Auction Rules, Terms & conditions
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1. Registration
As an international customer at Retrade you are required to register as a member. Use the registration form at “My account" to complete the registration. By completing this form you confirm that the information given about your company is correct. Any changes to your company information are required to be reported to Retrade by updating your company profile at “My account."
To enter into any transaction, you must be over the age of 18 and legally able to enter into contracts for the purchase of the items in question.
It is free of charge to become a member at Retrade.
2. Privacy policy
We will gather, use and disclose company, contact and payment data you have registered with us in accordance to our privacy policy. Retrade is only sharing contact information/payment data registered with us to seller and our invoice partner Lindorff for those auctions where you have the winning bid.
By accepting Retrade's terms you give Retrade permission to let Retrade use your/your companys information according to the privacy protection law.
Retrade is responsible for all personal data you submit by placing a bid or visiting our site. Retrade will never, under any circumstances give out the submitted personalia, or other information about its customers to any third party. By registering with Retrade you give the company permission to use your e-mail address to send marketing information from the company and the auctions. However, you may choose not to receive this mail when registering. On request, you have the right to know which information is registered on you, and to have this information deleted.
3. Auction rules
All transactions at Retrade are governed by our Auction Rules. You must ensure that you understand the way transactions work at Retrade, by reading and understanding the Auction Rules before you participate in any transactions. As we develop the services we offer, we may change our Auction Rules from time to time, both to add to (and delete) specific types of transactions, or to alter the way that individual transactions are conducted. Therefore, you should keep up-to-date with the content of our Auction Rules.
a) Bids
All bids placed in auctions are binding. This means that if a bid is placed in an auction through your Retrade account (whether by you or someone who uses that account), the bid may not be retracted and is legally binding for you, as the account owner. If you have the winning bid, a contract is automatically created between you and the seller when the auction closes.
b) Decline bids
The seller is free to decline any winning bid.
c) Closing of auctions
Retrade reserves the right to close any auction at any given time.
d) Closing of accounts
Retrade reserves the right to close accounts where users act or behave in conflict with these rules or the terms & conditions at Retrade.
e) Payment
When an auction has ended, the bid winner receives an invoice. All payments need to be registered at Retrade within ten days after the auction has ended. Payment must be registered at Retrade before the release of the item. In the event payment is not registered with us within this period, the sale will be cancelled without further notice and the buyers account will be blocked from further activity on Retrades auction sites. Buyer will receive an invoice with the original sales commission, minimum NOK 1000.
f) Freight
The buyer is responsible for all costs connected to freight of the item(s). Delivery is agreed between buyer and seller. The buyer is responsible for agreeing with seller on all details concerned to pick up and freight. Payment needs to be registered in Retrade’s system before the release of an item by a seller. The buyer is responsible for all freight costs. Products are to be picked up within 30 days after the auction ends unless otherwise is agreed with seller. After this date, the seller has the right to re-sell or discard the object without notice or compensation for the buyer.
The item is approved by the buyer at the time of pick up. Whenever the buyer sends a transporter/ third part to pick up the item, the item is considered as approved by the buyer when removed from the sellers location.
g) Sales Commission
The sales commission is included in the bid, and specified on the invoice.
h) Starting bid
Every auction has a defined starting bid. All bids placed needs to be higher than the starting bid. The seller decides the starting bid.
i) Start time/End time
All auctions has a start time and a end time. It is only possible to place bids within this time space. If a bid is placed during the last ten minutes of an auction, the auction is automatically extended with another ten minutes, from the time when the bid was placed. Bids placed within the last minute are also registered. The seller decides the start- and ending time.
j) Bid increment
All auctions have a defined bid increment. The size of every bid needs to be the last registered bid + bid increment. The seller decides the bid increment.
4. Retrade’s role
Retrade cannot be held responsible for the listing of and the products offered for sale or delivery from the seller. Retrade has no control over or responsibility for the quality, safety, or legality of items in any auctions. The seller, on the other hand, is obligated to deliver the product as described in the auction. Retrade is not party to any transactions, and only provides the technical means, and the marketplace, for transactions to be initiated or conducted.
Retrade reserves the right to withdraw listings, to close transactions early, or to extend them, where we have other compelling legal or technical reasons to do so (including technical difficulties experienced by Retrade, a seller, or on the Internet). Where reasonably practical, we shall provide reasonable advance notice to you of any such steps Retrade is to take.
Retrade reserves the right to suspend or terminate any member’s account which is, or appears to us to be in persistent or material breach of this agreement. Any person who holds a suspended or terminated account must not re-register for Retrade without our prior consent.
5. Retrade’s liability
To the extent that the law permits, you release Retrade, its agents and employees from all liability arising out of, or in connection with any Listing or, Transaction, including (without limitation) all claims and demands relating to listings, uncompleted or completed transactions, or items offered for sale or supply, or actually sold and supplied, through or in connection with any listing or transaction.
Retrade shall not be liable for any failure to perform its obligations under this agreement caused by matters beyond reasonable control.
We will not be liable to you or any third party for any indirect or consequential loss or damage, or for any loss of data, profit, revenue or business, howsoever caused (whether arising out of any negligence or breach of this agreement or otherwise).
You agree to indemnify Retrade against all liabilities, claims and expenses that may arise from any breach of this agreement by you or through your Retrade account.
6. Severability
In the event that any term of this agreement is held to be invalid or unenforceable by judicial decree of decision, the remainder of this agreement shall remain valid and enforceable.
As an international customer at Retrade you are required to register as a member. Use the registration form at “My account" to complete the registration. By completing this form you confirm that the information given about your company is correct. Any changes to your company information are required to be reported to Retrade by updating your company profile at “My account."
To enter into any transaction, you must be over the age of 18 and legally able to enter into contracts for the purchase of the items in question.
It is free of charge to become a member at Retrade.
2. Privacy policy
We will gather, use and disclose company, contact and payment data you have registered with us in accordance to our privacy policy. Retrade is only sharing contact information/payment data registered with us to seller and our invoice partner Lindorff for those auctions where you have the winning bid.
By accepting Retrade's terms you give Retrade permission to let Retrade use your/your companys information according to the privacy protection law.
Retrade is responsible for all personal data you submit by placing a bid or visiting our site. Retrade will never, under any circumstances give out the submitted personalia, or other information about its customers to any third party. By registering with Retrade you give the company permission to use your e-mail address to send marketing information from the company and the auctions. However, you may choose not to receive this mail when registering. On request, you have the right to know which information is registered on you, and to have this information deleted.
3. Auction rules
All transactions at Retrade are governed by our Auction Rules. You must ensure that you understand the way transactions work at Retrade, by reading and understanding the Auction Rules before you participate in any transactions. As we develop the services we offer, we may change our Auction Rules from time to time, both to add to (and delete) specific types of transactions, or to alter the way that individual transactions are conducted. Therefore, you should keep up-to-date with the content of our Auction Rules.
a) Bids
All bids placed in auctions are binding. This means that if a bid is placed in an auction through your Retrade account (whether by you or someone who uses that account), the bid may not be retracted and is legally binding for you, as the account owner. If you have the winning bid, a contract is automatically created between you and the seller when the auction closes.
b) Decline bids
The seller is free to decline any winning bid.
c) Closing of auctions
Retrade reserves the right to close any auction at any given time.
d) Closing of accounts
Retrade reserves the right to close accounts where users act or behave in conflict with these rules or the terms & conditions at Retrade.
e) Payment
When an auction has ended, the bid winner receives an invoice. All payments need to be registered at Retrade within ten days after the auction has ended. Payment must be registered at Retrade before the release of the item. In the event payment is not registered with us within this period, the sale will be cancelled without further notice and the buyers account will be blocked from further activity on Retrades auction sites. Buyer will receive an invoice with the original sales commission, minimum NOK 1000.
f) Freight
The buyer is responsible for all costs connected to freight of the item(s). Delivery is agreed between buyer and seller. The buyer is responsible for agreeing with seller on all details concerned to pick up and freight. Payment needs to be registered in Retrade’s system before the release of an item by a seller. The buyer is responsible for all freight costs. Products are to be picked up within 30 days after the auction ends unless otherwise is agreed with seller. After this date, the seller has the right to re-sell or discard the object without notice or compensation for the buyer.
The item is approved by the buyer at the time of pick up. Whenever the buyer sends a transporter/ third part to pick up the item, the item is considered as approved by the buyer when removed from the sellers location.
g) Sales Commission
The sales commission is included in the bid, and specified on the invoice.
h) Starting bid
Every auction has a defined starting bid. All bids placed needs to be higher than the starting bid. The seller decides the starting bid.
i) Start time/End time
All auctions has a start time and a end time. It is only possible to place bids within this time space. If a bid is placed during the last ten minutes of an auction, the auction is automatically extended with another ten minutes, from the time when the bid was placed. Bids placed within the last minute are also registered. The seller decides the start- and ending time.
j) Bid increment
All auctions have a defined bid increment. The size of every bid needs to be the last registered bid + bid increment. The seller decides the bid increment.
4. Retrade’s role
Retrade cannot be held responsible for the listing of and the products offered for sale or delivery from the seller. Retrade has no control over or responsibility for the quality, safety, or legality of items in any auctions. The seller, on the other hand, is obligated to deliver the product as described in the auction. Retrade is not party to any transactions, and only provides the technical means, and the marketplace, for transactions to be initiated or conducted.
Retrade reserves the right to withdraw listings, to close transactions early, or to extend them, where we have other compelling legal or technical reasons to do so (including technical difficulties experienced by Retrade, a seller, or on the Internet). Where reasonably practical, we shall provide reasonable advance notice to you of any such steps Retrade is to take.
Retrade reserves the right to suspend or terminate any member’s account which is, or appears to us to be in persistent or material breach of this agreement. Any person who holds a suspended or terminated account must not re-register for Retrade without our prior consent.
5. Retrade’s liability
To the extent that the law permits, you release Retrade, its agents and employees from all liability arising out of, or in connection with any Listing or, Transaction, including (without limitation) all claims and demands relating to listings, uncompleted or completed transactions, or items offered for sale or supply, or actually sold and supplied, through or in connection with any listing or transaction.
Retrade shall not be liable for any failure to perform its obligations under this agreement caused by matters beyond reasonable control.
We will not be liable to you or any third party for any indirect or consequential loss or damage, or for any loss of data, profit, revenue or business, howsoever caused (whether arising out of any negligence or breach of this agreement or otherwise).
You agree to indemnify Retrade against all liabilities, claims and expenses that may arise from any breach of this agreement by you or through your Retrade account.
6. Severability
In the event that any term of this agreement is held to be invalid or unenforceable by judicial decree of decision, the remainder of this agreement shall remain valid and enforceable.
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