All company and persons unfamiliar to Tozai Bid must register first. Prior to registration, they shall fill in the application form, send by email or fax, and remit JPY500,000 as deposit.
After the deposit is confirmed, the participants shall receive the registered sheet with the registered No. by fax or e-mail.
In order to bid, this registered No. will be required.
The deposit of JPY500,000 will be offset against the successful bidding amount. However, the person who fails to be a successful bidder will be refunded the deposit of JPY500,000. Therefore, the bank information is required when registered.
MIZUHO BANK, LTD. KOBE BRANCH (BRANCH NO.490)
ACCOUNT NO. 2364378 (SWIFT BIC : MHCBJPJT)
ACCOUNTEE "TOZAI BOEKI CO., LTD."
Participants must present their business cards at the reception.
These Agreements prescribe rules for participating in and using parade auctions, tender auctions and online auctions (hereinafter, collectively referred to as the “Auctions”) held by Tozai Boeki Co., Ltd. (the “Company”).
Tozai Boeki Co., Ltd. Auction Agreements (the “Agreements”) shall apply to the persons/corporations who are accepted to participate in the Auctions and are registered as participants (hereinafter, the “Participants” or the “Participant”) and when the Participants take part in the Auctions.
The Company may change the Agreements without the consent of the Participant by notifying the Participant to that effect by the method the Company judges appropriate. The Company shall assume no responsibility for any damage incurred to the Participant as a result of such change.
The Participant shall prepare at its own expense and as its own responsibility communication devices, software, communication circuits, and any other necessary items that constitute the environment for the Participant to take part in the Auctions. The Company shall assume no responsibility for any impact from the difficulties the Participant may experience in taking part in the Auctions if such difficulties have resulted from the above environment.
Among overseas or Japanese second-hand sales companies, repair businesses, trading companies, and other similar businesses which have sufficient experience in handling second-hand construction machines and are equipped with general knowledge concerning second-hand construction machines, only the corporations or sole proprietors which have been approved by the Company’s assessment process shall be eligible to participate in the Auctions.
The registration procedures for the Participant shall be as follows:
The Participant shall promptly notify the Company of any change to the name of the representative, address, telephone number, fax number, or any other information it has supplied to the Company.
The Participant may deregister itself as needed by requesting the Company to that effect by the stipulated method.
Parade auctions are conducted as competitive auctions pursuant to the following procedures.
Online auctions are conducted as competitive auctions pursuant to the following procedures.
The bidding procedures for tender auctions are as follows.
The Company shall assume no responsibility for any damage incurred to the Participant due to the provision of information, or any delay, change, cancellation, or closure of the Auctions.
The Company shall handle the security deposits deposited with it in the following manner.
The successful bidder shall comply with the following:
The Participant accepts and agrees that information provided by the Company in connection with the Auctions (including images, sounds, texts, photos, and software) is protected by copyrights, trademark rights, patents, and other intellectual property rights as well as laws, and shall not copy, transmit, mail, publish, distribute, or otherwise provide to a third party for its use by any means, any information without the consent of the Company.
The Agreements shall be concluded, take effect, be performed, and be interpreted, in accordance with the laws of Japan.
In the event any lawsuit arises as a result of or in connection with the Agreements, the Tokyo District Court or the Tokyo District Summary Court shall be the exclusive competent court of the first instance.
The Agreements shall take effect as of January 1, 2016.