TERMS AND CONDITIONS
Below you can find the terms and conditions of Koskin Import Ltd.
Welcome to our website!
If you continue to browse and use this website, you are agreeing to comply with and be bound by the following terms and conditions of use.
The content of the pages of this website is for your general information and use only. It is subject to change without notice.
General terms and conditions
Koskin Import Ltd offers its pages as a trading market platform and therefore does not participate in any transaction, without a separate agreement and terms of conditions.
Koskin Import Ltd does not provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered on this website for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law.
Your use of any information or materials on this website is entirely at your own risk, for which we shall not be liable. It shall be your own responsibility to ensure that any products, services, or information available through this website meet your specific requirements.
Registration and use of the service
The service user can be a private person or a legal representative of a company. The user acknowledges the responsibility to provide the correct information when registering. Provision of false user information is prohibited.
The user is responsible for maintaining their username and password and not being disclosed to third parties. The user’s personal information is confidential and is not distributed by Koskin Import Ltd to third parties for marketing or for any other purpose. With the permission of the user, the contact information can be shared. The user confirms to be at least 18 years of age.
Service content & rates
Koskin Import Ltd reserves the right to change the content of services as part of normal operations, including pricing. The current rates are available on the service pages. Koskin Import Ltd is also entitled to terminate the service at any time.
Koskin Import Ltd does not take any responsibility on the another service provider or its contents, who is advertising its products or services on the Koskin Import website.
Koskin Import Ltd is not responsible for the accuracy of the vehicle marketing information submitted by the user. Koskin Import Ltd has the right to change or remove the contents of the messages and pictures, if they are against good manners or law.
Koskin Import Ltd reserves the right to revoke and prohibit the use of a service by the user if the user has acted in violation of these Terms of Service or otherwise has acted improperly or in violation of the law.
Mainstream trading of users
Koskin Import Ltd offers its pages as a trading marketplace and therefore does not participate in trading any way.
The users of the service agree separately on the terms and conditions of the sale.
Koskin Import Ltd as a third party
If a user has purchased a separate purchase service package from Koskin Import Ltd as an ancillary service, and both parties have signed a separate agreement. It may then be considered that Koskin Import Ltd will then become a third party in trading.
The user is responsible for the proper management of the security of their own information systems. Koskin Import Ltd provides its security services in a generally acceptable manner with the aim of preventing unauthorized access to their information systems. However, the service provider can not guarantee complete security.
Auction Terms & Conditions
“Auction” means the auction sale in respect of which a Lot is consigned for sale.
“Bidder” any person who offers to purchase any Lot whether by bidding at Auction or offering to purchase by private treaty or tender.
“Bid” an offer to purchase any Lot whether by bidding at Auction or offering to purchase by private treaty or tender, and “Bids” and “Bidding” shall be construed accordingly.
“Sale” the sale of any Lot by Auction, private treaty or tender.
“Buyer” means the only person whose bid is accepted by Koskin Import to conclude the contract for the purchase of a Lot.
“Catalogue” the catalogue relating to the relevant Auction includes any advertisement, brochure, estimate, price list or other publication or webpage relating to one or more Lots.
“Contract” means the agreement between the Buyer and the Seller on the successful bid of the Buyer on which the Lot is sold to them.
“Lot” means any item(s) consigned to Koskin Import with the view to its or their sale at Auction or Classified advert.
“Vehicle” means any car or motorbike included or proposed to be included in a sale of motor vehicles together with spares, tools, documentation etc. stated as being part of the Lot.
“Reserve” means the minimum Hammer Price agreed between Koskin Import and the Seller at which a Lot may be sold.
“Seller” means the person who offers the Lot for sale, whether as agent or principal.
“Seller’s Premium” a commission payable by the Seller to Koskin Import, on the completion of a Sale.
“Buyers Premium” a commission payable by the Buyer to Koskin Import, if bid accepted..
“VAT” means Value Added Tax applicable at the prevailing rate from time to time (currently 24%).
“Website” the website at: www.koskinimport.com
All Lots are sold and purchased ‘as seen’. A Lot sold ‘as seen’ is sold and purchased for what it is and with all its faults (if any) and without any condition, warranty or other term (whether expressed or implied and whether implied by statute, common law, custom or otherwise) as to the age, description, mileage, suitability, fitness for purpose, merchantable quality or roadworthiness of the vehicle. Every effort has been made to ensure the accuracy of the description of each Lot, but these, whether made orally or on the Website, are expressions of opinion and not representations of fact. Illustrations on the Website or sent by email are solely for guidance and must not be relied upon in any manner whatsoever. Most lots are of an age and nature which precludes their being in pristine condition. The condition of any lot and the nature of any damage and/or restoration should be confirmed by the buyer by examination prior to the sale. All prospective purchasers must satisfy themselves as to the condition, colour, age and all other matters relating to any lot and no claims will be accepted in respect of any such matter. Each buyer by making a bid for a lot acknowledges that he has satisfied him or herself fully as to the condition of the lot. If any damage is done to any lot at the viewing or before, during or after the sale, such damage shall be made good by the person committing such damage, principals being responsible for the acts of their servants.
Unless a warranty is given at the time of sale, the lots are sold as they stand with all faults, imperfections, and errors of description or otherwise. The Buyer shall be deemed to have inspected the lots he buys.
The Buyer acknowledges that in agreeing to purchase any Lot he is not relying on any warranties or representations made by the Seller or Koskin Import or any of their employee’s agents or representatives. All representations, warranties, and conditions, express or implied, statutory or otherwise in respect of all and any of the Lots are expressly excluded and without limitation any warranties and conditions as to title, quiet possession, satisfactory quality, fitness for purpose and description are excluded to the fullest extent as permitted by law.
Vehicles may not be immediately roadworthy or may be of such design as will not without alterations, comply with the provisions of Road Traffic Acts or Regulations. The Buyer shall undertake to comply with such Acts and Regulations.
Where a vehicle is sold without reserve and/or without warranty it shall be implied that it is sold with all latent and patent faults and imperfections and the Buyer shall have no right to reject the vehicle.
Koskin Import acts solely as agent between the Seller and Buyer, and in the event of a dispute or refusal to pay or non-payment on the part of the Purchaser, they may, at their discretion, annul and cancel the sale of such lot or lots.
Buyers shall pay a buyers premium of 5% of the purchase price for each Lot purchased as requested by Koskin Import. Koskin Import reserves the right to deduct the 5% buyers premium by way of a credit/ debit card payment from the card presented by the Buyer. This is not a deposit, it is a charge for the use of our platform.
Buyer acknowledges and agrees that:
Each Bid submitted via the Service is binding on the Buyer and establishes a principal to form a contract for the sale of the Lot between the Seller and the Buyer
To place a Bid, the Buyer will agree to pay the 5% buyers premium of the Bid value to the Koskin Import should their bid be the highest at the point the Auction ends, and the vehicle Reserve has been met. This is not a deposit, it is a charge for the use of our platform.
Buyer is responsible for all applicable government fees and taxes for applicable Lots listed via the Website. Sellers are not responsible for any shipping or delivery fee. We recommend that an in-person inspection take place, however you acknowledge and agree that Koskin Import bears no risk associated with purchasing of a Lot listed via the Website, whether or not any inspection is performed.
Sale and Payment
The Buyer shall pay the following to Koskin Import in full and without set off:-
Immediately upon the Sale of any Lot the 5% buyers premium, and the balance of the price of the Lot purchased no later than 7 days after receipt of an invoice in respect of the purchased Lot(s).
In view of Money Laundering Regulations the Koskin Import reserves the right to refuse payment in cash.
If the Buyer fails to make any payment on the due date for payment then, without limiting any other right or remedy available to the Seller, the Buyer shall pay to Koskin Import interest per month or any part thereof until payment in full is made.
Winning bidders who refuse to pay, regardless of accidental bids, sub-sequential loss and personal circumstances, will be reported to our legal team. Further refusal to pay will result in a court summons and additional fees may be applied. By creating an account and registering to bid, you’re agreeing to these terms and therefore must comply to our auction rules. Refusal to pay your Deposit or invoice due to “someone else bidding in your account” is not a valid excuse and we deem this to be a fraudulent claim and will be reported to the police.
It is a condition of the contract for the sale of the Lot that the Seller pays to Koskin Import the Seller’s Commission which is a sum equal to 5% of the Purchase Price which represents part of the consideration due to Company’s facilitation of the sale of the Lot. This sum is to be invoiced separately by Koskin Import to the Seller on completion of the sale.
In the event that the sale of the Lot to the Buyer is not completed because of any breach by the Buyer of these Terms and Conditions, the Buyer undertake to compensate the Company in full in respect of the Seller’s Commission that would have been payable.
Default by the Buyer
If at any time the Buyer has failed to pay the sums specified in “Sale and Payment” above in full by the due date for payment, or to remove any Lot purchased by the Clearance Date and Time specified in the Special Conditions the Seller may rescind the Sale of that Lot, in which case the buyers premium shall be forfeit, and that Lot may be resold.
Card payments made by the Buyer to Koskin Import shall be facilitated through Stripe, Inc., Koskin Import’s third-party payment processing service. Koskin Import does not directly capture or store any payment information. Stripe’s terms of service can be found at https://stripe.com/us/terms. All information that you provide in connection with a monetary transaction interaction with the Service must be accurate, complete, and current.
The Vehicle is to be inspected by the buyer or his assigned agent prior to shipping.
In the unforeseen circumstance that the Vehicle is not as described upon inspection, the buyers payment will be refunded in full.
Koskin Import has been shipping vehicles all over the world for many years now, we use 3rd parties to quote and therefore the price we are given reflects the price given to the Buyer. If the Buyer does not wish to accept the quote, then they must arrange their own collections.
The Buyer accepts full responsibility for the condition of the Vehicle, upon arrival. Koskin Import will not be held responsible for any damages caused in transit and therefore will not honour refund requests or replacements. It is the Buyers responsibility to arrange their own transport insurance.
The Buyer will be responsible for complying with all import or export regulations and costs, in connection with the Lot.
Koskin Import and associate Sellers will package items to the best of their ability to reduce the chances of damages.
Collection of the Vehicle
The buyer, or his assigned agent will need to inspect the Vehicle prior to it being removed from the seller’s possession. In the unforeseen circumstance that the Vehicle is not as described upon collection, buyers payment will be refunded in full.
Unless otherwise agreed in writing by the Seller, the Vehicle transaction will complete within 14 days of Auction end. The Seller will only release the vehicle to the Buyer once they have received cleared funds to the amount of the final sale price.
The Buyer will collect and remove the vehicle at the Buyer’s expense.
The Buyer will be wholly responsible for packing, handling, insurance and transport of the Vehicle on collection and for complying with all import or export regulations in connection with the Vehicle.
It should be noted that all lots sold on behalf of non-registered vendors together with registered vendors trading under the General Margin Scheme will be sold under VAT Auctioneers Margin Scheme unless written instructions are received to the contrary. Auctioneers Margin Scheme. The Auctioneers Margin Scheme allows auctioneers to sell items without VAT on the hammer price. Under the margin scheme an amount equivalent to VAT at the current rate is added to the buyer’s or seller’s premium only, and not to the hammer price. This amount cannot be refunded.
Value Added Tax. Lots on which Value Added Tax may be payable by the buyer on the “hammer price” are indicated accordingly. The buyer shall pay any VAT which may be due on any amounts owed by the buyer under these Terms of Business at the rates prevailing on the day of the auction.
Overseas Buyers should ensure that the country to which the Lot(s) are destined: –
holds no import restrictions on the goods to be purchased.
has no import licence restrictions or a restriction on currency allocation.
has no prolonged inspection procedure which might cause excess delay or refusal in allowing your goods to be imported.
Overseas Buyers will receive a fully descriptive invoice.
Overseas Buyers should employ a suitable freight forwarding organisation. Koskin Import will be pleased to advise accordingly.
Koskin Import makes no representation and accepts no liability whatsoever to any Buyer in respect of the issuance or validity of any exportation or importation permits or the existence and exercise of exportation or importation regulations or any compulsory purchasing regimes.