Dear customers!
To make our cooperation clear, transparent and mutually beneficial, we inform you about the Rules for participation in auctions held by PJSC “MC “Ukrnaftoburinnya” (hereinafter UNB auctions).
Key terms of UNB auctions:
Bid is a price offer for the purchase of the Goods.
Starting bid is the bid specified in the tender offer for participation in the auction. The goods are gas condensate, light hydrocarbon gas condensate, oil.
Bid volume is the maximum amount of Goods that the Buyer is ready to purchase at the bid price.
To participate in the auction, it is necessary to submit an Application for participation. There must be the starting bid and bid volume indicated in the application.
The starting bid, and all further accepted bids, is your commercial proposal (offer) with the obligations to be fulfilled.
It is possible to join the auction at any time within the auction period by submitting an Application.
During the auction, the participant can take the following actions:
- accept the offered bids in order to purchase the required volume;
- while accepting the bids, to change the bid volume;
- not to accept the offered bid, so the Starting Bid will be the "Final Bid".
If the participant doesn’t set a "Final Bid" during the auction, the last supported Bid is accepted as the "Final Bid".
After "Final Bid" is declared, the participant may not respond to the following bids.
Before the end of the auction, the participant can review his "Final bid". In this case, he must untick in "Final bid" and save the current Auction bid.
The auction participant cannot refuse to purchase the Goods (to conclude a contract) on the terms "Final bid".
Since the application is a price offer that does not include the volume at this bid price, the Buyer, by participating in the auction, undertakes to purchase the volume offered by the Seller at the "Final bid" price. This volume may be less than or equal to the Volume at the "Final Bid".
Refusal to conclude a contract at the "Final bid" is a violation of the Rules for participation in auctions, which entails cancelling the access to UNB auctions for a period of 1 to 3 months.
The bid increment and frequency of bids are determined by the site administrator and may change during the auction.