Seller Terms and Conditions — Liberty Insurance Berhad

By bidding on any item by Liberty Insurance Berhad, or any other Liberty Insurance Berhad subsidiary (“Liberty”), you agree with the following Terms & Conditions:

General Terms

  1. The tender is on “As Is Where Is” basis and is not inclusive of the vehicle registration number. You are to inspect the vehicle properly before placing any tender on the subject vehicle. The subject vehicle’s condition before and after tender period should be within your consideration.
  2. Liberty Insurance Berhad is not liable for subsequent loss / damage if the successful bidder has failed to tow out the subject vehicle from the stipulated location. The storage charges or other fees to be borne by the successful bidder.
  3. The successful bidder is to ensure that the vehicle is repaired within 90 days in compliance with relevant authorities’ requirement.
  4. Liberty Insurance will proceed to deregister the subject vehicle at JPJ under below circumstances, and no refund of monies or whatsoever will be made by Liberty Insurance Berhad to you, if:
    • The subject vehicle is not repaired and certified roadworthiness by PUSPAKOM within 90 days from date of sales of B.E.R vehicle;
    • The subject vehicle has failed to transfer ownership at JPJ within 14 days after receipt of the original transfer ownership documents; and/or
    • The “double transfer of ownership” is carried out, the transaction must be transferred within 7 days as per JPJ requirements.
  5. Liberty Insurance Berhad reserves the right to perform inspection on the after-repaired vehicle prior to releasing the transfer ownership documents to the successful bidder.
  6. Liiberty Insurance Berhad will only transfer ownership to the successful bidder indicated on the Pickles Asia Sdn Bhd Memorandum of Contract.
  7. The successful bidder to provide copy of updated vehicle registration card to Liberty Insurance Berhad within 7 days to confirm the transfer of ownership is completed.
  8. Liberty Insurance Berhad is not liable for any cost and damage if the subject vehicle has failed to obtain PUSPAKOM roadworthiness certification, or failed to get transfer of ownership due to whatsoever reason.
  9. For vehicles sold as SCRAP or determined later to be SCRAP by PUSPAKOM or JPJ, Liberty Insurance Berhad will not provide transfer of ownership documentation.
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