Terms & Conditions
for the sale of
'Te Ha o Aotearoa'
Introduction
The following are the terms and conditions relating to the sale by
private treaty of the New Zealand and America's Cup art piece titled 'Te o Ha
Aotearoa'.
Terms and Conditions
- There is no set sale price, as the sale is by private treaty.
- Prospective buyers are invited to initially negotiate with the
owner's agent. However, all formal offers must be submitted in writing
(letter, fax or email) to the owner's agent and should include any conditions
implied to that offer by the buyer.
- All offers will be registered on receipt by the owner's agent and this
will establish the precedent by which buyers will be offered the right or
re-offering or withdrawing their offers.
- The acceptance of an offer (and therefore a sale), will be notified to the
successful buyer initially verbally and then formally in writing by the
owner's agent. All other prospective buyers with offers on the table, will
then be notified that the sale has been concluded.
- The existing owners retain the right of not necessarily accepting the
highest offer.
- New Zealand Goods and Services Tax (GST) is not included in the sale, as
it is a private sale.
- There are no implied guarantees or warrantees.
- The art piece comes complete with transportation and storage case and the
website: www.teha.net.nz (if required by the buyer).
- The ownership of 'Te Ha o Aotearoa' remains at all times with the existing
owners until full and final settlement has been made.
- Settlement is to be made within ten working days (unless agreed otherwise)
directly to a Bank of New Zealand account stipulated by the owner's agent.
- It is the buyer's responsibility to arrange for the packaging, handling,
transportation, customs clearance and insurance, once the sale has been
concluded.
- There are no know restrictions for the sale or export of 'Te Ha o Aotearoa'
from New Zealand, however there are formal New Zealand Customs and New Zealand
Ministry of Agriculture and Fisheries (MAF) requirements.
