Terms & Conditions

Welcome to surplus.com.pk. The terms and conditions present here govern your use and access of surplus.com.pk We provide surplus asset management, valuation, and sales solutions for surplus and other assets (each an “ASSET” and, collectively, “ASSETS”). By using the website, you hereby accept these terms and conditions (including the linked information herein) and represent that you agree to comply with these terms and conditions (the "User Agreement"). This User Agreement is deemed effective upon your use of the website which signifies your acceptance of these terms. If you do not agree bound by this User Agreement please do not access, register with or use this site. This site is owned and operated by NovelOPS Pakistan Private Limited. The website reserves the right to change, modify, add, or remove portions of these Terms and Conditions (T&C) at any time without any prior notification. Changes will be effective when posted on the website with no other notice provided. Please check these Terms and Conditions regularly for updates. Your continued use of the website following the posting of changes to Terms and Conditions of use constitutes your acceptance of those changes.

RULES FOR BUYERS
When bidding on or buying an Asset, you agree to these rules.
  • You must register on our website and provide us an accurate and verifiable mailing and physical address, telephone number, email address and other requested information;

  • You must be a business or legal entity;

  • If you are registering on behalf of a business or legal entity, you must have authority to enter into a legal contract on behalf of that business or legal entity;

  • Each bid is irrevocable. If you bid, then you agree to pay that bid price for the ASSET;

  • You cannot bid on your own Asset or Listing;

  • You are responsible for reading the full listing of ASSET’s (you are interested in) detail before making a bid;

  • You may not copy, reproduce, reverse engineer, modify, create derivative works from, distribute, or publicly display any content from our website or our services;

  • You may not transfer or otherwise provide your username and password to another third party without our consent; provided, however, a username and password for a business entity can be transferred among authorized employees of the same business entity; after informing surplus.com.pk

  • You may not engage in bribery, which we define as giving or offering anything of value in exchange for any unfair economic advantage, and not receive from any employee of surplus.com.pk anything of value in exchange for an unfair economic advantage;

  • You must comply with all laws and regulations applicable to the purchase of the ASSETS and their later transport, use, resale or export; and

  • You are responsible for all bids placed from your account.


RULES FOR SELLERS
When selling an Asset, you agree to these rules.
  • You must register on our website and provide us an accurate and verifiable mailing and physical address, telephone number, mobile number, email address and other requested information;

  • You must be a business or legal entity;

  • If you are registering on behalf of a business or legal entity, you must have authority to enter into a legal contract on behalf of that business or legal entity;

  • You are responsible for reading the full listing of ASSET’s (you are interested in uploading) detail before placing a listing;

  • You may not copy, reproduce, reverse engineer, modify, create derivative works from, distribute, or publicly display any content from our website or our services;

  • You may not transfer or otherwise provide your username and password to another third party without our consent; provided, however, a username and password for a business entity can be transferred among authorized employees of the same business entity; after informing surplus.com.pk

  • Your listing on surplus.com.pk signifies that you guarantee that ASSET(s) available for listing has been cleared for sale by the management of the business and assume responsibility for its sale.

  • Once surplus.com.pk has provided you a bid which has accepted for the agreed upon period, that asset is not to be further advertised for sale on any other platform, or by any other means.

  • The seller is to provide accurate assessment of the ASSET(s) to surplus.com.pk with any and all known faults being disclosed beforehand.


INSPECTION

Some listings permit inspection prior to or during bidding or ordering. Sometimes, inspection requires an advance appointment or viewing ASSET(s) at specified public viewing times. Unless otherwise stated in a listing, every Asset offered for sale is brand new and does not contain any defects. Any ASSET(s) available at surplus.com.pk is only sold after standard quality control; however, if you buy then you do so at your own risk. In the event, you are permitted to inspect the Assets, you must satisfy yourself with the condition of the Assets prior to bidding and you are not permitted to make any claim in respect of the Assets. If you need specific advice (e.g., engineering, scientific, risk management, appraisal, valuation, legal), please seek a professional who is licensed or knowledgeable in that area. You are solely responsible for selecting the appropriate Assets for your needs. No disputes will be processed after removal of the Assets from the site by you or by your third-party carrier.


OUR SERVICES

You agree that you are making use of our services at your own risk, and that our services are being provided to you on an “as is” and “as available” basis. To the extent permitted by applicable law, we exclude all express or implied warranties, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, and non-infringement ASSET(s). Unless expressly stated otherwise in writing in a Listing, if you purchase Assets or place bids on or submit an offer on or order assets, you agree to accept such assets as is, where is and with all faults.

Unless expressly stated in writing in the listing, we and our sellers disclaim to the greatest extent permitted by applicable law all warranties, express and implied, with respect to the assets, including without limitation, any implied warranties of merchantability, fitness for a particular purpose, or that the assets are free from latent defects.

We make no representations or warranties regarding the quality, nature, condition, genuineness, authenticity or composition of the assets or regarding the compliance of the assets with the requirements of any specifications, laws or regulations. You agree to repair, at your cost, any lot purchased to a safe operating condition and, without limitation, to a condition which meets any standard or requirement of any applicable authority, law or regulation including those concerning any use to which the lot may be put.

You are solely responsible for the assets’ ability to achieve the results you intend.

We disclaim any warranty or other obligation on account of any claim of infringement or misappropriation of patents, copyrights, or other intellectual property rights in connection with the assets. Unless otherwise stated in a listing, photographs, video, and written descriptions are not intended as representations, but are provided solely to aid you in determining which listings you wish to physically inspect.

LIMITATION ON LIABILITY
To the extent permitted by applicable law, we (including our officers, directors, employees and agents) are not liable, and you agree not to hold us responsible, for any damages or losses (including, but not limited to, loss of money, damage to goodwill or reputation, lost profits, attorneys’ fees, intangible losses or any special, indirect, incidental, punitive or consequential damages) resulting directly or indirectly from:

  • Your use of or your inability to use our Services or website;

  • Pricing, shipping or other guidance provided by us;

  • Delays or disruptions in our services or website;

  • Viruses or other malicious software obtained by accessing, or linking to, our services or website;

  • Glitches, bugs, errors, or inaccuracies of any kind in our services or website;

  • Damage to your hardware device or other computer systems or software from using any of our services or website;

  • A suspension or other action taken regarding your account;

  • Your need to modify practices, content, or behavior or your loss of or inability to do business, because of changes to these T&Cs, our services or website.

You release surplus.com.pk (and our affiliates and subsidiaries, and our and their respective officers, directors, employees, agents) from claims, demands and damages (actual damages, damage to goodwill or reputation, lost profits, attorneys’ fees, intangible losses or any special, indirect, incidental or consequential damages) of every kind and nature, known and unknown, arising out of or connected with the above.

WAIVER
Our failure to exercise or enforce any right or provision of these T&Cs will not be deemed a waiver of such right or provision. Any waiver of any right, provision, term or condition must be in writing, signed by our authorized representative and be effective only for the instance specified in writing.

LIST OF PROHIBITED ASSETS
Following items are prohibited to be sold on surplus.com.pk
  • Products subject to recall;

  • Products produced, manufactured or packaged by forced prison labor or child labor;

  • Pornography in any form of media;

  • Alcoholic beverages, cigars, cigarettes or tobacco products;

  • Live animals or taxidermy;

  • Grave or other funeral-related items;

  • Charity fundraising activities;

  • Used cosmetics;

  • Credit or debit cards;

  • Gift cards;

  • Illegal and prescription drugs, illegal drug paraphernalia, and materials describing how to make illegal drugs;

  • Embargoed Assets from prohibited regions

  • Government documents, government identifications, and government licenses;

  • Human parts or human remains;

  • Surveillance equipment (including but not limited to lock picking devices, wiretapping devices, telephone bugging devices);

  • Firearms;

  • Event tickets;

  • Lottery tickets;

  • Mailing lists and personal consumer information;

  • Manufacturer's coupons;

  • Federal or state regulated medical devices;

  • Pesticides;

  • Plants (including live plants and seeds);

  • Firewood or lumber (not including artificial or manufactured firelogs);

  • Postage meters or stamps;

  • Real estate;

  • Stocks and other securities;

  • Travel services;

  • Products containing ingredients that are regulated

  • Illegal products, illegal services, stolen or recalled products.

TAXES

All transactions subject to taxes applicable in Pakistan as prescribed by Government of Pakistan.