📝 Description
AB "LTG Cargo" is selling approximately 4.2 tons of cast iron scrap metal through initial auctions. The material is located in strategically important areas: Vilnius and Kaunas. This asset related to cargo transport is offered via a public auction, excluding VAT. The final weighing of the asset will take place on AB "LTG Cargo" territory using metrologically verified scales to ensure transparency. Since the property is located indoors, potential buyers are strongly advised to conduct an in-person inspection before submitting bids. Further details on sales conditions are provided in the draft contract documents.
Participants wishing to compete for the scrap metal must submit three essential documents: confirmation of payment of the Auction Participant's deposit (20 EUR Guarantee Fee), a digital copy proving participant registration in the State Register of Waste Handlers, and a document confirming the participant is not undergoing liquidation, restructuring, or bankruptcy proceedings. If participants are registered in the Register of Legal Entities of the Republic of Lithuania, requirements 2 and 3 will be checked publicly and free of charge.
The initial selling price is 945 EUR (excluding VAT). The security deposit required for participation is 20 EUR, payable to AB "LTG Cargo" account LT57 7300 0101 5725 9989. Purchase and sale terms and specific payment requirements are detailed in the draft contract, accessible via the provided link.
Participants wishing to compete for the scrap metal must submit three essential documents: confirmation of payment of the Auction Participant's deposit (20 EUR Guarantee Fee), a digital copy proving participant registration in the State Register of Waste Handlers, and a document confirming the participant is not undergoing liquidation, restructuring, or bankruptcy proceedings. If participants are registered in the Register of Legal Entities of the Republic of Lithuania, requirements 2 and 3 will be checked publicly and free of charge.
The initial selling price is 945 EUR (excluding VAT). The security deposit required for participation is 20 EUR, payable to AB "LTG Cargo" account LT57 7300 0101 5725 9989. Purchase and sale terms and specific payment requirements are detailed in the draft contract, accessible via the provided link.
❓ Frequently asked questions
What is the starting price for the cast iron scrap and how much is being offered?
The starting price is 945 EUR (excluding VAT) for approximately 4.2 tons of cast iron scrap metal located in Vilnius and Kaunas.
When does the auction for the cast iron scrap close?
The auction closes on 2026-07-10 13:59:59.
What is the registration deadline and the guarantee fee?
Registration closes on 2026-07-07 23:59:59, and the guarantee fee is 20 EUR.
Where will the asset weighing take place?
The asset weighing will take place on AB "LTG Cargo" territory using metrologically verified scales.
What documents must an auction participant submit?
The participant must provide proof of the paid deposit, the Waste Handler Register document, and documents confirming they are not being liquidated or bankrupt (except for those checked publicly).
Which organization is organizing this scrap metal auction?
The auction is organized by UAB "LTG Kompetencijų centras" (organization code 307037118).