Payment of the total amount due is made in cash or by certified cheque to the auctioneer on auction day upon the acceptance of the bid. If the purchaser should fail to meet his obligation, the purchased items will be reoffered for sale again. The original purchaser will not be admitted to bid again for that items. In case of a lower hammer price Set-off is not admissible. Any and all payments must be made to the auctioneer or his representative.
Cheque payments are effective only in connection with an irrevocable cheque confirmation.
The purchaser shall not receive the goods unless full payment is made. The prices for any items are ex location. Dismounting , loading and removal are at the expense and the risk of the purchaser and should be carried out within the specified deadlines. In case the collection date should not be complied with, the purchaser will be liable for any and all consequential costs, e.g. extended storing, possible removal from warehouse, dismounting and shipment. With the acceptance of the bid, the purchased items shall be considered as delivered to the purchaser.