1
SPECIAL CONDITIONS OF SALE
Seller:
On the Instructions of the Administrators of Joseph Rhodes Limited and Slater and
Crabtree Limited
Location:
Joseph Rhodes Limited, Elm Tree Street, Wakefield, WF1 5EQ and
Slater and Crabtree Limited, Thornes Lane, Wakefield, WF1 5RW
Map:
Timed Online
Auction Sale:
Viewing Day:
Tuesday 14
th
November 2017 between 9:30am and 4:00pm
Online Bidding Closes:
Wednesday 15
th
November 2017 at xxx
(Subject to 3 minute rule)
Viewing:
Tuesday 14
th
November 2017
Access to the Locations are allowed on the understanding that viewers attend the
Location entirely at their own risk and are responsible for and will indemnify the Seller
and the Company against any losses damage or claims occasioned by their presence
at the Location.
Children under the age of 16 will not be allowed access to the Locations.
Registrations:
All bidders must register their name and address with the Company.
Overseas Buyers: When registering overseas buyers must also provide:-
•
Passport details;
•
other confirmation of their identity and address, eg drivers licence;
•
full bank details.
VAT:
VAT will be charged at the current rate of 20% and will be added to all auction bids.
Buyers Premium:
The buyer will pay to the auctioneer a premium of 15% on the “hammer price” to which
will be added Value Added Tax at the current rate. The premium is not negotiable and
is payable by all buyers. The auctioneer, when acting as agent for the seller, may also
receive commission from the seller.
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Payment:
All monies must be paid in accordance with the terms and conditions.
Lots may only be collected upon receipt of cleared funds:
Telegraphic Transfer - Bank details for telegraphic transfer:
Account: Richmond Advisory Limited
Bank: Barclays Bank Plc, Albion Street, Leeds
Sort Code: 20-48-42
Account Number: 50569615
Cash -
In view of Money Laundering Regulations the Company reserves the right
to refuse payment in cash. Payments in cash of more than £7000 will not, in any
circumstances, be accepted.
Bankers Draft : made payable to Richmond Advisory Limited
Cheques: cheques will only be accepted on the basis that seven working days are
required for cleared funds before any Lots are removed. Cheques over the limit of a
cheque guarantee card will only be accepted for immediate clearance of Lots if they
are supported by a banker’s reference.
Banker’s references: Banker’s references are only acceptable if they are original top
copies correctly dated and addressed to Richmond Advisory Limited referring
specifically to the sale in question and the Buyer and are in the form specified or
previously approved by the Company.
Special Notes and Requirements:
- All payments are to be sent by CHAPS transfer by no later than
Friday 17
th
November 2017.
-
Removal will be strictly on an appointment basis and removal must
be completed no later than 4pm on Friday 22
nd
December 2017.
-
It is the purchasers responsibility to ensure he/she has the required
transport and packaging in order to undertake clearance of lots
efficiently and adequately in accordance with the Auctioneers
requirements.
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EXAMPLE OF ACCEPTABLE BANK REFERENCE
BANK LETTERHEAD
CUSTOMERS ADDRESS
Dear Sir/Madam
REF: (INSERT NAME OF TENDER SALE)
This letter is to confirm that our above customer can issue a cheque up to the amount of £
(insert amount), and that it will be honored by the bank.
Yours faithfully
(print name _____________________)
Deposits:
The Company reserves the right to request a deposit to be paid.
Clearance:
All stock lots must be cleared without fail no later than 22
nd
December 2017 by
4pm.
Clearance of all lots must be undertaken in accordance with current Health & Safety
at Work Regulations and Construction Design & Management Regulations. The
Buyer may have to provide a “method statement” and/or “risk assessment” approved
by the Company prior to the removal of any lots. The Company reserve the right to
halt clearance if it is being carried out in an unsafe manner or without an approved
“method statement” and/or “risk assessment”.
Electrical disconnections from the mains supply are the responsibility of the Buyer
and
MUST be carried out by an approved electrician.
Any fluids and/or waste remaining in plant and machinery are the responsibility of the
Buyer and
MUST be removed from the Location strictly in accordance with Control of
Substances Hazardous to Health Regulations.
Reserve
Removal:
Lots sold subject to a reserve removal will either be indicated in the catalogue with
the date of availability or will be identified by the Auctioneer at the point of sale. A
25% deposit will be required as with other lots but in this instance payment in full can
be left until 5 working days prior to availability. Unless specified to the contrary such
lots must be removed from site not later than the date and time specified for final
removal in these Special Conditions of Sale.