A deposit of 500,000 yen must be transferred at least two days prior to the first day of the auction.
Refundable 2 days after Auction if no purchase.
Sogo Auction Members are not required to deposit.

MIZUHO BANK FUKAGAWA BRANCH A/C No.0119699 (SWIFT CODE: MHCBJPJT)

Auction result and Auction Invoice will be fax within 2 days.
Please transfer the funds to our designated bank account within one week.

Bidders can attend Sogo Auction, if Sogo Corporation has granted you permission to join, and make the necessary deposit before Auction.
Necessary deposit is not needed for the Sogo Auction members. In order to be a member, your company must meet requirements as follows.
*Your company has been dealt with Sogo Corporation before, and Sogo Corporation has granted permission to your company.
Domestic and overseas business operators and individuals who have submitted
"1. Deposit of 500,000 yen", "2. Application form", "3. Business card", 1 to 3 and approved by SOGO Corporation.

The principle of auction requires bidders to inspect what you bid at auction yards.
There shall be no guarantees or warranties, expressed or implied, statutory or otherwise of any nature in respect of the items offered at auction.
Each and every item will be sold "as is, where is". The auctioneers (Sogo Corporation) shall not be liable for machines' damages or deteriorations from passage of time/change of weather.

As before the auctioneer (Sogo Corporation) can take bids only by fax with bid sheets. All payments are to be made in Japanese Yen. The consumption tax (5%) is not included.

The bidder offering the highest bid accepted by the auctioneer shall be the purchaser of the offered item and no purchaser shall retract his bid. In case more than 2 bidders offer the highest bids, purchaser will be decided by lots.

Auction invoice will be sent to the purchasers. All payments must be made to auctioneers by telegraphic transfer directly to the auctioneer's bank account within a week. After auction, no cancellation can be acceptable in any purchasers. In the event purchasers fall to pay 100% amount within a week after the auction day, the purchasers shall be required to pay Sogo Corporation immediately 20% of purchase price as penalty by legal procedure.

After full payment has been made and confirmed, the purchase items can be removed or sent. All purchase items must be removed from the auction site within 3 weeks or a storage fee may be applied.

The terms shall be governed by and interpreted under the laws of, and action hereunder shall be commenced in Japan.

If at any time there may be dispute over bidding, the purchaser and the auctioneer will negotiate and settle.