The Shuttleworth Spring Motorcycle Sale 2024 Motorcycles 106 6. PAYMENT 6.1 Once a lot is sold, the Purchase Price shall become immediately payable to IA. 6.2 Full payment for all Lots must be made to IA by 5:00pm the next Working Day. Payment should be made by bank transfer and can only be accepted in GBP. Payment by card can only be made in person up to £20,000 by debit card and £5,000 by credit card. We do not accept AMEX or cash. 6.3 No Lot may be collected until the Purchase Price has been received by IA and payments by a Buyer to IA may be applied by IA towards any such sums due from that Buyer to IA on any account whatsoever notwithstanding any directions to the contrary by the Buyer or his agent whether express or implied. 6.4 Title to the Lot will pass to the Buyer only when the Purchase Price in cleared funds has been received by IA. 6.5 Immediately a Lot is sold the risk shall pass to the Buyer notwithstanding that possession will not be given and title will not pass to the Buyer before payment of the Purchase Price. 6.6 The Buyer shall, at his/her own expense, remove the Lot purchased but not before payment in full to IA of the Purchase Price whether in respect of this or any other Lot. The Buyer must collect the vehicle or arrange for its delivery in accordance with the terms in the Key Sale Information in the Auction Catalogue. 6.7 It is the Buyers responsibility to comply with all export and import regulations relating to the Lot and to settle any applicable taxes and duties. 7. INSURANCE 7.1 Only on payment of the Purchase Price in cleared funds shall title in the Lot pass from the Seller to the Buyer. However, the risk in the Lot passes to the Buyer as soon as the Lot is sold to the Buyer. The Lot is sold when the highest bid is accepted by the Auctioneer. It is therefore the responsibility of the Buyer to insure the Lot from the fall of the hammer. 8. RESPONSIBILITY FOR PURCHASED LOTS 8.1 The Buyer will be responsible for loss or damage to a Lot they have purchased from when the Lot is sold to them. Neither IA nor its employees or agents shall be responsible for any loss or damage unless caused by the negligence of IA, its employees or agents in the ordinary course of their duties to IA if and in so far as the Lot is in IA’s custody or under its control. 8.2 The Buyer shall be responsible for all removals, insurance, storage and other charges on any Lot from the point at which the Lot is sold in accordance with the Key Sale Information in the Auction Catalogue. 8.3 Where applicable, IA will retain the V5C and notify the DVLA of the change of keeper as soon as possible following full payment of the Lot in accordance with Clause 6.