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Terms and Conditions > Please confirm the trading terms and conditions before filling out the
application form, and contact us if you are a dealer who is looking for
a long term business relationship.
- Refundable Deposit > A refundable deposit is required to become one of our members. Only one
deposit allows you to buy as many cars as you like and it can be deducted
from your purchased car cost whenever you require. The deposit methods
are either T/T bank remittance or payment by Credit card.
- ID and Passwords >
As soon as we have confirmed or verified your deposit we will issue your
ID and Passwords to login to daily auction data websites and also provide
a statement with the deposit receipt.
- >>> Once you have become one of our members and while you are trying to bid
and purchase cars at auction, our auction experience will be provided to
support you with buying the best car at the best price.
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A, Payment
- The payment for purchased cars must be confirmed at our bank within 5 days after you have won the auction
excepting dealer members who have a payment contract with us. The due date
will be indicated on the sales invoice.
- The total amount of the sales invoice must be paid in Japanese Yen (JPY)
or US dollar (USD) by T/T bank remittance when you have purchased the car
from auction or stock. L/C payment will be accepted, but payment by credit
card is not accepted except when making a deposit.
- If your payment has not been fully paid after you have purchased a car,
we will charge you a penalty fee and deduct it from your deposit.
B, Deposit
- Only one deposit allows you to purchase as many cars as you want. The deposit
amount is 10% of your average bidding price, but a minimum of JPY100,000-
will be required. The deposit methods are either T/T bank remittance to our bank or Payment
by Credit card.
- Your deposit is refundable but we will charge you a refund fee JPY20,000-
in all cases for the bank fee associated with the refund process. The refund
fee will be deducted from the deposit amount.
- Your full deposit amount can be deducted from the total invoice amount
in sales invoice whenever you have purchased a car from auction or stock
car and then make the remittance payment for the purchased car.
C, Charges
- Agent fee : Our agent fee may be varied depending on the number of the cars
purchased in one month.
| Agent fee (per car) |
JPY30,000- to JPY60,000- |
- Auction cars : The Successful bid car price (actual car price) at the auction and all
the charges and fees for purchasing and exporting the car to your port
will be clearly indicated on our sales invoice and proved by auctioneer's
settlement.
- Stock cars : When you have found a car you want to buy at the stock car website, use
the "E-mail inquiry" option on the website to contact us and
ask us the price.
- Trading price basis :
D, Passwords
- You must carefully manage the ID numbers and passwords provided by us for
security reasons, and do not allow any other person to use your account.
- If you have abused or amended websites with any of the passwords for the
auction car data websites we have provided, we will claim damages from
you and your membership will be cancelled.
E, Cancellation
- You can cancel or change your bidding only by using our bidding form before
08:00 A.M. (Japan Time) on the day of the auction.
- You can NOT cancel after you have won the auction (you have purchased the
car). However, after you have made full payment for the car, you can exhibit and sell
the car at auction ( re-auction ) after paying the appropriate charges.
F, Claims
- We will load your car onto the vessel in the same condition it was in when
bid on at auction and will accept only the following claims.
- In the case of CIF or C&I, we accept any claims if the car is damaged
en route from the auction house to your port.
- In the case of FOB or C&F, we accept any claims for damage until the
car is loaded onto the vessel at our port.
- However, Claims are not accepted when the car is damaged by a natural disaster
such as an earthquake, tidal wave(tsunami), etc. while the car is at our
port storage.
G, Responsibility
- You must take responsibility to confirm the import regulations and car
registrations in your country for each car, and advise us exactly what
we have to do at our end prior to exporting to you.
Import regulations and Car registrations in your country.
- You must take responsibility for all auction car data and any dealer information
which you have obtained from the auction car data websites and our website.
You are not supposed to share this auction or dealer information with any
other third party. If you do so and there is subsequent legal complaint,
you must acknowledge our right to claim all damages from you.
- The business process of bidding and purchasing cars directly from live
auto auctions moves very quickly and time is limited. Online contact (e-mail)
via the internet and checking e-mail once a day is therefore a requirement
and is your responsibility during the process of trying to purchase cars
at auction.
- We must take responsibility to ship the car to your port after we have
confirmed your full payment for the car.
- We must begin export procedures and book the fastest available vessel to
your port as soon as we have confirmed your payment.
- We must load your car onto the vessel in the same condition it was in when
bid on at auction.
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