Hereby the CIB Group informs you that the possibility to conclude an Assignment Agreement in view of the assets offered for sale by the CIB Group, has been terminated on 20th May 2015. Agreements accepted before the deadline, will be fulfilled by CIB Group in case of closed and assessed bids. Henceforward, only the wining client is entitled to purchase of assets that has been won.
Point 8 of this Legal Declaration have been modified on 1st August 2020. Please note the modified provisions during your bidding offer.
Thank you for your understanding.
Yours faithfully,
CIB Group
CIB Group's legal declaration and on-line auction terms
1. CIB Lízing Zrt., Recovery Zrt., CIB Rent Zrt. and CIB Bank Zrt. (hereinafter together, for the purposes of this declaration: the CIB Group) sell used assets in their ownership, repossessed from customers in connection with financing transactions they have concluded, to entrepreneurs and businesses (hereinafter: users) on the www.axioart.com website, as part of a regulated and transparent on-line auction, and provide other supplementary services related to this activity.
2. Those intending to participate in the on-line auction are, following registration, entitled to make bids for the assets offered for auction by the CIB Group, in possession of the user name and password given in the course of the registration. The registration is activated by the CIB Group's Asset Sales Department. The CIB Group is entitled to verify the truthfulness of the data given in the course of the registration process, and retains the right to reject a registration without explanation. Acceptance of the legal declaration is an essential condition for registration.
3. Sales: The assets offered for sale by the CIB Group are auctioned on the website specified in point 1 under the following auction methodology; users can bid with an amount higher than the starting price set by the CIB Group on the product sheet, within the time period indicated on the website, without restrictions as to the number of bids. During the auction users can bid with gross price for personal motor vehicles and vehicles not exceeding 3500 kilograms maximum mass, in case of any other chattel users can bid with net price. The auction ends at the time indicated on the product sheet unless a bid arrives in the last five minutes. In the event of a bid arriving in the last five minutes, the bidding is automatically extended by five minutes. Bidders accept that they are informed of each others' bids, and they can only make a further bid with an amount higher than the bid price offered by the previous bidder. The bidding is closed as detailed in point 4.
4. The item offered for auction by the CIB Group is won by the bidder offering the highest valid bid. The auction automatically ends at the time and on the day indicated on the product sheet. Following expiry, the auction is automatically removed from the bidding page and the CIB Group accepts the winning bid. When the winning bidder is selected, the system automatically notifies all users participating in the auction. The CIB Group retains the right to accept the winning bid. Following expiry of the deadline set for bidding, no further bids may be made for the given asset. The users participating in the auction are obliged to maintain their last bid for 30 days following completion of the bidding. The purchase price set out in the winning bid shall be considered as gross price in view of personal motor vehicles and vehicles not exceeding 3500 kilograms maximum mass, while the purchase price set out in the winning bid for any other chattel shall be considered as net price. The ownership of the asset and the risk of damage are transferred to the buyer following payment of the purchase price, simultaneously with the signing of the sale and purchase agreement. Should there be a system failure due to a system stoppage or other external interference, the CIB Group retains the right to restart or continue the bidding from 12.00 pm on the previous day, sending an e-mail notice. If the winning bidder does not sign the sale and purchase agreement and pay the purchase price within five calendar days from the notice sent by the CIB Group, the CIB Group shall be entitled to withdraw from the sale and call a new auction for the asset. The CIB Group retains the right to decide whether to declare the result of the auction invalid and call a new auction if 1) the bids received for the given asset do not reach the starting price of the asset, or the otherwise winning bidder has given his/her bid with all rights reserved, 2) suspicion has arisen that bidders, when making their bids, knew or could have known each others' bids, or 3) suspicion arises that certain bidders in the auction formed a price cartel.
5. The winning bidder is notified by e-mail of the steps to be taken in connection with the delivery/acceptance. The winning bidder must pay the full purchase price within 5 days from the notice sent by the CIB Group, to the bank account of the number indicated in the notice. If the user wishes to pay the purchase price in euro, the euro price shall be determined based on the CIB Bank FX buy rate in effect at the time of the acceptance of the bid. The user may take delivery of the asset offered for auction following payment of the full purchase price and completion of the administration work, as well as the signing of the sale and purchase agreement. The winning bidder has 10 calendar days from the sending of the asset release permit by the CIB Group to begin removing the asset he/she has paid for. Any costs related to the asset's taking delivery, shipment or putting into operation shall be borne by the buyer. Furthermore, the storage sites shall charge HUF 1,000 + VAT as storage costs for every calendar day commenced.
6. The assets may be viewed at the time and place indicated on the product sheet, and thus users can judge for themselves the condition of the asset(s), and verify that the information published on the product sheet matches the actual condition of the asset. The CIB Group excludes all warranty and liability for defects in connection with the assets, refuses to accept liability for any overt or hidden faults related to the assets or any damages resulting from such faults, however, this disclaimer has already been taken into account as an item reducing the purchase price of the asset. The CIB Group is unable to accept any subsequent complaints after the purchase.
7. Axioart Kft and its client are entitled to use the registered data exclusively for marketing purposes (to send information materials, invites, etc.), except if the auction buyer forbids this following the auction. Axioart Kft as data manager shall not make the personal data accessible (for lack of consent) to a third party, and shall not be allowed to publish the data in the event of a termination of contract. Axioart Kft shall delete the registered data from its records after the expiry of three years from the data registration (in the absence of a request to the contrary).
8. If the wining bidder withdraws from the sale by its written statement addressed to CIb group or by implicit conduct, then the wining bidder shall pay the 10% of the highest valid bid tot he CIB Group as earnest money. It is considered to be a withdrawal from the sale by implicit conduct, if the winning bidder does not pay the full purchase price until the deadline set out in Point 5. The CIB Group retains the right to place the user rights of the reneging user under permanent ban, charging any related costs to the user. If the user is unable to make a bid or the system fails to register the user's bid, the user must notify Axioart Kft by e-mail and phone/fax/text message. Furthermore, should any participant of the auction (CIB Group/bidders) suffer any damage as a result of the activity of a user registering with false data, the CIB Group retains the right to forward the information without preliminary notice to the Analysis, Assessment and Internet Monitoring Department of the National Investigation Office and simultaneously make an official complaint.
9. With the registration, users accept this Legal Declaration and the on-line auction terms of the CIB Group.
10. With the registration, users expressly accept that the storage site for bidding is under video surveillance, users can be recorded during their stay. Recordings are kept for 30 days by the operator of the storage site and if necessary, the operator is entitled to use recordings based on the privacy policy of the current data-manager.
The CIB Group's contact addresses for movable asset sales:
email: mamtruck@cib.hu
Effective from 1/8/2020
VÉTELI MEGBÍZÁST ADOK
