![]() “Special Conditions” means any additional conditions that are attributable to that specific Sale. “Buyers Premium” means payment to the Auctioneers by the Purchaser for each Lot, on which VAT is chargeable, at the rate as advertised for that Sale. “Auction Period” means the duration of the timed auction as advertised. “Reserve Price” means the minimum price fixed by either the Auctioneers or Vendor at which any Lot is to be sold in the sale. “Sale Price” means the price at which a Lot is sold to the winning Purchaser. “Storage Location” means the venue at which the specific Lot is stored during the sale period and is available for viewing (Please note Stags Auctioneers will not always be able to attend viewings along with purchasers). “Sale” means a sale of the Lots by auction from time to time organised by the Auctioneers. “Vendor” means a person, firm or Company who puts forward any Lot intended to be sold at the sale. “Purchaser” means a person, firm or Company who purchase any Lot. “Lots” means all or any machinery and other items sold or intended to be sold in accordance with these conditions. ![]() ![]() “Conditions” means the standard terms and conditions of business set out in this document. “Buyers Premium” means the premium charged to buyers on purchase of Lots. “Host” means Bidpath Online Auction Software & Services – The software providers for this auction. ![]() In these conditions the following terms have the following meanings unless inconsistent with the context: ONLINE TIIMED AUCTIONS CONDITIONS OF SALE SPECIFIC TO PURCHASERS ![]()
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