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Invoice Onlline

JSSR Gallery

Km.32 Local Auction consisted of auction items that have been paid for import duties.

Auction site is located on Bangna-Trad Road (Kilometre 32). Buyersare subject 7% value added tax (VAT) but do not need to pay for import duty.

Example, payment calculation for purchase at K.M.32 site (Local Auction)

Purchase an excavator from K.M.32 site                                  200,000   Baht
+ 7% Value Added Tax (VAT)                                                    14,000  Baht
Total payment                                                                          214,000  Baht

1.     THE QUALIFIED BIDDER

        1.1   Juristic or ordinary person of either local or foreign nationality

        1.2   Must be 18 years of age and above

2.     THE AUCTIONEER

         2.1   The Auctioneer will designate the method for bidding

         2.2   The Auctioneer will designate the time and place for bidding

         2.3   The Auctioneer will designate the machines for bidding

3.      AUCTION TYPES

         3.1   Unreserved Auction; There are no minimum bids or reserve prices. The auctioneer will accept and sell the item to the bidder with the highest bid, regardless of the amount.

         3.2   Reserved Auction; Minimum prices are apply to each items as the starting price. The bidder with the highest bid is the winner.  Bids lower than the minimum price are not accepted.

4.      AUCTION METHODS

         4.1   PARADE AUCTION (Unreserved) is held at;

                  -       Bangna-Trad K.M.32 auction yard and,

                  -       Bangna-Trad K.M.35 auction yard

         4.2   INTERNET AUCTION

                 -        LIVE INTERNET auction broadcasts the Parade Auction at K.M.32 site and K.M.35 site online, allowing Bidders to participate in the auction and place their bid online without being at the auction yard.

                 -       TENDER auction is a reserved auction and an online bidding process. Highest bidder will be the successful bidder.

                 -       Visit our website to learn more on how the bidding process works for each type/method of auctions. Website:  http://www.jssr.co.th

5.     TERMS OF BIDDING

        5.1   All participants must register with JSSR AUCTION prior to bidding. The Auctioneer shall be examining for qualifications according to the Auctioneer's own criteria.

        5.2   The participants must accept the Terms and Conditions herein before registering to become a Bidder.

        5.3   All participants are required to place a refundable security deposit upon registration. (see point 7)

        5.4   Bidder number, Username and Password

                (a)   The Bidder will be notified within two (2) working days after the Security Deposit has been confirmed upon receiving. The Auctioneer under its sole discretion will issue and notify the BIDDER'S number, username and password by e-mail. In case the Bidder doesn't receive such confirmation e-mail, the Bidder MUST CONTACT THE AUCTIONEER AT +662-704-9555 or e-mail to [email protected]

                (b)   The Bidder shall be fully responsible for his/her own BIDDER'S number, username and password.

                (c)    The Auctioneer reserves the rights to cancel the Bidder’s account at any cause and any given time before, during or after the Auction without giving prior notice.

        5.5  Change of Registration Information

               The Bidder must contact the Auctioneer for any changes on information (such as name, address, contact, bank account details, etc.) used for registration by fax +662-704-9552 or e-mail to [email protected].

        5.6  The Successful Bidder can neither cancel nor change their biddings/items.

        5.7  Registration could be done at the site office or online 3 days before the auction or on the auction day itself. Bidders are free to inspect all the equipment/items put up for sale within 3 days before each auction.

        5.8  The successful Bidder must make the full payment within seven (7) days after the auction event. In case of delay payment, the successful Bidder shall be charged of interest on the relevant invoice amount at the rate of 15% per year.

6.  INSPECTION OF EQUIPMENT/ITEMS

     Bidders are free to inspect all the equipment/items put up for sale within 3 days before commencement of each auction from 8:00 a.m. – 6:00p.m., at the auction sites K.M.32 and K.M.35. The Auctioneer does not warrant or guarantee the accuracy in the description of the equipment imprinted on the bidding card, catalogue list or as shown in the website: http://www.jssr.co.th

7.   REGISTRATION PROCEDURE AND REQUIREMENTS

      7.1   Potential auction participants (Bidders) must inform the Auctioneer of their intention, together with presentation of the following documents;

              7.1.1    Ordinary individuals are required to present their personal identity card and house registration completed with signatures.Foreign individuals must submit a valid passport upon registration.

              7.1.2    Corporate persons must provide copies of company affidavit that is issued by the Ministry of  Commerce complete with any one of the authorized officer’s signature and company’s stamp endorsement. The document is only deemed valid if the issuing date falls within 3 calendar months from the date of submission.

              7.1.3    Power of Attorney; Provide the Power of Attorney form and copies of personal identity cards of both the attorney and the grantor.

      7.2   All potential participants must place the refundable security deposit to be successfully registered to proceed on to bid in the auction.

 Deposit terms & conditions

To bid in the amount of 1 – 100,000 USD, bidders are required to deposit 10,000 USD.

To bid in the amount of 100,001 – 500,000 USD, bidders are required to deposit 50,000 USD.

To bid in the amount of 500,001 – 1,000,000 USD, bidders are required to deposit 100,000 USD.

             7.2.1    Locals can register and place security deposit at either auction site (K.M.32 or K.M. 35) in cash, cashier cheque, bank drafts or T/T.

For a foreign register, security deposit can be paid in cash or by T/T.

Oversea telegraphic transfers are to be made to Kasikorn Bank only.

            7.2.2     Telegraphic Transfer (T/T) to:  Account Name: JSSR AUCTION CO., LTD.

NOTE: Please FAX or e-mail copy of the "Remittance Certificate/SLIP" or the "Application for Remittance with the Bank Receipt" with your (company) name by fax to +662-704-9504. Deposits will be refunded after the auction, no later than 3 working days, for those who have registered but made no purchase at the Auction (T/T bank fee are charged to the bidder but the auctioneer will not charge any fee for registration). The deposit will be considered as part payment for items sold to the successful bidder who will need to make full payment within seven (7) days after the auction event.

Holders of JSSR AUCTION LOYALTY MEMBER CLUB Card are able to register at either auction sites (K.M.35 or K.M.32) by presenting the card upon registration and are NOT required to place a security deposit. 

8.   BIDDER’S RIGHTS AND RESPONSIBILITIES

      8.1  Bidder’s Rights

             The Bidder can bid on every items listed by JSSR AUCTION only.

      8.2  Bidder’s Responsibilities

             The Bidder shall comply to any terms and conditions herein and/or any rules, regulations, terms and conditions related and stated by the Auctioneer. The Bidder must accept all the transactions conducted at JSSR AUCTION.

      8.3  Prohibited Activities

             The Bidder must accept all damages, losses, penalty, interest and expenses incurred, if the Bidder commits one or more of the following actions:

              (a)      Any intentional or unintentional act causing signal disturbances to JSSR AUCTION online system.

              (b)      Violation of JSSR AUCTION Terms and Conditions.

              (c)       Violation of law, ordinance, rules or other regulations of the Kingdom of Thailand.

9.     Price and Expenses

        9.1   All transactions shall be made in Thai BAHT. The auction price indicated does not include VAT, Thailand import duty, customs clearance, transportation cost and other expenses.

        9.2   The auction price is based on "EX-YARD” basis.

        9.3   Additional Expenses, such as FOB charge, transportation cost, recondition, re-painting, special washing, dismantle or assembly can be arranged by the Auctioneer upon request by the Successful Bidder and at the Bidder’s own expense. However, payment for the item(s) sold at the Auction must be fully paid before such additional expenses incurred.

10.   PAYMENT

       The Successful Bidder must be FULLY responsible for every transaction done by the Bidder’s account.

       10.1  The Performa Invoice will be issued and sent by the Auctioneer, the Bidder must make the full payment within seven (7) days after the auction event. The payment can be made by cash at the JSSR Auction Free Zone office (K.M.35), Thailand, or by remittance to the bank account and notify the Auctioneer as stated in (7.2.4) prior to delivery. The auction price will be quoted in Thai Baht, if the Bidder wishes to make the payment in USD or JPY; the amount must be equivalent to the Thai Baht quoted in the pay slip.

       10.2  In case of delay payment, the Successful Bidder shall be charged of interest on the relevant invoice amount at the rate of 15% per year.

       10.3  In case of payment failure by the Successful Bidder, the Auctioneer can forfeit the security deposit as a penalty and impose charges in (10.2) on that Bidder. In addition, the Successful Bidder is liable for any damages including but not limited to the loss of opportunity for sales, compensations and other expenses. The Auctioneer will reserve the rights to resell the purchased item without any notification to the Successful bidder. The Successful bidder must be responsible for the remaining amount, if the resell amount is not enough to cover all liabilities.

11.  RECEIPT/TAX INVOICE

       JSSR AUCTION CO., LTD will issue receipt /tax invoice according to the registered name and address. There will be no changes to the information on the receipt/tax invoice after it has been issued.

12.  METHODS OF PAYMENT

       12.1  Transfer through bank using the PAY IN slip issued by JSSR AUCTION CO.,LTD.

       12.2  Settlement of payment either by cash or bank draft or cashier cheque is to be done at JSSR Headquarter (K.M.35) ONLY. Pick up your item(s) from the site (either K.M.32 or K.M.35) that it was being auctioned at.

                * Contact JSSR Headquarter (K.M.35) to obtain receipts/tax invoice and other related documents

                * The auctioned price does not include remittance fee

                * The Bidders are responsible for their own remittance fee

                * Successful bidders must make full payment within 7 days after the auction date, otherwise the sale would be terminated and the deposit subjected to forfeiture.

13.  BUYER’SCOMMISSION RATE

       Successful Bidders will be charged commission fees by the Auctioneers on each “sold” item at the following rates;

       -   Commission fee of10% will be charged on each items that sells for 30,000 THB or less

       -   Commission fee of 8% will be charged on each items that sells for 30,001 – 50,000 THB

       -   Commission fee of 5% will be charged on each items that sells for 50,001- 100,000 THB

       -   No buyer’s commission fee for item that sells for more than 100,000 THB

14.  EQUIPMENT/ITEMS REMOVAL & TRANSPORTATION FROM K.M.32 SITE (After auction event)

      14.1   For delivery efficiency, full payment must be made within 7 days after the auction event and at least a day before picking up the equipment/ items. After making the payment, please fax the remittance-related document together with your Bidder No. to +66-2-704-9504. Also, contact the Auctioneer for confirmation at +66-84-075-2927 or +66-2-704-9548.

      14.2  The Auctioneer will hand the equipment/items and all other necessary supporting documents to the successful bidder when the full payment is made within 7 days after the Auction event. (Payment in foreign currency; the amount must be equivalent to the price sold in Thai Baht).

      14.3  All transportation costs, dismantling costs and any other related expenses incurred from equipment/items removal process will be charged to the account of the successful bidder.

      14.4  All fully paid (including all taxes) equipment must be removed from the auction site K.M.32 or K.M.35 within 14 days after the auction event. Otherwise, the successful bidder will be liable to pay the Auctioneer a storage fee of 500 Thai Baht per day per unit of equipment/items left in the Auctioneer’s premise for each day exceeding the deadline.

NOTICE: In instances where successful bidders authorized any other party to remove their equipment/items from auction site, the authorized party will be required to produce Letter of Authorization together with company’s stamp or signed by an authorized personnel and personal identity card or passport of the Successful Bidder and the authorized party.

      14.5  The Successful bidder must provide their own mode of transportation in removing the equipment/items out of the Auction site. The Auctioneer will provide free-of-charge assistance in loading the equipment/items onto trucks onsite (except dismantling or re-assembling processes).  However, the Auctioneer will NOT be responsible for any accidents or damages that may occur during the assistance.

      14.6  The Auctioneer will provide all documents the Auctioneer holds to the bidder within 30 days after the auction day. The auctioneer only guarantees that all documents will be legally valid or 30 days after the successful bidder receives the documents. The auctioneer will not be responsible for validity of equipment documentation after 60 days from the auction event date.

      14.7  Every item on the auction is sold on "AS IS WHERE IS” basis. JSSR Auction Co., Ltd will act as the exporter should there be any oversea export.

15.  EQUIPMENT/ITEMS REMOVAL & TRANSPORTATION FROM K.M.35 SITE (Free Zone)

       JSSR Auction Free Zone in Thailand is authorized and proceed under the supervision of the Royal Thai Customs for that goods in the DFZ is exempted from duties (Import Tax, Excise Tax and Value Added Tax), and duties are payable only when imported to Thailand. Goods from DFZ are treated as import into the kingdom or import completed when taking out from the DFZ into the kingdom.

       15.1   For delivery efficiency, full payment must be made within 7 days after the auction event and at least a day before picking up the equipment/ items. After making the payment, please fax the remittance-related document together with your Bidder No. to +66-2-704-9504. Also, contact the Auctioneer for confirmation at +66-84-075-2927 or +66-2-704-9548.

      15.2  The successful bidder must be responsible for all cost and procedure in transportation (land and sea) of all equipment from the auction yard. If the successful bidder wish to import the equipment to Thailand the bidder must be responsible for all cost and procedure for when importing to Thailand including all taxes. JSSR Auction Free Zone in Thailand is authorized and proceed under the supervision of the Royal Thai Customs for that goods in the DFZ is exempted from all duties (Import Tax, Excise Tax and Value Added Tax), and Tax is payable only when imported to Thailand. Goods from DFZ are treated as import into the kingdom or import completed when taking out from the DFZ into the kingdom.

      15.3  If the Successful Bidder has the intention of exporting the equipment/items out of the Free Zone, Thailand, to other countries, the Successful Bidder shall be responsible for all cost and procedure in transportation (land and sea) of all equipment/items from the auction yard.

      15.4  JSSR Auction Co., Ltd provides import-export service at a certain fee charges.

      15.5  All fully paid (including all taxes) equipment/items must be removed from the auction site within 14 days after the auction event. Otherwise, the successful bidder will be liable to pay the Auctioneer a storage fee of 500 Thai Baht per day per unit of equipment/items left in the Auctioneer’s premise for each day exceeding the deadline.

      15.6  All fully-paid equipment/items must be removed from the auction yard within 14 days after the auction and not more than 60days. If the paid-for equipment/item has not been removed within 14 days, the Auctioneer charges the Successful Bidder as stated in (15.7). Once it exceeds 60 days the Auctioneer reserves the right to put that equipment/item up for sales again at the next auction or send it to other auction as to cover for overdue storage fees, handling fees and other fees incurred from repeat-auction of the equipment/item. The remaining will be returned to the Successful Bidder; however, if the revenue does not cover all charges, the Auctioneer reserves the right to impose the remaining charges on the Successful Bidder.

The Bidder shall be requested by the Auctioneer to pay a security deposit of 4 times on C.I.F Price on Invoice (Importing document) before removing (exclude the purchased item amount), the purchased  item shall be removed out of Thailand within 60 days. The Security Deposit shall be refunded within 7 Days after the status of the purchased item at Thai Customs has been changed to exported, whereas failure on exporting within the limited time, the Auctioneer can forfeit the security deposit to cover any expenses incur for exporting process.

      15.7  Charges in the box below serve as reference information.

Certain requirements may have to be met before the equipment maybe imported or exported. Compliance with such requirements is the sole responsibility of the Purchaser. The Auctioneer does not provide safety certificates, certificates of origin and the like. Payment of export or other duties, if applicable, is the sole responsibility of the Purchaser of the equipment. For the Auction Site that is a Free Zone Area, the purchaser of equipment must obtain the required customs documents to remove the equipment from the Auction Site at their own account. Custom broker approved by the Auctioneer is available at the Auction Site to assist the Purchasers therewith at Purchaser’s cost.