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Fire, Smoke & Water Affected Yarn Reels and Miscellaneous part of repairable machinery Motor, Panel, Rotter, Drive etc.

Location : Panipat,Haryana
Quantity : 1 Lot
Product Specifications
Condition : Fire & Water Affected
Description : S No Material Description Approx. Quantity 1 Water & Smoke affected Yarn Reels 5000 pcs 2 Fire affected Yarn Reels 119000 pcs 3 Water affected Yarn Reels 11000 pcs 4 Miscellaneous part of repairable machinery Motor, Panel, Rotter, Drive etc. Lump sump
Product Pricing
Starting Price : 715000 per Lot
Minimum Increment : 1000 per Lot
CMD Amount : 100000
Contact Person Details
Name : Arvind Singh
Contact : 7017254497
Terms & Conditions
Instructions for the Participants: - 1. Bidders are requested to fill up the Registration Form Completely and attach the same with EMD (Earnest Money Deposit) at the auctioneer’s/seller’s address before the last date along with the self-attested copies of the required documents. 2. Participation and bidding shall be treated as conclusive evidence of the fact that the bidder has inspected the Auctioned Property and the documents pertaining to it and is satisfied in all respects regarding quantity, quality, condition of the Tender property, taxes and duties, and other extraneous factors and the Principle of Caveat Emptor (let the buyer beware) will apply. It shall also imply that the bidder has carefully gone through and understood the terms and conditions of e-Auction including the amendments if any, prevailing at the time of e-Auction. Seller or any entity associated with the salvage process will not entertain any complaints or objections once event is completed. 3. EMD we have asked here is only the security money to participate. On approval, the EMD required will be calculated @ 10% based on the total bid value for the estimated quantity and balance amount of EMD will need to be paid by the successful bidder to Salvage Bids within 5 days of date of auction. We will keep this EMD amount with us and will adjust/transfer directly to the Seller after final lifting and initial EMD of second & third highest bidder will remain with us for 15 working days and he may be asked to honor the deal in that time at his bid amount. Second buyer will have to honor the deal at his bid amount and if he refuses to proceed with his bid, his EMD will also stands forfeited and the H3 will be asked to honor the deal. 4. EMD’s of other bidders will be returned in 7 working days after completion of the bidding event. EMD will not attract any interest. 5. Bidders (H 1, H2 & H3) bid should be valid for at least 20 days. 6. Seller does not give warranty or guarantee of the quality, quantity, measurement, condition Chemical composition of each individual item/s or lot/s that form the auction / tender property and about its “End Use” or fitness for a particular purpose. Sale is on “AS IS WHERE BASIS” and “NO COMPLAINT BASIS” 7. The highest bidder/offer does not get any right to demand acceptance of his offer. SELLER reserves the right to accept/ reject/ cancel any bid, withdraw any portion of the Auction Property at any stage from Auction even after acceptance of bid/ issue of delivery order or release order/ deposit of full value by successful bidder without assigning any reason thereof. In the event of total rejection/ cancellation/ withdrawal, SELLER, shall refund the value of Auction Property, if paid for, to the successful bidder. SELLER shall not be responsible for any damages/loss whatsoever to the successful bidder on account of such withdrawal. 8. Lifting will be carried out as per the instructions given by the Seller (like more damage material will lift first). Materials must be removed (after making balance payment with GST and TCS (if any) on or before due date, failing which the contract will automatically stand terminated and the Earnest Money Deposit will stand forfeited for the breach of contract by the purchaser. 9. Purchasers are requested to follow the all safety rules given by the seller at the time of lifting. 10. In the event of failure on the part of the successful bidder to fulfill his contractual obligations, seller reserves the right to debar such bidder from participating in any future auction conducted on behalf of seller. 11. The bidder shall have no right to withdraw, modify or question the sale after submitting a bid, by reason of any mis-description, error, defect or any other reason whatsoever. 12. If the bidder/purchaser wishes to take delivery of the goods through his authorized representative, he must authorize such person by letter of authority which shall be signed by the person who has signed the auction form. The Seller may however refuse Authority Stamp & Signature to accept or recognize the letter of authority and refuse to deliver to anyone other than the purchaser. However, in case of delivery to authorized representative, the Seller shall not thereafter be responsible to the bidder/purchaser for any loss or damage to the goods and no claim shall lie against the Seller even in case of any delivery to a wrong person. However, all documents including Delivery Challan, gate pass etc. shall be only in the name of the Tenderer/purchaser and not any authorized representative. 13. All notices and communication shall be deemed to have received by a bidder if posted or emailed to the address given in the tender. 14. The purchaser/tenderer/bidder/seller/insured shall in no case have any claim /dispute/rights against the insurers/surveyors or any other person and the entire exercise of tendering /disposal, etc. is directly between the seller / insured and the tenderer/bidder/buyer. 15. This Sale shall be subject to the exclusive jurisdiction of Delhi Courts only. Note: e-Auctioneer’s reserves the right to restart the e-Auction at any stage in case of IT/ Server Breakdown or any kind of technical fault/failure related to web portal or any other reason i.e. Biding Instructions:- 1. All participants are requested to kindly make their selves registered on our website i.e. to participate in the bidding event before/on last date of submission. 2. To get qualify for the e-Auction, kindly provide the dully filled e-Auction form along with the required documents and EMD, login on our website and place bid request for the subject salvage. 3. After getting clarification on your submitted documents and the EMD, we will activate you for the e-Auction and you will be able to place bid. 4. During the bidding if anybody placed a successful bid in last one minute, the ongoing bidding event will automatically increase by three minutes. Terms & Conditions of the e-Auction:- 1. After the Result Declaration, successful bidder gets the sale order (if approved by the seller in consultation with the insurers). 2. On receipt of the sale order, successful bidder shall submit complete amount other than EMD within 10 working days. The EMD shall always be retained till the last lifting and each lifting will be only after full payment. 3. Successful bidder shall lift the complete salvage consignment within 15 working days of against advance payment. Falling which his all the deposited money along with EMD stands forfeited. Payment Terms: - 1. All charges incidental to loading and lifting of material such as loading, lifting, transportation etc. will be borne by the purchaser. 2. In case if the EMD of highest bidder is less than 10% of his bid value, he has to complete the 10% of his bid value in addition to the EMD of participation as a security deposit within 5 days. Authority Stamp & Signature 3. Bids are Inclusive of taxes and duties: Liability of The Salvage Bids/Surveyor/Insurers: - The Salvage Bids is an Auction Firm and we are just providing platform to the sellers to sell their material. ‘The Salvage Bids/surveyor/Insurance company’ is not the actual seller so takes no responsibility of whatsoever including quantity/quality/documentations of the material on sale and hence will not be liable for any loss for the Seller or the Buyer by business, revenues, profit, costs, direct and incidental, consequential or punitive, damages of any claim. Buyer agrees to have discussed all the related matter regarding any transactions and have understood in full that we provide sources of supply or enquiries / leads for supply and has nothing to do any further especially with regards to quality, quantity, warranty, guarantees, delivery schedules, payments, rejections, transportation, legal laws and regulations to be followed from time to time.