TERMS OF BIDDING
AUCTION BIDDING PLAN
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BIDDING PLAN |
CALCULATION |
CURRENCY |
SHOW RESULT |
BIDDING COLOUR |
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FOB BIDDING PLAN |
Successful Bid Price + FOB Expenses |
JPY |
Yes |
Yellow |
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C&F BIDDING PLAN |
Successful Bid Price + C&F Expenses |
JPY |
Yes |
Blue |
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FIXED BIDDING PLAN |
No concern about successful bid price. Price will be fixed as per FOB or C&F Bid. |
USD |
No |
Green |
l FOB Bidding Plan is recommended to those who have sufficient knowledge and experience of Japan and Japanese auto auction system. `Sales Representative` or `Overseas Buyers` who visit in Japan and bid in auction by themselves can choose this plan.
l C&F Bidding Plan is recommended to those who have no sufficient knowledge and experience of Japan and Japanese auto auction system. `Overseas Buyers` who could not visit in Japan and cannot bid in auction by themselves can choose this plan.
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Fixed Bidding Plan is recommended to those who have no knowledge and experience of Japan and Japanese auto auction system at all. `Overseas Users` who is going to buy cars from auction at first time and bid their price in total FOB or C&F.l FOB Expenses = Auction Commission (as per auction invoice) + Our Commission (2.5-5% of auction price) + Recycle Charge (display in auction sheet) + Inland Transportation (ask us for list)
l C&F Expenses = FOB Expense + Custom Clearing and handling in Japan + Ocean Freight. C&F Expense may be calculated in flat rate and differed as per destination port and vehicle size. Please contact us for C&F Expense in flat rate.
ADDITIONAL CHARGES AND FEES:
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TITLE |
DESCRIPTION |
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Insurance |
1% of Total C&F Price |
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Inspection Prior to bid |
2,000 yen per unit |
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Translation of Auction Sheet |
1,000 yen per unit |
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Translation of Export Certificate |
1,000 yen per unit |
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Certificate of Origin |
10,000 yen per unit |
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L/C Clearance and Documentation |
50,000 yen per L/C |
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Pre-shipment Inspection |
EAA 20,000 yen per unit JEVIC 25,000 yen per unit JAAI 30,000 yen per unit INTERTEK 35,000 yen / unit |
BIDDING FORM
Name of Bidder: Auction Date:
Country: Bidding Plan:
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AUCTION NAME |
LOT NUMBER |
VEHICLE |
YEAR |
TIME |
EXPECTED PRICE |
FINAL PRICE |
RESULT |
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PAYMENT:
l Payment should be proceeded within 3 working days from the date of purchase and proof of payment should be provided through fax or email within this period.
l Payment should be confirmed within 6 working days from the date of purchase. We will notify you through any media as soon as we confirmed payment.
l If the payment could not be confirmed within 6 working days from the date of purchase, we may count penalty from the 7th day of purchase.
l We may charge penalty of late payment as follows;
From 7 to 14 days = 1% of total due amount
From 15 to 21 days = 2.5 % of total due amount
From 22 to 30 days = 5% of total due amount
l If the payment delayed more than 30 days, we will cancel vehicle and send to resale in auction. In this situation we will charge penalty as follows.
Total Penalty: 5% of total due amount + loss of vehicle after resale + all expenses during purchase and resale in auction
l This penalty will be deducted from security deposit. If penalty does not cover from the security deposit, we may request to clear penalty within 7 working days. If penalty is not cleared within this period, we may declare as black listed.
l All payment should be done through T/T. We do not accept any cheque or credit cards. Sometimes we may accept payment through L/C from trusted buyer or who has already sent advance payment as security deposit.
CANCELLATION OF BIDDING:
l Bid can be cancelled one hour before the auction start. Cancellation notice should be sent through any communication media like telephone, fax or email. However this cancellation will be effective only after our reply of confirmation.
l Bid cannot be cancelled after successful bid in auction however we can cancel the vehicle after payment of penalty charges (100,000 yen or more depending on auction and situation) per vehicle if cancellation done within hour the auction.
l No cancellation after close auction.
LIABILITY:
l We shall not be liable for any consequential loss including without limitation any loss caused by interruption of your business and physical damage to your vehicle through shipping and whether directly or indirectly caused by any breach of contract or by negligence by us or by any servant or agent of ours.
l All disputes arising out of this agreement shall be subject to the exclusive jurisdiction of the court of Niigata, Japan. This contract is subject to the laws of Japan.
l If you wish to enter into contracts with third parties such as shipping agents, TQM INTERNATIONAL CO. LTD accepts no liability for any loss, damage or costs as a result of your contract. We are not responsible for late deliveries or any other resulting costs incurred.
For more information and clarification, please contact:
TQM INTERNATIONAL CO. LTD
2344-1, Simami-Cho, Kita-Ku, Niigata 950-3102 Japan
Tel: +81-(0)25-255-2812, Fax: +81-(0)25-255-2813, Mobile: +81-(0)90-2608-5260
URL #1: www.tqmjapan.com
URL #2: www.tqminternational.net
These terms of bidding will be effective from 21st Feb 2013.
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TQM International Co. Ltd. |
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