Registration and Fees

• The purchaser, ("You") must be 18 years of age or older and hold a current and valid United Kingdom drivers licence in order to be eligible to register as a member and use the Nichibo Japan Trading autoSearch system.
• Registration can only be made and transactions are only valid if a vehicle is to be delivered to a United Kingdom address.
• Before you are able to place a bid or an offer on a vehicle through the Nichibo Japan Trading Database, You must pay to Nichibo Japan Trading a deposit of ¥100,000. You're deposit is deducted from the F.O.B.
• You will receive notification that your deposit has been received by Nichibo Japan Trading by email or fax.
• In the event that You do not purchase a vehicle via autoSearch within 60 days of Nichibo Japan Trading receiving your deposit, the deposit will be refunded to you.

Agents Fee

• Nichibo will charge and agents fee of ¥100,000 per unit for vehicles purchased under ¥2,000,000.
• The agents fee for vehicles over ¥2,000,000 is 5% of the purchase price.

Login Name and Password

• You must ensure that your User Name and Password are kept strictly confidential.
• Nichibo Japan Trading will accept no responsibility for the purchase of any vehicle that results from You allowing a third party to use Your User Name and Password.
• Any purchase that is made using Your User Name and Password will form a binding contract between You and Nichibo Japan Trading.

Payments

• When You have received notification that you have successfully purchased a vehicle through Nichibo Japan Trading, the full F.O.B amount shall be paid in cleared funds to Nichibo Japan Trading within 7 days from the Acceptance Date.
• All payments must be made my Telegraphic Transfer (T.T).
• You will be notified by email when payments are due.

Shipping

• Upon receipt of your full payment Nichibo will arrange the shipment of your purchase.

Non-payment

• If full payment is not made within 7 days from the, Nichibo Japan Trading will refuse to export the vehicle from Japan to U.K.
• Nichibo Japan Trading will re-auction the vehicle in Japan and use the deposit paid towards the costs of re-auction.
• Any money remaining from the sale of the vehicle shall be refunded to You.
• In the event that the deposit does not cover the costs of re-auction, then Nichibo Japan Trading may take legal action against you to recover outstanding costs resulting from non-payment.

Title

• You shall acquire possession of the vehicle on the express condition that title to the vehicle shall be retained by Nichibo Japan Trading and shall not pass to you until the deposit, the Balance and any additional costs you have accepted, have been paid in full.

Your Bid

• The bid you submit through the Nichibo Japan Trading autoSearch system will be the price in Japanese Yen ¥ currency you are offering to pay for the chosen vehicle.
• Your bid EXCLUDES all shipping, customs, import, VAT, compliance, on-road registration, Japanese documentation and agent charges. However we do provide a simple estimated landed cost calulator to give you an estimate of what the shipping charges and VAT would be on the vehicle if you are successful in purchasing it from the auction house in Japan.
• If your bid is accepted, then a contract binding you and Nichibo Japan Trading is formed in accordance with the Terms and Conditions.

Acceptance of your bid

• To avoid any doubt, acceptance of your bid by Nichibo Japan Trading is conditional upon:
• The vehicle being mechanically and structurally sound or otherwise of "acceptable quality".
• The vehicle passing an odometer check and obtaining independent odometer certification (an Odometer Certificate) from Japan - www.jevic.co.jp
• Nichibo Japan Trading and/or any authorised agent successfully obtaining the vehicle chosen by You from its Japanese suppliers;
• The appropriate de-registration documents required for exporting the vehicle from Japan to United Kingdom being available;
• If, after appropriate inspection, Nichibo Japan Trading does not believe that the vehicle satisfies any one or more of the conditions set out above, then your bid will not be accepted and you will be notified of such non-acceptance.

Vehicle Compliance

• Once the vehicle arrives in United Kingdom, Nichibo Japan Trading will transport the vehicle to a vehicle compliance centre closest to the port at which the vehicle arrives.
• Nichibo Japan Trading will ensure that the vehicle is issued with a Vehicle Identification Number (VIN) and otherwise complies with all legal requirements for being driven on United Kingdom roads.

Additional Compliance Costs

• In addition to the FOB each vehicle is subject to SVA and may also require a model report. Please refer to the Model Report list here >> or contact your preferred service provider for more information.
  
• Your bid does not include any costs incurred in converting left-hand drive vehicles, trucks, commercial vehicles or vehicles used solely for competition purposes, to United Kingdom compliance standards.
• If such conversion or any other costs are required, You will be notified and a counter-Offer Price will be offered to You by Nichibo Japan Trading in order to make the vehicle compliant.
• You are entitled to accept or reject any counter-offer.
• Your bid does not include any SVA costs incurred.

Delivery

• Upon receipt of your Deposit, the Balance, any additional costs accepted by You and once the vehicle has completed all compliance procedures, Nichibo Japan Trading will deliver the vehicle to You at a location specified by You ("the Location").
• The Location must be within a 30 mile radius from the vehicle compliance centre at which the vehicle is issued with a Warrant of Fitness.
• If the Location is outside a 30 mile radius from the vehicle compliance centre, then Nichibo Japan Trading may charge a delivery fee in addition to the Fee, Deposit and the Balance payments.
• Nichibo Japan Trading will advise You of any additional charges before accepting the Offer Price as a counter-Offer Price and you may accept or reject the counter-Offer Price.

Risk

• The vehicle shall be and remain in all respects at Your risk as from the time You receive delivery of the vehicle.

Odometers

• Nichibo will in instruct JEVIC to conduct an independent odometer inspection to determine your purchases authenticity.
• It is Nichibo’s policy not to supply or export vehicles that fail the odometer inspection.

Disputes

• Particular Position: If a dispute or complaint arises as to the application to the contract of any of the provisions of:

Repairs and Faults

• If You consider that Nichibo Japan Trading has not adequately or at all made good or repaired vehicle defects which it is obliged to make good or repair, You should first call upon Nichibo Japan Trading to remedy the defects and give it reasonable time to do so.
• If Nichibo Japan Trading does not then adequately comply with its obligations, or if it is not practicable when the defect is apparent to call upon Nichibo Japan Trading to remedy the defects, You may have the defects repaired or made good and recover the reasonable cost from Nichibo Japan Trading - Provided always:
  (a) that You give to Nichibo Japan Trading copies of such worksheets, or other evidence, as it may reasonably require; and
  (b) that before undertaking such remedial work You gave Nichibo Japan Trading written notice of Your intention to do so, and give it a reasonable opportunity to inspect the vehicle before work commences.
• If Nichibo Japan Trading fails or refuses either to remedy the defects, or if You having fulfilled all necessary requirements on your part, Nichibo Japan Trading refuses to pay Your reasonable costs, you may make application to the Motor Vehicle disputes tribunal in the United Kingdom.