Settlement

When we have confirmed the return of the Account Statement and Carry-In or Carry-Out of the Equipment, we will make payment under the following condition.

  • In case that both "Entry Yard" and "Delivery Yard" are Consigner's Own Yard :

    The Settlement is made within two days after the Carry-Out of the purchased equipment.

  • In case that Entry Yard is Consigner's Own Yard and Delivery Yard is one of JEN's Designated Delivery Yards:

    The Settlement is made within one week after the confirmation of the Carry-In of the purchased equipment to JEN's Designated Delivery Yard.

  • In case that both "Entry Yard" and "Delivery Yard" are one of JEN's Designated Delivery Yards:

    The Settlement is made within one week after the Tansfer of theTitle of the purchased equipment.

When there is/are document(s) pertinent to the subject equipment, the payment to Consigner is made after such document(s) has/have reached JEN. Consigner is requested to send the Original Document(s) to JEN’s office within five working days after the auction close.