Terms and Conditions for Final Phase Online Auction of Injection Moulding Presses & Rubber Component Assembly Machines, Robots & Machine Tools On the Instructions of GDX Automotive Spain

1. AUCTION DATE
Sale ends Tuesday 13th of May 2008 from 2PM BST.

2. LOCATION
Oligono Ind Riera de Caldes
Palau de Plegamans, Catalunya
Barcelona, Spain E-08184

3. VIEWING DAY
Monday 12th of May 9AM to 4PM local time.

4. ONLINE BIDDING
Bid online through our website www.apexauctions.com (hosted by Bidspotter). Complete the simple registration process and you can enter the auction to commence bidding immediately.

5. ADMISSION
Entrance to the site is subject to the Apex/GDX Normal Conditions of Admission for Visitors & Contractors. For your protection you may be requested to wear safety equipment, which will be supplied.

6. PAYMENT
Unless prior arrangements have been made with Apex Auctions Ltd, payment must be made on the day invoices are issued:
(i) By Bank Transfer

IMPORTANT: NO CHEQUES OR CREDIT CARD PAYMENTS WILL BE ACCEPTED

Goods cannot be removed until the whole of the account has been settled in full by way of cleared funds. If lots have not been removed by the clearance deadline then the Conditions of Sale will be applied. (See General Conditions of Sale No 12 - Remedies for non - payment or failure to collect purchases)


Please send payment by bank transfer to the account details below:

Apex Auctions Ltd
Account Name: Apex Auctions Ltd
Natwest Bank, Hove Town Hall Branch, 103 Church Road, Hove, East Sussex BN3 2BS

IBAN: GB81 NWBK 6072 1363 0014 54

SWIFT BIC: NWBK GB 2L

If you have any queries relating to payment arrangements please contact the office prior to the sale

7. BUYERS PREMIUM
A buyers premium of 15% is charged to the buyers on every lot purchased.

9. CLEARANCE DATE
All goods must be cleared from site by Friday the 30th of May 2008. No Goods will be allowed to be collected until after the auction has ended (See Conditions of Sale Item 8)
PLEASE NOTE: - In the interest of lot security and general safety, access to the site during clearance times may be restricted. We therefore request your patience during these times. Additional time may be made available, in exceptional circumstances. Application for extended time must be made in writing to Apex Auctions Ltd and will be dealt with according to the circumstances at the time. No lots shall be cleared without the authority of the Agents, unless under supervision of their staff or representative.

10. CONDITIONS OF SALE
The sale is subject to the General Conditions of Sale attached as a PDF on our website to this auction.

11. TRANSFERS
Apex Auctions Ltd will not, under any circumstances, recognize the sale of accounts, or parts of an account, to third parties, Apex Auctions Ltd will only accept payment from and permit removal of lots purchased by the declared Buyer successfully bidding at the sale / tender or their appointed agent.

12. PURCHASE OF GOODS THROUGH A FINANCE COMPANY
Purchasers contemplating purchasing goods through a finance company should make arrangements well in advance of the sale so that they may make payment in accordance with the General & Special Conditions of Sale.