Shima Seiki SES-102FF (07G) knitting machine

On the instructions of a UK based Finance Company

IMPORTANT NOTE - GIVEN THE POSITIONS / LAYOUT OF THE KNITTERS ON SITE IN ROWS, SOME KNITTERS MAY NEED TO BE MOVED IN ORDER TO FACILITATE CERTAIN MACHINE REMOVAL.

Viewing: 

The site will be open for viewing on Wednesday 6 November 2024 by prior appointment only, bewteeen 11am and 1pm only  - please call 0161 872 7000 to make an appointment.

Sale Closes:

Online bidding closes from 11am on Thursday 7 November 2024.

If a bid is placed in the last 10 minutes, the time period will be extended by 10 minutes. This is to prevent 'sniping'.

Payment:

Accounts to be paid in full by no later than 5pm Monday 11 November 2024.

All accounts must be settled in full before any goods can be removed from site.

Permitted methods of payment are Bank Transfer.

This is a legally binding contract to purchase, if you are not sure, do not bid. We are unable to cancel your purchase after the auction closes.

OVERSEAS BUYERS: Any banking or related fees payable need to be paid by the purchaser. The invoice total must be received in full by Tallon Associates.

Clearance:

All equipment must be removed from site by no later than 5pm Friday 15 November 2024.  Please do not bid if you cannot meet the payment and collection deadlines. Failure to meet deadline will result in loss of goods and a disposal charge would be applicable

Collections are by appointment only between 9.00am and 4.30pm on Thursday 14 & Friday 15th November 2024.

Note: NO LIFTING GEAR IS AVAILABLE

A paid invoice must be presented in order for goods to be released.

The buyer must remove all lots purchased by the specified date unless prior arrangements have been made with the Auctioneers. Access to site following this date will be charged at a rate of £ 350 + VAT per day, access however can not be guaranteed.

Buyers Premium:

All lots are subject to a Buyers’ Premium of 17.5% + VAT.

VAT:

All lots are subject to VAT at 20%.

Bidding:

Your Highest Bid will be treated as a valid bid even if at the time of placing it the reserve is not met. Remember when placing a bid you are bidding to buy! The reserve can be reduced at any time.

At the close of the timed Online Auction Sale final bid figures will be submitted to the seller for approval and any Bid shall be subject to approval and acceptance by the Company/Seller. No bid may be withdrawn and the Company/Seller does not bind himself to accept the highest Bid or any other Bid placed in the course of the online Auction Sale.

Tallon & Associates reserve the right to reject any bids

The Buyer accepts that a sale by auction is not a consumer sale pursuant to the Sale of Goods Act 1979 Section 55(7) and the Unfair Contract Terms Act 1977 Section 12(2)

We reserve the right to bid on our clients behalf where we believe that the current bid is under market value.

Viewing:

We strongly recommend that all assets are inspected prior to bidding. Potential purchasers who do not inspect lots prior to bidding, do so at their own risk.

The condition and function of an item should be confirmed by the bidder, prior to bidding.  There will be NO Refunds or Allowance given after the closure of the bidding process. Your bid is your commitment to purchase. Not to view or negotiate after the sale.

All lots are sold as seen with no warranty expressed or implied.

All persons attending the site do so at their own risk and must adhere to Health & Safety legislation and ensure that any of their actions do not cause risk to themselves or others.

All persons attending the sale must not switch on / operate any equipment, move any lots (until their invoice is paid in full) or enter any “NON ENTRY” areas.

No persons under the age of 18 will be permitted on site under any circumstances

Persons attending the viewing will be held liable for any loss or damage they cause, and shall meet all costs, expenses, damages, losses and liabilities incurred in the rectification of the damage so caused

Errors & Omissions

It is assumed and strongly recommended that all bidders have viewed lots prior to bidding. Details are provided in good faith and they should not be relied upon as fact and buyers must make their own investigations where measurements, mileages, hours, condition or authenticity are critical. No allowances of any description whatsoever will be made in the event of problems as a result of failure to view.

Buyers should make themselves satisfied they are happy with the lot before they bid as viewing is available on all lots and all bids are non-retractable. We strongly advise bidders not to bid on any lots if they have not viewed to their satisfaction first. Our descriptions and photographs are not sufficient to rely upon for the purpose of bidding.

Odometer / Hour / Meter Readings

Odometer / hour meter readings are quoted for information purposes only and cannot be warranted and should not be relied upon, buyers should satisfy themselves by their own enquiries as to the mileage / km’s / hours worked by any vehicle or mobile plant included in a sale.

Invoices

Successful bidders will be notified within 48 hours of sale closure.

Invoices will be raised in the name of the registered party only and due care and attention should therefore be given at the time of submitting an offer to ensure the correct details are provided. Under no circumstances will invoices be altered following their issue.

Tallon Associates will only accept payment from and permit removal of lots purchased by the successful purchaser or their duly appointed agent confirmed in writing.

Overseas Purchasers

NOTE - AN ADMINISTRATION FEE OF £ 35.00 + VAT IS PAYABLE IN THE EVENT OF AN EXPORT SALE.

VAT @ 20% WILL BE CHARGED ON ALL LOTS THIS INCLUDES ANY LOTS PURCHASED BY OVERSEAS BUYERS FOR EXPORT. THIS IS NON-NEGOTIABLE AND IS APPLIED TO ALL PURCHASERS IRRESPECTIVE OF THE VAT REGULATIONS OF THEIR OWN COUNTRIES. VAT REFUNDS WILL ONLY BE MADE UPON RECEIPT OF THE APPROPRIATE AND NECESSARY EXPORT DOCUMENTATION.

VAT will be charged on all lots sold and must be paid in advance.

VAT charged on the bid price may be refunded where notification has been received by Tallon Associates within two working days of completion of the sale that the buyer intends to export the lots.  Where such notification has been received, the VAT will be levied at the point of sale and held, for a period of three months, from completion of the sale.  For these purposes, the completion of the sale is specified as 7 November 2024.

Important Notes

Bidders intending to export their purchases should note that Tallon Associates are not exporters, cannot provide advice on exporting, cannot advise on import restrictions or requirements and cannot provide ANY documentation to assist with exporting over and above a purchase invoice. 

The Buyer should note that the Buyer’s Premium is a supply within the UK and is not refundable irrespective of whether or not the goods are exported.

Subject to the above VAT will only be repaid in the following circumstances:-

VAT will be refunded upon receipt of export documentation in the form of the Bill of Lading, CMR consignment note, Airway Bill or other official documentation, to prove that the goods have been exported. The document must clearly identify all lots subject to our invoice and show that the goods have left the UK

In the event that the Buyer does not comply with the above terms, the VAT element will be transferred to the Seller in accordance with our standard VAT procedures.

Overseas Buyers: When registering overseas buyers must also provide:

• Passport details;

• other confirmation of their identity and address, eg. drivers licence;

• full bank details.

Tallon Associates must not be listed as the shipper on export documentation

Tallon Associates do not accept any liability for the goods in transit.

Exporting purchased lots from the United Kingdom may require compliance with UK export regulations and the obtaining of an Export Licence. Tallon Associates accept no responsibility for compliance with any export requirements which remain the purchaser sole responsibility.

Any bank charges (or related) are to be paid by the purchaser and will be deducted from the VAT refund.

A VAT Application Form must also be completed along with a company letterhead (or similar) which displays the company VAT number. All sections of the form must be completed and signed. Once the lots have been removed from the country Tallon Associates immediately require a copy of the transport documentation to support the application. Should this not be provided Tallon Associates reserves the right to invoice for the VAT amount.

Removal of Equipment

Collections by appointment only

Collections are by appointment only between 9.00am and 4.30pm (weekdays only)

It is the purchaser’s responsibility to dismantle and remove all lots from site. Unless stated otherwise, lifting equipment will not be available for use during collection and the buyer should make their own provisions in this respect.

Tallon Associates does not undertake packaging, postage, delivery or shipment of goods and the bidder must make his own arrangements to comply with the clearance terms.

Clearance of all lots must be taken in accordance with Health & Safety and Environmental Regulations. The Health & Safety at Work Act 1974, The Working at Height Regulations 2005, the Control of Asbestos at Work Regulations 2002 and Construction Design and Management Regulations 1994.

All equipment must be removed subject to Health & Safety legislation and all purchasers & their representatives must complete Method Statements & Risk Assessments and provide Electrician, First Aid and Forklift certification where necessary.

The purchaser should ensure that they / their contractors hold sufficient public liability insurance, copies of which should be made available to Tallon Associates if demanded.

Tallon Associates reserve the right to stop clearance if, in their own opinion, they believe it is being carried out in an unsafe manner or without the Method Statement and Risk Assessment.

Any building reinstatement is at the cost of the purchaser.

Vehicles

Buyers of motor vehicles and/or road-going powered plant are responsible for ensuring that prior to use on the road, that in all respects the vehicle complies with all legal requirements as to the construction and the use of such a vehicle and further more for obtaining all certificates, permits and other authorisations necessary.

Data Protection

By accepting our terms and conditions and registering to bid for an auction sale you are permitting Tallon Associates to use your data for future sales marketing purposes. Should you wish to be excluded from our internal mailing lists please advise accordingly.

Due to the Data Protection Act, all software and data will be removed from computers prior to selling, unless specifically stated.