Main information:
- The products are listed for auction every Monday.
- The auction ends every Friday.
- The commission for both – buyer and seller is 0,45 % (0,0045 coefficient).
- Registration of new buyers for the auctions is possible until Wednesday (included).
- The bid step is EUR 5/t, unless individually set.
- If the bid is placed during the last 5 minutes before the end of the auction, the auction is automatically extended by 5 minutes.
- The seller must collect the goods within 30 days from the end of the auction.
Information for the sellers:
- The seller must provide all the necessary information about the product – photos, product description, grain composition analysis, banking details, etc.
- The seller must ensure the veracity of the information and the exact volume of the grain to be sold.
- Access to the product must be provided during the week of the auction if the prospective buyer wishes to see it.
- The product can be picked up by the buyer only after the buyer has paid full amount to the organiser of the auction.
- The Seller must ensure that the Buyer will be able to collect the product within 5-30 days after the end of the auction or within an individually agreed period.
Information for the buyers:
- By registering, the Auction Organiser reviews the Buyer’s registration application and accepts the Buyer’s participation in the auctions, in some cases a guarantee deposit may be required.
- At the end of the auction, an invoice will be issued to the winning bidder, which must be paid before the collection of the product.
- The buyer must collect the product within 5-30 days after the end of the auction or by individually agreed term.