Buyer Agreement

This Buyer Agreement supplements the Terms of Service and governs your participation as a buyer on KAT Exchange. By placing a bid you accept this Agreement.

• You must complete identity and, where applicable, business verification before bidding.
• We may set, adjust, or revoke a bidding limit at our discretion.
• You authorize us to verify the information you provide.

• Each bid is an irrevocable, binding offer to buy at the bid price plus fees and taxes.
• You may increase but not decrease or withdraw a bid.
• Winning a lot creates a binding contract of sale with the UAE Branch entity.

• A buyer's premium of 12.5% is added to the winning bid before VAT.
• VAT is charged at 5% on UAE deliveries and 0% (zero-rated) on qualifying exports. See the Tax Notice.
• Prices are shown in USD with an AED equivalent at the pegged rate of [USD_TO_AED] AED per USD.

• Payment is due within [PAYMENT_DEADLINE_DAYS] days of auction close (default 5).
• Accepted methods: bank wire transfer (recommended for orders above [WIRE_THRESHOLD]), card (Visa / Mastercard / Discover — American Express not accepted), and Tabby (BNPL, available to eligible GCC buyers for orders between [TABBY_MIN] and [TABBY_MAX]).
• Bank wire details: Bank [BANK_NAME]; Account name [ACCOUNT_NAME]; Account number [ACCOUNT_NUMBER]; IBAN [IBAN]; SWIFT [SWIFT_CODE].
• Title passes only upon receipt of cleared funds in full.

• Lots unpaid after [FORFEIT_AFTER_DAYS] days (default 7) may be forfeited and re-listed.
• Non-payment may result in suspension, loss of any deposit, and liability for our losses and costs.

• Risk passes to you on collection or on hand-off to your nominated carrier.
• Inspect items on collection and document any pre-existing damage before signing acceptance.
• Storage fees may apply after [STORAGE_GRACE_PERIOD].

• You acknowledge all assets are sold "AS IS, WHERE IS" with all faults and no warranty except as required by mandatory law.
• Condition grades are guidance only and do not constitute a warranty.

• You are responsible for complying with all import, export, customs, and sanctions laws applicable to your purchase.
• You confirm you are not a sanctioned party and will not re-export in violation of applicable law.
• [REVIEW WITH UAE LAWYER] Confirm export-control and sanctions wording for US-origin IT hardware shipped via the UAE.

• We make commercially reasonable efforts to sanitize storage media, but you are responsible for verifying data erasure before use.
• [REVIEW WITH UAE LAWYER]

This Agreement is governed as set out in the Terms of Service. [REVIEW WITH UAE LAWYER]

Buyer support: [SUPPORT_EMAIL].