Rules of HCT BID is a set of rules that specifies our auction.
Starting from 2021 Spring, we will be adding some rules about the Transaction Fee.
Please read carefully before participating in our auctions.
In addition to the remedy provided under Article 7(4) in case of a failure to make timely payment, HCMJ may cancel its acceptance of the bid and terminate the Contract without any prior notice, and charge twenty-five percent (25%) of the sale price as the cancellation fee in the event the Successful Bidder engages in any of the following activities:
Much of our inventory has been maintained and serviced at our Hitachi Service Centers, and have been inspected by our experienced team of sales and mechanics.
With over 30 years of experience in the global trading business of used construction equipment, HCMJ is renowned as one of the premier sources for all types and brands of heavy machinery in Japan.
Low opening bid prices at our parade auctions, gives buyers the opportunity to secure used construction machinery at enticing prices; and as the only manufacturer of construction machinery in Japan conducting parade auctions, you can be confident knowing that you’re purchasing quality product from a reliable source.
Each unit of exhibits parade to be auctioned in front of potential buyers.
HCMJ Parade Auction is a live auction in which machines parade in front of an audience to facilitate bidding. Bidders display bidding cards to purchase the exhibited machinery at the prices suggested by HCMJ.
Bidders, who display their bidding cards at the highest price for exhibits during parade auctions, retain priority to the right to purchase the specific and particular Exhibit that was bid upon.
Bidder who submits the highest bid within a set period of time wins the lot in Tender auction.
Our tender auction is simaltaneously held with a parade auction, or may be held alone. On-site bidding and online bidding are available. Bids must be made in amounts higher than the Minimum Tender Prices set by HCMJ. Bidders who submitted the highest bid amongst other valid bids shall be successful bidders.
What's internet auction?
Exhibits shown and auctioned online in real time.
HCMJ Internet Auction is a live online bidding-up auction.
Bidders interested in a particular Exhibit, enter a maximum bid amount
(unique to each individual Exhibit) surpassing the starting call price for the specific Exhibit. Our system will continue to place bids on your behalf as necessitated for you to outbid others, retaining your priority to an Exhibit against others.
The priority to an Exhibit may be won without having to reach your set maximum amount.
Contact us for further information on Buying, Selling, and participating in our Auctions.