Know the Details

Our friendly, professional and competent personnel will be glad to assist you every step of the way


Inspection

  • Before bidding, everyone will be allowed to inspect and check all the items they are interested in buying during the inspection days. Our competent personnel will be on hand to assist as you compare and test the items in person.

  • Registration is not required to inspect the items.

  • Please inspect the items before bidding during inspection days. Every item will be sold on an "As-is, Where-is" and with or without faults. No warranty or guanrantee for any patent and latent defects, is expressed or implied and each item is the sole responsibility of the winning bidder from the moment the Auctioneer declares the item sold. Once a lot has been won, cancelling or claiming will never be permitted

Registration

In order to bid on items, you must register. In order to register and receive a sale day catalogue (Bid Book), all bidders must proceed to the registration counter at the site office and provide the following:

  • Satisfactory Photo Identification - (Driver’s License, Company or any valid Identification)

  • A refundable minimum deposit of in cash or Manager’s Cheque. Deposits will be refunded immediately after the auction for those bidders who do not purchase any items.The minimum deposit of shall be forfeited in favor of UAI should the bidder fails to completely pay his winning bid.

  • All minimum deposits (Cash or Manager's Cheque) of non-winning bidders shall be refunded via company cheque of United Auctioneers Inc.

  • Bidder's refund will be processed immediately upon presentation/return of the "Acknowledgement Receipt". In case of loss of the Acknowledgement Receipt, United Auctioneers Inc. reserves the right to withhold the deposit until such time the Bidder’s identity is properly verified.

Bidding Procedure

  • Each Registered Bidder will be given a Bid Book with a corresponding bidder number.

  • For each lot being sold, there will be NO MINIMUM PRICE. Starting price will be determined by the attendees.

  • The Auctioneer will announce the bid he has received and call out the bid he is asking for. The Auctioneer will continually call two amounts, the higher of which is the asking price and the lower of which is the highest bid actually received for that item.

  • When you want to bid on an item at a specified price, just raise your Bid Book for the Auctioneer to acknowledge your bid. Bids should be directed to a Bid Catchers standing in the front, who will then pass your bid to the Auctioneer

  • This process will continue until all bidders have stopped bidding, at which time, the item is considered SOLD TO THE HIGHEST BIDDER.

  • If you are unable to remain at the auction to bid on items you are interested in, you can leave an Absentee Bid. Just fill-up the form below and submit it to the registration counter and United Auctioneers will bid on your behalf as if you were here.

  • If you have any uncertainty or difficulty with the bidding process, you may ask the nearest Bid Catcher for an assistance.

Payments

  • All final payments must be made in Cash or Cashier’s/Manager’s Cheque or Bank Demand Draft payable to:

    UNITED AUCTIONEERS INC.

    and paid at the Cashier's counter located at the Registration area at the site office

  • All Cheque payments will be SUBJECT TO CLEARING prior to the withdrawal of any lot/s.

  • The buyer must add the corresponding Vehicle Registration and Transfer Fees to the total purchase price. UAI will facilitate the transfer of ownership. However, UAI shall not be held responsible for any reasonable delays arising from the LTO's transfer of ownership or issuance of vehicle plate numbers

  • Interest on overdue amounts will be paid by the buyer at twenty four percent (24%) per annum.

  • REMINDERS:
    Payment Period (SUBIC):

    Payment Period (DAVAO):

    08:30am to 04:00pm daily except Saturday, Sunday and Holidays
  • Personnel will be on hand at the site office to respond to inquiries regarding payment.

Checkout

  • All items must be fully paid before leaving the yard. The Buyer will not be entitled to possession of any of his purchases until the total amount of all his purchases - including interest and storage fees have been fully paid.

  • Insurance and removal are for the Buyer’s responsibility.

  • All items must be removed on or before the LAST DAY OF REMOVAL, otherwise, a storage fee will be charged for each remaining lot AT A COST OF P500 PER DAY.

  • It is the Buyer’s responsibility to clear his purchases from the auction site. Load out and handling will be at the buyer’s cost, risk and responsibility. We recommend that Buyers coordinate with the auction office regarding procedures of clearing/removing your purchases.

  • Buyers that choose to send a representative to pull-out purchased items, must do the following:

    • Fill-up & sign the "AUTHORIZATION TO PULL-OUT FORM" (found at the centerfold of the Bid Book)

    • This original copy of the Authorization to Pullout Form must be brought by the representative to UAI’s office together with Buyer's original I.D. on the day of the pull-out.

    • All Buyers must sign/submit "DEED/S OF SALE" prior to the release of the units.

    • UAI reserves the right to refuse releasing of item/s via representative if this procedure is not followed

  • IMPORTANT:

    PARTIAL PULL-OUT ON PARTIAL PAYMENT IS NOT ALLOWED.

    NO SIGNED DEED OF SALE, NO PULL-OUT.

    Pullout Period (SUBIC):

    Pullout Period (DAVAO):

    Trucks - 08:30am to 04:00pm only
    Heavy Equipment - 08:30am to 03:00pm only
    Miscellaneous Items - 08:30am to 03:00pm only
    ** Except Saturday, Sunday and Holidays
  • Personnel will be on hand to respond to inquiries regarding pullout.

Financing

  • Buyer must surrender the Acknowledgement Receipt for the minimum deposit bid bond, before an Official Receipt for down payment can be issued.

  • Buyer/Signatory must be present upon pull-out period to sign the Deed of Sale.

  • In the absence of the signatory, his/her representative must bring an Authorization Letter with Special Power of Attorney to sign the necessary documents, (Buyer must also inform the financing firm regarding this matter).

Terms Of Sale

  • This is an Unreserved Public Auction. All items will be sold to the highest bidder regardless of price.

  • The sale will be conducted in terms of Philippine Peso.

  • No "BUYER'S COMMISSION" shall apply.

  • All items are Philippine taxes and duties paid.

  • Please inspect the items before bidding during inspection days. Every item will be sold on an "As-is, Where-is" and with or without faults. No warranty or guanrantee for any patent and latent defects, is expressed or implied and each item is the sole responsibility of the winning bidder from the moment the Auctioneer declares the item sold. Once a lot has been won, cancelling or claiming will never be permitted

  • For any lot sold as determined by the Auctioneers, the minimum deposit of P250,000 shall be deducted from the total purchase price with the remaining balance to be paid by the buyer during the payment period.

  • The buyer must add the corresponding Vehicle Registration and Transfer Fees to the total purchase price. UAI will facilitate the transfer of ownership. However, UAI shall not be held responsible for any reasonable delays arising from the LTO's transfer of ownership or issuance of vehicle plate numbers

  • Interest on overdue amounts will be paid by the buyer at twenty four percent (24%) per annum.

  • Insurance and removal are for the buyer's responsibility.

  • No purchased item may be removed until paid in full including the interest and storage fees incurred.