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Premium Membership Terms & Conditions PressRelease
  1. Membership fee is valid for one year from the date of registration.

  2. MatexNet will provide training for e-bidding on request.

  3. Members cannot claim right of participation. The final authority for participation is with the seller/buyer for forward/reverse auctions.

  4. MatexNet shall strive to provide information on auctions in good faith and intention. However MatexNet shall not be held responsible for delay / non-receipt of the auction intimation. Members in their own interest are advised to download information from the website.

  5. Members have to necessarily comply with, and strictly adhere to the terms and conditions of any auction sale as prescribed / published in the auction catalogues / website in order to be eligible for participation.

  6. Requests for refund or transfer of the Membership fee will not entertained.

  7. In the event of any dispute with regard to non-lifting / non-availability of inspected materials etc., MatexNet will not be responsible for the forfeiture of EMD or any deposits by the seller/buyer or other losses and members agree to keep MatexNet fully indemnified against any claims and proceedings.
  8. This membership does not guarantee any business. It only provides a platform for the members to bid and participate in the auctions conducted on the website.

  9. MatexNet runs its business on the basis of a robust website. MatexNet is outsourcing server space from a third party hosting company and hence shall ensure the smooth running in all good faith and intention. However, MatexNet will not be responsible for any failure of power, network, server, hosting server, Internet connectivity, ISP or otherwise, either at Bidder’s end or at MatexNet directly or indirectly affecting online method of Bidding.

  10. MatexNet takes no responsibility for the quality, quantity and/or the documentation details of the materials listed for auction sale. The Bidders agree to defend, indemnify and hold harmless MatexNet from any loss, damage, costs and expenses caused by any reason during the transactions on the website. In no event shall MatexNet be liable for any loss for the members/bidders by business, revenues, profit, costs direct and incidental, consequential or punitive damages of any claim. Members/Bidders agree to have discussed all the related matters regarding this transaction with the seller/buyer and have understood in full that MatexNet has provided a source of supply and has nothing to do any further, especially with regards to quality, warranty, guarantees, delivery schedules, payments, rejections, transportation, legal laws and regulations to be followed from time to time etc. Since MatexNet does not posses knowledge base of the materials under transaction, members/bidders agree that the matter contained in the materials as a part or as a whole does not violate any applicable law. MatexNet is only an e-commerce service provider and is not and cannot be a party to or control in any manner any transactions between the Seller/Buyer and the Bidder. MatexNet shall neither be responsible nor liable to mediate or resolve any disputes or disagreements between the Seller/Buyer and Bidder.

  11. The Members/Bidders agree to limit the liability of MatexNet to them for any and all claims, losses, costs, damages of any nature whatsoever or claims expenses from any cause or causes, including attorneys fees and costs so that the total aggregate liability of MatexNet to the member/bidder shall not exceed the annual membership fee received from the member/bidder. It is intended that this limitation apply to any and all liability or cause of action, however alleged or arising, unless otherwise prohibited by Law.


Terms & conditions as laid down by the auctioneer shall apply in addition.
Please register & login to obtain the same.