Www.salvagemanagers.com Er. Piyush Singhal – Surveyor, Loss Assessor, Valuer, Salvor.

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Presentation transcript:

Er. Piyush Singhal – Surveyor, Loss Assessor, Valuer, Salvor

3 Modes of Auction Open Auction Closed Auction Tender Auction

Mandate Mode 1.Make Registered Buyer and Seller 2.Sign Agreements with seller and buyer and make legal transactions only 3.Setup Auction as per requirements of seller, take photos and documents, fix reserve price, know restrictions and detailed T & C if any 4.Gather buyers 5.Arrange bidding 6.Transact business with successful bidder As per GIC standard Fee - 5% of sale proceeds Suitable for Large Salvages

Non Mandate Mode 1.Make Registered Buyer and Seller 2.Sign Agreements with seller and buyer and make legal transactions only 3.Allow seller to setup and upload whatever legal information is suited along with photos etc 4.Allow buyers to visit and bid 5.Let know the seller of successful bidders and allow him to transact business directly. USD 50 / INR 1500 for listing of one month Suitable for Small Salvages

Central Helpline No Adwiti Technocrats Private Limited D 148 Sector 27 NOIDA UP Thank you Patrons m