First Time Online Bidders (Registration Procedure and Terms and Conditions for Bid)

Welcome to JEN Auction.

Those who plan to bid in JEN Auction for the first time are requested to refer to Participation

Procedure and Terms and Conditions for Bidding in JEN Auction.

Membership Registration and Participation Procedure are as follows:

1 Registration

Registration as Bidder and payment of Security Deposit are necessary prior to participating in JEN Auction. Please agree to “Terms and Conditions for Bidding in JEN Auction” and go to Membership Registration Page. (The Bank Account to which the Security Deposit should be sent is the same account as shown below in the 3. “From Successful Bidding to Payment.” After we have confirmed the receipt of the Security Deposit, we will send the applicant “ID and Password” by E-mail. At the point you have received the ID and Password, you can participate in JEN Auction.


2 How to Bid

Please bid according to “How to Bid in JEN Auction”


3From Successful Bidding to Payment
(Terms and Conditions for Bid 6. Contract, 7. Terms of Payment)

  • After the Auction Close JEN will send an E-mail to the Successful Bidder and send the Invoice by Fax and at this point the sales contract is concluded.
  • Successful Bidder is required to make the complete payment including the equipment price, Contract Fee, Releasing charge, etc. within one week. (The Successful Bidder must cover the Bank Transfer Charges.)

Bank Account

MUFG BANK, LTD. OMORI-EKIMAE BRANCH
Bank Address: 2-3-10, Sanno Otaku, Tokyo, 143-0023, Japan
Account Number:0033723   Account Name: JEN CORP.   Swift Code: BOTKJPJT


JEN designates the above Bank Account as the Only Bank Account for auction deals. We will NEVER ask Bidders to send money to any other Bank Account. If you are asked to make payment to any other Bank Account, please contact JEN immediately by telephone.
JEN CORP. 03-5763-8186


4Carry-Out of Equipment (Terms and Conditions for Bid 10. Carry-Out from the Delivery Yard)

If the Delivery Yard is one of JEN’s Designated Delivery Yards, the purchased item will be carried into the Designated Delivery Yard within one week after the Auction Close. The Successful Bidder is required to carry out the subject item within three weeks (including the above Carry-In Period) after the Auction Close. Please be sure to give JEN an advance notice of the Carry-Out. When the Carry-Out is delayed, Storage Fee of JPY200 – JPY800 per day / per item is chargeable on the Successful Bidder.


When the Delivery Yard is indicated as “Other”, please be sure to ask JEN to handle Carry-Out arrangement for you. When there is no advance notice from the Successful Bidder and no permission from the yard concerned, Carry-Out is not possible. When the Carry-Out is delayed, Storage Fee of JPY200-JPY800 per day / per item is chargeable on the Successful Bidder


Terms and Conditions for Bidding in JEN Auction

  1. (a) JEN Auction is available only to JEN’s network members. Registration is required prior to participation as Bidder in JEN Auction. JEN’s Auction Member shall be registered simultaneously as an Auction Member of NORI Enterprise Co., Ltd.(“NORI”), JEN’s affiliated company.
  2. (b)Applicant is required to send Security Deposit(*) to JEN and needs the introduction from other auction companies operated by manufacturers and/or traders. (Please consult with JEN if the Applicant has no experience as auction bidder.) (*)Security Deposit
    1. -Amount of the Security Deposit: Needs to be 10% or over of the planned purchase amount (minimum JPY500,000)
    2. -There shall be no interest yielded for the Security Deposit.
    3. -The Security Deposit shall guarantee the debt the Member may owe JEN Auction (including NORI Auction) through participating in our Auctions.
    4. -The remaining amount of the Security Deposit shall be returned to the Member after it is applied to the outstanding amount the Auction Member owes JEN (including NORI), when the membership is canceled.
    5. -If the outstanding debt balance of the withdrawing member is larger than the amount of the Security Deposit, the member is solely responsible for clearing up the debt within seven working days.
    6. -JEN will be exempted from returning the Security Deposit, when no application for return has been made within three years from the date of Membership Cancellation.
  3. (c)JEN Auction members residing in Japan need to be Licensed Used Articles Dealers and are required to indicate to JEN their respective Registration Information (Used Articles Dealer Number, Location of Registration and Name).
  1. (a)The following people or group of people cannot participate in JEN Auction.
    1. -Gangster organization, gangsters, quasi-gangsters, gangster-related enterprises
    2. -Fixers of stockholders' meetings, racketeers in disguise with propaganda or social welfare activities, swindler groups (such as in remittance fraud cases)
    3. -Others corresponding to the items enumerated above
  2. (b)Executing acts indicated below by Auction Member himself/herself or with the help of the Third Party is prohibited.
    1. -Violent demanding acts
    2. -Unreasonable demanding acts
    3. -Threatening words and deeds or acts of violence regarding the deal
    4. -Frauds, acts of damaging JEN’s reputation by influence or acts of disturbing JEN’s businesses
    5. -Others corresponding to the items enumerated above
  1. (a)Every item is sold "AS IS/WHERE IS."
  2. (b)The Condition Report merely shows the results of the assessment of the equipment made according to our standard rules. Please note that the contents of the report do not guarantee the condition including the hours of operation. If you have any questions, be sure to ask us prior to Bidding.
  3. (C)Equipment photos have been prepared to show the conditions of the equipment as clearly as possible. However, they cannot necessarily cover everything, needless to say oversights of malfunctioning places. If you are concerned about any specific part of equipment, please be sure to contact us before bidding.

Once a Bidder has successfully bid on an item in the Auction, the Bidder cannot call off his/her purchase. Withdrawing the successful bidding is handled as CANCELLATION of contract. (See 8-(b))

  1. (a)JEN has the right to notify any Auction Member ineffectiveness of his/her bidding and to cancel any contract at any time, when problems including but not limited to the following take place: eg.
    1. -Delayed or unreceived bidding due to communication conditions on either side of Bidder and JEN
    2. -Discovering erroneous data of the entry equipment
    3. -Inability of the equipment delivery due to the inability of the ownership transfer of the purchased item
  2. (b)Treatment of Complaints

    JEN will discuss, with the Consigner when necessary, the inappropriateness of the Condition Report or defects found on the purchased equipment after the Auction, however, Bidder is requested to agree to JEN’s final decision.

JEN notifies Bidder, after the Auction close, of his/her Successful Bid by E-mail and sends the Invoice by Fax. At this point the sales contract is concluded.

  1. (a)Within One Week after the Auction

    The Successful Bidder shall complete the payment including the equipment price, Contract Fee, Carryout Charge, etc. within one week from the date that he/she received the notice of the successful bid by e-mail.

  2. (b)Cash by TT(Telegraphic Transer)

    Only Cash by TT(Telegraphic Transer) is acceptable for the payment. L/C shall not be accepted. Bank transfer charges must be covered by the Successful Bidder.

  3. (c)Consumption Tax

    Consumption Tax is chargeable on prices and fees of all goods and services for Successful Bidders residing in Japan.

  1. (a)Annual Interest Rate of 7.6%

    If the payment of the price is not made by the deadline, the Successful Bidder will be required to pay the Late Fee that would be calculated as an annual interest of 7.6% of the purchased product's price corresponding to the number of the delayed days.

  2. (b)Cancellation

    When the Successful Bidder intends to cancel the purchase, he/she shall pay as follows despite whatever reason:

    *Within One Hour from the Auction Close
    Penalty fee 10 % of the bid price (minimum JPY100,000)
    *Money collected as Penalty will be transferred to the machine owner.
    *After One Hour or Later from the Auction Close
    The higher amount between JPY500,000 minimum deposit and 10% of the bid price of the subject equipment in addition to the Late Fee described in (a) above.

Other Fees and Charges

  1. (a)Contract Fee
    Contract Fee of JPY10,000 / item is chargeable on every purchased equipment.
  2. (b)Carryout Charge
    Every item is chargeable with Carryout Charge, when the Delivery Yard is OTHER than “NORI Yard.” The Carryout Charge is indicated at the “Feature” on the Entry Items List. (Note:When the purchased item is directly exported from the Delivery Yard at the port, Carryout Charge is not required.)
  3. (c)Handling Charge
    When some works are necessary to release a purchased item out of the Delivery Yard, Handling Charge is charged on the Successful Bidder. The Handling Charge is indicated at the “Feature” on the Entry Items List.
  4. (d)Storage Fee
    Storage is free basically for the period of three weeks after the Auction, and when the Carry-Out of the item is done after that despite whatever reason, Storage Fee of JPY200—JPY800 is required daily per item (except for special and large-sized equipment with other specific amount of charge).
  5. (e)Inland Trucking Charge
    When the purchased item is transported from the Delivery Yard to Forwarder’s Yard for exportation, the Successful Bidder must pay the cost of such Inland Trucking.
  6. (f)Repair Work
    JEN handles repair works for the purchased items as follows:Repair Work in place of the Successful Bidder (at JEN’s Designated Repair Facility): JPY6,000 / per hour per one mechanic + other actual expenses
  1. (a)Delivery Yard
    1. Carry-Out from one of JEN’s Designated Delivery Yards
      The purchased item is carried into the Designated Delivery Yard within one week after the Auction. The Successful Bidder is required to carry out the subject item within three weeks after the Auction. When Carry-Out is delayed over the three weeks, Storage Fee is chargeable on the Successful Bidder. (See (9)-d)
    2. Carry-Out from yards indicated as “Other”
      The Successful Bidder is required to contact JEN for handling Carry-Out of the purchased item. (Note: The Successful Bidder cannot directly carry out the item.) The Successful Bidder is required to carry out the subject item within three weeks after the Auction. When Carry-Out is delayed over the three weeks, Storage Fee is chargeable on the Successful Bidder. (See (9)-d)
  2. (b)Carry-Out Notice
    The Successful Bidder is required to give JEN an advance notice, by the previous day, of the Carry-Out date and time and transport company name of the purchased item. When there is NO such advance notice or permission, the purchased equipment CANNOT be carried out.
  3. (c)The Successful Bidder shall be responsible for all the accidents and/or troubles taking place at the time of and after the Carry-Out. JEN shall be exempted from such responsibility.

  4. (d)Delayed Carry-Out
    1. -Storage Fee (See (9)-d)
    2. -The successful bidder shall be responsible for all damages or losses (e.g. oil leakage, sticking, rust, damage to electric system) incurred after the Auction, caused by any reasons including lapse of time, weather, etc.