CONDITIONS OF SALE Organizer „Süddeutsche Pferdezuchtverbände-Vermarktungs GmbH“ is the organizer of the auction and sells the foals described <strong>in</strong> the auction catalogue on behalf of the owner/exhibitor as a commission agent. Bids The foals will be offered for sale <strong>in</strong> Euro. Bidd<strong>in</strong>g will beg<strong>in</strong> at Euro 3000. The highest bidder w<strong>in</strong>s. Only bids of at least Euro 50 will be accepted. In case any doubts should arise as to the validity of the knockdown, the offer for sale can be taken up aga<strong>in</strong>. Objections should be claimed at once, latest until the last foal of the auction was sold. The organizer’s agent, the auction management and the auctioneer will decide on the validity of the knockdown. Settlement and payment The account will be rendered as follows: Knockdown price + sales tax + 6 % commission + official VAT + 2 % <strong>in</strong>surance premium of the gross price. Sales tax for farmers is 10,7 %, for commercial horse breeders 19 %, for private persons 0 %. The rates are published for each foal. For customers purchas<strong>in</strong>g more than one foal, the commission fee will be reduced to 3 % for all purchased foals. Payment has to be effected <strong>in</strong> cash, by check or by direct debit authority to the organizer <strong>in</strong> the auction office. Insurance Each foal <strong>in</strong> <strong>in</strong>sured to the <strong>am</strong>ount of the gross price, cover<strong>in</strong>g the risks of death, euthanasia and permanent disability <strong>in</strong>cl. d<strong>am</strong>ages of an <strong>in</strong>jury because of ataxia and <strong>in</strong>juries of the tendons. 80 % will be refunded to the buyer. The <strong>in</strong>surance coverage starts <strong>in</strong> the moment of transition of liability and ends when the foal will be six months old, latest on December 31, <strong>2014</strong>. Tak<strong>in</strong>g delivery and transfer of risk In the case of foals, the risk passes to the buyer when the buyer takes delivery of the foal. Delivery of the foal must be taken by the buyer at the latest siy months after teh birth of the foal at the domicile of the vendor. In agreement with the vendor, the buyer may take delivery of the foal at an earlier date: Until delivery of the foal is taken, the vendor bears the risk and the costs for keep<strong>in</strong>g the foal, <strong>in</strong>clud<strong>in</strong>g exprenses for veter<strong>in</strong>arians and farriers. The date for tak<strong>in</strong>g delivery is to be agreed upon between the vendor and the buyer. If the buyer is <strong>in</strong> arrears <strong>in</strong> tak<strong>in</strong>g delivery of the foal, the risk of co<strong>in</strong>cidental dprediation or loss of the foal passes at this date to the buyer along with expenses for keep<strong>in</strong>g the foal, <strong>in</strong>glud<strong>in</strong>g veter<strong>in</strong>ary and farrier costs. Should there be any differences as to the state of health etc. between seller and buyerr when the foal is handed over, the Chirurgische Tierkl<strong>in</strong>ik der Universität Leipizg has to be contactet. The decisions of the Chirurgische Tierkl<strong>in</strong>ik der Universität Leipizg are obligatory for buyer and seller. The costs of the veter<strong>in</strong>arian cl<strong>in</strong>ic have to be borne by the buyer. A foal handed over to buyers by the vendor before the knock-down price has been paid <strong>in</strong> full is at the risk of the vendor. Warranty Details about age, sex, colour and pedigree <strong>in</strong> the auction catalogue are the only characteristics agreed upon the <strong>in</strong> contract. Material defects as far they are known <strong>in</strong> time of auction are announced by the auctioneer. Claims have to be directed to the seller and <strong>in</strong> copy to the organizer. Should claims for withdrawal or reduction become valid, claims for d<strong>am</strong>ages are prohibited. Claims for material defects lapse after 6 months follow<strong>in</strong>g the day of the auction. Claims for buyer’s <strong>in</strong>juries of life, body and health and claims for other d<strong>am</strong>ages based on deliberate action or gross negligence of the organizer and/or the exhibitor or other persons who are legally liable are excluded from the limitation of liability and the statute of limitation. Severability clause Should certa<strong>in</strong> regulations or parts of the regulations mentioned <strong>in</strong> this contract become <strong>in</strong>operative, the other arrangements of this contract will not be effected. In fact of not be<strong>in</strong>g operative, the <strong>in</strong>operative regulation should be exchanged aga<strong>in</strong>st one which comes very close to the contract’s purpose. Priority to the German Version These general terms and conditions are available <strong>in</strong> German and English. In case of any objection the German version is exclusively valid; for the <strong>in</strong>terpretation of the English version the <strong>in</strong>terpretation of the German version shall be the authorative version. 102
FOHLEN-SOMMER 21. JUNI <strong>2014</strong> SHOOTING STARS VIERNHEIM <strong>26.</strong> JULI <strong>2014</strong> SÜD-DIAMANTEN ELITE-FOHLENAUKTION NÖRDLINGEN 27. SEPTEMBER <strong>2014</strong> LAST CHANCE BIBLIS www.suedpferde.deww.sued e