CONDITIONS OF SALE

* All bids exclude a 12% Buyers Commission and a R1,450 documentation fee per registered unit. Both charges are exclusive of 15% VAT.

* A 5% surcharge will apply to all credit and debit card transactions.

* Full payment is required within 48 hours after conclusion of the auction. No item will be released until cleared funds reflect in TPM Auctions' bank account.

* Where a buyer purchases more than one item, no individual item will be released until the full invoice has been paid and cleared.

* Failure to make payment within the required period may result in the buyer being placed in default, subject to the seller's rights and the applicable Conditions of Sale. Any applicable refundable deposit may be dealt with in accordance with these Conditions.

* Any vehicle carrying company signwriting or branding must have such signwriting removed. Where a tautliner curtain carries signwriting or branding, the entire affected curtain may need to be removed or replaced.

* All tracking devices fitted to purchased assets must be removed where required.

* Arrangements regarding the removal of signwriting, branding and tracking devices must be made with TPM Auctions.

* NATIS documentation may occasionally be delayed. Where TPM Auctions is not yet in possession of the relevant NATIS document, it will be requested from the seller and forwarded to the buyer once received.

* For change-of-ownership and licensing purposes, company buyers must provide the required NATIS business registration number and proxy identification documentation. Private buyers must provide the required identity documentation. Registration documents may be withheld until the required documentation has been supplied.

* The auction may, where applicable, be conducted in terms of section 45 of the Consumer Protection Act 68 of 2008 and the applicable auction regulations. Any statutory exclusions or protections will apply only to the extent permitted by law.

* Every item offered on auction is subject to a reserve/upset price unless specifically stated otherwise.

* Where permitted by the applicable auction rules and law, the seller, auctioneer or an authorised person acting on their behalf may exercise any disclosed right to bid.

* All assets are sold as presented and without any obligation on TPM Auctions or the seller to repair the asset, subject to any rights that cannot lawfully be excluded.

* The person or company under which the bidder registers will be the person or company invoiced. Buyers purchasing on behalf of more than one company must ensure that each company is separately and correctly registered for bidding.

* Kilometre readings and operating-hour readings displayed or supplied for auction assets are not guaranteed by TPM Auctions and should be independently verified by prospective buyers.

* Where NATIS documentation is available, vehicle year information will be recorded according to the information appearing on the applicable NATIS documentation.

* All applicable FICA and other legally required verification requirements must be satisfied before an asset will be released.

* A defaulting purchaser may be held liable for applicable auctioneer's commission, losses and other amounts recoverable in terms of the Conditions of Sale and applicable law.

* Purchased assets must be removed from the auction premises within 7 days, unless otherwise agreed in writing. Thereafter, a storage fee of R250 per day may be charged.

* If purchased assets remain on the premises for more than 48 hours after the auction, risk relating to the assets, including loss, theft or damage, will pass or remain with the purchaser to the extent provided for in the applicable Conditions of Sale and law.