Terms and Conditions,

General terms
1. Buyers and Sellers who participate in the auction October 18th 2008 (below the Auction), conducted by Swedish Showjumping Horse Sales AB (SSHS), are obliged to follow these terms.
2. Seller refers to the owner of a horse that is consigned to be sold at the Auction.

Examination of the objects
3. All horses consigned to be sold at the Auction have been examined by a veterinarian and x-rayed for export and are sold as is. The statements from the veternarian regarding radiographs and examinations will be available for the Buyer before the Auction.
The Seller urges the Buyer to examine the horse consigned to be sold at the Auction, before the Auction begins. The Seller, or a representative appointed by the Seller, will answer questions regarding the horse prior to the Auction.

Estimates
4. The estimates are given in Swedish Kronor (SEK).
5. The Buyers will be be informed during the Auction, before each horse is sold, wether the Seller of that horse is a private person or a company. The hammer price is subject to VAT (25%) if the Seller is a company.

Withdrawal of Selling instructions
6. If the Seller withdraws the selling instructions, SSHS shall be reimbursed for costs of examination, valuation and handling the horses etc. at an amount equal to 12 (twelve) percent of the estimate, plus VAT. If the Seller withdraws selling instructions after SSHS’ auction catalogue has gone to press SSHS shall also be reimbursed at an amount equal to the Buyer’s premium. Selling instructions must be withdrawn in writing; the Seller may not withdraw selling instructions less than 10 (ten) days before the day of the auction without the consent of SSHS.

Bidding
7. The bidding begins at a level decided by the Seller.
8. Bids should be made by indicating with paddles or by some other clear sign, or in a clear voice, and should be raised by sums appropriate to the current bidding level. The auctioneer or caller may decide by how much a bid has to be raised to be considered as a new bid. When the hammer falls, the highest bidder will be deemed to have entered into a binding purchase agreement.

9. If bids are equal, the auctioneer or caller will decide which is successful. The auctioneer or caller may ignore any bids made and decide whether the bidding is to be resumed if there is any uncertainty as to the last bid made.

Payment
10. The horses are sold subject to a Buyer’s premium of 10% on the hammer price. VAT will be added to the Buyer’s premium. Payment of the Buyer’s premium, including VAT, must be made to SSHS within 10 (ten) business days from the day of the Auction. In case the payment has not been made within 10 (ten)business days SSHS may claim late interest at the appropriate discount rate plus 8% of the amount.

11. Payment of the hammer price shall be made directly to the Seller within 4 (four) business days from the day of the Auction, i.e October the 23rd 2009 at the latest, unless otherwise provided by a written agreement between the Seller and the Buyer. In case the payment has not been made within 4 (four) business days, the Seller may demand that the purchase be completed and claim late interest at the appropriate discount rate plus 8% of the amount.

Transfer of risk and Collection
12. The buyer may collect the horse bought at the Auction after the Auction is finished and the payment has been made. Awaiting collection,the horse may remain in the stables of SSHS at no expense for 4 (four) days from the day of the Auction. The risk transfers to the Buyer at the moment the horse leaves the stall during Collection, but no later than 96 hours after the Auction is finished.

Ownership
13. The ownership of a horse bought at the Auction transfers to the Buyer when full payment has been made to the Seller.

Miscellaneous
14. The Seller of a horse that has been consigned to be sold at the Auction is liable for any information he has given SSHS about the horse and is fully liable for possible faults and damages on the horse. The Buyer, on the other hand, accepts that any claims related to the purchase shall be made to the Seller and not to SSHS. Complaints about possible faults shall be made to the Seller no later than a week from the moment the Buyer discovered, or should have discovered, the fault.

Offers from SSHS business partners
15. Insurance for a consigned horse can be arranged for during the Auction through the insurance company Agria.

Disputes
16. Any dispute owing to the Auction shall be referred to a Swedish County Court and will be decided in accordace with Swedish law.