Favourable terms at Kopenhagen Fur's September auction 2016
30 August 2016Auction
Kopenhagen Fur is pleased to offer the following favourable terms at the September auction 2016.
The normal terms apply at the September auction 2016.
By due date
The due date (prompt day) for payment of the purchase price shall be the 21st day after the last day of the auction and all liabilities of the purchaser shall be fulfilled as of the close of business on due date.
Prompt day of the September auction 2016 is Thursday, 6 October 2016.
If Kopenhagen Fur has not received full payment by prompt day, a 25% deposit on outstanding goods must be paid by prompt day at the latest. With 25% deposit paid, interest will be charged according to our current interest-rates, at present 8.5% p.a.
After Prompt day, storage charge amounts to 0.05 DKK per day per
skin in Kopenhagen Fur's warehouse in Glostrup, Denmark, and 0.02
DKK per day per skin in Kopenhagen Fur's cold storages in
Skins moved before Prompt day (6 October 2016) to one of our bonded warehouses in China/Hong Kong are free of storage for 3 months.
Furthermore, we are pleased to present the following initiative.
We are interested in making more storage capacity available in our warehouse.
Therefore, under the condition that minimum 35% deposit is paid and the skins are transferred to our deep-freeze storage we offer you an interest-free period until 20 October 2016. After the interest-free period, the interest-rate is 3.5%. We reserve the right to change this interest-rate in accordance with the fluctuations in the market.
When you take delivery of these skins you will be charged with 10.00 DKK per skin.
If you offer the skins for resale, no resale fee will be charged for skins sold. If unsold, a resale fee of 3.50 DKK per skin will be charged.
We look forward to seeing you at our September auction.