„Süddeutsche Pferdezuchtverbände-Vermarktungs GmbH“ is the organizer of the auction and sells the foals described in the auction catalogue on behalf of the owner/exhibitor as a commission agent.
The foals will be offered for sale in Euro. Bidding will begin at Euro 4000. The highest bidder wins. Only bids of at least Euro 50 will be accepted. In case any doubts should arise as to the validity of the knockdown, the offer for sale can be taken up again. Objections should be claimed at once, latest until the last foal of the auction was sold. The organizer’s agent, the auction management and the auctioneer will decide on the validity of the knockdown.
The account will be rendered as follows:
Knockdown price + sales tax
+ 6 % commission + official VAT
+ 1,75 % insurance premium plus insurance VAT (19%) of the gross price.
Sales tax for farmers is 10,7 %, for commercial horse breeders 19 %, for private persons 0 %. The rates are published for each foal. For customers purchasing more than one foal, the commission fee will be reduced to 3 % for all purchased foals. Payment has to be effected in cash, by check or by invoice to the organizer in the auction office.
Each foal in insured to the amount of the gross price, covering the risks of death, euthanasia and permanent disability incl. damages as result of an injury caused by ataxia and injuries to the tendons. The payment is made at 80% minus any possible sales proceeds to the buyer. The insurance coverage starts at the time of knockdown and ends when the foal is handed over to the buyer (unloading of the foal at the buyers stable), latest at the end of the running year.
Taking delivery of the foal has to have happened latest at the time the foal turns six months, at the place of the exhibitor. The risk passes to the buyer six months after the date of birth of the foal.
In agreement with the vendor, the buyer may take delivery of the foal at an earlier date. Until the time of the obligatory delivery of the foal has passed, the exhibitor bears the risk and the costs for keeping the foal, including expenses for veterinarians and farriers. With the ending of the sixth month, consequences of taking delivery of the foal late are that the buyer will have to bear the cost of keeping the foal and all other expenses. From a knock down price of EURO 8.500 or above, the seller has to deliver the foal to the new owner or a dedicated rearing stable.
Should the buyer reject to take delivery of the foal because of claims of defect, the head of the equine veterinary department of the Universität Leipzig or a representative appointed by him has to be contacted regarding any issues of the state of health of the foal. His decision is binding for both parties.
The costs of the veterinarians have to be borne by the buyer should the claim of defect not be justified, otherwise by the vendor.
A foal handed over to buyers by the vendor before the knock-down price has been settled fully is at the risk of the vendor.
For foals where the seller is classified as an entrepreneur, i.e. the foals that are marked with a sales tax rate of 10.7 or 16%, applies in the event that the buyer is a consumer and the sale is made exclusively by means of distance communication, a right of withdrawal within 14 days without giving any reason. The deadline is 14 days from the day of taking delivery of the foal by the buyer or a third party appointed by the buyer, who is not the deliverer. To take up the right of revocation the buyer has to notify the organiser about his decision to revoke the contract via an unequivocal explanation (e.g.: a letter send by post, telefax or e-mail). To keep the deadline, it is enough if the notification on wanting to take up the right of revocation has been send before the deadline ends. Should the buyer revoke the contract, the vendor has to pay back all payments that have been done by the buyer immediately, but at the latest 14 days from the date the notification about the revocation of the contract has been received. The buyer has to hand over the foal or send the foal back immediately or at the latest 14 days from the date the buyer has notified the seller about the revocation of the contract.
The revocation has to be explained to the Süddeutsche Pferdezuchtverbände Vermarktungs GmbH, Gewerbepark Wiedersbach 10-12, 91578 Leutershausen.
Tel.: +49 (0) 9823 / 9242588
Fax: +49 (0) 9823 / 9242589
Should certain regulations or parts of the regulations mentioned in this contract become inoperative, the other arrangements of this contract will not be effected. In fact of not being operative, the inoperative regulation should be exchanged against one which comes very close to the contract’s purpose.
These general terms and conditions are available in German and English. In case of any objection the German version is exclusively valid; for the interpretation of the English version the interpretation of the German version shall be the authoritative version.
Süddeutsche Pferdezuchtverbände Vermarktungs GmbH, Stand: Juli 2020