the Buyer commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts or makes a proposal for or enters into any compromise or arrangement with its creditors other than (where the Buyer is a company) where these events take place for the sole purpose of a scheme for a solvent amalgamation of the Buyer with one or more other companies or the solvent reconstruction of the Buyer. The risk in the Lots shall pass to the Buyer upon acceptance of the offer or the fall of the hammer in accordance with clause 7.3 or 8.7 as appropriate. Unless stated in the Sale Details to be new, all Lots sold are preowned, used, or second-hand and are sold as seen. There are no manufacturer’s warranties or guarantees with any Lot unless expressly stated in the Sale Details. The Buyer is reminded that it is the obligation of the Buyer to inspect all Lots for which it wishes to bid to make sure that they are suitable for the purposes for which the Buyer wishes to use them. Accordingly, all terms implied by sections 13 to 15 of the Sale of Goods Act 1979 are, to the fullest extent permitted by law, excluded from the Contract. any event occurs, or proceeding is taken, with respect to the Buyer in any jurisdiction to which it is subject that has an effect equivalent or similar to any of the events mentioned above.

the Buyer suspends, threatens to suspend, ceases, or threatens to cease to carry on all or a substantial part of its business. the price offered by the Buyer at the fall of the hammer in a sale by public or online auction; andExcept as set out in these Conditions, no variation of this agreement, including the introduction of any additional terms and conditions, shall be effective unless it is in writing and signed by the Agent. The Agent shall be entitled to vary these Conditions at any time. The version of the Conditions current at the time that a Buyer requests Sale Details, registers or submits a bid, tender or offer will apply to all dealings on those Sale Details.

The Buyer shall pay all amounts due under the Contract in full without any set-off, counterclaim, deduction or withholding (except for any deduction or withholding required by law). The Agent may at any time, without limiting any other rights or remedies it may have, set off any amount owing to it by the Buyer against any amount payable by the Agent to the Buyer. any matter in respect of which it would be unlawful for the Agent to exclude or restrict liability. a creditor or encumbrancer of the Buyer attaches or takes possession of, or a distress, execution, sequestration, or other such process is levied or enforced on or sued against, the whole or any part of its assets and such attachment or process is not discharged within 14 days. The price of the Lots is exclusive of any value added tax (VAT) payable. The Buyer shall pay to the Agent such additional amounts in respect of VAT as are chargeable on the sale price of the Lots and the buyer’s premium. Any lot description prefixed with an * will be subject to VAT chargeable on the hammer price. being an individual) the Buyer dies or, by reason of illness or incapacity (whether mental or physical), is incapable of managing his or her own affairs or becomes a patient under any mental health legislation.

Customer reviews

The Auctioneer has no liability for any bids which are not seen or received by the Auctioneer for any reason prior to the fall of the hammer. It is the responsibility of the Buyer to ensure that his bid is brought to the attention of the Auctioneer. being a company) the holder of a qualifying charge over the Buyer's assets has become entitled to appoint or has appointed an administrative receiver.

If any provision or part-provision of this agreement is or becomes invalid, illegal, or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal, and enforceable. If such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause shall not affect the validity and enforceability of the rest of the agreement. give the Agent such information relating to the Lots as the Agent may require from time to time, but, subject to complying with clause 5.4, 5.5 or 5.6 as appropriate the Buyer may use the Lots in the ordinary course of its business. The Buyer may not assign, transfer, mortgage, charge, subcontract, declare a trust over or deal in any other manner with any or all of its rights or obligations under this agreement without the prior written consent of the Agent.all Lots not meeting the terms set out in 5.5.1 and 5.5.2 will be used in accordance with all relevant statutes, rules, and regulations solely for dismantling for scrap or spare parts.

be used in accordance with all relevant statutes, rules, and regulations solely for dismantling for scrap or spare parts; No warranty is given that any Lot will be able to pass any tests or be capable of meeting any relevant statutes, rules, and regulations. transported, stored, commissioned, tested, maintained, and used in accordance with instructions for safe use and all relevant statutes, rules and regulations governing the use of those Lots, including the safe handling and disposal of any oils, lubricants, fluids, or other chemicals; or These Conditions apply to govern the process leading to and the process of the auction, tender or private treaty sale and the sale of the Lots themselves, including the viewing of the Lots. These Conditions apply to the exclusion of any other terms that the Buyer seeks to impose or incorporate, or which would otherwise be implied by trade, custom, practice or course of dealing. collection of the Lots shall be deemed to have been completed by close of business (5pm UK time) on the day of the Collection Deadline; and

Pumps

maintain the Lots in satisfactory condition and keep them insured against all risks for their full price from the date of Sale. in all cases, unless otherwise specified in relation to that Lot on the Sale Details, subject to a buyer’s premium of 15% plus 5% surcharge if online. notify the Agent immediately if the Buyer becomes subject to any of the events listed in clauses 15.1.1 to 15.1.12 inclusive; and