KEY TERMS AND CONDITIONS

1.Auction timings:

Start Date to be confirmed.

End Date: Tuesday 12th November 2024 at 1:00pm (GMT) / 5:30pm (IST)

2.Documentation for Registration:

You are required to supply the following for registration:

(a)Passport or Driving Licence

(b)PAN Card Copy

(c)Copy of Cancelled Cheque (of Bank account from which EMD is deposited)

(d)GST Registration Certificate copy

The above documents with the proof of EMD payment to be emailed to gaurav.sharma@jcb.com or dv.haridasan@jcb.com, on receipt of documents and Bank confirmation of the EMD being received, you will be approved to bid. 

For all Domestic On-Site-Enquiries and to arrange viewing by appointment, excluding Saturday and Sunday, please email to gaurav.sharma@jcb.com or dv.haridasan@jcb.com along with the details of visiting team i.e. name(s), phone number, company name, date / time of visit planned, plant location, etc.

If you have been blocked by the Auctioneer or JCB India Limited in the past, your registration request will be rejected and your EMD will be refunded.

3.Ernest Money Deposit (EMD): Registration and Security Deposit (EMD) is required for you to be able to Bid. Upon receipt of the EMD you will be approved to bid and subject to you not being blacklisted in the past. Upon registration, the account details should be kept strictly confidential, and you must not permit any third party to use or access your account on your behalf or otherwise. You will be liable and accountable to all the bids made via your account. You should ensure that you have provided all information as is required for registration, and further warrant that all such information is accurate, true, current and complete in all regards. You shall always maintain the accuracy of your account information and ensure that the information is correct and accurate. 

An EMD of £3,000 GBP Sterling is required from all Global Bidders. An EMD of 300,000 INR is required from all Domestic Bidders. Once your EMD has been received, you will be approved to be able to Bid in the Sale. You will not be eligible to Bid without a Deposit being received by JCB India Limited, so please allow time for the Bank Transfer.

PLEASE CLEARLY STATE YOUR INDIVIDUAL OR COMPANY NAME ON THE BANK REFERENCE TOGETHER WITH THE REFERENCE ‘AUCTION’

Account Name : JCB Power Products India Pvt Ltd

Bank Name : Barclays Bank PLC

Bank Account Number : 000004066593

MICR Code of Bank : 110658002

IFSC Code : BARC0INBBIR

SWIFT Code : BARCINBBMUM

4.Online Auction Process:  

 Lots with the minimum price achieved will display ‘Reserve met’.

Lots with the minimum price not achieved will display ‘Reserve not met’.

During the last 5 minutes of the sale each Lot is subject to a 5-minute time extension each time a Bid is placed. If you are outbid, you will receive an email notification to increase your bid.

Each intending bidder must register online and at this point will be issued with a bidders’ number. 

5.Bidding Currency and exchange ratio:  1GBP Sterling = 105 INR 

6.Viewing: Monday 28th Oct - Friday 8th Nov 2024  (on working days) By Appointment 10am - 4pm Local Time

(a)Location: Please note that  Viewing is strictly by appointment only.

i.    JCB India, 23/7 Mathura Road, Ballabgarh, Delhi.

ii.    JCB India, Talegaon Dabhade, Pune.

(b)Timings and dates:28th Oct - 8th Nov 2024 (on working days), 10am - 4pm By Appointment (Local Time).

(c) Bidders must report to JCB Security when viewing. Bidders are advised to inspect any Lot for which they intend to bid and inspect the documents for each Lot to determine what documents are available for such Lot. All bidders attending onsite are required to comply with Health and Safety regulations including those pertaining to COVID 19.

(d)The terms of viewing shall always, be subject to respective guidelines and notifications issued by the Central, State and the local government bodies, related to Covid-19 and as applicable, from time to time. Though, JCB India is and will take all precautions in line with the governmental guidelines/directions/orders on COVID-19, it is clarified that there exists an inherent risk of exposure to Covid-19 in any public place where people are present and by visiting JCB India, the bidder voluntarily assumes all risks related to exposure to Covid-19.

7.Shipping Enquiries: Vikram Katre at 20 Cube Logistics, Gurgaon, India - 00 91 124 4412230.

8.Collection of Lots: collection strictly by appointment only by no later than 1pm on Tuesday 26th November 2024. Ex-Works collections from relevant location. Buyer is responsible for the removal and transportation of Lots purchased in Auction from their respective location. Purchaser is responsible for all onward shipping costs/taxation/export duties.

9.System requirement: You can use a PC, Mac Tablet or smartphone, if you are using Internet explorer it must be IE9 or above. If applicable for Live Internet Sales - to listen to live audio, you will need Adobe flash player. Your system should be up to date with the latest updates from Microsoft, Apple or your operating system vendor. Adobe reader is required for PDF report.

10.Other Key Conditions: For other key conditions for participating in the auction, please visit https://ams.uk/pages/terms.html. The terms contained therein are deemed part of this auction and is applicable to every participant in the auction.