SPECIFIC TERMS AND CONDITIONS

Auction timing: 

Starts: mer. 07/12/2016 heures 16:30
Ends: ven. 27/01/2017 heures 15:30

Viewing conditions:

Viewing time:

by appointment

All lots viewings must be booked. Please contact: info@gobid.it – tel +39.0737.782080

Payment condition: 

Deposit 

The present auction is subject to specific deposit for each single lot
 

In order to enable the user's participation, deposit has to be paid Via bank transfer to the following account:

MONTE PASCHI DI SIENA SPA
Agenzia di Fabriano
 
IBAN : IT 43 K 01030 21100 000000414486
Swift/BIC: PASCITM1K07

assigned to GOBID INTERNATIONAL AUCTION GROUP SRL

Deposit has to be necessarily credited before the auction deadline.
As soon as the deposit will be received, the user will be immediately allowed to bid.
The user has  to send an official proof of the deposit payment with transaction number  to the following address: info@gobid.it as well as a copy of a valid Identification document  assigned to the fisical person or the legal representative of the company registered to the auction together with chamber of commerce company registration.

In case participants will not award any lot, deposit will be refunded within 20 days from auction deadline, with no interests applied.

In the event of awarding sum paid as a deposit will be retained until completion of sale by property transfer to be achieved by notarial deed.

If, in case of awarding, after deposit payment, the bidder will not comply with the payment terms, the deposit will not be refunded.

Lot Awarding

Lots awarding will comply to art. 107 clause 4 L.F. (Bankruptcy Law).

After the auction deadline a provisional awarding confirmation will be sent to the user who will award the lot from which the user will have to comply with payments within the dates indicated. The provisional confirmation will be sent to the Principal who will inform, in accordance with art 107 L.F.,  each  mortgage holder, or provided with special movable privilege, and to inform the Delegte Judge (Giudice Delegato) and the Creditors Comittee of the result of the procedure, by registering the related documents in Law Court.

Fees

Notarial fess, law taxes and all the other expenses related to the sale, fiscal or not, will be on buyer's expense. The user who award the lots will have to pay the expenses within and no later than date of deed for property transfer. Buyer's premium due have to be paid within 10 days from the auction deadline.


Payment Methods

All payments have to be made exclusively by bank transfer. Account details will be indicated whether at the time of registration or  in conjunction with the awarding statement (in a private message to the user mailbox). (see General Terms and Conditions)

Payment deadline

Awarded lots have to be paid in full within 60 days from awarding and in any case no later than date set for property transfer 

Buyer's Premium due has to be paid within 10 days from awarding. 

Fees and expenses related to sale on buyer's expense (law fees, notarial fees, fiscal and non fiscal fees) have to be paid within and no later than the date of the deed for the transfer of ownership.

Property transfer

Property transfer will occur after the full payment of awarding price and all expenses due, by notarial deed in the
modes indicated by the Principal.

The principal  will communicate Delegate Judge to operate for the cancellation of prejudicial registration on the property goods subject of sale complying to art 108 l.f. 

In case of lack property transfer finalization, the sale will be canceled and the amount paid by the user who awarded the lot as Buyer's Premium will not be refunded, as a penalty.
 

Additional specific terms
 

Buyer's Premium: A charge of 2,00% + VAT will be added to the price of each awarded lot also in case of offers received related to art. 107 L.F (Bankruptcy Law).

The awarding has to be conferred to the participant who will present the highest bid for each lot.
The sale act will be stipulated by notarial deed according to the modes indicated by the Principal (see lot awarding).
In case the user who award the lots will not pay the amounts due within the terms agreed, the awarding will be conferred to the next highest bidder.
Bids are binding and constitute a formal commitment to purchase. In case the awarding to the highest bidder will be cancelled , awarding will be conferred to the next highest bidder and so forth.

VAT : Value Added Tax at a rate of 22,00% will be calculated on the awarding price and added to it. (where applicable)
VAT application may vary according to law depending on the awarding subject

Where possible, sale will be subject to VAT at option of assignor with application of reverse charge.

Extra-Time
In case a winning offer will be submitted within 5 minutes before the auction deadline, the  time  to place another bid will  be extended for 5 more minutes from the last bid received. Every other winning bid submitted within 5 extra-time minutes, will extend the time for placing another bid for  5 more minutes from the last bid received and so forth.Automatic overbids in case of maximum bid (proxy bid) are condisdered winnig bids as well.
 

In case of insurgency of  any controversy related to the interpretation of the dispositions included in the general and specific terms present in the website  translated in different languages, it will be applied the Italian language version of such texts