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Rules
Applied To Auction |
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To meet the desire of Arab horse breeders and those interested in Race horses and Equestrian sports, we have the pleasure to announce that we will hold an auction for selling some of the offspring of Elzahraa Arab Horse Stud pure Arabian male and female foals, as shown in the enclosed list, on Tuesday 29/12/2009 at 09:00 A.M at El Zahraa Arab Horse stud premises. Address:
Ahmed Esmat Street., Off Gisr Tel: + (202) 22999280 – 22983733 Fax: + (202) 22983733 Email: info@elzahraa-stud.org.eg www.elzahraa-stud.org.eg Those who are interested are welcome to view and inspect the horses, to avoid any lack of knowledge prior to purchasing. The EAO will not be held responsible for claims by buyers resulting from this lack of knowledge and the buyer will not have the right to revert to EAO for any compensation by any means.
Horse viewing and
inspection is available daily from Conditions
for bidding in the Auction 1- Paying a deposit of 10000 L.E. or its equivalent in U.S. Dollars according to its current exchange rate. The deposit may be also paid by check for each auctioned horse separately. The deposit will be refunded in case the bidder was no selected. If selected however, the down payment will be deducted from the horse bid price. 2-Buyers must complete the temporal deposit to reach at least 50% of the price immediately after the end of the auction. 3-The buyer must top up the full price within four days from the day of the auction. The purchased horse will be delivered at Elzahraa premises, where the auction was held, on paying the balance of the price. 4-If the buyer does not take the sold horses after the payment of the price within the 4 days mentioned in item (3) he will bear all expenses of feeding, housing, etc…i.e. of 30 L.E. per day, and the EAO will not be responsible for any harm that may happen to the sold horses as a result of the buyers not taking them. Once the four days are over, the buyer does not have any right, towards the EAO for any means of compensation. 5-The EAO has the right to keep the down payment if the buyer does not pay the rest of the price within three days beginning from the date of the auction and the EAO will also be free to deal with the auctioned horses in accordance with the regulations in addition to an administrative fees of 10% of the price plus any other incurred expenses. 6-If the buyer does not receive the sold horses within ten days beginning from the day following the auction, the EAO will have the right to retain any paid money and will have the right to make the procedures to sell the horses on the buyer's own expense in addition to an administrative expenses of 10% according to tenders and auctions regulations and their executive bylaws. 7-In order to sustain internationally favorable prices for Egyptian Arab horses, if the buyer desires to export the purchased horses, the bidding price will not apply and a new price will be determined by a specialized committee. 8-Rule No. 89, 1998 for tenders and auctions and its executive bylaws issued by Ministry of Finance decree No.1367.1998 is applied to this auction and considered part of its conditions
9-
The courts of The National Legislative Council in
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