Dubai, UAE: Terms and Conditions
We do everything possible to make our auctions fair and transparent. Please read the following information before you bid and buy.
Registration and deposits
Registration to bid is free. You may be required to place a refundable bid deposit. Please be aware that you must present photo identification when you register at the auction site (e.g. identity card, passport or driver's license).
Every auction is unreserved
Every item is sold to the highest bidder on auction day, with no minimum bids or reserve prices. Owners are forbidden by contract from bidding on items they are selling. Bids are irrevocable, and all sales are final. If you're the highest bidder when the auctioneer announces that an item has been sold, you're the new owner of that item.
Everything sells "as is, where is"
We recommend that you visit the auction site to inspect any items you'd like to buy before bidding on auction day. You may also send someone to the site to conduct the inspection on your behalf.
Buyer Fees
Review our buyer fees before bidding.
Payment and removal
Purchases must be paid in full within seven (7) days of the end of the auction. Buyers cannot remove their purchases from the auction site until their invoice is paid in full. Cash payments will not be accepted. Please only pay from the same Ritchie Bros. account under which you made the purchase.
If Ritchie Bros. can't convey clear title on a purchase, the buyer is entitled to a full refund of the purchase price. If Ritchie Bros. does not receive full payment within seven (7) days of the end of the auction, interest on overdue amounts will be paid by the buyer at a rate of 18% per annum or at such other maximum rate as allowed by law, together with any legal or collection costs incurred by Ritchie Bros. Auctioneers.
Read the Terms of Bidding and Sale
Every auction is subject to our Terms of Bidding and Sale. Please review them carefully prior to bidding.
Additional Notes
All transactions are in USD.
Jebel Ali Free Zone Authority Licence No. 1644
Customs Clearance
Please note that the Dubai auction site is in a Duty Free Zone. The point of sale is Ritchie Bros.' yard and Title in every instance will pass within the Free Zone. All items must be formally cleared. We recommend that you check at the auction site regarding procedures of clearing/moving your purchases. Buyers are responsible for clearing their purchases from the Jebel Ali Free Zone. Customs clearance must be received before any items may leave the yard. Freight forwarders are available on-site to assist in clearing items requiring customs clearance prior to removal.UAE Vehicle Export Certificates are charged per emirate. Duty is the buyer's responsibility. Ritchie Bros. does not provide nor prepare Safety Certificates, Certificates of Origin, etc.
Notice to Foreign Bidders
Some equipment may require modification to meet foreign import and safety regulations. To avoid potential problems, please contact your customs broker or authorities.
Note Regarding "GCC Duties Not Paid"
The auction is conducted in a Duty Free Zone. Certain items identified in the sale day catalogue, or otherwise announced at the auction, as "GCC DUTIES NOT PAID" have not been imported into the United Arab Emirates (UAE). It is purchaser's responsibility to satisfy requirements of any kind in respect of the importation of any items into the UAE or any other country. Such responsibility includes compliance with laws and regulations of the country including payment of taxes and duties, obtaining proper approvals and complying with any other requirements. Purchasers must engage their own customs broker. UAE duty will not apply to properly exported goods; however, non-UAE imported goods that are purchased for export will be subjected to a 15% deposit, which is refundable upon proof of export. Nominal documentation charges to the buyers are required for clearing equipment out of the Free Zone. Freight forwarders/customs brokers will be on site to provide this service.
Changes to Invoices
Names on invoices cannot be changed. Ritchie Bros. will issue all invoices and sales letters only in the name of the party registered.
Storage
Ritchie Bros. Auctioneers offer free storage for 30 days after the auction "Storage fees will be applicable after that".
Languages Spoken
The auction will be conducted in English only. Assistance may be provided in Arabic, English, Dutch, French, German, Spanish, Farsi, Urdu, Hindi, Turkish, Filipino and Polish.
VAT
VAT will be charged when applicable, according to local regulations.VAT Deposit will be charged when deemed necessary, according to local regulations