ALJASSIMYA FARM ONLINE AUCTION - TERMS & CONDITION
1) INSPECTION OF HORSES
All the Al Jassimya Farm (“AJF” or “Seller”) online auction lots offered are available for public inspection at Al Jassimya Farm in California under prior appointment.
2) REGISTRATION
To participate in AJF online auction (“Auction”) and be entitled to place bids, a registration form must be filled online and submitted with all details and information requested. The online registration will activate an official account on AJF Auction website, which will enable the user to bid online for the entire duration of the Auction. After filling up and submitting the registration form, a deposit of Two Thousand Five Hundred Euro (2500 EUR) (“Deposit”) must be made, upon such payment the account will be activated and enable the user to access the bidding system.
a. In the event of a successful buy, the buyer must pay the horse in full according to point (4) and (9) below of this Agreement. Once the payment is acknowledged to be received by the Seller, the buyer’s Deposit shall be reimbursed in full.
b. In the event no purchase has been made during the Auction, the Deposit will be unlocked and transferred back to the credit card.
c. In case of a successful bid followed by a missing payment from the buyer, the Deposit is to be retained by the Seller, AJF, and will not be reimbursed in any case whatsoever.
If the buyer is in contact with an Official AJF broker, the broker code has to be added in the registration form during the account creation and user registration.
3) BIDDING PROCEDURE
Prospective buyers can register prior or during the Auction. The Auction will last for seven (7) days with open bidding from all over the world.
All prices are in United States Dollars. The price listed do not include any VAT. The highest bidder shall be the buyer and sign the “Acknowledgement of Purchase” attached herewith subject to clause 6 below. The Acknowledgement of Purchase is a binding agreement and shall be signed by any successful bidder, otherwise, the horse will go back in the Auction.
AJF reserves and shall solely have the full right, at any time whatsoever, before the horse is sold at Auction, to withdraw the lot from sale for any reason.
4) FINANCING
Subject to clause 2.a above, any successful bidders of the Auction (“Buyer”) must tender/pay the full horse purchase price as per the terms of clause 9 below.
Any successful bidder failing to promptly make payment subject to the above clause, will be automatically declared in default and loose the Deposit and the lot shall automatically revert to the Seller sole ownership.
In case of a successful payment, the horse purchased must leave the farm in California within a maximum delay of fourteen (14) days after the receipt of the full payment by the Seller. The Buyer shall solely pay any and all transportation’ costs from AJF in California to any other location of the Buyer. In case of delay, an official written email/notice shall be sent to the online Auction AJF team justifying the reasonable reason of such delay and defining a final timeline for the transportation of the horse and a fee of 500 USD per month will be charged to the new registered Buyer.
5) SALES TAX
The Buyer agree and acknowledge that the purchase price, being the highest bid recognized, is the final net price and is non-negotiable. The bid purchase price is the price net and without VAT.
6) CANCELLATION OF SALE
Should the Buyer not sign the ‘Acknowledgement of Purchase’ 30 minutes following its receipt (or in the case of online bidding revoke the confirmation of sale by e-mail), the horse may be auctioned a second time or offered to the second highest bidder. In this case, the first buyer is fully liable for the possible loss of proceeds.
After signing the ‘Acknowledgement of Purchase,’ no cancellation policy will be possible.
7) CONDITIONS OF SALE
With the acceptance of the bid, all risks are transferred to the Buyer. No objection shall be admissible thereafter. The horses are sold in the condition in which they are presented online on the Auction website.
The Seller cannot be held liable under any circumstances. The change of ownership will only take place after acknowledgment of the Seller to receive full payment of the purchase price. No claims of any kind whatsoever shall entitle the Buyer to retain the purchase price or any part thereof.
Transportation costs, registration costs and passports costs, are fully on charge of the new registered Buyer.
If the Buyer wishes for a veterinarian check to be conducted for the interested or purchased horse, the vet check is entirely at the expense of the Buyer and is to be organized by the Buyer during inspection.
Please review the purchase contract to familiarize yourself with the document prior to the bidding round.
8) BUYER'S EXPENSES
The Buyer shall bear the costs for the stabling and care of the horse between the knockdown and the transportation. The Buyer will be charged for boarding and other costs that may be incurred subject to the terms of this Agreement.
9) TERMS OF PAYMENT
Payment is to be made after the purchase by bank transfer in one single operation. The payment is intended to be NET and without any additional bank wire costs.
The payment must be done at the following bank in one transfer:
ACCOUNT NAME : AL Jassimya Farm
BANK NAME: Masraf Al Rayan
IBAN: QA90 MAFR 0000 0000 0003 129747 002
BIC: MAFRQAQAXXX
A copy of the payment must be sent on the same day to the AJF team for acceptance.
10) TRANSPORTATION
AJF is partnering with ‘Fly your horse’, a transportation company who can provide special rates to the AJF online Auction Buyers. The transportation costs are entirely at the buyer’s expense as per the terms of this Agreement.
11) SELLER'S RIGHT
The Seller reserves the right to change the course of the programme. This includes the right to offer horses for Auction together, separately, or not at all.
12) HORSE INSURANCE
Horses are not insured after the knockdown. Life insurance can be arranged at the total expense of the Buyer.
AJF online auction is partnering with Jarvis Insurance for the project, which offers packages to ensure the horses. After the purchase, AJF is not responsible for anything that could happen to the horse, the full responsibility and liability of the purchased horse is automatically transferred to the Buyer at its own sole expenses, as well as the costs for the Insurance on the horse, if applied.
13) TERMS AND CONDITIONS
The terms and conditions of the Auction and all claims arising there from shall be construed in accordance with law of Qatar and any action arising out of or in connection with the terms and conditions of the Auction shall be governed by and construed in accordance with the laws of Qatar.
By registering to the Auction site, the user automatically signs and shall be bound with the Terms and Conditions. Thereafter, any bidder must behave as per the rules of AJF.
In case of unlawful behavior, AJF is entitled to take legal action against the buyers.
Get in touch with the team for more information.