Terms and Conditions
1. Auction date 11PM on Thursday 24th August 2023 - 11:00pm on Monday 28th August 2023
2. You can and should only participate in this auction on the basis that you accept the following terms and conditions relating to the conduct of the Auction.
3. The Auction is a timed online auction only.
4. The assets shall be sold Where-Is-As-Is.
5. Neither CRLimited Auction House nor WEBB SIGNATURES will be responsible for any cost incurred by the bidder during /after the bidding process and any defect after payment.
6. Each Lot will be sold to the highest bidder.
7. You can bid for as many items/assets as you want.
1. Payment is the full amount of the winning bid upon confirmation to the winner.
2. Failure to pay the full amount of the winning bid within 72hrs of confirmation will mean the cancelation of the sale to the bid winner.
3. In the event that the bid winner is unable to pay, the next highest bidder or any other bidder will be invited to pay.
4. All payments should be to:
Account Name: CRLIMITED AUCTION HOUSE LTD
Bank Name: Polaris Bank
Account Number: 4091663686
C. BIDDING & RESERVE PRICE:
1. Only online bidding within the specified time and by qualified registered participants will be accepted.
2. If there is a dispute over bidding, it is the entitlement of the Auctioneer to resolve same, and our decision is final.
3. Each Lot is subject to a Minimum/Opening Bid.
D. THE PARTICULARS & OTHER INFORMATION:
1. We have taken reasonable care to prepare the particulars that describe each Lot and match the items into Lots. However, we are not responsible for errors in this regards.
2. The particulars are for your information but you must not rely solely on them.
3. You must conduct an independent assessment of the assets and particulars and SHOULD ONLY BID if satisfied with their condition and accuracy.
E. INSPECTION AND REGISTRATION:
1. Locations for physical inspection are stated in the Catalogue
2. Inspection is from 10AM Thursday 24th – 05:00pm Monday 28th August 2023.
3. Registration is strictly online and the portal is crlimitedauctions.com.
1. Everybody is allowed to participate in this auction.
2. Participation is free
1. The platform for bidding will open by 11PM on Thursday 24th August 2023.
2. Bidding will close at 11:00pm on Monday 28th August 2023.
3. No late bidding will be accepted.
4. Each Lot will be sold to the highest bidder upon the closing of the bid. (Subject to clause B2 above).
1. Inspection and pick up of items is at Lekki Phase 1.
2. Cost of collection to be borne by the winner.
3. We do not do delivery.