📝 Description
For sale: approximately 1000 tons of oversized ferrous scrap metal, including pipes, wire, sheet metal, and similar items. The starting price is 203000 EUR, with a required security deposit of 20000 EUR. Please note that no quality guarantee is provided for the scrap metal. The asset is located at Elektrinės g. 34, Drūkšinių k., LT-31152, Visagino sav. Property inspection is available on working days between 2025-11-03 and 2025-11-17, from 8:00 to 15:00 (lunch break 11:30–12:00). Prior arrangement for inspection time with the responsible employee of VĮ IAE is mandatory. The winning bidder confirms reviewing the draft Property Purchase and Sale Agreement (available at https://www.iae.lt/paslaugos/pasiulymai/aukcionai/108), inspecting the asset to assess its composition and actual condition, and securing means for removal considering the dimensions, shape, weight, and access. All costs for loading and removal from the site are the buyer's responsibility. Scrap metal weighing will use VĮ IAE priklausančiomis 60 t arba 30 t automobilių svarstyklėmis. The security deposit will be credited toward the final purchase price. The winner must finalize payment via bank transfer within 3 working days after the auction closes. The standard term for asset collection is 3 working days following full payment, extendable up to 60 calendar days under justified circumstances. A penalty fee of 3% of the sale price (minimum 10,00 EUR per day) applies for each overdue calendar day of delayed removal.
❓ Frequently asked questions
What is the starting price and security deposit?
The starting price is 203000 EUR. The participant security deposit is 20000 EUR.
When is the auction held and when can I register?
The auction starts on 2025-11-18 09:00 and ends on 2025-11-19 13:59:59. Registration takes place from 2025-11-10 00:00 to 2025-11-13 23:59:59.
Where is the inspection located and when can I view the metal?
Inspection is at Elektrinės g. 34, Drūkšinių k., LT-31152, Visagino sav. Viewing hours are 2025-11-03–2025-11-17 on working days from 8:00–15:00 (lunch break 11:30–12:00). Inspection time must be arranged in advance with the responsible employee of VĮ IAE.
What is the exact specification of the asset being sold?
Oversized ferrous scrap metal, approximately 1000 t; composition includes pipes, wire, sheet metal, and similar items. No quality guarantee is provided for the scrap metal.
What are the payment and collection terms after the auction?
The winner must pay by bank transfer within 3 working days of the auction end. The standard collection period is 3 working days after full payment, extendable up to 60 calendar days subject to justified circumstances. All removal costs are the winner's responsibility.
What fee applies for late asset collection?
A 3% fee of the sale price is applied for each overdue calendar day of collection, with a minimum charge of 10,00 EUR per day.