Our Auction Service

GENERAL CONDITIONS FOR REGISTRATION AND PARTICIPATION (HHT RULE)

Before participating this Auction, please read this following conditions carefully and subscribe the application at the registration.Company and/or person subscribed the application will be considered as the participants who agreed with the conditions.Participations in the Auction is at your own risk.Participants shall take the responsibility for any injury or demages at the Auction.The auction organizer and/or its agents shall not take the responsibility for any burden that could have come along with the Auction.

In order to participate in the Auction , please contact HHT site office and make pre-registration .All applicants will be required to provide the following documents for registration to prove your bona fides.Pre-registration may be made via fax or with registration column on our web-site.

Passport (for Non-myanmar applicants)

Drivers’ license or Identification with photo showing age and address of the applicant(for Myanmar applicants)

New auction member will be selected under the following criterion.A new applicant is required to submit the following criention.A new applicant is required to submit the following before the Auction.Please note that in the event of new Auction members registered during this Auction,such members may not participate this Auction.

*For the registration of new members,advance screening is necessary.

Two referrals from HHT members

Company profile (please fill in our questionnaire)

In some cases , a deposit is required for first participation.(For details, please contact Administration.)

Registration application forms are provided at each site.It is also possible to apply via the Web.

Please note that we can not clarify on the decision of member selection.Applicants may not be allowed to join HHT member as the result of screening.

All equipment will be sold to the highest bidder.As the minimum price for each equipment is set by HHT,bidding may not be always successful.In the event that two or more participants submit the same bidding price, the successful bidder will be decided by lot drawing.The method of bid is to fill in your register number and company ‘s name on the bid form and put it in the bidding box.This Auction is not a “Parade-Style” auction.In the event that the HHT site office can not contact the bidder due to the irregularities in the bid form,the auction organizer will determine on whether to complete the bid.

All prices  are indicated in Myanmar Kyat and Myanmar Kyat is the only currency accepted for all finance-related transaction.

* HHT WEB and/or its agents shall not guarantee,express or implied,against the attribution of ownership

other rights,defect,etc for all equipment which are sold in this Auction.Please check the equipment by your

self before bidding,as all equipment by yourself before bidding,as all equipment by yourself before bidding

,as all equipment sold is “As-Is”.The auction organizer and/or its agents

*After falling of the hammer or closing of the auction period,the successful bidder of such equipment shall

be liable for all damages,including but not limited to the demages arising from seize-uo,failure,oil leak and

defective battery due to any facters of the time passage and weather,and the auction organizer and/or the

exhibitors shall not be liable for such damages.If the equipment is in need of repair,the repair shall be set

up by the successful bidder at his own risk.

*Especially,the auction organizer and/or the exhibitors shall not be liable for any trouble,including but not

limited to accidents and seize-up when carrying the equipment out.

*The exhibited equipment may be inspected at each Auction site.The participants shall the responsibility for

accidents or damages happened while in Auction.The auction organizer and/or its agents shall not bear any

responsibility for such accidents or damages.

*The determination of equipment price shall be made on the basis of the equipment ”As-Is”,As regardless of

model ,type,model year,ultization,specifications,etc in machine lists which is used as reference.

With respect to the machine lists on web-site and/or the related papers distributed at or transferred from the Auction sites ,the auction organizer and/or its agents shall not be responsible for miss entry on model year,type,utilization,specifications of the exhibited machine.

All prices are indicated in Japanese Yen equal value as Myanmar kyat delivered “Ex-Yard”.The consumption tax shall be separately charged according to Myanmar tax laws.All expenses such as transportation fee from HHT STOCK YARD etc. or exporting fee shall be borne by successful bidder.(This includes expenses (IMDG) incurred for work concerning freight designated as hazardous material as determined by the International Maritime Organization (IMO) or Maritime Safety Committee (MSC),and also expenses for radiation checking at this time of port arrival.)

All arrangements related to the transportation of successful equipment shall be made on the responsibility of the successful bidder.(Please consult with the HHT site office about the shipping arrangement,if necessary.)

Payment terms: Advanced payment by wire transfer to the bank account mentioned below;

SUMITOMO MITSUI BANKING CO;

*************** BRANCH

CURRENT A/C No.************

ACCOUNT NAME: HTOO HAN THIT TRADING CO;LTD

100% of the contract amount shall be paid by the designated date.Any equipment purchased during the Auction will be released at the Auction site only after the payment has been received in full by the auction organizer.

Any L/C(s) are not acceptable.Any illegal documents such as an under-valued Invoice are not be issued by us.

Payment funds must be received by two weeks prior to the next auction will not be accepted.

Overdue interest at the rate of twenty five percent (25%) per annum is to be applied to late payments.In the event of cancellation or default of agreement ,fifty percent (50%) of contract price shall be paid as cancellation fee by the successful bidder.Overdue interest and/or cancellation fee shall be paid to the above bank account.I such cases,the ownership of the equipment still belong to the auction organizer.All suit stemming from this Auction shall be governed by Tokyo Summary Court or Tokyo District Court under the laws of Japan.

The request for the vehicle inspection certificate, certificate of assignation and other necessary documents for this Auction shall be made within 1month after the completion of tion.Such a request thereafter is not acceptable.Please note that we can not present any documents which are not held by exhibitors.Automobile tax or other expenses incurred at the change of the fiscal year shall be born by successful bidder.

All awarded equipment shall be removed from the auction site within 14days.The auction organizer shall not be responsible in any way for the equipment after this date.

The storage fee of 0.5MMK per unit per day will be imposed on all equipments after exceeding the time limit for removal.

This Agreement shall be governed and construed under the Laws of Myanmar.Should any dispute arise in connection with this Agreement ,Yangon District Court,Myanmar shall exclusively have the jurisdiction over such a dispute.In the event of export of the awarded equipments,all export business shall be subject to approval of Myanmar government for Export.

The Laws of Myanmar stipulate that the E/L is necessary to make exportation for the purpose of the development,manufacturing,or storage of weapons for mass destruction such as nuclear,biological or chemical weapons and missiles or conventional weapons.

In cases where a customber who is a foreign national exports awarded equipment,export under the terms EX-YARD,EX-WORKS,and EX-GODOWN cannot be accommodated.

In case for oversea Exporter,Htoo Han Web Auction shall be only be as Agent for Export.

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