FODEN TRACTION ENGINE - LIVESTREAM AUCTION from 7.00pm (AEST) 26th April 2023 GENERAL CONDITIONS - APPLIES TO ALL BIDDERS 1. This is a LIVESTREAM AUCTION for online, absentee and phone bidders (no floor bidding available) with the Auctioneers starting 7.00PM 26th April 2023 from our premises at 4 Market Drive, Bayswater. This Auction is for 1 x FODENS Ltd 1911 Traction Engine located at Sprent, Tasmania 7315. 2. Buyers must be registered to bid or purchase at this sale, and this can be done at www.burnsandcoauctions.com.au for online bidders and for phone and absentee bidders please use the attached absentee bidding form or call our office on (03) 8657 4292. 3. The purchaser is simply the highest bidder at the fall of the hammer subject to any reserve price being set. 4. Any dispute arising as to the highest bidder is to be determined by the Auctioneer who may re-offer the lot for sale. 5. The Auctioneer reserves the right to refuse any bid. Furthermore, the Auctioneer reserves the right to bid on behalf of clients, namely absentee and phone bidders. 6. The engine remains the property of the vendor until payment has been received in full and to the satisfaction of Burns & Co Auctions. 7. Whilst every care is taken, the Auctioneer / Agent does not accept responsibility for any incorrect description either in the catalogue or at the auction. Intending purchasers are encouraged to take advantage of the time given to view the catalogue prior to the auction concluding and to view all photos / videos. Furthermore, no compensation shall be paid in respect of any error or mis-description. Photos and / or videos form a major part of the description so please view all photos, videos and descriptions carefully. Any questions arising from the description / photos please call Ashley Burns on 0408 618 294 or email ashley@burnsandco.com.au 8. Please note the engine being sold is not insured. At the fall of the hammer the item becomes the responsibility of the purchaser, therefore please take out immediate insurance cover. 9. Please ensure you have viewed all the photos / videos as per the catalogue as they form part of the description. All photos / videos were taken by Ashley Burns on Wednesday 1st March 2023. 10. The engine is located on private property in Sprent, Tasmania 7315. The exact address of the engine will be provided to the successful purchaser in order to organise pickup which must be completed in daylight hours, at a suitable time for all parties and within 30 days of the date of sale. 11. Should any intending purchase have a desire to inspect the engine please call Ashley Burns on 0408 618 294 12. The auctioneer is merely the agent of the vendor in the respect of the sale of the engine. The auctioneer shall not be liable for any default of the purchaser or vendor. 13. CAVEAT EMPTOR (buyer beware) applies to this Auction. 14. All intending purchasers please be advised we are not offering the engine with any warranty, guarantee or certificate of survey etc. Purchasers please make your own investigations. The engine appears to be in good running order as per the videos / photos. Please read description carefully. 15. Should two online bidders be locked on the same bid the lot will go to the online bidder who registered their bid first. Should a phone, absentee or online bidder be locked on the same bid the bid will favour the online bidder. 16. The invoice is to be settled within 48 hours of the Auctions completion. The successful bidder will have the invoice emailed immediately after the completion of the sale. PLEASE CHECK YOUR JUNK EMAILS. 17. Online Bidders must accept FULL RESPONSIBILITY FOR THEIR ACTIONS. No discussions will be entered into in regards to accidently pressing the bid button. This is without exception. IF UNSURE DO NOT BID. YOUR ACTIONS ARE FINAL. 18. In the event that online bidders leave a computer, smartphone or tablet logged in to the online bidding platform; Burns and Co accept no responsibility for any bids placed, or in the event your computer is hacked by unauthorised personnel. 19. Absentee bids will only be accepted on the prescribed form (available on our website www.burnsandcoauctions.com.au) and will be accepted by the auctioneers up until 4.00pm Wednesday 26th April 2023. 20. We make no representation around the suitability or otherwise to export this engine out of Australia. Should you have the desire to export the engine please make sure you have made your own investigations with the relevant government authorities before deciding to register / bid at the auction. BUYERS PREMIUM As is the practice in all states of Australia, a buyer's premium of 12.5% applies to this sale. This means for each $100 an additional $12.50 will be incurred. This premium includes GST. PAYMENTS FOR ALL PURCHASES 1. The Burns & Co invoice is final with no disputes being entered into. 2. All Payments are in Australian Dollars and are to be made by CASH or EFT. 3. NO CHEQUES WILL BE ACCEPTED. 4. The swift code is NATAAU3303M, for any overseas payments please note Burns & Co will not be responsible for any fees incurred. 5. Banking Details: Bank: NAB Name: Burns & Co Auctions Consignment Trust Account BSB: 083-764 Acct No: 92 735 1842. Narration: Invoice Number COLLECTION and PICKUP 1. Collection will not occur until payment has been received in full and to the satisfaction of the auctioneers. 2. The actual address for collection will be provided to the purchaser once payment has been received. The engine is located in Sprent, Tasmania 7315 3. The purchaser has 30 days from the date of sale to have the engine removed at their expense. The engine will need to be removed within daylight hours and at a time that is suitable to all parties.