Bidding Plan (Kingston)

AUCTION BIDDING PLAN

(KINGSTON)

STEPS

www.tqminternational.net

2. Security Deposit

After register please send security deposit to activate your password. See our bank detail as follows.

BANK NAME : THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

BRANCH NAME : NIIGATA BRANCH

SWIFT CODE : B O T K J P J T

BANK CODE : 0 0 0 5

BRANCH NO. : 4 2 6

SAVING A/C NO. : 0 1 5 1 8 4 7

A/C HOLDER NAME : TQM INTERNATIONAL CO.LTD.

See amount of security deposit and membership types as follows.

	Premium	Gold	Silver
Minimum Deposit Amount	1,000,000 yen	500,000 yen	300,000 yen
Maximum Bid per day	50 Units	25 Units	15 Units
Maximum Purchase per day	10 Units	5 Units	3 Units
Maximum Purchase Amount	10,000,000 yen	5,000,000 yen	3,000,000 yen

Note;

General member can send security deposit at least 100,000 yen or 10% of total price and can bid auction in CIF price.

We calculate auction bid price by ourselves and bid maximum to auction price. If successful we notify and issue invoice of your bid amount in CIF.

3. Send Bid Order

You can send your bid order with maximum bid price in Japanese yen. We bid in auction up to your bid price on your behalf.

Please note, you have to allow to increase 10,000 yen on your bid price if auction is very close to be successful.

We calculate CNF price from successful bid price. See FOB price as per membership types.

	Premium	Gold	Silver
Sedan, Station Wagon, Hatchback (or less than 10 cu. m.)	180,000 yen	190,000 yen	200,000 yen
SUV, One Box, Van / Mini Van ( 10-15 cu. m)	210,000 yen	220,000 yen	230,000 yen
Trucks up to 2 Ton capacity (or above 15 Cu. M.)	240,000 yen	250,000 yen	260,000 yen

If car cannot load in trailer or need special precaution there will be additional charge. Please contact for estimate.
If Auction is far away from the port there will be additional charge such as Tohoku (10,000 yen), Hokkaido (20,000 yen), Okinawa (40,000 yen) etc.
Price includes Auction Charge, Inland transportation, Shipping Charge, Container loading and handling (if required), Radiation check, Freight etc.
Price does not include insurance, Inspection Charge, Repairing and Servicing etc. We charge additional as following.

Additional services	Amount
Insurance	Minimum 10,000 yen or 1% of CNF Price
Inspection Prior to bid	2,000 yen per unit
Translation of Auction Sheet	1,000 yen per unit
Translation of Export Certificate	1,000 yen per unit
Certificate of Origin	10,000 yen per unit
LC clearance and documentation	50,000 yen per L/C
Pre-shipment Inspection	EAA 20,000 yen per unit JEVIC 25,000 yen per unit JAAI 30,000 yen per unit INTERTEK 35,000 yen per unit
Negotiation Charge	5,000 yen per unit
One Price Purchase charge	10,000 yen per unit
Photos taken and send	2,000 yen per unit

4. Send Payment

We inform auction result on same day of auction or next day.

We issue invoice if your bid is successful. You cannot cancel bid after successful bid. You have to send payment within 3 working days after issue invoice and should provide proof of payment. Payment should be confirmed within 5 working days after issue invoice.

If payment is delayed more than a week, we charge penalty minimum 10,000 yen or 5% of invoice amount. We cannot wait for your payment more than one month. If you delayed more than a month, we cancel your car and send to auction for sale from auction. We deduct all loses from your balance.

5. Shipment

As soon as your payment is confirmed, we ship your car and send your shipment document through EMS or currier services to your address.

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Bidding Plan (Kingston)

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