1. General Auction Rules
The auction is a public sale conducted through the Yemen Mzad app, where the vehicle is offered for sale to interested buyers, and the auction is awarded to the highest bidder within the specified time period.
Yemen Mzad has the right to extend the auction time if any bid is submitted during the last 5 minutes of the auction, in which case the auction will be automatically extended by 5 minutes to allow others to bid.
2. Vehicle condition and liability
Participation in the auction constitutes a public and explicit acknowledgment of the bidder's acceptance to purchase the vehicle in the condition declared by the seller. Yemen Mzad is not liable for any defects or damages that were not disclosed by the seller or brought to the attention of Yemen Mzad.
The bidder has the right to request to inspect the vehicle at its location before bidding.
The bidder may conduct the inspection himself, bring a qualified technician of his choice, or commission any approved inspection center or workshop to send an inspector to the vehicle's location to conduct the inspection.
In the event of an inspection, this shall be considered an explicit acknowledgment of acceptance of the condition of the vehicle.
If no inspection is requested, this shall be considered an explicit acknowledgment of acceptance of the vehicle as is, with all its defects or shortcomings.
Yemen Mzad is not responsible for the accuracy of any inspection provided, if any.
3. Seller's Approval
The bidder is aware that the auction does not necessarily mean transfer of ownership, as the owner (seller) must agree on the price.
If the seller does not agree, the sale will not be concluded.
The bidder will be notified of the seller's final decision within (2) working days of the auction closing date.
4. Transfer of ownership and delivery
The transfer of ownership is on the buyer.
The buyer doesn't bear any transfer fees for the vehicle.
The vehicle will be handed over to the buyer within 3 working days after the seller's approval.
Any additional requirements, expenses, or procedures that may be imposed by the relevant official authorities to ensure the validity of the transfer of ownership are the sole responsibility of the buyer.
After completing and officially documenting the above procedures, the vehicle will be delivered to the buyer at the location specified by Yemen Mzad.
In the event of a delay in the transfer of ownership by the seller, Yemen Mzad is obligated to refund the amount paid to the buyer after deducting the applicable service fees.
5. Participation Requirements
All registration data and subsequent requirements must be fulfilled.
The deposit amount (at least 2% of the current bid value) must be covered.
The deposit amount can be refunded at any time unless it is the highest bid amount.
6. Disclaimer
The bidder acknowledges that Yemen Mzad is not responsible for vehicles after sale, including but not limited to:
Vehicle defects.
Responsibility for transfer of ownership.
The bidder shall have no recourse against the company after sale.
The auction is a public sale conducted through the Yemen Mzad app, where the vehicle is offered for sale to interested buyers, and the auction is awarded to the highest bidder within the specified time period.
Yemen Mzad has the right to extend the auction time if any bid is submitted during the last 5 minutes of the auction, in which case the auction will be automatically extended by 5 minutes to allow others to bid.
2. Vehicle condition and liability
Participation in the auction constitutes a public and explicit acknowledgment of the bidder's acceptance to purchase the vehicle in the condition declared by the seller. Yemen Mzad is not liable for any defects or damages that were not disclosed by the seller or brought to the attention of Yemen Mzad.
The bidder has the right to request to inspect the vehicle at its location before bidding.
The bidder may conduct the inspection himself, bring a qualified technician of his choice, or commission any approved inspection center or workshop to send an inspector to the vehicle's location to conduct the inspection.
In the event of an inspection, this shall be considered an explicit acknowledgment of acceptance of the condition of the vehicle.
If no inspection is requested, this shall be considered an explicit acknowledgment of acceptance of the vehicle as is, with all its defects or shortcomings.
Yemen Mzad is not responsible for the accuracy of any inspection provided, if any.
3. Seller's Approval
The bidder is aware that the auction does not necessarily mean transfer of ownership, as the owner (seller) must agree on the price.
If the seller does not agree, the sale will not be concluded.
The bidder will be notified of the seller's final decision within (2) working days of the auction closing date.
4. Transfer of ownership and delivery
The transfer of ownership is on the buyer.
The buyer doesn't bear any transfer fees for the vehicle.
The vehicle will be handed over to the buyer within 3 working days after the seller's approval.
Any additional requirements, expenses, or procedures that may be imposed by the relevant official authorities to ensure the validity of the transfer of ownership are the sole responsibility of the buyer.
After completing and officially documenting the above procedures, the vehicle will be delivered to the buyer at the location specified by Yemen Mzad.
In the event of a delay in the transfer of ownership by the seller, Yemen Mzad is obligated to refund the amount paid to the buyer after deducting the applicable service fees.
5. Participation Requirements
All registration data and subsequent requirements must be fulfilled.
The deposit amount (at least 2% of the current bid value) must be covered.
The deposit amount can be refunded at any time unless it is the highest bid amount.
6. Disclaimer
The bidder acknowledges that Yemen Mzad is not responsible for vehicles after sale, including but not limited to:
Vehicle defects.
Responsibility for transfer of ownership.
The bidder shall have no recourse against the company after sale.