Registration and Fees

• The purchaser, ("You") must be 18 years of age or older and hold a current and valid drivers licence in order to be eligible to register as a member and use the Nichibo Japan Trading autoSearch system.
• 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 your country.
• 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 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, TAX, compliance, on-road registration, Japanese documentation and agent charges.
• 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 your country 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.

Risk

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