ThoroughBid will be conducting all of its auctions in accordance to the latest Bloodstock Industry Code of Practice published in August 2021 (The New Code).
ThoroughBid expects all users participating in any auction to adhere to 'The New Code' at all times.
Each Lot is sold subject to one or more of the following basis for sale:
1. 'Sold with a Pre-Sale Veterinary Certificate' and 'subject to post-sale re-examination'
2. 'Sold with a veterinary certificate of pregnancy' and 'subject to post-sale re-examination'
3. 'Sold with a veterinary certificate of suitability for breeding' and 'subject to post-sale re-examination'
This needs to be arranged with the Vendor. Contact details for this can be found at the bottom of the lot’s listing page.
Make sure that you have registered for an account plenty of time before the auction starts.
Once you have registered you will receive an activation text with a registration code which you must fill in, this will be followed by an email where you will be asked to click on a link to activate your account . ***PLEASE CHECK YOUR JUNK FOLDER FOR THIS EMAIL***
The first thing you will receive on successfully purchasing your lot will be an email confirming your purchase. On this you will find a link to the PURCHASE CONFIRMATION FORM, this needs to be filled in within 30 minutes of receiving the email otherwise you will lose your right to re-examination and blood testing.
We recommend all purchasers take out fall of hammer insurance on any lot bought.
This is a function for re-offering unsold lots for a period of 14 days post sale day. Potential purchasers can submit an offer to secure an unsold lots subject to their offer being accepted by the vendor. This can be done by clicking the 'make an offer' button on the relevant lot on the auction results page.
Purchasers are reminded that if they have opted to re-examine and/or take bloods, it is their responsibility to instruct a vet of their choosing and liase directly with the vendor.
The deadline for re-examination and blood tests is 5pm, 2 days after the day on which the horse was sold (this can only be done if selected on the purchase confirmation form, failure to do so will result in the purchase losing this right).
The deadline for lodging a notice for complaint of a re-examination is 9am on the 3rd day after the day on which the horse was sold. This must be done in writing with an accompanying vet certificate signed by a licensed veterinary surgeon and emailed to email@example.com.
The deadline for reporting a positive result for either Blood Test is 5pm on the 10th day after the sale. The purchaser must notify us in writing at firstname.lastname@example.org with an accompanying certificate from a registered laboratory in the case of Prohibited Substances and from the Bose Laboratory in the case of Pyroplasmosis.
All Piroplasmosis bloodtests must be carried out by a licensed veterinary surgeon and sent to the Bose Laboratory in Germany.
Purchasers must instruct their Vet to insure all Piroplasmosis bloodtests are sent to the Bose Laboratory for testing. Failure to comply will result in the purchaser losing the right to return the horse with this notice of complaint.
Bose Laboratory contact details: tel: +49 5127 90205-0 email: email@example.com
Purchasers must notify us in writing (firstname.lastname@example.org) by 5pm on the 8th day after the sale if there is an issue. They then have a week to review the horse's behavior and submit a veterinary certificate to support their notice of complaint. Failure to comply within the time frame will result in the purchaser losing the right to return the lot.
Needs to be made by midday on the 3rd day after the day on which the horse was sold.
RVB Currency UK Ltd (“RVB”), a UK registered company (company number 7586693), is the banking services provider to Thoroughbid Limited. RVB is regulated by the FCA as an Authorised Payment Institution (FRN: 593854) and is regulated by HMRC as a money transmitter under license number: 12653819. RVB Terms & Conditions dated 1st September 2020 are available at Elsley Court, 20-22 Great Titchfield Street, London. W1W 8BE. Tel: +44 20 31 37 68 81
- Full legal name, date of birth, current residential address, nationality, country of residence
- Copy of passport or driving license
- Full company name, date of incorporation, registered address, physical address
- Personal information for directors and beneficial owners of the company holding 25% or more, including full legal name, date of birth, current residential address, nationality, country of residence
- Copy of passport or driving license for all beneficial owners holding 25% and more, and one director
Åland Islands, Austria, Australia, Belgium, Bulgaria, Canada, Cayman Islands, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hong Kong, Hungary, Iceland, India, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Martinique, Mayotte, Monaco, Netherlands, New Zealand, Norway, Poland, Portugal, Reunion, Romania, Saint Martin (French part), Singapore, Slovakia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, United Kingdom, United States.
The permitted jurisdictions represent countries from where our banking partner can receive funds.
Australian Dollar (AUD), Bahrain Dinar (BHD), Bulgarian Lev (BGN), Canadian Dollar (CAD), Chinese Yuan (CNY), Croatian Kuna (HRK), Czech Koruna (CZK), Danish Krone (DKK), Euro (EUR), Hong Kong Dollar (HKD), Hungarian Forint (HUF), Israeli Shekel (ILS), Japanese Yen (JPY), Kenyan Shilling (KES), Kuwait Dinar (KWD), Mexican Peso (MXN), New Zealand Dollar (NZD), Norwegian Krone (NOK), Omani Rial (OMR), Polish Zloty (PLN), Qatar Rial (QAR), Romanian Leu (RON), Russian Ruble (RUB), Saudi Riyal (SAR), Singapore Dollar (SGD), South African Rand (ZAR), Swedish Krona (SEK), Swiss Franc (CHF), Thai Baht (THB), Turkish Lira (TRY), Ugandan Shilling (UGX), UK Sterling (GBP), United Arab Emirates Dirham (AED), US Dollar (USD)
Please note, in terms of ThoroughBid receiving funds, payments must originate from Permitted Jurisdictions which are listed in the Permitted Jurisdictions FAQ below.
At the time the invoice is generated on the morning after the auction finishes, the foreign exchange rate (“FX rate”) will be set and held until the payment deadline i.e. midday 3 days after the auction finishes. Failure to comply with this deadline will incur additional charges.
End of the 3rd day after the day on which the lot was sold, unless mutually agreed between the buyer and the seller. Failure to comply will result in the vendor having the right to charge £75 per day keep.
Any purchase intended for export and benefiting from zero rated VAT must provide proof of export documentation to ThoroughBid by email to email@example.com
If the buyer is planning to export the lot and benefit from zero rated VAT, they must send to ThoroughBid proof of export documentation within 28 days of the date on which the horse was sold, failure to do so will result in ThoroughBid invoicing the purchaser for the amount of VAT that would have been charged had the lot been invoiced for full VAT originally and an administration fee.