ONLINE AUCTION OF SURPLUS MINING, INDUSTRIAL AND CONSTRUCTION EQUIPMENT: CRUSHERS, SCREENS, CONVEYORS, STRUCTURES, PULLEYS, BELTS, CLIPS, VALVES, PUMPS, CONCRETE DUMPERS, BOBCATS, MIXERS, TRUCKS, TRAILERS, TONS OF SCRAP ELECTRIC MOTORS AND COMPONENTS

REGISTRATIONS ARE OPEN EVEN ONCE AUCTION HAS STARTED.
ALL LOTS TO BE SOLD SUBJECT TO CONFIRMATION TO HIGHEST BIDDER.
ALL REQUIRED DOCUMENTS FOR THIS AUCTION CAN BE FOUND ON OUR BIDDING PLATFORM OR ON OUR WEBSITE (AT THE BOTTOM OF THIS PAGE).
ALL LOTS ARE LOCATED IN WITBANK/EMALAHLENI, SOUTH AFRICA.
PLEASE ADHERE TO ALL COVID-19 RULES AND REGULATIONS IMPLEMENTED BY THE MINISTRY OF HEALTH DURING VIEWING AND COLLECTION OF ASSETS.

WHATSAPP LINE:
(+507) 6889-8047

REGISTRATION DEPOSITS AND CURRENCY PAYMENTS
ACCEPTED CURRENCY: ZAR OR USD
REGISTRATION DEPOSIT OF R5000 OR $500 REQUESTED.
ALL FICA/DUE DILIGENCE DOCUMENTS MUST BE SUBMITTED ALONG WITH REGISTRATION FORM AND PROOF OF DEPOSIT PAYMENT TO auctions@panabid.com

BUYER’S PREMIUM
10% BUYER’S PREMIUM CHARGED ON ALL LOTS SOLD.

SALES TAX AND OTHER EXPENSES
TAKE NOTE THAT VALUE ADDED TAX  (VAT) IS CHARGED ON THE 10% BUYER’S PREMIUM AND ON THE PURCHASE/SOLD PRICE.
15% VALUE ADDED TAX (VAT) ON PURCHASE PRICE (SOLD/HAMMER PRICE).
15% VALUE ADDED TAX (VAT) ON 10% BUYER’S PREMIUM.
R2500 (OR $250) CHARGE ONLY FOR LOTS WITH NATIS DOCUMENTS

VIEWING
DURING NORMAL WORKING HOURS
MONDAY – FRIDAY BETWEEN 08:00 TO 16:00 CAT

VIEWING CONTACT PERSONS
WITHIN SOUTH AFRICA:
NIMSI/PANABID AFRICA OFFICE: (+27) 13 691-2123/(+27) 13 691-1293 OR nimsi1@live.com
ANRIE LLOYD: (+27) 72 255-0080 (CALLS OR WHATSAPP)

ASSET COLLECTION
DURING NORMAL WORKING HOURS
MONDAY – FRIDAY BETWEEN 08:00 TO 16:00 CAT

COLLECTIONS & REMOVALS
GENERALLY 21 WORKING DAYS FROM CONFIRMATION OF ASSETS, BUT MORE TIME CAN BE ARRANGED IF NEEDED.
ALL ASSET REMOVAL COSTS ARE AT BUYER’S OWN EXPENSE.
CRANE FACILITIES ARE AVAILABLE FOR HIRE, DETAILS CAN BE SUPPLIED IF REQUESTED.
TRANSPORT SERVICES AVAILABLE FOR HIRE, DETAILS CAN BE SUPPLIED IF REQUESTED.
LIMITED ASSISTANCE WILL BE GIVEN BY NIMSI/PANABID AFRICA PERSONNEL.

INVOICING & PAYMENTS
ALL INVOICING WILL BE DONE ON CONFIRMATION OF ASSETS.
INVOICES WILL BE SENT VIA EMAIL TO SUCCESSFUL BUYERS.
ALL PAYMENTS CAN ONLY BE MADE VIA WIRED/ELECTRONIC BANK TRANSFERS.
EXCHANGE RATE AS ON INVOICE DATE FOR CUSTOMERS PAYING IN USD.

RELEASE OF ASSETS
ASSETS WILL ONLY BE RELEASED ONCE FULL PAYMENT REFLECTS IN THE NOMINATED BANK ACCOUNT OF PANABID AFRICA.
PROOF OF PAYMENT FOR ASSETS MUST BE GIVEN TO TRANSPORTER OR SHIPPING COMPANY THAT COLLECTS ASSETS.