Terms & Conditions
1. Payment Terms:
- Auction deposit: An initial auction deposit of 100,000 JPY is required to open the bidding account, this deposit can either be adjusted in future purchases or may remain as a deposit for future buying.
- Cars priced upto 2,000,000 JPY shipping deposit of 50 % of the confirmed purchase price is required within 7 days of the successful auction purchase date.
- Cars priced from 2,000,000 JPY and above,auction deposit upfront of atleast 25% of the auction purchase priceis required, shipping deposit of 70% of the CNF price is required within the 7 days from the auction purchase date.
- Full Payment: Full payment of the remaining balance is due within 35 days of the vessel's departure date from Japan.
- Payment Verification: CarLink International reserves the right to withhold shipping documents until full payment has been received and verified through our bank. A telegraphic transfer (TT) scan alone may not be sufficient verification.
2. Order Cancellation and Non-Payment:
- Customer Orders: For customer orders resulting in a successful auction purchase, or for stock orders booked for shipment, the buyer has 35 days from the vessel's departure date from Japan to settle the full invoice amount. In the event of cancellation or non-payment within this timeframe, CarLink International reserves the right to resell the vehicle without any refund of the deposit.
- In an event of cancellation of the purchase order, the forfeit charges are 70,000 JPY or if the purchase order is of 2,000,000 JPY or above then 8% of the CNF value will be deducted as forfeit charges.
3. Surcharge:
- In the event of failure to pay the remaining balance with in 40 days, a surcharge of 3500 JPY/ day will be incurred to the sale price of the particular vehicle.
4. Force Majeure:
- CarLink International shall not be held liable for any damage to the vehicle caused by or natural disasters.