Privacy and Legal

General

PROPOSED TERMS AND CONDITIONS FOR THE AUCTION OF 8 CARS AND 1 MOTOR BIKE FOR ASHARAMI SYNERGY (A SAHARA GROUP COMPANY) BLOCK 5 IJORA GRA BESIDES LAGOS WATER CORPORATION, IJORA, LAGOS.
A. GENERAL:
1. 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. 2. The Auction is a timed online auction only. 3. Only current members of staff of Sahara Group can participate in the auction. 4. Bids by any non-member of staff of Sahara Group will be nullified at any point of establishing that the bid was not by a member of staff. 5. The vehicles shall be sold Where-Is-As-Is. 6. Neither CRLimited Auction House nor Sahara Group will be responsible for any cost incurred by the bidder during /after the bidding process and any defect after payment. 7. Each Lot will be sold to the highest bidder.
B. Payment Terms:
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 24hrs 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 the amount of the winning bid.
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. Lot that is subject to a Reserved Price will be so indicated. No Lot is subject to a Reserved Price 4. Where a Guide Price is given it is not to be taken as an indication of the value of the Lot however bidders are advised to be truly guided by it.
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 Vehicles and particulars and SHOULD ONLY BID if satisfied with their condition and accuracy.
E. INSPECTION AND REGISTRATION:
1. Physical inspection is at Asharami Synergy (A Sahara Group Company) Block 5 Ijora GRA besides Lagos Water Corporation, Ijora, Lagos. 2. Inspection is from 10am Saturday 4th – Mon. 13th February 2023. 3. Registration is strictly online and the portal is asharami.crlimitedauctions.com. 4. You must be a current member of staff of Sahara Group to register.
F. PARTICIPATION:
1. Only members of staff (current employee) of Sahara Group can and should participate in this auction. 2. Any or all bids by non-employees will be immediately nullified 3. Participation is free