Pallet Auction / Office Equipment and General Merchandise

1.     You must be a registered bidder to participate in this auction. The registered bidder hereby agrees to comply with all terms specified in this notice.

2.     The participating bidders shall be required to render a refundable bid deposit in the amount of Php 3,000.00.

3.     The bid deposit shall automatically be put on hold as a security bond in the event the bidder wins at the auction and shall be refunded only upon completion of pull out. For non-winning bidders, the bid deposit shall be refunded within five (5-10) banking days after the auction.

4.     The AUCTIONEER may refuse and disqualify a person or entity from participating the auction if the record will show that applicant registrant has failed to comply with the policies and procedures and standards during the previous auctions.

5.     Use of internet, website or other means of electronic commerce – The AUCTIONEER may offer certain lots to internet bidders using its internet bidding platform at HMRbid.com or any other internet related bidding platform the AUCTIONEER may employ (the “service”); however, AUCTIONEER shall not be liable for any losses or damages arising out of or resulting from:

a.     The failure of any information or data to be transmitted or received in a timely manner, or

b.     The interruption of any data transmission; or

c.     The use of or inability to use the HMRbid.com service 

6.     The AUCTIONEER cannot and does not guarantee that bids placed via online bidding services will be transmitted to or received by the AUCTIONEER in a timely manner, further, the AUCTIONEER has the sole discretion to accept or refuse any bid.

7.     The particulars, descriptions, measurements, quantities and photos in the catalogue are for the purpose of identification of the lot and are NOT WARRANTIES in any way as to the correctness thereof. All registered bidders should inspect the lots prior to bidding and satisfy themselves with the status and condition of each lot.

8.     All Items declared “WORKING” and “GOOD” will be sold on an “AS IS, WHERE IS, NO WARRANTY, NO GUARANTEE” basis and are sold with all faults if any. The AUCTIONEER accepts no responsibility for any lot or lots sold at the end of online bidding. The winning bidder is not allowed to WITHDRAW, RETURN, CANCEL and REFUND any lot(s) after being declared as the purchaser.

9.     The AUCTIONEER has the right to withdraw any lot(s) from the sale without stating a reason thereof.

10.  If the bid price is below the Reserve Selling Price, highest bid amount will be recorded and subject FOR APPROVAL. HMR will notify the highest bidder if the said items will be awarded. The highest bidder is not allowed to withdraw their bid once awarded.

11.  There is a 15% Buyers Premium in addition to the bid price applicable to all lots in this sale.

12.. Lots no. 1 is subject to 15% Duties, 12% Vat and Processing Fee in addition to the winning bid price.

13.  Lots no. 3 is subject to 12% VAT ONLY and Processing Fee in addition to the winning bid price.

14.  Payments are strictly in the form of cash, manager’s check or direct deposit to the Auctioneer’s account; BDO Acct# 4850221362 payable to HMR AUCTION SERVICES, INC. 3 or BPI Acct# 4163038108 payable to HMR AUCTION SERVICES, INC. The winning bidder is required to send a copy of the bank validation at [email protected]

15.  All won lot/s should be check out in cart page and must be paid strictly within three (3) days after the auction; otherwise, bids will be canceled, bid deposit will be forfeited and bidder will be banned from future biddings. There shall be no partial payment for won lot/s.

16. Storage fee (bold letters): After the allocated payment and pull-out dates, storage fees shall be applied as follows:

      - Lots measuring less than 0.5 cbm - PHP 25.00 per lot per day

      - Palletized lots - Php 750.00 per lot per day

17.  Paid lots not removed within three (3) days lead-time immediately following the completion of the auction will be forfeited.

18.  Delivery – Bidder must make an arrangement with HMR for delivery of won lot/s within two (2) days after the auction. Delivery charges shall apply.