Registration: Trading license, passport copy & all legal documents must be submitted Deposit to be paid by wire transfer, credit card, cash, & quick pay links Action day: 19.2.2020 11am Kuwait time Pre inspection time from 15.2.2020 to 18.2.2020 Terms & conditions: All items to be sold “As Is, Where Is “ No warranties or guarantees Pre – inspection is required Third party inspection service will be available through TRIPLE A COMPANY No buy back allowed Payment by personal cheques is not acceptable Payment will be by (CASH, K-NET, credit card & Wire transfer) Dollar rate is 1$ = 0.305 fils Auction will be in both KWD & USD Please contact your preferred shipping agent for needful shipping Gate pass is strictly required against removal any item Removal must be done within 7 days All needful documents must be sent and submitted for gate pass Full payment required before removing any item Payment must be done within 72 hours Any late payment exceeds the stated period shall be prior to 2% charge / month Any late removal exceeds the stated period shall be prior to 20 KWD / day for each item Fees / Transaction: For transactions from 15 KWD to 12,200 KWD = 4% / item For transactions from 12,200 KWD to 24,400 KWD = 2% / item For transactions over 24,400 KWD = 305 KWD Online premium will be in addition to these fees. As outlined below: Fees / Transaction: For transactions from 15 KWD to 9,000 KWD = 2.5% / item For transactions over 9,000 KWD = 225 KWD **catalog is for guidance only ***Terms & conditions applies Online In order to be approved for this auction, K.C.A and the Auctioneer requires the following: 3000 KWD or 10,000 USD credit card authorization deposit, (refundable in case no purchase) Credit card transactions will be charged 3% Auctioneer acknowledges and agrees that the above information is confidential and proprietary to K.C.A and otherwise constitutes trade secrets of K.C.A , and Auctioneer will not use such information other than for the purpose of invoicing bidders and will not disclose such information to any person or entity without the prior express written consent of K.C.A Auctioneer further acknowledges that any actual or threatened use or disclosure of this information in a manner inconsistent with the terms of The Agreement for Online Bidding Service will cause irreparable harm to K.C.A, for which K.C.A shall be entitled to immediate injunctive relief without the need to post a bond or other security. Such bond and/or security requirement is hereby waived. Failure to pay for the item(s) that you are the successful bidder on will result in a penalty in the amount of 25% of the purchase price of the item(s). This penalty must be paid to the Auction Company within 48 hours of the auction. You and your company may also be placed on the "Delinquent Payers" list on the K.C.A Home Page to be shared with all participating Auctioneers. 1) K.C.A’s Charges 2) Failure to make payment in full to the Auctioneer will result in a Penalty charge of 25% of the sale price plus all buyer fees and internet purchase fee. 3) Payment in full must be made within 72 hours, in the form of Cash, Credit card, Wire Transfer, or a Company Check accompanied with a bank letter of guarantee. Failure to arrange payment by the time frame will place you on our Delinquent Payers List on our Home Page. 4) All purchases must be removed from the premises within 7 days after full payments. 5) Bidders are to be held personally liable for any bids made with their Bidding Number. 6) The highest bidder for each Lot shall be the Purchaser, and in the event of any dispute the Auctioneers shall have absolute discretion either to settle such dispute or to re-offer the lot for re-sale. 7) K.C.A accept no liability for loss or damage howsoever arising from any Lots not presented for sale. 8) K.C.A have described the Lot(s) in the catalog to the best of their ability and belief from information furnished by the Vendor(s) who shall be alone responsible for any error or miss-statement, which there may be. K.C.A undertake no liability whatever in respect of any faults, deficiencies and errors of any description, oral or printed, nor do they accept responsibility for the authenticity, genuineness, origin, age, condition or quality of any Lot(s) and all statements as to these matters whether contained in the catalog or made orally are statements of opinion only and not to be taken as being or implying a statement or representation of fact 9) Each and every Lot is sold "as is, where is". K.C.A provide no guarantees or warranties (express or implied) in respect of the Equipment contained in the Lot. All representations made by the K.C.A, its servants or agents are to be considered lay opinions only and the Auctioneer and K.C.A accept no liability for any purchase made by a Buyer in reliance upon them. 10) The Buyer agrees to ensure the Equipment purchased against all losses from the Auction Date until removal of the Equipment by the Buyer. 11) The Buyer acknowledges he/she has read and agrees to be bound by the additional terms and conditions set forth. 12) please contact your shipping agent/customs for mobilization or contact us for other arrangements (to be based on agreement) Please contact us for any further assistance: info@masahaglobal.com | 00965 2202 1290 fahed.blan@masahaglobal.com | 00965 6000 8633 www.masahaglobal.com State of Kuwait, 6th ring road opposite to 360 mall WIRE TRANFER Company Name: MASAHA COMPANY FOR RENTAL OF ALL KINDS OF EQUIPMENT BANK NAME: COMMERCIAL BANK OF KUWAIT BANK ACCOUNT: 9594027100414014 IBAN: KW51 COMB 0000 0195 9402 7100 4140 14 SHORT ACCOUNT NUMBER: 9594027016 Rate: 1$ = 0.305 fils