TERMS AND CONDITIONS

These terms and conditions outline the rules and regulations for the use of www.fastrbid.com Website.
By accessing this website we assume you accept these terms and conditions. Do not continue to use this website if you do not agree to take all of the terms and conditions stated on this page.
Fastrbid is an e-commerce service provider mandated by the seller/buyer to facilitate virtual auctions by the seller/buyer. The website is an online auction platform, a virtual marketplace/venue for sellers/buyers to conduct sale/purchase of assets, and for bidders to make/place bids/offers on such assets. Fastrbid is considered as third party not particularly interested in the listing/s being sold/bought on behalf of the seller/buyer.
GENERAL TERMS AND CONDITIONS
Participation and bidding in the auctions on the website shall be treated as conclusive evidence of the fact that the Bidder has inspected the assets and the related documents pertaining to the auction, and is satisfied in all respects regarding the quality, quantity, condition of the assets, taxes and duties, and other extraneous factors and the Principle of Caveat Emptor (let the Bidder beware) will apply. It shall also imply that the Bidder has carefully gone through the terms and conditions, including amendments, if any, prevailing at the time of the auction. No objections or complaints will be entertained once the bid is placed.
All assets sold/bought on the website are on "AS IS WHERE IS BASIS" and "NO COMPLAINT BASIS".
Fastrbid does not give warranty or guarantee of the quality, quantity, measurement, condition, and chemical composition of the assets and about its "End Use" or fitness for a particular purpose.
The highest/lowest Bidder does not get any right to demand acceptance of his bid/offer. Seller/Buyer reserves the right to accept/reject/cancel any bid/offer, withdraw any portion of the assets at any stage from auction, even after acceptance of bid/offer, issue of delivery order/purchase order without assigning any reason thereof. In the event of such rejection, cancellation or withdrawal, the Seller/Buyer shall not be responsible for any damages/loss to the successful bidder on account of such rejection, cancellation or withdrawal.
The Bidders cannot retract from their offers. If done so, the Bidder will be delisted from Fastrbid.
MODIFICATIONS TO WEBSITE, SERVICES AND TERMS AND CONDITIONS
Fastrbid reserves the right to modify, amend, suspend or discontinue any aspect of the services or the website at any time without notice.
Fastrbid reserves the right to amend any, or all the terms and conditions without notice at any time at its sole discretion and announce the same on the website. Accessing the website and/or using the services shall constitute acceptance of the terms and conditions including the amendments.
ONLINE BIDDING
Multiple Log in from same IP Address - Bidders participating in the auctions may please note that multiple login from the same IP Address will not be permitted.
Time Extension - If any market-leading bid (bid higher/lower than the highest/lowest at the point in time) is received in the last five minutes of closing time, the closing time will be extended automatically by five minutes. Please note, Time Extension as mentioned in the bidding room will apply and five minutes is only an example.
Bids - All bids placed are legally valid bids and are to be considered as bids from the Bidder himself. Once the bid is placed, the Bidders cannot modify or withdraw the bid for whatever any reason. The highest/lowest and the latest bid on the auction shall supersede all the previous bids of the Bidder. Bidders may please note that in the event of a manual bid amount matching that of an proxy bid, the manual bid will prevail and be considered.
FORCE MAJEURE
Fastrbid shall not be liable for any failure or delay in performance due to any cause beyond its control including fire, strike, go-slow, lock-out, closure, theft, dislocation of normal working conditions, internet or network non-availability, accident, war, riots, civil commotion, political upheaval, epidemics, break-down of machinery, any terrorist activity, any natural calamity, adverse weather or climatic conditions, or any other causes or conditions beyond the control of Fastrbid, whether directly due to or in consequence of the aforesaid causes and the existence of such causes or consequences shall operate to extend the time of performance till the cause of delay shall have ceased to exist. Fastrbid shall not be liable for any failure or delay in performance due to any cause beyond its control including fire, strike, go-slow, lock-out, closure, theft, dislocation of normal working conditions, internet or network non-availability, accident, war, riots, civil commotion, political upheaval, epidemics, break-down of machinery, any terrorist activity, any natural calamity, adverse weather or climatic conditions, or any other causes or conditions beyond the control of Fastrbid, whether directly due to or in consequence of the aforesaid causes and the existence of such causes or consequences shall operate to extend the time of performance till the cause of delay shall have ceased to exist.
TIME
Time wherever mentioned in any page of the website refers to Indian Standard Time (IST) i.e. UTC + 05.30 hrs. All the timings of the Online Bid shall be based on the time indicated by the Server hosting the Auction Engine. It shall be the endeavour of Fastrbid to ensure that the Server Time reflects as closely as possible the Indian Standard Time (IST) i.e. UTC + 05.30 hrs. However, in the event of any deviations between the Server Time and the Indian Standard Time, the functioning of the Auction Engine (including Start, Operation & closure of auctions) would be guided by the Server Time.
COMMUNICATION
User consents to receive communication from Fastrbid by electronic mail, short messaging services on their mobile phones, by phone calls or through posting notices posted on the website. User fully understands that this consent to receive communication shall override their registration on the NDNC, if any.
TERM OF AGREEMENT
This Agreement shall continue to be in full force and effect for so long as you are using the website and its services. Fastrbid provides the online auction platform wherein the users can sell, purchase, bid and buy, or bid and sell the assets listed on the website pursuant to the terms and conditions set forth below.
DISCLAIMER
Fastrbid runs its business on the basis of a robust website. Fastrbid is outsourcing server space from a third-party hosting company and hence shall ensure the smooth running in all good faith and intention. However, Fastrbid will not be held responsible for any failure of power, network, server, hosting server, Internet connectivity, ISP or otherwise at Bidder's end or at Fastrbid directly or indirectly affecting online method of bidding.
Fastrbid takes no responsibility of the quality, quantity, documentation details of Buyers/Sellers. Both the Buyers & Sellers agree to defend indemnity and hold harmless Fastrbid from any loss, damage, cost and expenses caused by any reason during the transactions on the website. In no event shall Fastrbid be liable for any loss for the transactors by business, revenues, profit, costs direct and incidental, consequential or punitive damages of any claim. Both the parties agree to have discussed all the related matter regarding the transactions and have understood in full that Fastrbid has provided a source of supply and has nothing to do any further especially with regards to quality, warranty, guarantees, delivery schedules, payments, rejections, transportation, legal laws and regulations to be followed from time to time etc. Since Fastrbid does not possess knowledge base of the assets under transaction both the parties agree that the matter contained in the assets as a part or, as a whole does not violate any applicable law. Fastrbid is only an e-commerce service provider and is not and cannot be a party to or control in any manner any transactions between the Seller/Buyer and the Bidder.
The Seller/Bidder agrees to limit the liability of Fastrbid to them for any, and all claims, losses, costs, damages of any nature whatsoever or claims expenses from any cause or causes, including attorney's fees and costs, so that the total aggregate liability of Fastrbid to the Seller/Bidder shall not exceed its total fee receivable from the Seller/Bidder. It is intended that this limitation apply to any, and all liability or cause of action however alleged or arising, unless otherwise prohibited by law.
Terms & conditions as laid down by the auctioneer shall apply in addition.
GST
Bidders participating in Auctions should verify with the selling companies about the tax structure and ascertain themselves of the tax rates and other statutes in place.
Any disputes shall be clarified by the Bidders directly with the selling clients and we are not responsible for any form of misunderstanding or dispute on the applicable taxes. We are only an E-Commerce Service Provider and has minimal knowledge arising out of any changes in applicable tax rates that are promulgated by the Government from time to time.
TERMINATION
Fastrbid expressly reserves the right to terminate the use of, or to refuse to permit the use of, the Services and the Website by any person or entity, at the sole discretion of Fastrbid, for any reason and without notice.
BANNED ITEMS
It is hereby agreed by the users that the fastrbid may, at its sole discretion modify the below mentioned list on www.fastrbid.com from time to time and user shall be required to comply with the same.
  • Adult goods and services which includes pornography and other sexually suggestive materials (including literature, imagery and other media); escort or prostitution services.
  • Alcohol which includes Alcohol or alcoholic beverages such as beer, liquor, wine, or champagne.
  • Body parts which includes organs or other body parts.
  • Bulk marketing tools which includes email lists, software, or other products enabling unsolicited email messages (spam).
  • Cable descramblers and black boxes which includes devices intended to obtain cable and satellite signals for free.
  • Child pornography which includes pornographic materials involving minors.
  • Copyright unlocking devices which includes Mod chips or other devices designed to circumvent copyright protection.
  • Copyrighted media which includes unauthorized copies of books, music, movies, and other licensed or protected materials; Copyright infringing merchandise.
  • Copyrighted software which includes unauthorized copies of software, video games and other licensed or protected materials, including OEM or bundled software.
  • Products labeled as "tester," "not for retail sale," or "not intended for resale".
  • Counterfeit and unauthorized goods which includes replicas or imitations of designer goods, items without a celebrity endorsement that would normally require such an association, fake autographs, counterfeit stamps, and other potentially unauthorized goods.
  • Products that have been altered to change the product's performance, safety specifications, or indications of use.
  • Drugs and drug paraphernalia which includes hallucinogenic substances, illegal drugs and drug accessories, including herbal drugs like salvia and magic mushrooms.
  • Drug test circumvention aids which includes drug cleansing shakes, urine test additives, and related items.
  • Endangered species which includes plants, animals or other organisms (including product derivatives) in danger of extinction.
  • Government IDs or documents which includes fake IDs, passports, diplomas, and noble titles.
  • Hacking and cracking materials which includes manuals, how-to guides, information, or equipment enabling illegal access to software, servers, websites, or other protected property.
  • Illegal goods which includes materials, products, or information promoting illegal goods or enabling illegal acts.
  • Miracle cures which includes unsubstantiated cures, remedies or other items marketed as quick health fixes;
  • Offensive goods which includes literature, products or other materials that: a) Defame or slander any person or groups of people based on race, ethnicity, national origin, religion, sex, or other factors b) Encourage or incite violent acts c) Promote intolerance or hatred.
  • Offensive goods, crime which includes crime scene photos or items, such as personal belongings, associated with criminals.
  • Pyrotechnic devices (apart from the ones mentioned in the Restricted category), hazardous materials and radioactive materials and substances.
  • Tobacco and cigarettes which includes e-cigarettes, cigars, chewing tobacco, and related products.
  • Traffic devices which includes radar detectors/jammers, license plate covers, traffic signal changers, and related products.
  • Weapons which includes firearms, ammunition, knives, brass knuckles, gun parts, and other armaments.
  • Work-at-home information.
  • Any product or service which is not in compliance with all applicable laws and regulations whether federal, state, local or international including the laws of India.