TERMS AND CONDITIONS OF SALE
This auction is subject to TERMS AND
CONDITIONS OF SALE.
1. THE COMPANY
The Company, EUR-SEREE COLLECTING CO., LTD., acts as agent between Vendors
and Purchasers only and shall not be liable for any default of the Vendor
Bidders are requested to register at our registration desks at least 30
minutes before the auction to complete bidders registration or our online
registration service and to receive a numbered paddle. Bidders will be
asked to supply a bank reference along with identification card or other
references deemed neccesary when registering. The Company has the right,
at our complete discretion, to refuse admission to the premises or
participation in any auction and to reject and bid.
All lots will be auctioned in numerical lots order as appear in the
catalogue. The Company will accept bids from those present in the auction
room, telephone, postal bids and/or absentee bids. All bids must received
and confirmed all details by the Company at least 36 hours prior before
the auction dateline except those present in the auction room 1 hour
4. PURCHASER’S PRICE
Prices indicated in this catalogue are minimum starting prices or reserve
prices but may open the bids at higher prices depending on the traffic of
the postal and absentee bidders.
All lots will be conducted in Thai Baht (THB). All others major currencies
indicated will be converted approximately to THB on the date.
All lots in this auction sale are subject to a purchaser’s premium of
7% VAT on the premium.
|| 700 THB.
7% VAT on purchaser’s premium
Postage & packing (if
any) will be charged at cost to the Purchaser.
5. BIDDING INCREMENTS
|500 THB. –
5,000 THB. – 10,000 THB.
10,000 THB. –
20,000 THB. – 50,000 THB.
|50,000THB. – 100,000THB.
||Increase by 2,000THB.
|100,000THB. – 200,000THB.
||Increase by 5,000THB.
|200,000THB. And up
||Increase by 10,000THB. Or
A bidder may bid at the minimum
starting price stated. Any bid below the starting price will not be
Please make payment in THAI BAHT (THB)
6. SUCCESFUL BIDS – THE PURCHASER
The highest bidder for each lot shall be the Purchaser thereof at one step
of bidding increment over the second highest bid.
In the event of any dispute, the Company shall have absolute discretion to
determine the dispute.
The highest postal or absentee bidder for each lot shall be the Purchaser
thereof at one step of bidding increment over the second highest bid.
the highest postal or absentee bidder summit the limit of a lot at
30,000THB. and the highest room bidder of the lot is 15,000THB. The
highest postal or absentee bidder will be the Purchaser of the lot at
The Company will act on behalf of the
postal or absentee bidder but will accept no responsibility for errors in
either understanding or executing bids.
The fall of the auctioneers hammer indicates the final bid.
The Auctioneer will call out and record the name
or paddle number of the Purchaser. Therefore, the person who registered for the
paddle becomes liable for the payment. If a postal or absentee bid is successful,
then the Purchaser will be notify immediately after the sale.
The Company reserves the right to refuse any bid or bids without explanation.
We remind prospective purchasers that descriptions given in this catalogue
are not guarantees but opinions only.
The Company exercise all reasonable care in the
description of lots and statements as to the genuineness of lots,but, subject to
the provisions of theseTerms, Conditions and Notices, such descriptions and
statements are not intended, nor are they to be taken as statements of
representations of fact but merely statements of the opinion of the Company
given in good faith. Provided however that The Company will warrant the
description and genuineness of all lots comprising five or less items on the
under mentioned terms of conditions.
A purchaser shall be at liberty to reject any lot comprising five or less items
only if he has made payment in full and if he gives the Company written notice
of intention to question the genuineness to the Company within 5 days of receipt
of invoice and by a purchaser overseas within 14 days of receipt of invoice.
The Company will arrange all necessary actions to get the certification from the
official authority of expertizing. All expense and risks during the period
generated by such certified procedure will fall solely on the requested
Only Thai Philatelic items will be able for certification and only the
Philatelists Association of Thailand (PAT.) will be accepted as the official
authority of expertizing.
In case of the PAT. is unable to perform the certification, other recognized
expert authority will be invited to do so.
Purchasers or their agents are responsible for satisfying themselves concerning
the condition of the property and the matters refer to in the catalogue entry.
No lots can be returned for certifying, if received and taken out of the
COMPANY’s premises by the Purchasers. The Purchasers or their agents should
better investigate their interesting lots by themselves.
comprising six or
or defined as
miscellaneous lots, collection, accumulation, mix lots, album, dealer’s stock,
overseas items, non-philatelic materials or “sold as is” and all similar related
will be sold “as is” and shall be put up for sale not subject to reject and
shall be acceptably taken by the Purchaser with all (if any) faults, lack of
genuineness or errors of description/number of items in the lot. Request for
certification will not be accepted and the Purchaser shall have no right to
reject any such lot.
No lot illustrated in the catalogue shall be rejected on the ground of
characteristics clearly apparent from the illustration.
In case of the inability of any recognized expert or expert committee to express
a definite opinion shall service to discharge the onus on the Purchaser and
shall be ground for rejection of the lot concerned.
Where the Purchaser of a lot discharges such onus of proof and acts in
accordance with all the Terms And Condition of Sale, the Company shall set aside
the sale and repay to the Purchaser the money paid by him in respect of the lot.
8. METHOD OF PAYMENT
The Purchaser may make payment by:-
||Banking transfer in the name of :
EUR-SEREE COLLECTING CO., LTD.
BANGKOK BANK PLC. CO., LTD.
Swift code: BKKBTHBK
A/C # 1460938051
accepted without charges only on the day of auction, otherwise 1.5% surcharge. Purchaser's premium of 10.70% will be added to the Hammer's price
Please note that all banking charges must
be solely borne by the Purchaser. No oversea personal cheque will be
9. REMEDIES for NON PAYMENT
If the Purchaser fails to make payment in full within 5 days of receipt of
invoice and by a purchaser overseas within 14 days of receipt of invoice,
or such longer time as shall be agreed in writing between THE COMPANY and
the Purchaser, the Company shall be entitled to exercise one or more of
the following rights or remedies:
||to hold the
defaulting Purchaser liable for the total amount due and to commence
legal fees and costs to the fullest extent permitted under the Thai
||to cancel the sale;
||to resale the property
publicly or privately;
||to take such other action as
we deem necessary or appropriate.
bidding agent purchases on behalf of an undisclosed client such agent
will be personally liable for the payment of the purchase money to the
COMPANY and for safe delivery of the lot to the said client.
shall remain the property of the Vendor, until paid for in full, but
shall be at the Purchaser’s risk from the fall of the hammer. Each lot
shall be paid in full before delivery.
10. LAW and JURISDICTION
The rights and obligations of the parties with the respect to these Terms
and Conditions of Sale, the conduct of the Company and any matters
connected with any of the foregoing shall be governed and interpreted by
the Thai laws.
By bidding at the auction, whether present in person or by agent, by
postal bid, absentee bid, telephone bid, or other means, the purchaser
shall be deemed to have accepted these Terms and Conditions of Sale and
submitted, for the benefit of the Company, EUR-SEREE COLLECTING CO., LTD.,
to the exclusive jurisdiction of the Thai Courts.