ONLINE AUCTION SALE Yarn Preparation, Weaving & Miscellaneous

HOW TO BID ONLINE
To bid for a product offered at auction the buyer has to be registered at GoIndustry. On
registering you receive a user name and password, which you can use to log in at the
Marketplace. You can do this directly on the homepage by entering your user name and
password or by selecting "Log In" in the navigation bar at the top.
Click the "Place a Bid" (auction) or "Make an Offer" (Negotiated Sale) button when you have
found the desired product. In the case of Negotiated Sales enter your bid at the desired price
with details of the unit volume required and the validity date of your bid. In the case of an
auction, the system will ask you if you want to make a bid equal to the next required minimum
offer (i.e. the present highest bid plus the standard bid increase) or whether you want to bid a
higher sum. In the case of auctions with several products you will be asked to enter a price per
product and the number of products required. At this point, you can make an Auto Bid where
you specify the highest amount you are prepared to pay for the respective product. The system
then increases your bid automatically every time you are outbid, thus allowing you to participate
actively in the auction without having to follow it constantly.
When you have entered your bid and the other details important to making an Auto Bid, the
system will inform you whether your bid has been accepted by the system or not. You will also
be informed per email when your bid has been registered.
Each registered user is assigned a unique user name and customer number. Only this
information, plus the bid amount itself, is disclosed to other users until an auction closes.
Once bids are submitted you cannot remove or modify your offer, although you can place
additional bids.
Auto Bids are identical to other bids - they cannot be cancelled or changed once they are
placed. You may, however, lower or raise your Auto Bid Maximum Bid Price to any amount
above the current highest bid. Lowering your Auto Bid maximum will prevent the system from
placing higher bids. Increasing the sum allows you to make higher bids in future - and will
maintain your position in the queue.
In general terms, you can bid on any share of the sale quantity simply by specifying the number
of items you wish to bid for. Enter the price you are prepared to pay for each item, but not the
total price, since this will be calculated for you.
In some cases a seller may want to sell his products as a total lot to a single buyer. These sales
will be listed as having a Quantity of 1, with the available quantity being given in the product
description and not under "Quantity". This indicates that the products are not to be sold
separately. For example, 10 computer monitors may be listed as '10 Computer Monitors,
Quantity 1' or 'Lot of 10 Computer Monitors, Quantity 1'. Enter the total price you wish to pay.