REGISTRATIONS ARE OPEN EVEN IF AUCTION IS ONGOING.

TAKE NOTE THAT A BIDDER'S PROFILE HAS TO BE CREATED, AND THEN AFTERWARDS YOU SHOULD OPT IN TO REGISTER FOR THE AUCTION AS WELL.

ALL LOTS ARE LOCATED THROUGHOUT SOUTH AFRICA.
ALL LOTS TO BE SOLD SUBJECT TO CONFIRMATION TO HIGHEST BIDDER.
PLEASE ADHERE TO ALL COVID-19 RULES AND REGULATIONS IMPLEMENTED BY THE MINISTRY OF HEALTH DURING VIEWING AND COLLECTION OF ASSETS.

CLICK HERE TO DOWNLOAD THE REGISTRATION FORM FOR THIS AUCTION (IT CAN BE FILLED OUT ELECTRONICALLY OR PHYSICALLY).

CLICK HERE TO DOWNLOAD/VIEW THE BANKING DETAILS FOR LOCAL SOUTH AFRICAN TRANSFERS.

CLICK HERE TO DOWNLOAD/VIEW THE BANKING DETAILS FOR INTERNATIONAL TRANSFERS.

WHATSAPP LINE:
(+507) 6889-8047

REGISTRATION DEPOSITS & CURRENCY PAYMENTS
ACCEPTED CURRENCY: ZAR OR USD
REGISTRATION DEPOSIT OF R5000 OR $500 REQUIRED.
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/SELLING PRICE.
15% VALUE ADDED TAX (VAT) ON SOLD PRICE (HAMMER PRICE/PURCHASED PRICE).
15% VALUE ADDED TAX (VAT) ON 10% BUYER'S PREMIUM.
R2500 (OR $250) CHARGE ONLY ON LOTS WITH NATIS DOCUMENTS.

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

VIEWING CONTACT PERSONS
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 TO 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.
TRANSPORT AND/OR CRANE 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 DATE OF INVOICE ISSUED 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.