Conditions for SOCORICO Auctions
Approved by the Socorico
Board of Directors, December 2021
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Oxcart/SOCORICO Mail Bid Sales are restricted to SOCORICO members in good standing.
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Bids must reach the Sales Manager no later than the specified closing date.
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Lots are sold to the highest bidder at 10% over the next highest bid. In the event of a tie, the earliest bid received will prevail.
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Notification of successful bids, together with the invoice for the amount due will be e-mailed soon after the sale closes.
Payment by successful bidders is required prior to shipment and is due immediately upon receipt of the invoice. Refunds will be made promptly in the case of lots returned for just cause.
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Owners are charged 10% of the amount realized. Postage costs will be added to the invoice.
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Members are urged to send their philatelic material to the Sales Manager for inclusion in future Oxcart sales,
bearing in mind that a delay of several months is possible, depending on the material submitted and the quantity of material on hand.
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Material is submitted at the owner's risk. Every reasonable precaution is taken for its protection, including
SOCORICO paid insurance against loss by fire, theft, or disappearance in transit. However, neither the Sale Manager nor SOCORICO is to be held responsible for damage or disappearance of material submitted for sale.
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Owners must describe each lot and set the reserve. The Sales Manager will confirm the description and may edit
it as necessary, but will in no case describe, lot or assign reserves for material submitted for sale.
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Catalogue numbers and values are quoted from the latest edition of the Scott Standard Postage Stamp Catalogue.
When appropriate, Mena catalogue numbers or other catalogue numbers may be used as appropriate.
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Remittances should be made to the Treasurer.
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Owners must pay postage and insurance for the return of unsold material.
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A list of prices realized will be published in a succeeding issue of The Oxcart.
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Bidders must remember to add their postal address to the bottom of their e-mail bid so better expedite shipping if they win a lot or lots.
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