TERMS AND CONDITIONS OF ONLINE AUCTION SALE
Any person participating in the auction shall be bound by the following terms and
conditions. These terms and conditions constitute all the terms and conditions
with respect to the sale of articles at this auction. There are no
representations, warranties, terms, conditions, undertakings or collateral
agreements except as herein below provided. All buyers acknowledge and accept
with their registration for the auction the terms and conditions of the sale as
stated on this website.
INSPECTION: Buyer hereby acknowledges that Buyer or an agent acting on Buyer`s
behalf, has inspected, or has had the opportunity to inspect, all of the items
upon which Buyer will be bidding and/or does purchase.
BIDDING: Bidding begins to close Tuesday, 26th of November, 2013 beginning at
2:00 pm GMT. This auction includes a staggered and soft close. A "soft" close
means that if a lot bid is submitted and confirmed during the three minutes
before bidding closes, the closing time will be extended one minute on that item.
This will continue until the full time passes without a new bid on that lot.
Please note the closing time on each lot. No bidder may revoke his bid.
Anyone outside of the United Kingdom will be required to wire transfer a minimum
deposit of £5000 to be approved for all non-onsite bidding. All deposits must be
received 24 hours before the sale.
PAYMENT: Invoices must be paid in full before Thursday, 28th of November, 2013 in
Pounds Sterling by Telegraphic Transfer.
All payments shall be by way of wire transfer. All bidding and invoicing will
be in Pounds Sterling.
Your bid is a binding contract. Please don`t bid if you can`t pay for the item.
Our opportunity to sell an item ends when the item closes. Do not ask us to
cancel your bid after the auction closes. You are responsible for your bids.
Asset Sales, Ltd. reserves the right to refuse any applicant the privilege of
bidding and may revoke such privilege at any time. Asset Sales, Ltd. reserves the
right to request financial information and/or a deposit during the bid process.
All items must be removed by Thursday, 12th of December, 2013.
All bidders will be charged Value Added Tax at the current rates on the amount of
their purchases and the buyer’s premium. Where the bidder intends any lot be
exported outside the UK, a refund of VAT will (subject to regulation) be
available upon the production by the Bidder of such proof of the export as the
Auctioneer may require.
TITLE: Title to the lots purchased shall not pass until payment in full of the
purchase price is received.
All risk of loss shall pass to the purchaser at the time of payment and the
auctioneer shall have no further liability to the purchaser, including without
limitation, any damages for loss of profits.
Asset Sales, Ltd. reserves the right to correct any mistakes or typographical
errors made by it or its behalf in any of its announcements or documents, without
the ability of deriving right from the corrected announcements.
No purchaser may assign, transfer or dispose of his rights in any article
purchased before he has paid the purchase price in full.
TIMING: Time will be of the essence. If a purchaser fails to make payment or
remove goods within the time periods announced by the auctioneer at the beginning
of the auction, the auctioneer may resell the article purchased by auction, a
private contract or otherwise, as the auctioneer at his discretion deems
advisable, and the purchaser shall be liable for the shortfall and all costs and
expenses, including but not limited to interest rates (a minimum of 1.5% per
month or 18% per annum), legal fees, moving and storage (a minimum rate of
£3.00/sq ft per month) and commissions, incurred in such resale.
REMOVAL / RIGGING: No article shall be removed unless paid in full and all
articles purchased shall be removed by Thursday, 12th of December, 2013. All
small items left longer than 48 hours after close of the auction will not be
subject to refund. The purchaser shall be responsible for all costs of removal
and shall be liable for any damage, including without limitation, any
environmental damage, caused during or as a result of the removal. Purchasers
shall comply with all environmental laws and regulations and all requirements
established by the auctioneer for the removal of articles, including requirements
as to bonding of movers.
Rigging/Removal of sold equipment is the sole responsibility of the buyer and
must be completed by the posted date. Rigging/Removal may not begin until payment
has been made in full and the auction sale is complete. All heavy rigging
requiring the use of forklifts, cranes, etc. whether performed by the customer or
a rigging company, must present a certificate of insurance for £2,000,000.00
naming Asset Sales Ltd. as the insured.
All items are sold "As is, Where is". The buyer is responsible for all costs
associated with taking possession of an item.
Recommendation or approval of Riggers by Asset Sales, Ltd or by Asset Sales,
Inc., by any employee or agent of Asset Sales, Ltd or Asset Sales, Inc. or by any
affiliated entity of Asset Sales, Ltd. or Asset Sales, Inc. shall be done only as
an accommodation to the Buyer. Such recommendation or approval shall not cause
Asset Sales, Ltd or Asset Sales, Inc., any employee or agent of Asset Sales, Ltd
or Asset Sales, Inc. or any affiliated entity of Asset Sales, Ltd or Asset Sales,
Inc. to be liable in any way for any act or omission of any such Rigger.
Selection of a Rigger is solely within the discretion of the Buyer, and Buyer
acknowledges and agrees that it shall have no rights or remedies against Asset
Sales, Ltd or Asset Sales, Inc., any employee or agent of Asset Sales, Ltd or
Asset Sales, Inc. or any affiliated entity of Asset Sales, Ltd or Asset Sales,
Inc. based upon any act or omission by a Rigger.
DISCLAIMER: ALL SALES ARE FINAL, ON AN "AS IS – WHERE IS", "IN PLACE", "WITH ALL
FAULTS" BASIS WITH NO CONDITIONS OR WARRANTIES WHETHER EXPRESSED, IMPLIED,
STATUTORY OR OTHERWISE, INCLUDING WITHOUT LIMITATION, WARRANTIES OR CONDITIONS AS
TO TITLE, DESCRIPTION, FITNESS FOR PURPOSE, QUANTITY, QUALITY, MERCHANTABILITY,
STATE, CONDITION, LOCATION OR OTHERWISE. NO SALE SHALL BE INVALIDATED AND THE
AUCTIONEER SHALL HAVE NO LIABILITY FOR A MISDESCRIPTION OF ANY ARTICLE OR LOT
WHETHER CONTAINED IN A CATALOGUE, ADVERTISEMENT OR OTHERWISE. DESCRIPTIONS HAVE
BEEN PREPARED FOR GUIDE PURPOSES ONLY AND SHALL NOT BE RELIED UPON BY THE
PURCHASER FOR ACCURACY OR COMPLETENESS. BY SUBMITTING A BID, THE BUYER/BIDDER
AFFIRMS IT HAS INSPECTED ALL ITEMS BEFORE BIDDING. PURCHASERS SHALL BE DEEMED TO
HAVE RELIED ENTIRELY UPON THEIR OWN INSPECTIONS AND INVESTIGATIONS.
INDEMNIFICATION. The buyer hereby assumes and does agree to indemnify and hold
the auctioneer and seller harmless from any current or future claim which shall
pertain to the fitness, use, damage, safety, injuries to persons or property that
may have been caused by or during removal or use of item(s) purchased, or any
other claim regarding the use of that asset as purchased.
This sales transaction shall be governed by and construed in accordance with
English law and shall be subject to the exclusive jurisdiction of the English
Courts. If any provision of these terms and conditions shall be held invalid,
illegal, unenforceable or inoperative, the balance of the terms & conditions
shall remain in full force and effect as if such provisions had not been
included.
The auctioneer is acting as agent only and is not responsible for the acts of its
principles.
Asset Sales, Ltd. reserves the right to correct any mistakes or typographical
errors made by it or in its behalf in any of its documents, without the ability
of deriving right from the corrected announcements.

By filling out the registration information form, the buyer gives written consent
to Asset Sales, Ltd. and Asset Sales, Inc. to communicate via e-mail to the
address(es) listed herein. Buyer confirms authorization to provide consent for e-
mail to the e-mail address(es) that provided, and further agree to indemnify and
hold harmless Asset Sales, Ltd. and Asset Sales, Inc. for any action or loss
arising from any incorrect or false e-mail address(es) provided herein. Buyer
acknowledges that, should the desire to revoke this written authorization, Buyer
will inform Asset Sales, Ltd. and Asset Sales, Inc. of such revocation.

These Terms and Conditions with any amendments or modifications expressly made by
the auction company at the time of the auction constitute all the terms and
conditions with respect to the sale of articles at this auction. There are no
representations, warranties, terms, conditions, undertakings or collateral
agreements except as hereinabove provided.
In the event of a computer system overload, please stay with the auction as we
will attempt to correct the situation as soon as possible. Asset Sales, Ltd.
retains the right to reopen the bidding.
A 15% Buyer`s Premium will apply to all purchases.

REGISTRATION & BIDDING ONLINE:
If you plan to bid with Bidspotter.com, you must be pre-approved by Asset Sales.
The pre-approval process is easy but necessary. Asset Sales will verify
telephone number and confirm agreement to the Terms & Conditions.