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Auction for sale a quantity of residues of aluminum polygon sheets.

Libyan Iron & Steel Company announces sale by auction a quantity of residues of aluminum polygon sheets.

Interested buyers must submit offers as from Tuesday, 13.02.2018 at 15.45 hrs noting that receipt and opening of offers will be at the same time in the presence of bidders at company's administrative building according the following conditions:

  1. the quantities offered for sale which will be reviewed are available opposite the new rolling rails factory in the company daily as from Wednesday, 07.02.2018 during working hours.
  2. offers must be submitted according the prepared form for the whole quantity and to attach a certified check for LD.5000 (five thousand dinars) as primary deposit for participation in the auction during receipt and opening of offers; this amount will be kept until winner withdraws the whole quantity,
  3. a certified check for LD.20,000 (twenty thousand dinars) being deposit to be submitted by bidder during receipt and opening of offers which will be calculated from the value.
  4. if winner delays settlement of the auction value for two weeks from date of notification of award, the primary deposit of LD.5000 and deposit for LD.20,000 will be confiscated.
  5. if winner delays withdrawal of materials for 15 days from date of settlement of value and did not submit acceptable justification, storage charges for 5% of value for each week will be charged; and if delay exceeded one month, the quantity will be sold for his account and storage charges plus 20% administration expenses will be deducted from the value; if the sale price exceeds the auction value, he will have no right to get the difference.
  6. the company is not responsible for disposal of the quantity.
  7. the company has right to cancel the auction if suitable price is not obtained or for any other reason.
  8. bidders must personally attend at the place and time specified with identity cards as offers will not be accepted after the specified time.
  9. the submitted offer must be suitable to the offered quantity for sale.

For any enquiry, please contact the permanent sales committee on telephone: 0512613713, internal 4959,  4963, 5410 or Mobile 0919895786 during office hours or website: www.libyansteel.com.

The Permanent Sales Committee


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