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Europe and America Line-Shenzhen City XingYi International freight forwarding Co., Ltd.

Date: 2016-09-03
Views: 159

Sealed bid auction

The Europe-Europe special line is also called bidding auction, where the buyer submits the sealed quotation (also called the bid) to the auctioneer at the specified time, and the auctioneer chooses the buyer. Compared with the above two methods, this auction method has the following two characteristics: First, in addition to price conditions, there may be other transaction conditions that need to be considered; second, either open bidding or non-public bidding can be adopted. This method can be used when auctioning large-scale facilities or a large number of inventory materials or government confiscated materials.

(3) General procedures for auction

The auction usually goes through three stages: preparation stage, formal auction, payment and delivery.

1. Preparation stage

Europe and the United States Dedicated Line The cargo owner and the auction house reached an auction agreement, stipulating the variety and quantity of goods, delivery method and time, limited price and commission and other matters. The consignor transports the goods to the auction site and deposits them in the warehouse designated by the auctioneer. The auctioneer publishes the catalogue of lots and publishes auction notices. Before the official auction, the buyer can go to the warehouse where the auction goods are stored to check the goods.

2. Official Auction

At the specified time and place, auction them in batches in the order specified in the catalogue. Legally speaking, the auction process also includes two parts: offer and acceptance. In an auction with an increased price, the buyer ’s bid is equivalent to an offer, and the auctioneer ’s failure is equivalent to acceptance. Before falling, the buyer has the right to cancel the bid, and the seller has the right to withdraw the auctioned goods. In the auction at a reduced price, the auctioneer ’s price is equivalent to an offer, and once the buyer accepts it, it is a commitment.


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