E-LIVE AUCTION TERMS OF SALE

Auction Participants are required to strictly observe and accept the following conditions governing auction sales (which will be considered fully accepted in case bids are submitted).

1 - All material is deemed authentic and free of any hidden defects, otherwise it would be indicated. The lots are described with utmost accuracy and good faith. Regarding photographed lots the reproduction is determinant for margins, centring, perforation, cancellation and general aspects of lots. The numeration is in conformity with Sassone catalogue for Italy, Italian territories and Europe while Yvert is used for countries abroad, with the Filagrano catalogue for the Interi Postali. Where appropriate other catalogues will be indicated in the description.

2 - The society has the power, in his own unobjectionable judgement, to withdraw and divide the offered lots, and to refuse offers arrived.

3 - The base prices are expressed in euro. Offers lower than base prices will not be accepted.

4 - The lots shall be awarded to the highest bidder. In case there are several offers received by mail, the starting price will be calculated by increasing the penultimate bid by one click as per "bid increments table" for example: base price euro 100,00, received offers euro 150,00, 200,00, 300,00.The lot will start (in the auction-room) from euro 220,00). If there were two or more than two offers of the same amount in writing, the lot shall start from the sum itself and, where there are no offers, the lot shall be awarded to the first one received.

5 - The bids increase will be as per "bid increments table", with a minimum of € 10.00. Bids stating such expressions as “the best” or similar phrases will not be taken into consideration.

6 - All bids mailed, faxed, email or otherwise received in our office of Dogana, Piazza Enriquez 22/c, will be accepted only if received within one hour before the start of each auction session or inserted on our live.filsam.com website in pre-auction or through participation in real time “live auction”. Filatelia Sammarinese s.r.l. decline all responsibility for any problems that may occur previously or during the internet connection.

7 - In addition to the price awarded, the buyer shall pay a 20% commission on the amount. The awarded material is meant to be delivered to the buyer at the moment of the award and has to be collected in the auction-room or by our offices in Dogana (R.S.M.) at his expense and care. Buyers will be able to ask for insurance subscription for the lots purchased. In the event, Filatelia Sammarinese s.r.l. can advise leading insurance companies. Filatelia Sammarinese s.r.l. will charge the amount of € 10.00 for Italy and € 15.00 for other countries up to 350 grams in weight for packaging and overheads; beyond this weight, the charge will be determined precisely.

8 - The ownership of the lots will be transferred to the buyer only upon the full payment of the price due for the sale and the auction fees. The material will be delivered only after payment has been made.

9 - Your payment must be made at the moment of your withdrawal, or in any case within 7 days from communication of your award. We prefer payment to be done into our Post office checking account. # 10247476 (IBAN: IT52L0760113200000010247476) BIC/SWIFT: BPPIITRRXXX, by Bank swift into our bank account # IBAN: SM63C0303409800000060105882, BIC/SWIFT: BASMSMSMXXX at B.A.C. / I.B.S. S.P.A in Dogana, RSM, by Credit Card on our website www.filsam.com or by Paypal to email paola@filsam.com (+ 4% expense). Your ownership of lots shall be given only after your full payment. In case of non payment of the ordered or received lots, FILATELIA SAMMARINESE reserves, in its own unobjectionable judgment, the power to act for the forced execution of the consideration obligations, both of its own and of the buyer’s, or to impose the rescission of the contract with any consequent compensation.

10 - The Filatelia Sammarinese may allow extension of payment, which must be agreed on before your offer, being understood and being confirmed the “reserved domination” in favour of the buyer.

11 - Eventual claims must be made at the moment of your withdrawal in our office, otherwise within 7 days since the delivery date if delivered with any other means. Do not accept claims for lots composed of more than 10 pieces, collections and lots described as "to be examined".

12 - Sales by auction as well as all its legal relations are subject to Sammarinese law. Regarding disputes, San Marino’s law-courts are competent.The original of the “Conditions of Sales” for this auction have been written Italian which will be the controlling language in all respects. Any translations into any other language are for reference only and will have no legal or other effect.

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