AuctionsPlus are updating our User Agreement and Sale Terms.
The information outlined in this article is effective as of the 1st March, 2023.
AuctionsPlus are introducing new requirements, protections and tolerances on lots which are assessed as PTIC (Pregnancy Tested in Calf) or SIL (Scanned in Lamb).
To review the requirements from March 1, for any lot to be marketed as PTIC or SIL - please click here.
AuctionsPlus are introducing a new tolerance on pregnancy. This means that any females found not be pregnant within the defined tolerances below, are not considered a valid dispute. Should the numbers exceed the tolerance, a claim may be made.
AuctionsPlus Pregnancy Tolerances
- Sheep & Goats = 10%
- Cattle = 5%
However, we acknowledge that a Vendor (& Selling Agent) may not wish to operate under our standard terms - and therefore a Vendor/Selling Agent will have the option of applying 'Vendor Terms' to their assessment.
If Vendor Terms are applied:
- These will be clearly displayed on the assessment and must include information on:
- Any tolerances which apply. For example, a Vendor may wish to guarantee a line to be 100% pregnant or may be inclined to offer a lower pregnancy guarantee.
- Any testing requirements to meet their Terms. (Note: the Vendor must offer the buyer a minimum of 24 hours [from arrival] to have the lot tested) For example, a Vendor may, if indicating a line will be 100% pregnant, nominate that the buyer must have them pregnancy tested prior to departure of the truck to recognise the claim.
- The outcome should there be an issue. For example, this may be a price adjustment from the sale price by a nominated value.
- Any additional special conditions. For example, does pregnancy testing or scanning have to be performed by a certain party such as a vet. You could also place a travel limit on your terms e.g. if the stock are transported over 500km a claim would not be recognised.
- AuctionsPlus recommend when considering applying vendor terms to review all of the factors above, as well as the potential influence these terms may have on buyer confidence, competition and the sale of the lot.
- Buyers are expected to thoroughly read the assessment, understand the pregnancy terms and follow the process outlined on the assessment. Should there be any alterations to the contract of sale, this should be agreed in writing with the Selling Agent prior to auction.