Vehicle Bidding

Terms and Conditions for Auctions of Vehicle Salvage and Items Offered for Sale by Libano-Suisse Insurance Company

The terms and conditions for the auctions of vehicle salvage and items offered for sale given below by Libano-Suisse Insurance Company (the “Company”) govern the relationship between all parties. No regulations or text other than these terms and conditions shall govern the transactions covered hereunder. Those wishing to participate and register in the auctions must agree in advance to comply with all the terms and conditions set out below.

The Terms and Conditions Governing the Relationship between the Company and the Bidder

• Bidders must read all the terms and conditions contained in these regulations. Once Bidders complete the registration process, they will be deemed to have agreed to and accepted all these terms and conditions, which govern the relationship between them and the Company.
• Anyone who wishes to enter the auction must register their data through the Company’s website and choose their own username and password so that they can use the site’s services. Bidders who complete the registration procedures undertake not to give their username and/or password to any other person. If a third party uses a Bidder’s account, the Bidder shall bear full responsibility for this.
• Registration in the auctions through the Company’s website is available to companies and individuals from 18 years of age and over. The Company reserves the right, as deems appropriate, to reject any registration application and/or to remove any user and cancel their account from the Company’s website, as it deems appropriate.
  For individuals, a copy of a valid Qatari ID or a valid passport is required.
  For companies, a copy of a valid Qatari commercial register & Computer Card is required.
• Bidders shall notify the Company immediately of any changes on the information or documents submitted by them, which have occurred during or after the registration process. The Company has the right to review all information submitted and ensure its correctness and validity. If a Bidder submits incorrect information or violates any of the terms and conditions or for any other reason, the Company shall have the right to close their account and prohibit them from participating in any future auctions without prior notice or liability on the Company.
• Users of the Company’s auction site undertake not to tamper with the auction prices or perform any activity that would negatively affect the site infrastructure. Users undertake not to take any actions that would prevent other site users from accessing the site or limit access to a specific category in any way whatsoever. Additionally, Users undertake not to publish incorrect or misleading information that might harm or tarnish the reputation of any of the parties. Users shall not disturb the site’s visitors by sending materials that may annoy, harm, or spy on any parties or send any messages or fabricated materials that expose them to legal accountability.
• Bidders declare, based on these terms and conditions, that they have fully and thoroughly examined and inspected the vehicles and/or items offered for sale and that they have satisfied themselves as to the specifications and conditions of such vehicles and/or items before bidding on them. Bidders acknowledge that the vehicles and/or items offered for sale are sold in their current condition at the time of being put up for sale in a state of wreckage with defects, shortcomings, and errors in their description. Bidders agree that bidding on such vehicles and/or items by the Bidders means that Bidders have acquired full knowledge of the vehicles and/or items offered for sale and that Bidders have done all due diligence before bidding. Bidders acknowledge that the Company is not responsible for any errors in the description or otherwise and that the Company does not give any guarantees on the vehicles and/or items offered for sale nor against any special, incidental, indirect, missing parts or consequential damages.
• In the event of winning the auction and purchasing any vehicle or item, Bidders undertake to complete the payment process and all other procedures by visiting the Motor Claims Department located in C-Ring Road, Al-Hilal , Doha, Qatar (Click here to access our location) within a period not exceeding two working days from the date of closing the auction and being notified of the award. If the successful Bidder fails to comply with this, the deposit amount referred to in the previous clause will be confiscated and the Company shall have the right to close the Bidder’s account or prohibit them from participating in future auctions without prior notice.
• If the Bidder pays the value of the vehicle wreck and/or the items sold using a bank cheque, the Company will not release the vehicles and/or items or any documents related to the transfer of ownership until it ensures collecting the full amount.
• The Bidder may not withdraw from the auction after winning it and shall bear all the responsibility and consequences for participating in the auction.
• The Bidder is obligated to transport and remove the purchased vehicles and/or items and transfer their ownership at their own expense within a maximum period of two working days after paying the full amount due on them without any liability on the Company. In the event of failure to transport any purchased vehicle wreckage or item within the mentioned period, the Company will be entitled to claim financial compensation for the delay period at the rate of 50 Qatari riyals (Fifty Qatari riyals) for each day of delay.
• The Company has the right, at its sole discretion and as it deems appropriate, to cancel the auction, postpone it or extend its time if necessary or for any technical or other problems.
• The Company has the right to set a minimum price for any vehicle or item offered for sale, and the Bidder must pay the minimum price or a higher price.
• The Company has the right, at its sole discretion and without giving any reason, to reject any offer or withdraw any vehicle or item from the auction and re-offer them in a subsequent auction as it deems appropriate.
• It is required that the number of bids shall not be less than five bids per vehicle or item. In the event that this is not achieved during the first auction, the vehicle or item will be offered again in the subsequent auction.
• These terms and conditions shall be interpreted, construed, and governed by Qatari laws. The Qatari courts shall be the competent courts to adjudicate any disputes arising therefrom.