Vehicle and Truck Online Auction

HMR AUCTION SERVICES, INC.

Public Online Auction Terms and Conditions

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 P 50,000.00.

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 presentation of Official Receipt (OR) and Certificate of Registration (CR) under the name of the buyer. For non-winning bidders, the bid deposit shall be refunded within five (5) banking days after the auction.

4.     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 HMR.ph 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 HMR.ph service 

5.     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.

6.     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.

7.     All units 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.

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

9.     Viewing and inspection is strongly recommended prior to joining the bidding to check the actual condition of the units. Test drive of vehicle is strictly prohibited. Interested bidders should inform HMR AUCTION SERVICES INC. at least two (2) days before the intended viewing date.

10.   If the bid price is below the Reserve Selling Price, highest bid amount will be recorded and subject for Seller’s approval. The AUCTIONEER will notify the highest bidder if the subject vehicle has been awarded. The highest bidder is not allowed to withdraw their bid once awarded.

11.   Payments are strictly in the form of cash, manager’s check or direct deposit to the Auctioneer’s account; BDO Acct# 004850199138 payable to HMR AUCTION SERVICES, INC II. The winning bidder is required to send a copy of the bank validation at [email protected] or call 09182449636, Nancy Tayag.

12.   Won vehicle shall be paid strictly within three (3) banking days with absolute deadline of payment from February 21 – 23, 2024. There shall be no partial payment for won unit.

13.   Winning Bidder must submit to AUCTIONEER two valid ID’s with three specimen signature (one company and one government issued ID)

14.   Processing of Renewal and Transfer of Registration shall be the responsibility of, and for the sole account of the Winning Bidder. Transfer must be completed within 60 working days from receipt of all the documents from the Owner. Otherwise, bidder will not be allowed to participate in any upcoming auctions.

15.   The winning bidder agrees and undertakes that it shall cause the transfer of registration of the Subject Vehicles to its name within  sixty  (60)  working days  from  execution  of  the  Deeds  of  Absolute  Sale.   The winning bidder assumes and acknowledges sole responsibility for the use of the Subject Vehicles from   the   time   the   winning   bidder   takes   delivery   of   the   same.   The winning  bidder  shall  indemnify  and  render  free  and  harmless  the  Seller,  its successors and assigns against any and all damages, losses, claims, charges, actions or complaints for injury or death, and/or damage to or loss of property, of whatsoever nature and howsoever arising which the Seller and/or any third party may suffer, and/or for expenses or costs in relation thereto which the Seller and/or any third party may incur arising out of or in connection with (i) the use of the Subject Vehicles from the time it is delivered to the winning bidder; (ii) the non-registration by the winning bidder of the transfer of the Subject Vehicles, or (iii) any other causes related to the Subject Vehicles from the time the winning bidder takes delivery of the same.

16.   Pull out of winning vehicle is on February 21 – 29, 2024; strictly by HMR appointment. Please call ( 09182449636 ) Nancy Tayag for scheduling of pull-out.

17.   Paid lots not removed within the pull-out deadline will be forfeited.

PULL OUT GUIDELINES:

A.     Bidders shall provide to AUCTIONEER all necessary details needed two (2) days before the intended date of pull out.

B.     No unit shall be allowed to pull out without the presentation of AUCTIONEER receipt to an authorized Staff that will assist in the pull out of the won vehicle.

C.     Bidders are required to bring their own manpower and equipment for proper handling.

D.     Logistic or transfer of vehicle will be handled and for the account of the winning bidder.

E.     Any damage done to other vehicle, equipment, properties or structure in the vicinity caused by the removal of won vehicle shall be charged to the bidder. The cost of damage shall be computed by HMR.

F.     Winning bidder agrees to defend, indemnify and hold OWNER and AUCTIONEER harmless from all and against any and all claims, personal injuries, liabilities, demands, suit, damages fine, penalties and any associated cost and expenses, including but not limited to consequential damages and attorney’s fees which may asserted against or incurred by the OWNER as a result of winning bidders handling, labeling, transportation, storage, use sale or disposal of the awarded lot.

G.     THE WINNING BIDDER AND/OR ITS REPRESENTATIVE MUST COMPLY WITH THE DIRECTIONS ISSUED BY HMR. 

USE AND DISCLOSURE OF CORPORATE/PERSONAL INFORMATION

By clicking this Agreement, you unconditionally consent to making your corporate/personal information collected in the performance of the services herein, available to the Auctioneer, its employees, affiliates or third parties. Auctioneer shall use and keep the corporate/personal information in strict confidence and in accordance with the Data Privacy Act of 2012. This consent shall be remain effective unless withdrawn in writing.