In this
circumstance, the Vendor shall enter the goods on the entry form, clearly
stating that they are eligible to be sold under the respective
scheme.
6. RESERVE PRICE & BIDDING
6.1 The
auctioneers and/or the vendor reserve the right to fix a Reserve Price for any
lot and withdraw that lot in the event that the highest bid price does not meet
the reserve price.
6.2 The vendor may bid for any Lot either personally or
through the auctioneers or through any other person and may withdraw any Lot any
time before the sale of such a Lot.
6.3 The Auctioneers may without giving
any reason refuse to accept the bidding of any person. In the case of a dispute
as to any bid, the Auctioneers may forthwith determine the dispute or put up the
Lot again at the last undisputed bid or withdraw the Lot.
6.4 No person may
advance less at a bid than a sum to be named from time to time by The
Auctioneers nor be allowed to retract a bid.
6.5 The highest bidder for each
Lot shall be the Purchaser of that Lot.
7. AUCTIONEERS AS AGENT FOR
VENDOR
7.1 The Auctioneers sell as Agent for the Vendor and as such
are not responsible for any default by the Vendor or Purchaser.
7.2 In the
event that a Purchaser fails to pay the purchase price for the Lot in accordance
with these Conditions and the Auctioneers have previously advanced to the Vendor
of such Lot an amount representing such purchase price the Vendor shall
forthwith at the request of the Auctioneers assign all and any of his rights
against the Purchaser in respect of the unpaid purchase price to the Auctioneers
and shall execute such documents as may be required by the Auctioneers to give
effect to such an assignment and further, shall give reasonable co-operation to
the Auctioneers in any action, claim or proceeding brought or threatened by the
Auctioneers against the Purchaser.
8. RISK
8.1 All Lots
remain at the Vendor’s risk until sold and following such sale shall be at the
Purchaser’s risk.
8.2 The Purchaser is on risk once the hammer falls and is
strongly advised to effect insurance at once. Upon the fall of the hammer, the
Purchaser shall assume all risks in and relating to such lots. The Purchaser is
advised to effect in respect of all such risks arising thereafter any insurance
it may consider necessary. The duty of the Auctioneers and/or the vendor to
deliver lots shall be deemed performed upon the fall of the hammer even if a lot
is subsequently and/or part thereof has been lost.
9. CONFIRMATION OF
OWNERSHIP
The vendor warrants to the Auctioneers and to the
Purchaser:-
9.1 That he is the true owner of the Lot or is properly
authorised to sell the Lot by the true owner.
9.2 Is able to transfer a good
and marketable title to the lot free from any third party claims liens and
encumbrances and that all entries on the entry form are correct.
9.3 That no
Lot is subject to any hire purchase, lease, contract hire agreement or any other
finance agreement or contract.
9.4 That the auctioneers have been notified in
writing if any of the items on this form, or any continuation form, have been
recorded by any insurance company as a write off or having been subject to a
major insurance claim.
10. REMOVAL OF LOTS FROM THE
SALE
10.1 All lots whether sold or unsold may not be removed from
the Saleground without a pass for the removal of Lots. Passes can be obtained
from the Auctioneers’ offices. All Lots must be checked out by the
security.
10.2 All lots purchased must be cleared from the Saleground on the
day of sale unless otherwise stated in the catalogue. Failure to remove Lots
within the specified time will result in storage charges of £5/Lot per day (plus
VAT) payable on collection.
10.3 Any Lot which (without the express written
consent of the auctioneers) has not been collected within 2 calendar months from
the day on which it was sold or last offered for sale will be deemed to be
abandoned and the Auctioneers will be entitled to dispose of such abandoned Lots
at their unfettered discretion. For the avoidance of doubt, any monies arising
from such disposal(s) will be paid to and retained by the
auctioneers.
11. EXCLUSION OF LIABILITY
11.1 The
auctioneers shall not be liable for any expense, loss, claim or proceedings in
any respect of any loss or damage whatsoever, to any property real or personal
(including all lots) whether incurred before, during or after the sale.
11.2
The Auctioneers shall not be liable for any expense, loss, claim or proceedings
in any respect of personal injury to or death of any persons arising out of or
in the course of or caused by the Sale, except to the extent that the same is
due to the negligence of the Auctioneers, their servants or
agents.
12. DETAILS OF PURCHASERS AND PAYMENT
12.1 All
purchasers are required to Register for a bidding number before the auction at
the Auctioneers’ office.
12.2 All lots must be paid for on the day of the
sale by the Purchaser.
12.3 Any interest earned on client’s monies will be
retained by the auctioneers.
13. INSPECTION OF GOODS
13.1
All lots are sold with all faults and errors of description. Purchasers should
satisfy themselves prior to sale of the Lot as to the condition of each Lot and
should exercise and rely on their own judgement as to whether the Lot accords
with its description. Neither the Auctioneers, their servants or agents are
responsible for errors of description or for the genuineness or authenticity of
any Lot; unless otherwise stated no warranty is given by the Auctioneers, their
servants or agents or by any Vendor to any Purchaser in respect of any Lot and
any express or implied conditions or warranties are excluded to the fullest
extent permitted by law.
13.2 The Auctioneers may at their discretion or upon
the instruction of the Vendor alter or withdraw all or any lots referred to in
the auction catalogue up to the moment at which the hammer falls in relation to
such lot(s).
14. AUCTIONEERS’ RIGHT TO ANNUL SALES
In the
event of any dispute or refusal to pay or of non-payment on the part of the
Purchaser, the Auctioneers may, entirely at their discretion, annul and cancel
the sale of such lot or lots.
15. RESERVATION OF
TITLE
15.1 If the Auctioneers allow the Purchaser to remove the Lot
from the Saleground before the Purchaser has made full payment for the Lot then
title to the Lot shall remain vested in the Vendor.
15.2 If the Auctioneers
pay the Vendor the price of the Lot before the Purchaser has paid the price to
the Auctioneers, title to the Lot shall pass from Vendor to the Auctioneers and
shall remain with the Auctioneers until full payment has been made by the
Purchaser to the Auctioneers, when title shall pass to the Purchaser.
15.3
Notwithstanding that the title has not passed to the Purchaser all risk of
damage to the Lot shall pass to the Purchaser immediately upon sale (the fall of
the hammer).
15.4 The Purchaser shall until payment has been made in full
keep the Lot in good marketable condition and readily identified and shall
indemnify the Vendor or the Auctioneers as the case may be for any
damage.
15.5 In the event of any sale by the Purchaser of a Lot before full
payment has been made the Purchaser shall hold the proceeds of such sale on
trust for the Vendor or the Auctioneer (as the case may be) and shall pay such
proceeds into a separate identifiable bank account.
15.6 At any time before
the title to the Lot has passed to the Purchaser, the Vendors or the Auctioneers
(as the case may be) including the Auctioneers acting as agents for the Vendor,
shall have the right to enter upon the Purchasers property for the purpose of
recovering the Lot.
16. COMPLIANCE WITH ROAD TRAFFIC
ACTS
The Purchaser of any vehicle or trailer is responsible for
complying with all legal requirements as to the construction and the use of such
vehicle or trailer and for obtaining all certificates, permits or other
authorisations necessary before such vehicle or trailer can be used on the
road.
17. HEALTH AND SAFETY AT WORK ACT 1974 AND ALL OTHER ACTS AND
REGULATIONS APPLICABLE TO FARM SAFETY
The Purchaser of any lot is
responsible for complying with all legal requirements as to the safe use of lots
purchased at the Sale and shall ensure compliance with all relevant legislation
relating to the safe use of such lots.
18. TRADES DESCRIPTIONS ACT
1968
The vendor is reminded that under the terms of the Trades
Descriptions Act 1968 the Vendor of any Lot to which a false description is
applied may be guilty of a criminal offence punishable by fine or
imprisonment.
19. GOVERNING LAW AND JURISDICTION
For the
avoidance of doubt all contracts entered into between the Purchaser and Vendor
and between either of them and the Auctioneers on the basis of these standard
terms and conditions of business are governed by the laws of England and Wales
and the parties hereby submit to the non-exclusive jurisdiction of the English
Courts.
GENERAL CONDITIONS
CHEFFINS
Clifton House, 1 & 2
Clifton Road, Cambridge CB1 7EA
Tel: 01223 213777 Fax: 01223 271960
www.cheffins.co.uk
June 2005