Auction Terms and Conditions

INTRODUCTION

The contractual relationship of Trinity Marine with prospective Buyers is governed by:-

• Notice to Bidders
• Conditions of Sale
• Trinity Marine Authenticity Guarantee
• Any additional notices and terms published on the website
• Appendix I: Definitions
• Appendix II: Data Protection

NOTICE TO BIDDERS

1. General

1.1 In our role as auctioneer Trinity Marine acts as agent on behalf of the Seller whose identity, for reasons of confidentiality, is not normally disclosed. Any representation we make in respect of a Lot is made on the Seller’s behalf and accordingly any Contract for Sale is between the Buyer and the Seller, not with Trinity Marine.

1.2 All Auctions are conducted according to Trinity Marine’s Conditions of Sale as stipulated in the Terms and Conditions

1.3 Trinity Marine’s Auctions are public Auctions where bidding takes place online via the Trinity Marine iRostrum bidding platform or by Absentee Bids submitted in person or electronically to Trinity Marine. Lots are available to view by the public as published on the websites and the Notice to Bidders.

1.4 Trinity Marine reserves the right at our sole discretion to refuse admission or participation in any Auction without stating a reason.

2. Lots

2.1 All Lots are available for examination prior to the sale at the Venue and on the dates as published on the Website.

2.2 Bidders must therefore accept responsibility to carry out examinations and research to satisfy themselves as to the accuracy of descriptions and condition of a Lot before bidding.

3. Catalogue Descriptions of Lots, Estimates and Images

Each Lot will be published with a written description, Estimate, condition statement and image in the Catalogue

3.1 Descriptions

Any oral and/or written statement made by Trinity Marine as to attribution, authenticity, description, date, provenance and condition are matters of opinion. Trinity Marine shall exercise reasonable care and any such opinion shall be honestly and reasonably held. Whilst Trinity Marine seeks to describe Lots accurately it is not always possible to carry out exhaustive due diligence on each lot.

3.2 Condition

(i) A brief Condition Statement may be published as part of the Catalogue Description. The Condition Statement and any oral condition information provided by Trinity Marine is a matter of opinion as held at that time only. Trinity Marine does not accept any liability for the correctness of such opinions and all conditions and warranties relating to condition, express, implied or statutory, are hereby excluded.

(ii) Bidders may request a written Condition Report on a Lot’s physical condition from Trinity Marine. Any written description of the physical condition of a Lot contained in a Condition Report is a matter of opinion as held at that time only. However Trinity Marine accepts reasonable responsibility to notify any Bidder provided with a Condition Report for a Lot if they become aware of any material change to the condition of this Lot at a later date.

3.3 Estimates

An estimate is an expression of Trinity Marine’s opinion of the range within which Trinity Marine thinks the Hammer Price for a Lot is likely to be. It is not an estimate of value and it does not take account of any VAT payable. Lots can in fact sell for Hammer Prices below and above the estimates. Any estimates should not be relied on as an indication of the actual selling price or value of a Lot.

3.4 Images

Images contained in the Catalogue and elsewhere of any Lots are for identification purposes only. They may not reveal the true condition of the Lot and may not reflect an accurate reproduction of the colour(s) of the Lot.

 3.5 Copyright

The copyright of all images, text and any other materials on the Websites or in any marketing or promotional material belongs to Trinity Marine. It is not permitted for anyone else to use or reproduce such materials without Trinity Marine’s prior written consent.

4. Reserves

4.1 Where a Reserve has been applied to a Lot this will be no higher than the low Estimate.

4.2 Trinity Marine is not responsible to the Bidder in respect to the presence or absence of any Reserve in respect of any Lot.

4.3 If Trinity Marine requires a Reserve on a Lot to be reduced during an Auction then any Bids already placed on that Lot that were previously below the reserve and are now equal to or above that Reserve will become accepted Bids. Trinity Marine accepts reasonable responsibility to notify any effected Bidder of the change to Reserve and subsequent Bid status.

5. Amendments

Descriptions and Estimates may be amended at Trinity Marine’s discretion from time to time by written notice on the Website before or during an Auction. It is the responsibility of the Bidder to keep themselves informed of any such amendments.

CONDITIONS OF SALE

1. General

1.1 Trinity Marine’s Auctions are public Auctions where bidding takes place online via the Trinity Marine iRostrum bidding platform. Lots are available to view by the public as published on the websites and the Notice to Bidders.

1.2 Trinity Marine reserves the right at our sole discretion to refuse admission or participation in any Auction without stating a reason.

1.3 The Conditions of Sale shall also apply to any Private Treaty sales arranged by Trinity Marine.

2. Registration

2.1 In order to participate in an Auction, Bidders must register their details on the Trinity Marine iRostrum bidding platform thereby agreeing to the Trinity Marine Terms and Conditions for Buyers.

2.2 Purchased Lots will be invoiced to the name and address as registered.

Bidders may be required to provide some form of identification on request.

3. Bidding Procedures

3.1 Each Lot has an individual Auction Close Time as stated on the Website.

3.2 Any Bid placed within the last 5 minutes of a Lot’s Auction Close Time will extend this period of bidding by up to 5 minutes to allow time for counter bids.

3.3 Any bid submitted by a Bidder via the Trinity Marine iRostrum bidding platform or as an Absentee Bid to Trinity Marine constitutes a legal and binding offer.

3.4 Any bid made by a Bidder on a Lot will remain valid for the duration of the Lot’s bidding period as stated on the website.

3.5 The Successful Bid in any Auction will be the first highest bid as registered by the Trinity Marine iRostrum bidding platform that equals or exceeds the Reserve price at the point of the Lot’s Auction Close Time

3.6 A Bidder accepts that a Successful Bid constitutes a legally binding contract to purchase the Lot at that Hammer Price plus VAT.

3.7 A successful Bidder will be contacted in writing by Trinity Marine to confirm the successful bid and will receive an invoice shortly after the sale. Any invoice will be drawn under the name of the registered name of the successful bidder.

3.8 Trinity Marine may set minimum bids or Reserves and are entitled to change these at any time during the Auction period.

3.9 Bidders may not retract a bid except for limited circumstances allowed under applicable law.

3.10 Any bid placed by a Bidder below the Reserve price will no longer be legally binding once the auction has ended.

4. Increments

4.1 Bidding increments are set at the discretion of Trinity Marine and are generally set at 10% of the Current Bid

4.2 Where appropriate any Bids submitted that do not comply with the preset increments will be accepted and rounded down to the nearest correct Bid, not exceeding the Maximum Bid amount submitted

5. Withdrawal of Lots

5.1 Trinity Marine reserves the right to withdraw any Lot, refuse a Bidder’s registration and refuse Bids, and to otherwise regulate the bidding at anytime.

6. Purchase Price

6.1 The price payable by the Buyer to Trinity Marine is equal to the sum of the Hammer Price and VAT at the appropriate rate.

7. VAT

7.1 VAT is charged on the hammer price, at the prevailing rate, currently 20%.  

8. Payment

8.1 Payment of the total Purchase Price will be due from a successful Bidder in cleared funds within seven (7) days of the Auction end. Payment must be by one of the methods stated below. Payment made by anyone other than the registered buyer will not be accepted.

Trinity Marine’s preferred payment method is by bank transfer.

Bank Transfer: You may electronically transfer funds to the Trinity Marine Account. Please quote your invoice number and Surname as the reference. The Trinity Marine Account details are:

Bank: Lloyds Bank
Account Name: Jameson and Sons Ltd
Sort Code: 30-84-67
Account Number: 70379260
IBAN Number: GB24LOYD30846770379260
BIC: LOYDGB21769

Trinity Marine is a trading name of Jameson & Sons Ltd

If paying by bank transfer the amount received after the deduction of any bank fees and/or conversion of the currency of payment into Sterling must not be less than the Sterling amount payable, as set out on the invoice.

Cash: You may pay for Lots purchased by you in the Auction in Sterling Cash, provided that the total amount payable in respect of all Lots purchased by you in the Auction does not exceed £5,000. If the amount payable exceeds that sum, the balance must be paid by other means.

UK and EU Consumer Debit Cards and Credit Cards There is no additional charge for purchases made with personal consumer debit and credit cards issued by a bank within the EEA.

All Commercial Cards and Non-EU Debit Cards and Credit Cards  For all Commercial Debit and Credit Card payments and payments made with debit and credit cards issued by a bank outside the EEA there is a 2.5% surcharge on the total invoice value.

9. Transfer of Title

9.1 Title to the Lot will only pass to the Buyer on receipt by Trinity Marine in cleared funds of the full Purchase Price and the Lot will not be released to the Buyer until such time.

10. Collection and Delivery

10.1 Collection by the Buyer:

10.1.1 Collection of a Lot is at the risk and expense of the Buyer

10.1.2 If the Buyer has asked to collect the purchased Lot from Trinity Marine’s premises, the Buyer can collect it from Trinity Marine by appointment during our working hours of 9:00 am to 4:30 pm on weekdays (excluding public holidays);

10.1.3 For all sold Lots not collected within 14 days of the Auction end without prior arrangement, Trinity Marine reserves the right to charge storage a daily rate of £1.50 per lot and storage will be at the Buyer’s risk

10.2 It is the sole responsibility of the Buyer to comply with all export and import regulations relating to your purchases and also to obtain any relevant export and/or import licence(s). 

11. Additional provisions applicable to Online Only Auctions

11.1 Trinity Marine is not responsible for delays outside their control. If the making available of a purchase is delayed by an event outside Trinity Marine’s control then Trinity Marine will contact the Buyer as soon as possible to let the Buyer know and will take steps to minimise the effect of the delay. Trinity Marine will not be liable for delays caused by the event, but if there is a risk of substantial delay the Buyer may contact Trinity Marine to end the Contract for Sale and receive a refund for any Lot the Buyer has paid for but not received.

11.2 The Buyers rights to end the Contract for Sale.

11.2.1 When the Buyer can end the Contract for Sale.  The Buyer’s rights to end the Contract for Sale will depend on what they have bought, whether there is anything wrong with it, and how the Trinity Marine is performing the Contract for Sale and when the Buyer decides to end the Contract for Sale:

11.2.1.1 If what the Buyer has bought is faulty or misdescribed the Buyer may have a legal right to end the Contract for Sale of the relevant Lot;

11.2.1.2 If the Buyer wants to end the contract because of something Trinity Marine has done or which Trinity Marine has told the Buyer they going to do; or

11.2.1.3 If the Buyer has just changed their mind about the purchase made under the relevant Contract for Sale, please see clause 11.3. In such circumstances the Buyer may be able to get a refund if they are within the cooling-off period, but this may be subject to deductions and the Buyer will have to pay the costs of return of the relevant Lot.

11.2.2 Ending the Contract for Sale because of something Trinity Marine has done or is going to do. If the Buyer is ending the Contract for Sale because the Buyer has a legal right to end the Contract for Sale because of something Trinity Marine has done wrong, the Contract for Sale will end immediately and Trinity Marine will refund the Buyer in full the price paid for any purchases which have not been provided under that Contract for Sale and the Buyer may also be entitled to compensation.

11.3 Exercising the Buyer’s right to change their mind (Consumer Contracts Regulations 2013). For most products bought by a Consumer from a Trader online, the Consumer will have a legal right to change their mind within 14 days and receive a refund.  These rights, under the Consumer Contracts Regulations 2013, are explained in more detail in clauses 11.2.1.3, 11.5 and 11.6 in these Conditions of Sale. These rights only apply in certain circumstances. Please contact us or contact Citizens Advice Bureau (contact details above) for further information.

11.4 Our authenticity guarantee. Please see clause 13 for Trinity Marine’s authenticity guarantee. The authenticity guarantee does not affect the Buyer’s legal rights in relation to a faulty or misdescribed Lot.

11.5 How long does the Buyer have to change their mind? The Buyer has 14 days after the day the Buyer (or someone the Buyer nominates) receives the Lot to exercise their right to change their mind.

11.6 How to end the Contract for Sale (including if you have changed your mind):

11.6.1 Tell Trinity Marine you want to end the Contract for Sale by doing one of the following:

11.6.1.1 Phone or email. Call Trinity Marine on +44 (0)1647 253 400 or email at trade@trinitymarine.co.uk. Please provide your name, home address, details of the Lot and, where available, your phone number and email address.

11.6.1.2 By post. Write to Trinity Marine at Scattor Rock, Shaldon Lane, Dunsford, Exeter, EX6 7YT, including details of what you bought, when you ordered or received it and your name and address.

11.7 Returning a Lot after ending the Contract for Sale. If the Buyer ends the Contract for Sale for any reason after delivery has been arranged in respect of the relevant Lot or the Buyer has received the relevant Lot, the Buyer must return the Lot to Trinity Marine. The Buyer must either return the relevant Lot in person, post it to Trinity Marine at Scattor Rock, Shaldon Lane, Dunsford, Exeter, EX6 7YT.  Please call Trinity Marine on +44 (0)1647 253 400 or email at trade@trinitymarine.co.uk.  If the Buyer is exercising their right to change their mind they must send off the relevant Lot within 14 days of telling Trinity Marine they wish to end the Contract for Sale. Where the Buyer is returning the relevant Lot to Trinity Marine we recommend the Buyer obtains appropriate insurance and retains proof of postage as the relevant Lot remains at the Buyer’s risk until the Lot is received by Trinity Marine or Trinity Marine’s nominated courier – where Trinity Marine is paying the costs of return under clause 11.8 below, please contact Trinity Marine for details of the required insurance arrangements.

11.8 When Trinity Marine will pay the costs of return. Trinity Marine will pay the costs of return:

11.8.1 if the relevant Lot is faulty or misdescribed; or

11.8.2 if there is a delay in making the Lot available for delivery due to events outside the Trinity Marine’s control or because the Buyer has a legal right to do so as a result of something Trinity Marine has done wrong in relation to the Contract for Sale.

In all other circumstances (including where you are exercising your right to change your mind) the Buyer must pay the costs of return.

11.9 Charges for Collection. If the Buyer is responsible for the costs of return and Trinity Marine is collecting the relevant Lot from the Buyer, the Buyer will be charged the direct and reasonable cost of collection.

11.10 How the Buyer will be refunded.  Where a refund is due under this clause 11 the Buyer will be refunded the price the Buyer paid for the Lot, by the method used for payment. However, deductions may be made from the price, as described below.

11.11 Deductions from refunds if the Buyer is exercising their right to change their mind. If the Buyer is exercising their right to change their mind:

11.11.1 the Buyer’s refund of the price may be reduced to reflect any reduction in the value of the Lot, if this has been caused by the Buyer’s handling them in a way which would not be permitted in a shop; and

11.11.2 the maximum refund for delivery costs will be the costs of delivery by the least expensive delivery method Trinity Marine offers. For example, if Trinity Marine offers delivery of a Lot within 3-5 days at one cost but the Buyer chooses to have the Lot delivered within 24 hours at a higher cost, then Trinity Marine will only refund what the Buyer would have paid for the cheaper delivery option.

11.12 When the Buyer’s refund will be made. Any refunds due to the Buyer will be made by Trinity Marine as soon as possible.  If the Buyer is exercising their right to change their mind then:

11.12.1 If Trinity Marine has not offered to collect the Lot, the Buyer’s refund will be made within 14 days after the day on which Trinity Marine receives the Lot back from the Buyer or (if earlier) the day on which the Buyer supplies evidence of having sent the Lot back to Trinity Marine; or

11.12.2 In all other cases, the Buyer’s refund will be made within 14 days after the day the Buyer tells Trinity Marine the Buyer has changed their mind.

11.13 The Buyer must compensate Trinity Marine if they break the Contract for Sale. If the Buyer ends the Contract for Sale in the situations permitted in these Conditions of Sale, Trinity Marine will refund any money the Buyer has paid for any Lot which has not been received by the Buyer pursuant to that Contract for Sale, but Trinity Marine may deduct or charge the Buyer reasonable compensation for the net costs the Trinity Marine will incur as a result of the Buyer breaking the Contract for Sale.

11.14 If there is a problem with the Lot. If the Buyer has any questions or complaints about the Lot, in the first instance please contact Trinity Marine. The Buyer can telephone Trinity Marine at +44 (0)1647 253 400 or write to Trinity Marine at trade@trinitymarine.co.uk or at Scattor Rock, Shaldon Lane, Dunsford, Exeter, EX6 7YT 

11.15 Any Lot supplied must conform to the Contract of Sale. Trinity Marine is under a legal duty to supply Lots that are in conformity with the Contract for Sale.

12. Failure to make Payment or Remove the Lot

12.1 If the Buyer without prior agreement fails to make payment for the lot within seven (7) days of the Auction end and/or the lot is not removed in accordance with this agreement, Trinity Marine may in our sole discretion exercise one or more of the following remedies (without prejudice to any rights that the Seller may have):

(i) Store the lot at Trinity Marine’s storage facility or elsewhere at the Buyer’s sole risk and expense;

(ii) Cancel the sale of the lot;

(iii) Set off any amounts owed to the Buyer by Trinity Marine against any amounts owed to Trinity Marine by the Buyer for the lot;

(iv) Reject future bids from the Buyer;

(v) Charge interest at 5% per annum above The Bank of England’s Base Rate from the Payment Date to the date that the Purchase Price is received in cleared funds;

(vi) Re-sell the Lot by Auction or Private Treaty, following 3 months written notice to the Buyer, with Estimates and Reserves at Trinity Marine’s discretion. The Buyer will remain liable for any shortfall between the original Purchase Price and the amount achieved on re-sale, including all costs incurred in such re-sale. The sale proceeds, less all Trinity Marine’s costs, will be forfeited unless collected by the Buyer within 2 years of the original auction.

(vii) Exercise a lien over any of the Buyer’s other property in Trinity Marine’s possession, applying the sale proceeds to any amounts owed by the Buyer to Trinity Marine. Trinity Marine shall give the Buyer 60 days written notice before exercising such lien;

(viii) Commence legal proceedings to recover the Purchase Price for the lot, plus interest and legal costs;

13. Trinity Marine Authenticity Guarantee

13.1 Notwithstanding the terms set out in condition 3, if Trinity Marine sells a Lot which is later shown to be a Deliberate Forgery, subject to the terms below Trinity Marine will rescind the sale and refund the Buyer the total amount paid by the Buyer to Trinity Marine for that Lot, up to a maximum of the Purchase Price.

13.2 The Guarantee lasts for one (1) year after the date of the relevant auction, is for the benefit of the Buyer only and is non-transferable.

13.3 A Deliberate Forgery is a Lot that in Trinity Marine’s reasonable opinion is an imitation intended by the maker or any other person to deceive as to authorship, attribution, origin, authenticity, style, date, age, period, provenance, culture, source or composition, which at the date of the Auction had a value materially less than it would have had if the lot had not been such an imitation, and which is not stated to be such an imitation in any description of the Lot.

13.4 A Lot will not be a Deliberate Forgery by reason of any damage to, and/or restoration and/or modification work having been carried out on the Lot.

13.5 Please note that this Guarantee does not apply if either:-

(i) The catalogue description was in accordance with the generally accepted opinions of scholars and experts at the date of the sale, or the catalogue description indicated that there was a conflict of such opinions; or

(ii) The only method of establishing at the date of the sale that the item was a Deliberate Forgery would have been by means of processes not then generally available or accepted, unreasonably expensive or impractical, or likely to have caused damage to or loss in value to the Property in Trinity Marine’s reasonable opinion; or

(iii) There has been no material loss in value of the Property from its value had it accorded with its catalogue description.

13.6 To claim under this Guarantee, the Buyer must:

(i) Notify Trinity Marine in writing within one (1) month of receiving any information that causes the Buyer to question the authenticity or attribution of the Property, specifying the lot number, date of the auction at which it was purchased and the reasons why it is believed to be Counterfeit; and

(ii) Return the Property to Trinity Marine in the same condition as at the date of sale and be able to transfer good title in the Property, free from any third party claims arising after the date of the sale.

13.7 Trinity Marine has discretion to waive any of the above requirements.

13.8 Trinity Marine may require the Buyer to obtain at the Buyer’s cost the reports of two independent and recognised experts in the relevant field. Trinity Marine shall not be bound by any reports produced by the Buyer, and reserves the right to seek additional expert advice at our own expense. In the event Trinity Marine decides to rescind the sale under this Guarantee, it may refund to the Buyer the reasonable costs of up to two mutually approved independent expert reports, provided always that the costs of such reports have been approved in advance and in writing by Trinity Marine.

14. Exclusions and limitations of liability to Buyers

14.1 Trinity Marine shall refund the Purchase Price to the Buyer in circumstances where it deems that the lot is a Deliberate Forgery, subject to the terms of Trinity Marine’s Authenticity Guarantee as outlined in Condition 13.

14.2 Subject to Condition 14.1, Trinity Marine:

(i) Is liable for any errors or omissions in any oral or written information provided to Bidders by Trinity Marine, whether negligent or otherwise;

(ii) Gives any guarantee or warranty to Bidders and any implied warranties and conditions are excluded (save in so far as such obligations cannot be excluded by English law), other than the express warranties given by Trinity Marine to the Buyer under the Conditions of Business;

(iii) Accepts responsibility to Bidders for acts or omissions (whether negligent or otherwise) by Trinity Marine in connection with the conduct of auctions or for any matter relating to the sale of any lot.

14.3 Without prejudice to Condition 14.2, any claim against Trinity Marine by a Bidder is limited to the Purchase Price for the relevant Lot. Trinity Marine shall be liable for any indirect or consequential losses.

14.4 Nothing in Condition 14 shall exclude or limit the liability of Trinity Marine for death or personal injury caused by the negligent acts or omissions of Trinity Marine.

15. Third Party Liability

All members of the public on the premises of the Auction Venues are there at their own risk and must note the lay-out of the accommodation and security arrangements. Accordingly Trinity Marine shall not incur liability for death or personal injury, except as required by law by reason of our negligence, or similarly for the safety of the property of persons visiting the Venue.

Appendix I: DEFINITIONS

“Auction” is the Auction at which a Lot is offered for sale by Trinity Marine through the Trinity Marine iRostrum online bidding platform.

“Authenticity Guarantee” the obligation undertaken personally by Trinity Marine to the Buyer in respect of any Deliberate Forgery

“Bailee” is a person to whom goods are entrusted

“Bidder” is any person making, attempting or considering making a bid on a Lot, including buyers either through the Trinity Marine iRostrum bidding platform or any other means, also referred to as ‘you’.

“Buyer” is the person who makes the highest Successful Bid or offer on a Lot accepted by the Trinity Marine iRostrum bidding platform or Trinity Marine, also referred to as ‘you’.

“Buyer’s Premium” is the commission payable by the buyer on the hammer price at the rates set out in the Notice to Bidders.

“Catalogue” is the online catalogue relating to the relevant Sale published by Trinity Marine.

“Client Account” is the bank account of Trinity Marine into which all sums received in respect of the Purchase Price of any lot will be paid, such account to be a distinct and separate account to Trinity Marine’s normal business bank account.

“Condition Statement” is any brief description of the condition as mentioned in the Catalogue or provided orally by Trinity Marine on behalf of the Seller

“Condition Report” is a formal written report on the physical condition of a Lot provided to a Bidder by Trinity Marine on request

“Consumer” means an individual acting for purposes that are wholly or mainly outside that individual’s trade, business, craft or profession.

“Contract for Sale” is the sale contract entered into by the Seller with the Buyer.

“Deliberate Forgery” is a Lot that in Trinity Marine’s reasonable opinion is an imitation intended by the maker or any other person to deceive as to authorship, attribution, origin, authenticity, style, date, age, period, provenance, culture, source or composition, which at the date of the Auction had a value materially less than it would have had if the lot had not been such an imitation, and which is not stated to be such an imitation in any description of the Lot.

“Description” any statement or representation in any way descriptive of the Lot, including any statement or representation relating to its authorship, attribution, condition, provenance, authenticity, style, period, age, suitability, quality, origin, value, estimated selling price (including the Hammer Price).

“Estimate” a statement of Trinity Marine’s opinion of the range within which the hammer is likely to fall.

“Hammer Price” is the highest bid accepted by Trinity Marine for a Lot that equals or exceeds the Reserve price

“Handling Charge” is the charge payable by the Seller to Trinity Marine per lot per auction as stated on the Contract.

“iRostrum” is iRostrum Limited a Company registered in England and Wales with company number 8112845 with its registered office at 6 Wellington Cottages, Warren Row, Berkshire RG10 8QX.

“Lot” or “Item” is any item consigned to Trinity Marine with a view to sell at Auction or by Private Treaty

“Trinity Marine” is Jameson and Sons Ltd. trading as Trinity Marine, incorporated and registered in England and Wales with the company number 12854739 whose registered office is at, Scattor Rock, Shaldon Lane, Dunsford, Exeter, EX6 7YT also referred to as ‘us’, ‘our’ or ‘we’. 

“Trinity Marine iRostrum bidding platform” is the instance of the iRostrum bidding platform licensed by Trinity Marine and accessed at https://trinitymarine.irostrum.com/

“Maximum Bid” is the confidential maximum price submitted by a Bidder for a Lot in an Auction through the Trinity Marine iRostrum bidding platform excluding VAT.

“No Reserve” is where there is no minimum price at which a Lot may be sold.

“Notice to Bidders” the notice published on Trinity Marine and the Trinity Marine iRostrum bidding platform websites.

“Online Only Auctions” is where the Lot is (i) (a) published for auction and (b) purchased in each case (a) and (b) through the use a website at www.trinitymarine.co.uk>https://trinitymarine.irostrum.com/; and (ii) where Consumers are not given the opportunity to attend in person.

“Private Treaty” is a sale of a Lot sold outside of the Trinity Marine iRostrum bidding platform.

“Purchase Price” is the sum payable by the Buyer of the Hammer Price, plus VAT at the appropriate rate.

“Reserve” the minimum price at which a Lot may be sold (whether at auction or by private treaty).

“Successful Bid” is the first highest bid in any Auction as registered by the Trinity Marine iRostrum bidding platform that equals or exceeds the Reserve price at the point of the Lot’s Auction End Time

“Trader” means a person acting for purposes relating to that person’s trade, business, craft or profession, whether acting personally or through another person acting in the trader’s name or on the trader’s behalf.

“VAT” Value Added Tax and Import Value Added Tax as applicable calculated at the rate at the time of sale.

“Venue” is the location where Trinity Marine will present Lots available for public view during the published dates as detailed in the Notice to Bidders and on the websites.

“Website(s)” is the Trinity Marine website at www.trinitymarine.co.uk and/or the Trinity Marine iRostrum bidding platform website at https://trinitymarine.irostrum.com/ as indicated.

“Withdrawn Lot” a lot withdrawn from an Auction by Trinity Marine at anytime prior to or during an Auction.

Appendix II: DATA PROTECTION – Use of your information

Please refer to the Trinity Marine Privacy Policy