SELLER TERMS AND CONDITIONS
Fine Jewelry, Watches, Exotic Chanel/Hermes & Classic Hermes Bags
Handbags with a resale list price of AED 10,000 and above
Handbags, jewelry, clothing with a resale list price of AED 5,000 - AED 9,999
Handbag, accessories, jewelry, shoe or clothing pieces with resale value of AED 1,000 - AED4,999
All items with resale list price from AED 0 - AED 999
*There will be an AED 25 per item processing fee that will be deducted before payments are made to you.
These terms and conditions create a contract between you and BOPF (the "Agreement"). Please read this Agreement carefully. To confirm your understanding and acceptance of the Agreement, click "Agree" or sign the Agreement. You must agree to this Agreement if you wish to consign goods through BOPF
BOPF is engaged in the marketing and sale of designer clothes, handbags, fine jewelry, accessories and shoes. Consignor owns or controls and has the right to sell certain items, described and itemized on BOPF’s online and other forms, or collected from Consignor (the "Consignor") by an employee of BOPF as part of its consignor service (collectively, the "Property"). Consignor wishes to sell that Property.
Consignor desires that the item of Property be sold on consignment by BOPF, and BOPF wishes to sell that item of Property on behalf of Consignor. This means that Consignor transfers possession but not ownership of the Property to BOPF, subject to these Consignment Terms (the "Agreement")
Therefore, in consideration of the mutual premises and covenants contained in this Agreement, the receipt and sufficiency of which is acknowledged, and expressly subject to the provisions of BOPF’s Terms of Service (see BOPF’s website at www.thebopf.com), which terms may be amended from time to time at BOPF’s sole discretion), the parties agree as follows:
2. DELIVERY OF ITEMS; RISK OF LOSS; INSURANCE
BOPF accepts the item of Property from you on a consignment basis only. If you choose to deliver the item of Property to BOPF, you are responsible for all risk of loss or damage to the Property. However, if you use BOPF’s delivery partners to have your item of Property delivered, BOPF will assume the risk of loss or damage to the Property upon shipment.
If item of Property is damaged, stolen or lost while in BOPF’s possession it will be treated as sold and you will receive the full payout (commission) that was originally agreed upon for consignment.
- CONDITION; QUALITY; EVALUATION;
BOPF will thoroughly review and inspect, in its sole discretion, the authenticity and quality of the item of Property. Please bear in mind that the price offered may be adjusted after our team receives and reviews the item of Property, you will be notified accordingly if the initial offer will be adjusted. Please note that before you send the item of Property to us, all must be cleaned/dry cleaned. Items must be in good (moderate wear), very good (light wear), excellent (new without tags) or pristine (new with tags) condition. If your item(s) does not meet our quality standards and is not in a sellable condition, your item(s) will either be (1) returned to you at your expense or (2) can be donated to charity, with your approval, confirmed in writing.
- INAUTHENTIC; COUNTERFEIT
BOPF has a very thorough authentication process. BOPF inspects every inch of every item individually; inspecting the material, stitching, hardware inside and out of every item. Furthermore, BOPF uses the world’s first and only technology-based, powered by AI, authentication tool providing 99.1% accuracy rate. Each item is checked twice and then checked again with the latest AI computer technology.
You are responsible for ensuring that all items submitted to BOPF are authentic. If BOPF cannot determine the authenticity of any item of Property offered or provided for consignment, BOPF has the right to not accept the item of Property. If at any given time BOPF determines that the item of Property is inauthentic, you will be notified. If an inauthentic item is submitted, we will charge a penalty of AED 200 per inauthentic item to cover the cost of authenticating the item.
- CONSIGNMENT PERIOD
Consignment date for an item of Property starts the date your item is listed for sale on BOPF website and the consignment period ends 120 days after that date.
- If you decide you no longer want to sell all or some of the item of Property and would like your item(s) back before the 90 days, there will be an AED 100 per item fee charged to you. The amount can be deducted from any available commission you have, otherwise the payment will be required to be made by you before BOPF returns the item(s) of Property back to you. Additionally, the cost of returning the item of Property will be borne by you.
- If BOPF is unable to make contact with you within 30 days of the initial return request, BOPF has the right to donate or dispose of the item(s). You are responsible to track shipment of returned items and to follow up with our courier partner to successfully receive the items. If you would like to request a return of your item please email email@example.com.
If the item of Property is still unsold when the 90 days is complete, you can request to have the item of Property returned back to you. Shipping fees will have to be incurred by you. Alternatively, the contract can be extended for another month only if you approve to further reduce the price of your item(s) from listed price at the time of expiry.
- PAYMENT TO SELLER
For confirmed sales, we pay 2 days after we receive funds from the payment processor or payment gateway.
Please note that a sale is considered confirmed after the return period of 3 days has elapsed. Payments are made by bank transfer or cheque only.
You will receive an email invite to fill in your bank details on our website, it is your duty to fill in the details correctly so that payments can be processed smoothly. The timing of processing and delivering payments will vary by the payment method you select however, it can take up to two-three business days. Payments for bank accounts outside of the UAE can take longer, please note that there may be a difference in the amount received due to (1) currency conversion and (2) transfer fees.
- EFFORTS TO SELL; PRICE
BOPF agrees to photograph and list the item of Property for sale on the website: www.thebopf.com according to its set guidelines. The item of Property will be marketed and promoted across BOPF’s marketing channels at its sole discretion. BOPF in its sole discretion will determine the initial selling price for the item (the "Initial Sale Price"), based on its evaluation of the item together with its determination of the current market price for each specific item. Please note that there will be a handling fee on top of the selling price when the item of Property is listed online. Please refer to consignment contract or more details.
Please note for sale or promotional periods, you will be encouraged to reduce the prices of your item(s).
Termination: Either Party may terminate this Agreement at any time, for any reason. Termination shall be effective when either Party serves written notice thereof on the other Party. Costs listed above Consignment Period and Return of Property, will apply.
- NO ASSIGNMENT
Consignor may not assign, transfer, or delegate any of its rights under this Agreement without BOPF’s prior written consent. Any prohibited assignment shall be void.
- CONSIGNOR’S REPRESENTATIONS, WARRANTIES, AND INDEMNIFICATION
Consignor hereby represents and warrants that it has good and marketable title to each item of Property and has the right to consign and sell the Property, none of which is subject to any liens or other encumbrances, and further represents and warrants that the Property does not infringe upon or violate any trademark, copyright, or other proprietary right of any third party, any law, or any administrative regulation. Consignor hereby agrees to indemnify and hold BOPF harmless from all damages, suits, litigation, awards, and costs, including but not limited to attorneys' fees and costs, as a result of or arising out of in any way BOPF display or sale of the Property for any reason whatsoever, including but not limited to civil or criminal suits over authenticity, legality, ownership, infringement of copyright or trademark, or any other claim or litigation.
If you have any questions, please contact us at firstname.lastname@example.org.
ONCE YOU AGREE TO THESE TERMS, IT WILL REMAIN IN EFFECT UNTIL YOU OR BOPF TERMINATES IT.