Article 20
Article 27
Payment can be made in cash, by bank transfer, check or credit card. Credit card (including China Union Pay card) payment is limited to total amount of one million Taiwanese dollars or less. Checks must be cleared before lot collection. Bank transfers can be made to our bank accounts in Taiwan or Hong Kong. If payment is made in USD or HKD to our Hong Kong account, the exchange rate published during the auction and on our invoice will be used. The currency shall be determined by the currency posted on the day of auction (presented by the Bank of Taiwan) and certified by Our Company.
Any outstanding balance after ten days of the auction date will incur an interest at 5% AER of the full amount, until the balance is paid in full.
Article 21 For Buyer who is willing to pay the Purchase Price in the currency other than New Taiwanese Dollar (TWD, NT$), Our Company shall charge the Buyer any fees resulted from it. The fees include the service fee charge by the bank and the currency difference.
Article 22 The full amount of the Purchase Price that Buyer shall pay Our Company, does not include any commodity tax or services tax (either by government of R.O.C. or any other government). If such tax(es) do occur in the transaction set herein, the Buyer shall settle the tax payment in accordance with relevant law and schedule.
Article 23 The final Purchase Price does not include the service of packaging. The packaging is a free service provided by Our Company to the Buyer. Our Company is not liable for the loss or damage to the lot during or as the result of packaging.
Article 24 The Buyer shall collect the lot personally once the Purchase Price is paid in full. If the Buyer wishes to assign another person to collect the lot, a Letter of Authorization must be presented. If delivery service or insurance are required, Our Company will not be liable or responsible for any loss or damage to the lot during transit.
The Liabilities to an Auction after Sale
Article 28 With discretion of the Seller, Our Company reserves the right to resell the unpaid item through auction or other means. If the final price is lower than the original full amount, the Buyer agrees to pay the difference in full.
Article 29 Our Company may refuse the bid made by the default Buyer or its representative in the future. In such circumstance a higher deposit may be requested before any further bid is accepted.
Article 30 Storage fees will be incurred at the rate of TWD 1,000 per lot per day if the item, even if paid in full, is not collected within 30 days after the auction date. Our Company is not responsible for any loss or damage during the storage.
The Main Stipulations for the Seller Article 31 During the function of auction, the Company shall act as Seller designated representative. The detailed rule of the selling party is already set and regulated in the selling party contract.
Other Rights and Obligations of Yu Jen Article 32 Our Company shall have absolute discretion to settle any dispute during or after the auction.
Article 33 Our Company shall be obliged to keep confidential for both the Buyer and the Seller and to protect the rights and interest of the Buyer and the Seller.
Article 34
Article 25
In order to maintain order in the auction, smoking is not permitted; children under ten years of age may not enter the auction.
After the Buyer has paid the full amount of the Purchase Price to Our Company, the Buyer shall be responsible for the lot purchased. Even if the lot is still in the keeping of Our Company the Buyer shall be liable for any loss or damage.
<The document is printed in both Chinese and English. If there is any omission or error the Chinese version will take precedence>
The Management of Arrears and Auction Articles Left behind by the Buyer Article 26 Unless otherwise agreed with Our Company, if the full payment is not received within required date it is seen as a default, the deposit will not be refunded and the Buyer shall be responsible for any subsequent costs.
94 FROM THE MR AND MRS PAYEUR COLLECTION II
The auction event held by Our Company has been approved by the Ministry of Culture, Taiwan, and is qualified under the regulations for tax relief on business tax. Every sales revenue and buyerâ&#x20AC;&#x2122;s premium resulted from the auction shall be relieved of the 5 % business tax.