GUIDELINES FOR BUYERS
Why would local stove distributors and retailers ("Buyers") want to participate in The Stove Auction?
(1) The Stove Auction provides on a frequent basis a range of high quality stove technologies that can be purchased in small to large quantities at competitive prices; (2) The Stove Auction provides a cash incentive to Buyers for each stove they sell to an end-consumer which can later be verified by a third-party auditor.
What kind of auction is The Stove Auction?
The Stove Auction is considered a "multi-unit ascending pay-as-bid" auction:
Are there fees for buying stoves at The Stove Auction?
The Stove Auction chargers a Buyer's Premium and VAT in addition to the winning bid amount ("Hammer Price"). For the latest Buyer's Premium fee and VAT schedule per location, see Buyer's Premium Schedule.
For illustrative purposes, the Buyer's Premium is 5% and the VAT is 10% and the winning bid amount for one stove is US$30.00. The Buyer's Premium equates to US$1.50. The VAT is charged to the total of the winning bid amount and Buyer's Premium, so in this case 10% VAT multiplied by $31.50 (winning bid + Buyer's Premium) equaling US$3.15. Therefore, the total amount that the Buyer will need to pay for that one stove is US$34.65.
What types of stoves will be sold at The Stove Auction?
First, stoves must be considered a “gasifier” stove, either natural draft or fan/forced-air. This is defined as:
"Gasifier stoves force the gases and smoke that result from incomplete combustion of biomass fuels back into the cookstove's flame, until almost complete combustion has occurred, resulting in very few if any emissions. Gasifier stoves are also known as Top Lit Updraft (TLUD) stoves because some fuel is lit from the top of the stove, which forces combustible gases to pass through the flame. Gasifier stoves can also include a fan, to improve mixing of flame, gas, and smoke and to reduce emissions." Global Alliance for Clean Cookstoves website.
Stoves must meet certain International Workshop Agreement (IWA) Tiers of Performance; however the key determinant for pre-qualification is fuel savings based on controlled cooking tests (CCTs) conducted by SNV Netherlands Development Organisation in each of the three countries. Stoves would be compared to the most prominent baseline stoves in each country context. Please see Stove Eligibility & Testing Criteria for further information.
NOTICE TO BIDDERS [ENGLISH / KHMER]
CONTRACT FOR SALE OF GOODS [ENGLISH / KHMER]
BUYER'S AGREEMENT [ENGLISH / KHMER]
BUYER'S PREMIUM SCHEDULE [ENGLISH / KHMER]
GLOSSARY OF TERMS [ENGLISH / KHMER]
How can I find out what specific stove models will be for sale?
Prospective Buyers can (1) browse our on-line catalogue on http://thestoveauction.com from your computer or mobile device to view the specific stove models available for auction. Each specific stove model and its available quantity at the auction is referred to as a "Lot"; (2) visit our pre-sale exhibitions at The Stove Auction warehouses. The visiting times can be found on http://thestoveauction.com; and (3) register to receive e-mail or SMS alerts so that you never miss an auction.
How do I register to bid?
Prospective Buyers can register in person or on-line on a rolling basis. It is estimated to take one week to register and create an account for each Buyer before they can start participating in the auctions. Register in Person: You can register in person at the The Stove Auction warehouse during office hours by completing the registration form and providing a government-issued proof of identity such as a driver’s license or passport. Register On-line: You can also register on The Stove Auction website by selecting Buyer's Registration Form from the homepage. You would need to select the location of the auction you want to participate. A scan of your government-issued proof or identity is required to be submitted on-line to complete the on-line application process.
How do I place a bid?
Currently, the only way to place a bid is via SMS messaging. Once registered, you will be notified via email or SMS of upcoming auctions and the stoves and volumes that will be available. You will also be notified of the start and end time of the auction. During that window of time, you can SMS you’re bid amount and volume of stoves you want for each specific stove model available at that auction. You are only allowed one bid per auction.
How do I pay for my purchase?
Successful bidders can pay immediately after buying, on the day of the auction; otherwise The Stove Auction team will send you an invoice based on your registration contact information. The final amount due will include the hammer price, the buyer’s premium, and any local taxes.
You can pay by bank transfer, cheque or cash. Payment must be sent from the invoiced party and not from a third party. See our Conditions of Business for the full details.
How will I receive my property?
The portion of the Lot that you have won will be released to you or your authorized representatives when full and cleared payment, including any applicable taxes has been received by The Stove Auction, together with settlement of any applicable storage charges.
It is The Stove Auction’s policy to request proof of identity on collection of a lot. If the registered Buyer wishes to appoint a third party to collect any property on their behalf, they must provide one of the following documents to The Stove Auction prior to release:
The Stove Auction team can also arrange third party domestic shipping to the delivery address you listed when you registered for the auction. The Stove Auction team will send you a shipping quote for your approval. The quote will include an administrative fee for The Stove Auction’s own account of 10% of the shipping quote or a minimum of US$50.00 per shipment.
Liability for Loss or Damage:
Buyers are reminded that The Stove Auction accepts liability for loss or damage to lots for a maximum period of thirty (30) days after the date of the auction.
How much are the cash incentives and what do I need to do to receive them?
The cash incentive to Buyers is based on the performance of the stove and are categorized into Standard and Premium level categories according to the stove selection criteria.
Standard category includes stoves that achieve 10-19% fuel savings according to local controlled cooking tests (CCTs) and IWA Tier 2 or higher in total emissions, and IWA Tier 3 or higher in safety.
Premium category includes stoves that achieve 20% fuel savings or higher according to local CCTs and IWA Tier 3 or higher in total emissions, and IWA Tier 4 in safety.
Each performance factor is then multiplied by different weight factors, resulting in an overall score for each performance factor. The highest weight is given to ‘total emissions’ to push innovation on cleaner stoves.
Each point in the overall score is then priced at EUR 1.00 in year 1 and is phased downward by 20% per year.
2016: EUR 12.00
2017: EUR 9.60
2018: EUR 7.68
2016: EUR 18.00
2017: EUR 14.40
2018: EUR 11.52
In order for stove distributors to claim cash incentive payments they must submit transaction records to The Stove Auction. The key transaction records include: