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N Timed Online Loose Asset Open Box Auction N TIMED ONLINE LOOSE ASSET O OPEN BOX AUCTION I BUYERS GUIDE T BIDS OPEN: MONDAY, 15 FEBRUARY @ 09:30 BIDS CLOSE: WEDNESDAY, 17 C FEBRUARY FROM 09:30 18 SACKS CIRCLE U BELLVILLE SOUTH 021 534 4446 A www.aucor.com SPECIAL TERMS AND CONDITIONS FOR THE AUCTION SALE MONDAY, 15 FEBRUARY 2021 @ 09:30 - WEDNESDAY, 17 FEBRUARY 2021 FROM 09:30 VIEWING: TUESDAY, 16 FEBRUARY 2021 FROM 09:00 TO 16:00 – BY APPOINTMENT ONLY AUCTIONEER: TIMED ONLINE An open box item could be incomplete, damaged, or used and has not been checked or tested for functionality. These items may have been out of the box and put back in. This is an open box auction. 1. DEPOSIT R5 000,00 (Five Thousand Rand) refundable deposit and Identity Document upon registration by CREDIT CARD (Master / Visa Only) OR EFT. No gift cards will be accepted. Cash payments are to be paid directly into Aucor’s bank account. Buyers must present printed proof of payments made by EFT, internet banking payment or any other form of electronic payment including cash deposits. Payments must reflect in Aucor’s bank account. Buyers being financed must produce an irrevocable letter of credit prior to bidding. NO CASH will be accepted on site. Balance of payment is strictly by EFT only. KINDLY NOTE THAT WE REQUIRE 5-7 WORKING DAYS FOR ALL REFUNDS TO BE PROCESSED. BANKING DETAILS: Bank: FIRST NATIONAL BANK Acc No.: 62495543780 Code: 250655 Reference: Surname and Initials and/or Company Name A 2% cash handling fee will be charged on all cash payments. (All cash to be paid into Aucor’s bank account) NO RECEIPTS WILL BE ISSUED UNLESS THE PAYMENT REFLECTS IN AUCOR’S BANK ACCOUNT. 2. VAT VAT of 15% will be charged on all items. However, all bids exclude VAT, which will be added to the buyer’s invoice. The buyer pays the VAT. 3. PAYMENT All purchases are to be paid in full by 15:00 on Thursday, 18 February 2021, strictly by EFT only. No credit/debit card payments will be accepted for auction purchases. No gift cards will be accepted for auction purchases. (NO CASH WILL BE ACCEPTED ON SITE). If a sale is cancelled after the lot has been knocked down, the registration deposit fee will be forfeited & the buyer will be held liable for the balance of the full purchase price. PAYMENT NEEDS TO REFLECT IN AUCOR’S BANK ACCOUNT. 4. STANDARD CONDITIONS OF SALE Please refer to our standard conditions of sale on your buyer’s card. Aucor cannot be held liable for any buyer’s card lost or misplaced. It is your responsibility to keep your buyer’s card safe. 5. DISPATCHING Due to security constraints, there will be no dispatching of goods during the auction. NO EXCEPTIONS WILL BE MADE. All purchases are to be removed at the buyer’s risk not later than 15:00 on Thursday, 18 February 2021. PLEASE NOTE: DUE TO THE GOODS TURNOVER VOLUME WE NEED TO SPEED UP DISPATCHING. ALL GOODS MUST BE PAID FOR AND COLLECTED BY CLOSE OF BUSINESS ON THURSDAY. SHOULD GOODS NOT BE COLLECTED THEN THE SALE WILL BE CANCELLED AND THE DEPOSIT WILL BE FORFEITED. SHOULD YOU HAVE PAID, YOU WILL ONLY BE REFUNDED THE TOTAL AMOUNT OF THE GOODS PURCHASED. THE NOTICE IS NOT NEGOTIONABLE. DISPATCHING TIMES - NO COLLECTION AFTER THURSDAY. ALL ASSETS NOT COLLECTED WILL BE FORFEITED. Thursday, 18 February 2021 – 09:00 until 15:00. 6. BUYERS PREMIUM: A BUYERS PREMIUM OF 10% (TEN PERCENT) (EXCLUDING VAT) WILL BE LEVIED ON ALL ITEMS PURCHASED 7. FICA REQUIREMENTS PLEASE NOTE: STRICT FICA COMPLIANCE IS REQUIRED TO PARTICIPATE IN THE AUCTION All bidders must provide the following FICA documentation upon registration at the auction. All bidders must provide the following FICA documentation upon registration at the auction. Private/Personal Buyer: Original Identity Document or Passport (not a driver’s license) Original proof of address (an account not older than 3 months) Business Buyer: Vat Registration Certificate CK Document (Cipro Certificate) Original ID of the owners of the business Original proof of address (an account not older than 3 months) 8. GENERAL THE PURCHASER SHALL BE BOUND BY ALL ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE COMMENCEMENT OF AND DURING THE SALE, WHETHER OR NOT HE IS PRESENT AT THE TIME OF MAKING SUCH ANNOUNCEMENTS. ALL ITEMS ARE SOLD VOETSTOOTS. NO WARRANTIES OR GUARANTEES ARE GIVEN OR IMPLIED. AUCOR CANNOT BE HELD RESPONSIBLE FOR ANY ERRORS OF DESCRIPTION. IN TERMS OF THE S45 OF THE CONSUMER PROTECTION ACT, AUCOR SOUTH IS NOT LIABLE TO DISCHARGE DUTY OF REPAIR. THE RULES OF THE AUCTION ARE AVAILABLE WITHOUT CHARGE FROM AUCOR BUSINESS PARK, CNR PETER BARLOW & SACKS CIRCLE, BELLVILLE SOUTH DURING NORMAL BUSINESS HOURS.THE BUYERS ARE DEEMED TO HAVE MADE THEMSELVES ACQUAINTED WITH THE LOTS FOR WHICH THEY BID. PLEASE NOTE: A VALID SABC TV LICENCE MUST BE PRESENTED BEFORE ANY TELEVISION SET MAY BE REMOVED FROM THE PREMISES. THERE WILL BE NO SPLITTING OF LOTS OR TRANSFER OF LOTS BETWEEN BUYERS. ONLY BUYERS WHO HAVE REGISTERED ARE ALLOWED TO BID; NO SHARING OF CARDS IS ALLOWED AT THE AUCTION. AUCOR CANNOT BE HELD LIABLE FOR ANY BUYER’S CARD LOST OR MISPLACED. IT IS YOUR RESPONSIBILITY TO KEEP YOUR BUYER’S CARD SAFE. FRIDGES & FREEZERS SHOULD ONLY BE TURNED ON 24 HOURS AFTER TRANSPORTATION. RIGHT OF ADMISSION IS STRICTLY RESERVED • ERROR & OMISSIONS ACCEPTED • SUBJECT TO CHANGE WITHOUT PRIOR NOTIFICATION No photographs of FICA documents of any kind are allowed, only PDF documents are allowed. A. Individual Registration 1. Green barcoded ID or smart ID card (Back and Front) 2. Valid foreign passport for non-SA citizens 3. Valid traffic register number for non-SA citizens 4. Proof of residence not older than 3 months (unless otherwise specified) such as. • Utility bill (water, lights, rates, taxes) (This is the ONLY type of Tax Invoice that is acceptable) • Municipal Letter from a Municipal representative confirming residential address e.g. ardW Councillor • Correspondence from a Body Corporate / Share Block Association e.g. Levies Statements • Bank statements (No FNB or Wesbank related statements or documents) • Retail or clothing account statements e.g. Edgars, Woolworths, Jet, MrPrice, Truworths, Markhams, Foschini, Ackermans, Legit • Cell phone or landline monthly statements e.g. MTN, Vodacom, Telkom, Cell C • Rental / Lease Agreement (Usually valid for 1 year) • Mortgage (Bond) Statement (No FNB or Wesbank related documents) • Wi-Fi or DSTV Monthly Statements • Medical Aid/ Health Insurance Monthly Statements e.g. Discovery, Clientele, Funeral Policies, etc. Documents not Acceptable: • Traffic Fines • Payslips / Salary Advice from an Employer • IRP5 • Sars eFiling Print Screens • Insurance Confirmation on new vehicles being purchased • Tax Invoices e.g. Doctor, Pharmacy, Florist, Purchases • Any kind of FNB or Wesbank Documents • Police Affidavit B. Company (Private and Unlisted Public) 1. Certificate of Incorporation (CM1); and 2. Certificate of change of name of company (CM9) (if applicable); and 3. Notice of Registered Office and Postal Address (CM22); and 4. Contents of Register of Directors, Auditors and Officers (CM29) 5. Updated Disclosure Certificate not older than 1 year (can be retrieved from www.cipro.co.za) 6. Vat Registration Certificate (if VAT registered) 7. Business Registration Number Certificate (BRNC) (Obtainable from the localTraffic Department – if you buy vehicles) 8. Identification documents of all Directors (ID or Passport) 9. Proof of Residential address of all directors not older than 3 months (Please refer to the above list for all acceptable documents) 10. Resolution specifying who is authorised to act on behalf of the Company. 11. Identification document(s) of the person(s) authorised to act on behalf of the Company. 12. Proof of Residential address of the person(s) authorised to act on behalf of the Company not older than 3 months (Please refer to the above list for all acceptable documents) 13. Proof of business address of the company not older than 3 months (Please refer to the above list for all acceptable documents) C. Close Corporation (CC) 1. Founding Statement and Certificate of Incorporation (CK1); and 2. Amended Founding Statement (CK2) (if applicable); and 3. Updated Disclosure Certificate not older than 1 year (can be retrieved from www.cipro.co.za) 4. Vat Registration Certificate (if VAT registered) 5. Business Registration Number Certificate (BRNC) (Obtainable from the localTraffic Department – if you buy vehicles) 6. Identification documents of all Members (ID or Passport) 7. Proof of Residential address of all Members not older than 3 months (Please refer to the above list for all acceptable documents) 8. Resolution specifying who is authorised to act on behalf of the Company. 9. Identification document(s) of the person(s) authorised to act on behalf of the Company. 10. Proof of Residential address of the person(s) authorised to act on behalf of the Company not older than 3 months (Please refer to the above list for all acceptable documents) 11. Proof of business address of the company not older than 3 months (Please refer to the above list for all acceptable documents) FICA REQUIREMENTS D. Trust/s 1. Letters of Authority signed by the Master of the High Court 2. Trust deed or other founding document 3. Vat Registration Certificate (if VAT registered) 4. Business Registration Number Certificate (BRNC) (Obtainable from the localTraffic Department – if you buy vehicles) 5. Identification documents of all trustees and beneficiaries (ID or Passport) 6. Proof of Residential address of all trustees and beneficiaries not older than 3 months (Please refer to the above list for all acceptable documents) 7. Resolution specifying who is authorised to act on behalf of the Trust. 8.
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