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Terms of Trade.

In order for your experience with JAPEX Trading to go as smoothly as possible, we have set up the following guidelines and terms of trading. If there is anything you are unsure of or have any further questions, please contact us.

Terms of Trade List.

1. Before you bid.
2. Parts orders.
3. Payment.
4. Our fees.
5. Extra costs.
6. Your countries import & registration restrictions.
7. Glossary of terms.
8. Cancellation of vehicles bought directly from auction.

1.Before you bid.

To be eligible to bid, we require a deposit of 100,000 yen or 10% of the vehicle price (whichever amount is greater) to be deposited into our bank account. This deposit can be remitted by Bank Telegraphic Transfer or via PayPal to the bank account or PayPal account designated by the company. This deposit is fully refundable by written request from the buyer at any time. In the case of purchasing only one vehicle, this deposit can be subtracted from the total purchase cost of the vehicle.

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2.Parts orders.

Japex Trading will not act on a parts order until we have received payment in full. Due to Japan's strict return policies, cancellation of processed orders is not allowed. Please note that funds will not be refunded if you decide to cancel a processed order.

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3. Payment.

Payment in full is required within 14 days from issue of invoice or no later than completion of shipping. Please note that shipping documents will NOT be issued until full payment is received.

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4. Our fees.

The standard fee for motor vehicle dealers is 80,000 yen, plus 5% of vehicle cost. Eg. a 300,000 yen vehicle would have a fee of 95,000 yen (80,000 yen plus 15,000 yen).
The standard fee for private individuals is 90,000yen plus 5% of vehicle cost.
This fee will cover auction house fees, customs clearance and loading on a vessel. Included in our fee is the first 5000 yen of Japanese internal freight from the auction house of purchase to the nearest wharf.

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5. Extra costs.

There are two situations where extra costs will be calculated and removed from the bid price. i.e. you won't pay more than you bid. JAPEX Trading will subtract these expenses from your bid price.

1. Regional auctions. To get the bargains and variety, we list vehicles from many distant regional auctions. The first 5000 yen of Japanese transport costs from auction yards to the nearest port facility is covered within our fee. In the case of vehicles purchased at these regional auction houses, extra transport charges may incur. The amount exceeding 5000yen will be charged and invoiced together with vehicle costs.

2. Computer system fee. With over 35 auctions a week, ten of these auction houses use a computer automated system that charges a 20,000yen auction fee (double the usual 10,000 yen auction fee). When a bid is placed on one of these computer automated auctions, JAPEX Trading will subtract these additional auction fees from your bid price.


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6. Your countries import & registration restrictions.

We assume that the buyer knows the eligibility of vehicles that can be imported to the destination country. It is the sole responsibility of the buyer to research and remain in compliance with all regulations and restrictions connected with importing the vehicle into the country specified by the customer. JAPEX Trading will not be responsible for cars purchased if the buyer does not inform us before bidding of what restrictions imply to each vehicle. When bidding, please enter any relevant information into the notes section that may be relevant to the importation of that vehicle. (eg. Must be less than 3 years old, must have airbag etc.)

Customs, compliance, tax, duty, registration is entirely the buyers responsibility, so please make sure you are familiar with all the regulations governing car importing into your nation before you begin purchasing vehicles.



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7. Glossary of terms.

C&F (Cost and Freight)
This is term contains the following:
A. Price of the Vehicle
B. Japanese procedure costs (inland transportation, customs & shipping procedure, documentation etc.)
C. Ocean freight (this price is the same cost shipping companies quote Nikkyo to ship the goods)

CIF (Cost Insurance Freight)
The same as C&F but includes shipping insurance.

FOB (Free On Board)
This term only includes the following:
A. Price of the vehicle
B. Japanese procedure costs (inland transportation, customs & shipping procedure, documentation etc.) .

Please note: The customer is responsible for payment of the ocean freight from Japan to the destination port. The payment is made payable at the destination port. This largely depends on the shipping agent & destination ports. Please note that certain countries do not have an FOB system, and have to be sent C&F.

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8. Cancellation of vehicles bought directly from auction.

A cancellation fee of 100,000 Japanese Yen will be charged for each vehicle being cancelled.

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TEL : +81 75-931-9310
FAX : +81 75-931-9319

SKYPE ID: Nathan Orchard

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