Classic Car Auctions THE JUNE LIVE ONLINE AUCTION 2020 27th June 2020

138 CCA 27 th June Classic Car Sale 2020 classiccarauctions.co.uk 7.1.4 Where the vehicle is not registered in the UK, the Seller shall be responsible for completing the NOVA application within 14 days of the arriving in the UK and before the Motor Vehicle is consigned for sale. 8. VEHICLE REGISTRATION NUMBERS 8.1 If the Seller wishes to sell the Motor Vehicle but to retain the right to the registration number of the Motor Vehicle it is the Seller’s Responsibility to notify CCA in writing. 8.2 It shall be the Seller’s responsibility to complete the retention documentation prior to sale and offer the Motor Vehicle with a new V5c and allocated registration from the DVLA prior to the Motor Vehicle being sold at the Auction whether or not CCA volunteers its services to effect that, and no liability shall attach to CCA in respect to any act or omission as a result. 9. BIDDING AND RESERVES 9.1 In order to bid in the auction, potential buyers must register for either a telephone or commission bid by completing the relevant forms and ID requirements or register via an online bidding portal. 9.2 CCA will not accept bids from any person who has not registered via the methods in clause 9.1. Buyers are directed to the requirements in place regarding registration before the registration process can be completed. 9.3 The Auction will be conducted in line with the online bidding portal and telephone and commission bidding rules in place at the time. 9.4 A Contract of Sale is made between the Seller and Buyer on the acceptance of a bid by the fall of the Auctioneers hammer. CCA is not a party to the Contract. The Buyer will be liable to pay the Purchase Price, which is the Hammer Price plus Buyers Premium and any applicable VAT to CCA. At the same time the Seller will be liable to pay to CCA the Seller’s Commission plus any applicable VAT on the Lot at the rate as set out in clause 10 below. 9.5 The Seller may place a Reserve on any Lot when he consigns it to the Auction, and once placed it may not be changed without the written consent of CCA. All Lots will be sold without Reserve unless a Reserve has been agreed by CCA in writing. 9.6 Where a Reserve has been agreed, only CCA at its absolute discretion may bid on behalf of the Seller. 9.7 If no Reserve has been placed on a Lot, CCA shall in no way be held liable should the Lot be purchased for a price below any lowest estimated selling price of the Lot given in any Catalogue. 9.8 CCA may sell a Lot below the Reserve agreed with the Seller, provided that CCA accounts to the Seller for the same Sale Proceeds as the Seller would have received had the Lot been sold at that Reserve. 10. COMMISSION AND EXPENSES 10.1 CCA shall be entitled to deduct from the Hammer Price and retain an amount equal to 4% plus VAT of the Hammer Price for Motor Vehicles and for automobilia and lifestyle goods or such other sum agreed by CCA in writing 15% plus VAT together with Expenses and any other sums due from the Seller to CCA. 10.1.1 The minimum amount that will be deducted from the Hammer Price for the sale of a Motor Vehicle is £350 plus VAT. 10.2 The Seller acknowledges CCA’s right to retain the Buyer’s Premium payable by the Buyer. 11. INSURANCE 11.1 Only on payment of the Purchase Price in cleared funds shall title in the Lot pass from the Seller to the Buyer. However, the risk in the Lot passes to the Buyer as soon as the Lot is sold to the Buyer. The Lot is sold when the highest bid is accepted via the online bidding platform. It is therefore the responsibility of the Seller to insure the Lot before the Lot is sold and the responsibility of the Buyer to insure the Lot after the Lot is sold. 11.2 CCA will not be responsible for any damage to or the loss or destruction of a Lot unless caused by the negligence of or other breach of duty by CCA, its employees or agents in the ordinary course of their duties to CCA and the Seller shall compensate CCA in full in respect of all other claims and proceedings brought against CCA in respect of any loss or damage to or destruction of the Lot. 11.3 CCA will not be liable for any injury, loss or damage caused by any Lot or by the Seller’s negligence, or that of the Seller’s employees or agents in the ordinary course of their duties to CCA. The Seller shall compensate CCA in full in respect of all claims and proceedings brought against CCA in respect of injury, loss or damage caused by any Lot or by the Seller’s negligence or breach of any obligation under the Terms. 12. PAYMENT OF SALE PROCEEDS 12.1 Subject to CCA’s right of retention under Clause 3.2 and other provisions of this Clause 12, CCA shall pay the Sale Proceeds to the Seller not later than 14 Working Days after the Auction provided that the Purchase Price has been received in full by CCA and the Lot has been delivered to CCA. Unless an alternative method of payment has been agreed by CCA in writing, payment shall be made by telegraphic transfer. In the event of an unsettled hire purchase, finance agreement or any other charge or lien affecting the Lot CCA reserves the right to settle the amount due of such charges not exceeding the Sale Proceeds and if the Sale Proceeds are less than the charges outstanding the Seller will be responsible for the settlement of the balance forthwith. 12.2 If the Purchase Price has not been received in full by CCA within the time specified in clause 12.1 CCA will pay the Sale Proceeds to the Seller within seven Working Days from when the Purchase Price is received in cleared funds from the Buyer. 12.3 In respect of road registered Motor Vehicles, CCA reserves the right not to remit the Sale Proceeds to the Seller unless the Seller has deposited with CCA the registration document of the Motor