📝 Description
Scrap metal (code 17 04 05) is being sold at auction organized by AB "Kauno energija". The initial total sale price, excluding VAT, is 105 000,00 Eur, equating to approximately 210,00 Eur per ton excluding VAT. The estimated quantity is 500.00 tons, though the actual amount may fluctuate by up to 10 percent more or less. The definitive quantity will be determined by the Seller's scales at the collection site, by weighing the vehicle empty and loaded with the scrap.
The minimum bid increment for the auction is 1050,00 Eur. Registration for participants is open from 2025-12-03 00:00:00 until 2025-12-09 23:59:59. The auction itself runs from 2025-12-15 09:00:00 to 2025-12-16 13:59:59. Participants must have paid the Security Deposit (10 500,00 Eur) and the Registration Fee (100,00 Eur) before the auction starts.
This auction is exclusively for legal entities properly registered, free from bankruptcy or restructuring proceedings, and listed in the State Register of Waste Handlers, using the GPAIS system for accounting. AB "Kauno energija" reserves the right to retain the Winner's Security Deposit if the contract is not signed within 5 business days of receiving the invitation. Property inspection can be arranged within 3 business days prior to the start of the auction.
The actual quantity (up to 10% more than planned) is sold at the Buyer's auction bid price without further agreement. Removal of the scrap is restricted to heavy-duty trucks only. Following contract signing, the Buyer must pay the full price (excluding VAT) within 3 business days. Collection of the scrap must be completed within 20 calendar days of contract signing.
The minimum bid increment for the auction is 1050,00 Eur. Registration for participants is open from 2025-12-03 00:00:00 until 2025-12-09 23:59:59. The auction itself runs from 2025-12-15 09:00:00 to 2025-12-16 13:59:59. Participants must have paid the Security Deposit (10 500,00 Eur) and the Registration Fee (100,00 Eur) before the auction starts.
This auction is exclusively for legal entities properly registered, free from bankruptcy or restructuring proceedings, and listed in the State Register of Waste Handlers, using the GPAIS system for accounting. AB "Kauno energija" reserves the right to retain the Winner's Security Deposit if the contract is not signed within 5 business days of receiving the invitation. Property inspection can be arranged within 3 business days prior to the start of the auction.
The actual quantity (up to 10% more than planned) is sold at the Buyer's auction bid price without further agreement. Removal of the scrap is restricted to heavy-duty trucks only. Following contract signing, the Buyer must pay the full price (excluding VAT) within 3 business days. Collection of the scrap must be completed within 20 calendar days of contract signing.
❓ Frequently asked questions
When does the metal sale auction start and end?
The auction starts on 2025-12-15 09:00:00 and ends on 2025-12-16 13:59:59.
What is the starting price and quantity of the metal for sale?
The initial total sale price excluding VAT is 105 000,00 Eur (approximately 210,00 Eur/t excluding VAT). The estimated quantity is 500.00 tons, subject to a possible +-10% variation.
What registration fees are mandatory to participate in the auction?
A non-refundable Registration Fee of 100,00 Eur is required, along with a Security Deposit of 10 500,00 Eur.
Who is eligible to participate in this metal auction?
Participants must be legal entities registered in the State Register of Waste Handlers, manage accounting via the GPAIS system, and have no active bankruptcy procedures.
How long after signing the contract must payment and collection be completed?
Full payment (excluding VAT) must be made within 3 business days after contract signing. The property must be collected within 20 calendar days from the signing date.
Who is responsible for organizing the inspection and where can I get more information about viewing the property?
For organizing property inspection, inquiries should be directed to the Senior Engineer. The Senior Engineer (contact details redacted due to GDPR requirements) is responsible for coordinating the viewings.