Baner

  • Polish 

CONDITIONS OF THE AUCTION

PARTICIPATION IN THE BIDDING

1. Both individuals persons and corporate buyers may participate on equal terms in the bidding without any restrictions.
2. In order to participate in the bidding one must pay the deposit of EUR 2.000,00 (say two thousand EURO) either to the account of Polturf Barbara Mazur or at the Sale Office half an hour before the auction. 
3. The payment of the deposit allows one to participate in the bidding of each horse. By paying the deposit the buyer accepts the conditions of the Sale and makes a commitment to abide by them. Persons participating in the bidding are obligated to sign the Sale regulations.
4. The paid deposit is treated as an integral part of the contract price for one horse only. Each next purchase requires an additional deposit of EUR 2.000,000 (say two thousand EURO).
5. The deposit will be returned immediately after the auction if the purchase is not effective.
 
BIDDING AND THE SALE OF THE HORSES
6. The bidding will be conducted in the usual way practiced at horse auctions. The bidding will be conducted in EURO. The minimum bidding increment is to be EUR 1.000,00 (say one thousand EURO).
7. Each horse has a reserve price. The reserve price will not be made public before, during or after the auction. Each horse sells after achieving its reserve price, unless otherwise stated.
8. The person who the auctioneer recognized the highest bid from becomes the Buyer. 
9. The purchase price, being the highest bid recognized by the auctioneer, is the final net price and non-negotiable. The bid purchase price is the price net, which will be increased by VAT at the applicable rate (8 per cent). The VAT amount will be reimbursed to the Customers who:
- possess a European Union VAT registration number and will confirm the intra-community delivery of the collected horses
or
- will submit exportation documents, confirming exportation of the purchased horses out of the territory of European Union, under the condition, that the customs export procedure was started in the territory of Poland and will be completed within 6 months from the date of making full payment for the purchased horses.
10. The auctioneer reserves the right to refrain from accepting any bid or to make the particular bidding null and void without giving any reason therefore.
11. If any dispute arises between two or more bidders the horse in dispute will be immediately put up for advance bidding starting from the highest level reached before the dispute arouse or the dispute will be settled by the auctioneer.
12. Polturf Barbara Mazur reserves the right to withdraw any lot or lots from the auction before or during the bidding without giving any reason therefore. 
 
DESCRIPTION AND HEALTH 
13. Each horse offered for sale has a confirmed pedigree and is registe red in the Polish Arabian Stud Book.
14. Each mare being described as “in foal” has a breeding certificate and a veterinary surgeon statement in written form confirming pregnancy with the date of examination. The certificate along with its copy is available to be seen in the Sale Office. If Polturf Barbara Mazur does not obtain the breeding certificate of the mare before the bidding starts, Polturf Barbara Mazur reserves the right to announce that the breeding certi ficate has not been presented. 
 
BUYER’S DUTIES
15. The Buyer of each horse is obliged:
a. to sign the contract presented by Polturf Barbara Mazur right after winning the bidding or obtaining the right to purchase; 
b. to state exact personal data and present an identification document or documents confirming the legal status of his/her business (corporate buyers only); 
c. to pay the total contract value, deducting the deposit amount, in cash, by check or by unconditional money order to Polturf Barbara Mazur account in 
Bank Gospodarki Żywnościowej IV O/ Warszawa, 
Account number 30 2030 0045 3110 0000 0006 6890
within seven days counting from the date of the sale (domestic and EU buyers only) or within seven days counting from the date of obtaining veterinary test results allowing the shipment of the horse abroad (foreign buyers only). Extension of the payment deadline could be done exclusively on the basis of a bank guarantee presented by the Buyer. 
d. to present, on Polturf’s request, the guarantee of covering all the expenses connected with the maintenance of the horses after the auction including stabling costs as well as the export shipment including costs of veterinary tests, forwarding expenses, custom clearance, costs of shipping the blood or serum samples to the laboratories performing the test etc. 
e. to pick up each horse, purchased during the auction, at his own ex pense on the date and at the place named by the owner of the horse.
16. If the Buyer would fail to fulfill any of the conditions specified in point 15: 
a. he loses the deposit without the possibility of its return or any negotiation; 
b. he loses the right to the horse as though he would resign from the purchase; 
c. each horse and the offspring foaled after the auction out of the mare described as “in foal” may be sold once again. In any case the sale might be effected right away or later on during a public auction or direct sale.
17. The title of possession concerning either the horse being purchased or the offspring being foaled after the auction of the mares described “in foal” would not be transferred to the Buyer unless he should pay the total amount of money being due including all the remaining expenses connected with the present conditions or other dues towards Polturf Barbara Mazur.
18. Risk connected with the horses being purchased and the offspring being foaled after the auction is being transferred to the Buyer with “the fall of hammer” during the auction.
19. If the Buyer would refuse to pay the money due for any horse within the time being stated in these conditions either Polturf Barbara Mazur or the owner of the horse has the right to demand the payment from the Buyer as well as to find and use all legal terms to obtain that.
20. Picking up the horse being purchased from the place of the auction would be possible only in case of immediate payment of the total contract value in cash, by confirmed check or by confirmed money order to Polturf Barbara Mazur account.
21. Right after the auction is finished all the horses being sold should be shipped back to the stables of the owner of the horse in order to be maintained there at the Buyer’s risk and the expense of the owner up to 30 days after the Sale. Further stabling is possible at the Buyer’s expense of EURO 10,– per day.
22. Other solutions of the transportation or the maintenance of the horses after the time being stated in these conditions may be settled directly between the Buyers and the owners of the horses on the basis of separate agreements. 
 
INSURANCE
23. Immediate full mortality insurance coverage is effective upon the fall of the hammer, for the amount of the total purchase price. The insurance arranged by Polturf Barbara Mazur with C.Jarvis Insurance of Solon, Ohio USA, will remain in effect until the purchaser signs the contract or until midnight of the first business day after the sale, whichever occurs first, by which time it is the obligation of the new owner to arrange permanent insurance if desired. 
 
NOTICES FOR THE PURCHASERS
24. It is highly recommended for each Buyer to carefully inspect the horses before the purchase. 
25. All the horses are being sold on the conditions stated by Polturf in these rules. All statements and corrections concer ni ng the data in the cata logue announced during the auction are in force and due to that all the Buyers are obliged to be present at the beginning of the bidding of a parti cular horse in order to learn all announcements concerning this horse. 
 
RESPONSIBILITY FOR THE HORSES
26. All persons present at the ground of the event throu ghout the entire time are doing so at their own responsibili ty. Organizers of the auction will not be held responsible for any loss or damage, which could happen to any persons during the whole event.27. The owner of the horse is responsible for the damage of the horse as a result of any disease, accident or any other cause, from the moment of entering the ground of the auction and during the whole stay unless the particular horse would be sold which should result in transferring the risk concerning the horse to the Buyer with “the fall of hammer” or in the moment of sale if a direct sale is effective.
28. Polturf is not responsible for any horse, neither for any dama ges nor for any bruises, which could occur during stabling the horses at the ground. Polturf reserves the right to inspect a particular horse or all the horses entering and/or stabled at the ground of the event and to forbid the entrance or to decide to isolate any horse conside red to be not suitable for sale due to any reason. 
 
SUMMER SALE CONDITIONS
PARTICIPATION IN THE SALE
1. Both individual persons and corporate buyers may participate on equal terms in the bidding, without any restrictions.
2. In order to participate in the bidding one must pay a deposit of EUR 2000 (say: two thousand Euro) either to the account of Polturf Barbara Mazur 
or at the Sale Office before placing the first declaration of purchase.
3. The payment of the deposit allows one to participate in the bidding of each horse. By paying the deposit the buyer accepts the conditions of the Sale and makes a commitment to comply with them. Persons participa­ting in the bidding are obligated to sign the Sale regulations.
4. The paid deposit is treated as an integral part of the contract price for one horse. The deposit will be returned directly after the auction if the pur­chase is not effective.
5. The paid deposit entitles the buyer to purchase only one horse. Each next purchase requires an additional deposit of EUR 2000 (say: two thousand Euro).
 
BIDDING AND THE SALE OF THE HORSES
6. Each horse has a reserve price. The reserve price will not be made public before, during or after the sale. Each horse sells after achieving its reserve price, unless otherwise stated.
7. The bidding will be conducted in the usual way practiced at horse auctions. The bidding will be conducted in Euro. The minimum bidding increment is to be 100 EUR (say: one hundred Euro). 
8. The person who the auctioneer recognized the highest bid from beco­mes the Buyer.
9. The purchase price, being the highest bid recognized by the auctioneer, is the final net price and non-negotiable. The bid purchase price is the price net, which will be increased by VAT at the applicable rate (8 per cent). The VAT amount will be reimbursed to the Customers who:
• possess a European Union VAT registration number and will confirm the intra-community delivery of the collected horses
or
• will submit exportation documents, confirming exportation of the pur­chased horses out of the territory of European Union, under the condi­tion, that the customs export procedure was started in the territory 
of Poland and will be completed within 6 months from the date 
of maki­ng full payment for the purchased horses.
10. All remaining conditions of purchase are identical to those of the Pride of Poland Sale.
 

 

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