CONDITIONS OF SALE BY TENDER


  1. INSPECTION OF SAMPLE

    A sample drawn under the supervision of the A.W.T.A. for each lot of wool sold will be retained by Bryton Wool Canowindra for a period of 12 weeks from sale date.

  2. CATALOGUES

    Catalogues are available upon request from the seller or showfloor on Monday of sale week.

  3. BIDDING

    3.1 All bids must be lodged prior to 11:00am on the Thursday of selling week.
    3.2 Bids may be lodged by telephone +61 63 441756, Fax +61 63 441863, or by Email bryton@brytonwool.com.au.
    3.3 Bids cannot be withdrawn after 12:30pm on date of sale.

  4. RESERVE PRICE
    Where a grower has placed a reserve price on wool available for sale, such reserve will be available upon request after 9:00am on date of sale.

  5. SUCCESSFUL TENDERER (PURCHASER)

    5.1 Subject to the bid reaching the reserve price, each lot will be sold to the tender who has submitted the highest bid.
    5.2 The highest bid is herewith determined to be no more than once (1c) above the second highest bidder.
    5.3 Purchasers will be advised as soon as possible after 12:30pm on sale day.
    5.4 A tenderer may, at the time of lodging the bids, advise discretion to be utilised to increase his bid in the event of two or more parties tendering the same bid.
    5.5 In the event of two or more parties lodging the same bid, and where any advised discretion cannot break the deadlock, the purchaser will be the party who first lodged the highest bid.
    5.6 The purchaser will pay the seller a BSC (Buyers Service Charge). This service will be charged at the rate of $4.80 per bale, plus $7.50 freight to Sydney. The latter is refundable if the purchaser wishes to use his own transport.
    5.7 Upon receipt of payment of the invoice amount, delivery will be effective by the seller to any point in Sydney. If delivery to any other place is requested, an additional charge may be payable by the purchaser.

  6. PAYMENT

    6.1 All payments are to be effected within (8) eight days of the date of sale.
    6.2 Payments may be by telegraphic transfer, or by bank cheque sent directly to the seller.
    6.3 No wool will be delivered until payment has been received.
    6.4 If payment is made prior to expiration of the 8 days stipulated above, the invoice value may be appropriately reduced by a discount rate of 7%, with a maximum discount of 7days.

  7. INSPECTION OF BULK

    The purchaser can examine any portion of the bulk purchased by him during ordinary working hours of the three (3) working days immediately following the sale date.

  8. CLAIMS

    Except for any claim lodged in accordance with the wool selling regulations, no claims will be accepted unless lodged within five (5) working days immediately following the sale date. Any claims lodged will be treated in accordance with the wool selling regulations.

  9. DELIVERY

    9.1 To be effected after receipt of payment of an acceptable form of delivery instruction issued by or with the signed approval of the purchaser.
    9.2 In the event of strikes precluding the seller from delivering wools as requested, or the purchaser from shipping his wool, the matters will be treated in accordance with the wool selling regulations.

  10. STORAGE

    Storage will be charged on all wool at the rate of 15c per bale per day. Storage charges will commence on the Friday immediately following the week during which the wool was sold.

  11. INSURANCE

    The seller will insure and keep insured against loss or damage by fire or any other cause from the date of sale until payment has been received.

  12. GENERAL

    Where the conditions of sale promulgated by the joint wool selling organisation have not been specifically over-ridden by those above, those conditions of sale shall apply.

 


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