Key Terms Of Sale

*LOTS WILL BE INVOICED AT 1GBP = 93INR*

Sale Starts: Monday 6th July

Sale Closes: Monday 20th July at 1:30pm (GMT) / 6:00pm (IST)

Online Auction Process

Lots with the minimum price achieved will display

‘Reserve met’

Lots with the minimum price not achieved will display

‘Reserve not met’

During the last 5 minutes of the Sale each Lot is subject to a 5 minute time extension

If you are outbid, you will receive an email notification to increase your bid

For all Domestic On Site Enquiries and to arrange viewing please contact - 

Arjun 00 91 9540881237 / Malikarjun 00 91 8130896779

In order to protect both the bidders and our staff we are taking steps to help limit the spread of Coronavirus (COVID-19) and are ensuring that Government guidance regarding Social Distancing is strictly followed.

On this basis, visitors to site are welcomed on an Appointment Only Basis.

Please limit attendance onsite to no more than two people per organisation/family.  Groups’ greater than two people will not be permitted onsite.

We would request that all visitors to site adhere with the Social Distancing Regulations in place at the relevant time.

If you have any symptoms of Covid-19 please do not travel to site under any circumstance.

Gloves and Hand Sanitiser will be made available to all visitors.

COVID-19 TERMS: The terms of viewing shall at all times, be subject to respective guidelines and notifications issued by the Central, State and the local government bodies, related to Covid-19 and as applicable, from time to time. Though, JCB India is and will take all precautions in line with the governmental guidelines/directions/orders on COVID-19, it is clarified that there exists an inherent risk of exposure to Covid-19 in any public place where people are present and by visiting JCB India, the bidder voluntarily assumes all risks related to exposure to Covid-19. The bidder shall abide by all such terms and conditions. Subject to the aforesaid:

1.     a.    IMPORTANT NOTICE: Registration and Security Deposit (EMD) is required in order for you to be able to Bid. Upon receipt of the Security Deposit (EMD) you will be approved to bid. Upon registration,the account details should be kept strictly confidential and you must not permit any third party to use or access your account on your behalf or otherwise. You will be liable and accountable to all the bids made via your account. You should ensure that you have provided all information as is required for registration, and further warrant that all such information is accurate, true, current and complete in all regards. You shall at all times maintain the accuracy of your account information and ensure that the information is correct and accurate.Deposit - A Security Deposit of £1,000 GBP Sterling is required from all Global Bidders. An EMD of 100,000 INR is required from all Domestic Bidders. Once your Deposit has been received you will be approved to be able to Bid in the Sale. You will not be eligible to Bid without a Deposit being received by JCB India, so please allow time for the Bank Transfer.

   PLEASE CLEARLY STATE YOUR INDIVIDUAL OR COMPANY NAME ON THE BANK REFERENCE TOGETHER WITH THE REFERENCE ‘AUCTION’

     Account Name: JCB India Ltd

   Beneficiary Address: JCB India Ltd, 23/7 Mathura Road, Ballabhgarh, Haryana

     Bank Name: Barclays Bank PLC

    Bank Account Number: 000003988961

    MICR Code of Bank: 110658002

    IFSC Code: BARC0INBBIR

    SWIFT Code: BARCINBBMUM

2.    If you are unsuccessful in Bidding, your deposit will be returned by JCB India (within 2 weeks from the Sale Closing) to the original account from which the deposit was received and without any interest, through electronic transfer. Requests to transfer monies to any other account will not be entertained.

 a.    In order to Bid, we also require your PAN Card Number and (GST Registration Certificate) if applicable, with the proof to be emailed to jcb@amsauctions.co.uk

3.    Bidding Currency: GBP Sterling 

4.    Invoicing: AMS will issue a Proforma Invoice to the registered bidder who is successful in the bid. Domestic buyers will be issued invoices in INR with Export buyers issued an Invoice in GBP Sterling. Upon receipt of full payment JCB India will issue a Sales Invoice to the registered bidder who is successful in the bid.

5.    GST: Global Buyers will be invoiced at Zero Rate with proof of Shipping Documentation and any supporting paperwork (requested by AMS or JCB India.) Domestic Buyers will be invoiced at the applicable GST Rate (together with necessary Local Taxes as applicable.)

6.    Lots: All items Sold as Seen, no warranty implied or given.

7.    Viewing Locations: PLEASE NOTE THAT DUE TO COVID-19 VIEWING IS STRICTLY BY APPOINTMENT ONLY. 

a.    JCB India, 23/7 Mathura Road, Ballabgarh, Delhi.

b.    JCB India, Talegaon Dabhade, Pune.

8.  Viewing: Monday 6th - Friday 17th July, 10am - 4pm Local Time. Bidders must report to JCB Security when viewing. Bidders are advised to inspect any Lot for which they intend to bid. All bidders attending onsite are required to comply with Health and Safety regulations including those pertaining to COVID 19.

9.  Online Auction Closes: Monday 20^th July 2020, 1:30pm (GMT) / 6:00pm (IST). Subject to time extensions, If a bid is placed in the last 5 minutes the lot will continue for a further 5 minutes until no further bids are placed.

10.  Payment and Collection: Subject to the Covid-19 terms, collection strictly by appointment only by no later than 1pm on Friday 14^th August 2020. Ex Works collections from relevant location. Buyer is responsible for the removal and transportation of Lots purchased in Auction. Purchaser is responsible for all onward shipping costs/taxation/export duties.

11.  JCB India offers no guarantees as to the road-worthiness of any of the vehicles in the lot, made available for sale in this auction. In the event that a successful bidder fails to comply with the specified payment terms, the Deposit/EMD will be forfeited and the Bid would stand cancelled.

12.  Shipping Enquiries: Vikram Katre at 20 Cube Logistics, Gurgaon, India - 00 91 124 4412230

13.  Please Note: Your highest bid will be treated as a valid bid even if at the time of placing it the Reserve is not met.

14.  Asset Management Services (UK) Limited provide the online bidding service ‘as is’ and without any warranty or condition, express, implied or statutory. Without limiting the foregoing, we accept no liability for any failures, delays or errors caused by interruptions in the availability of the online bidding service or our website or any errors or defects in their content or functionality, any software and/or hardware defects (whether the potential Buyers or Asset Management Services (UK) Limited) and or any internet connection problems (whether the potential Buyers or Asset Management Services (UK) Limited) and Asset Management Services (UK) Limited do not represent or warrant that the Asset Management Services (UK) Limited website or online bidding platform will be error free, virus free, or that any defects will be corrected.

15.  A reliable/stable broadband internet service connection is highly recommended to achieve the best bidding experience. If, however, you are unsure of the reliability/stability of your internet connection, please use the maximum bid facility.

16.  Bidders are advised to periodically refresh their bidding page to avoid any unforeseen interruptions within the bidding system and/or browser.

17.  Computer system requirements: You can use a PC, Mac Tablet or smartphone, if you are using Internet explorer it must be IE9 or above. To listen to live audio, you will need Adobe flash player. Your system should be up to date with the latest updates from Microsoft, Apple or your operating system vendor. Adobe reader is required for PDF report