If payment is Not received by the 9th day from the date of purchase, vehicle is returned to the Auction and Re-Auctioned.
All Re Auctioning costs are liable to the Buyer and charged to the Client by invoice after successful sale of the vehicle. The vehicles selling price at Re – Auction will be calculated as a credit to the Client in the Re- Auction Invoice.
STAR JAPAN and buyer agree on a minimum selling price. Both Parties must sign a Re-Auction Application Form. If any disagreement of the minimum selling price, STAR JAPAN has the final decision on the minimum selling price.
From the Date of Re- Auction Invoice being issued to the buyers STAR JAPAN Online account, payment is due within 5 days.
If payment is not received by the 9th day from the date of the Re- Auction Invoice being issued, Buyers bidding rights are stopped and all vehicles export related procedures are stopped. This includes all de registration and shipping.. Buyer can No longer buy any vehicles.
If payment is not received by the 12th day from the date of the Re-Auction Invoice being issued purchase, Buyers accounts are frozen and STAR JAPAN Sales Agreement is forfeited. Deposit is confiscated and used as part payment against any loss. After calculation on the Clients account against unpaid Re- Auction Invoice any Credit to the Clients account with be refunded to Client minus bank and admin fees of 7,000 JPY.
Once payment is received, any stopped export related procedures will proceed. Buyers bidding rights are continued, Buyer can buy vehicles within their credit limit.