ONLINE AUCTION SALE Yarn Preparation, Weaving & Miscellaneous

NOTICE TO PURCHASERS
1. Useful Tel. No’s Project Manager: John Cowing Tel. +27 (0)83 662 0237
Auction Accounts: Tel: +27 (0)21 702 3206 Fax:+27 (0)21 702 3207
2. Viewing: The Lots may be viewed By Appointment.
3. Buyers Premium: The Buyer will pay to the Auctioneer a premium of 10% on the “Offer
Price” to which will be added Value Added Tax at the current rate. The
Premium is not negotiable and is payable by all purchasers.
4. Terms: ALL MONIES DUE MUST BE PAID ON OR BEFORE WEDNESDAY
03 rd MAY 2006 BY BANK TRANSFER. LOTS MAY ONLY BE
COLLECTED UPON RECEIPT OF CLEARED FUNDS:
Bank Guaranteed Cheques and Bank Drafts should be made
payable to “Henry Butcher S.A (Pty) Ltd”
Telegraphic Transfer:
Bank details for telegraphic transfer:
Account: Henry Butcher S.A (Pty) Ltd Trust Account
Account Number: 405 990 2213
Sort Code: 505 309
Bank: Absa
Bank Address: Wynberg
International Swift Code: ABSAZAJJ
7800, Cape Town, South Africa
In accordance with the Money Laundering
Regulations & in the interest of security, we are
unable to accept cash payments.
WE DO NOT ACCEPT CREDIT OR DEBIT CARDS
5. Deposits: In accordance with The Auction Conditions of Sale the Auctioneer
reserves the right to request a deposit to be paid. All buyers must lodge
a R2500 cheque deposit with Henry Butcher prior to registration.
6. Auto Bid: An Auto Bid, also called a proxy bid, is a bid placed on behalf of a buyer
by GoIndustry. The Auto Bid feature allows buyers to outbid other bids
without having to be online. With an Auto Bid, the buyer specifies the
price for the next bid and the highest bid. GoIndustry automatically
places the next bid and increases it by the bid increment until the bidder
either wins the bid or his maximum price is reached. This method and
the maximum price remain in effect until the end of the auction or until
the user changes his maximum bid. Any new bids made by other users
automatically activate the Auto Bid function for the buyer.
The maximum bid placed by a buyer is never disclosed to other users
and the system will always use the lowest bid necessary to win. If an
Auto Bid is placed for you, you will be notified by email.
7. Risk: The Bidder is at risk once the hammer falls and is strongly advised to
effect insurance at once.
8. Clearance: All lots to be cleared without fail by Friday 19 th May 2006. Any lots not
cleared by Friday 19 th May 2006 will be subject to progress chasing.
You should ensure that any haulier holds sufficient insurance cover for
‘Public Liability and Goods in Transit.’ Copies of the insurance cover
should be made available to Henry Butcher Site Supervisor before
removal of goods from site.