ONLINE AUCTION OF 300 KVA/525 V GENERATOR, P&H CRANE, 32 TON CONDRA CRANE, CAT 3408B ENGINE, PARK HOME, CONTAINERS, TANKS, WINCHES, WELDERS, COMPRESSORS, RADIATORS, TRANSFORMERS, SCRAP ELECTRIC MOTORS, MIXED COPPER/ALUMINUM, SHOP DISPLAYS AND MORE

REGISTRATIONS ARE OPEN EVEN IF AUCTION IS ONGOING.
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 THROUGHOUT 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
ANRIE LLOYD: (+27) 72 255-0080 (CALLS OR WHATSAPP)
PANABID AFRICA OFFICE: (+27) 66 274-9808

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

COLLECTIONS & REMOVALS
GENERALLY 14 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.