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Terms and Conditions > Please be careful to confirm the trading terms and conditions before filling
out and sending us the application form for registration to buy cars.
- Refundable Deposit > A refundable deposit is also required for a registration. 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.
- Bidding at Auctions >
As soon as we have confirmed a your deposit we will be able to accept your
biddings at auctions and also provide a statement with the deposit receipt
and future transactions.
- >>> Once you have registered as one of our buyers and while you are trying
to bid and purchase cars at auction, we will use our auction experience
to support you with buying the best car at the best price.
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A, Payment
- Your payment for any car purchased must be confirmed before the car is shipped to your port except in the
situation where you are a special dealer who has 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. Irrevocable L/C at sight will be also accepted,
but payment by credit card is not accepted.
- If your payment has not been paid after you have purchased a car from us,
Your deposit will not be re-funded and the your registration will be cancelled.
B, Refundable Deposit
- Only one deposit allows you to purchase as many cars as you want if a payment
is cleared. The deposit amount is 10% of your average bidding price or
car price, but a minimum of JPY100,000- will be required.
- 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 you can remit the balance payment to us for the purchased
car.
C, Charges
- < Auction cars > * These our charges will be negotiable for bulk order
customer.
- Auction price : Auction house charge us *Successful bid car price(Last bid car price),
*Successful bid fee(up to JPY16,000), *Sales tax(5% of car price), *Inland
freight charge(JPY10,000 minimum), and *the refundable charges of Car tax
and Recycle fee which you are NOT charged by us.
- Agent fee (our commssion) : The fee for us may be varied depending on the number of the cars
purchased in one month.
| Purchasing car numbers |
Agent fee (per car) |
| Up to 5 cars |
JPY60,000- |
| 6 cars to 10 cars |
JPY50,000- |
| 11 cars to 20 cars |
JPY40,000- |
| 21 cars or more |
JPY30,000- |
- Other charges : The other charges(JPY25,000) include *Custome clearance, forwarder shipping
charges, Inspections and documentation fees.
- FOB price : a + b + c = FOB Japan price
- < Stock cars >
- The car price(FOB, C&F or CIF) of stock car will inform you after we
have received the your price inquiry for the car.
- 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 registration 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 ) again 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 book the fastest available vessel and ship
the car to your port after we have confirmed your full payment for the
car.
- We must load your car onto the vessel in the same condition it was in when
bid on at auction.
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