regolamento bonus sire - aste sga

The principal must, in any event, disclose the following defects:
- wind sucking and crib biting;
- periodic ophthalmia (moon blindness);
- box walking;
- weaver (transfer of weight from one forelimb to the other alternately).
Should these not be disclosed, the buyer may make a claim within 8 days from the date of purchase. All claims
for the above defects must be made by the buyer directly both to the principal and to S.G.A., which may temporarily
retain the amount received for the sale until the dispute is settled, in an account which does not bear
interest for the contracting parties.
In case of redhibitory defect the horse will be put, to expenses of the purchaser, in a veterinary clinic chosen
by S.G.A., in order to attest and to document the nature and truthfulness of the defect.
The sale by auction of a horse affected by laryngeal paralysis or by epiglottic entrapment, will give rise to the
termination of the contract by express agreement of all those persons who enter horses for the sale provided
that the horse has not been removed from the sale area by the purchaser.
The purchaser, if he think that the horse is affected by laryngeal paralysis or by epiglottic entrapment, is entitled,
within mid-day of the day following adjudication, and in any event without removing the horse from
the sale area, to subject the yearling to a lunging test (or wind test) or, alternatively, if stated among the parties,
to the endoscopy. Should the veterinary surgeon detect suspicious breathing noises, and only in such
case, he shall notify S.G.A.’s office on the appropriate form of the veterinary certification. S.G.A. shall immediately
inform the Principal of the claim.
The Principal shall be entitled, within 24 hours of the notification, to have the same test carried out by his
own veterinary surgeon. In case of dispute between the diagnoses of the two veterinary surgeons of the parties,
the Principal and the purchaser shall submit the dispute to the binding decision of a third veterinary surgeon,
appointed by S.G.A., who shall be entitled to carry out an endoscopy.
Should the fault exist, and the purchaser have already paid the price for the horse, S.G.A. is authorized to return
it. Claims by buyers for any other cause must also be notified by the buyer to the principal and to S.G.A.
No claim may, in any event, be made to the principal if the buyer has not paid for the horse in dispute; S.G.A.,
at its sole discretion, may temporarily retain the amount received for the sale until the dispute is settled in an
account which does not bear interest for the contracting parties. In the case of cancellation of the sale, the
principal shall be obliged to pay the sales commission equal to 5% of the sale price.S.G.A. recommends to
buyers that they should carefully inspect the horses before they purchase them, asking the Principal directly,
whenever they believe it appropriate, to carry out x-rays at their own expense. The breeder may, in his turn,
file all veterinary documentation at the Offices for examination by possible buyers.
Art. 7 – PROHIBITION AGAINST USE OF DRUGS
Principals are expressly prohibited from using anti-inflammatory drugs or anabolic steroids or any of them indicated
in UNIRE rules, except for those curative tretaments, notified in advance .
The use of anti-inflammatory drugs which can mask defects or injuries of the horses must be declared prior
to the Auction Sale.
S.G.A. reserves the right to do inspections, following the UNIRE rules.
The buyer may also ask for these checks to be carried out after the purchase at his own expense, before the
horse leaving the sales area.
Any positive outcome shold be immediately transmitted from the buyer to the principal, who will be immediately
entitled to do inspections by himself. If the two tests disagree, principal and buyer will submit to the
bidding arbitration of a third lab, nominated by S.G.A.
In the case of a positive outcome, the sale may be declared void under article 6.
Art. 8 – OTHER OBLIGATIONS OF THE PRINCIPAL
Horses destined to be put up for sale at the auction must be on the premises before the time of the sale in order
to be inspected by buyers (at least 24 hours before they go into the ring). Principals must assure the presence
of a groom, paid for by them, and acting under their responsibility, for the custody of not more than 4
horses for each groom.
Art. 9 – PRINCIPAL’S AND BUYER’S OBLIGATIONS RELATIVE TO
V.A.T. AND TAX WITHHOLDINGS
A – V.A.T.
All amounts due to S.G.A. and charged to the principal and/or to the buyer are subject to V.A.T. at 21%.
B – Tax withholding