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Entry Form - RTR

ENTRY FORM CLOSING DATE: 26th AUGUST 2024
The CRS Sale will be held at Hollywoodbets Kenilworth Racecourse

PLEASE COMPLETE THIS FORM IN FULL AND RETURN:
EMAIL: ann@caperacing.co.za
CONTACT: Justin Vermaak (0726237994) OR Ann Dalton (082 550 4700)

ENTRY FEE TO BE PAID BY EFT TO:
CAPE RACING EQUINE (PTY) LTD

NEW ACCOUNT DETAILS:
BRANCH NAME: RMB CORPORATE BANKING
ACCOUNT NAME: CAPE RACING EQUINE (PTY) LTD
ACCOUNT NO.: 63053589207
BRANCH CODE: 255005
SWIFT CODE: FIRNZAJJ

REFERENCE: CR2R2023 AND YOUR STUD NAME
EMAIL PROOF TO: ann@caperacing.co.za

Section 1 - Vendor Details

(see Section 2 for catalogue listing information)

Section 2

1. METHOD OF CATALOGUE LISTING

List the details as they should appear in the catalogue vendor index (if different from Section 1):

2. SALES PROCEEDS AND CESSION OF RIGHTS

Guaranteed payment of sales proceeds will be made to vendors 45 days after the sale.

The vendor agrees that Cape Racing Sales shall only pay sale proceeds directly into the nominated bank account listed below. If acting as agent for a third party, a separate entry form is to be completed, otherwise the vendor undertakes to account to the registered owner directly. The vendor hereby cedes, makes over and transfers to Cape Racing Sales all of its rights, title and interest as seller against the buyer in respect of the sale of the horse(s) entered and sold under the conditions of sale of Cape Racing Sales. This cession by the vendor includes but is not limited to the right of Cape Racing Sales to institute legal proceedings and to recover in its own name the purchase consideration(s) and related costs and expenses of such horse(s) sold from the relevant buyer(s).

CAPE RACING READY TO RUN AND UNBROKEN TWO YEAR OLD SALE

27TH OCTOBER 2024

Nominations to be returned no later than the 26th August 2024.

Please note that entries will not be accepted without full payment.

CAPE RACING (CR) - CONDITIONS OF NOMINATION

NOTES

  • Nominations close on 26th August 2024.
  • Only horses registered in the General Stud Book of South Africa at the time of the sale will be auctioned.
  • Unregistered horses may be refused access to the sales venue.
  • CRS reserves the right not to accept entries from any vendor who, for whatever reason, is indebted to it.
  • This form must be signed and completed as directed and emailed to sales@caperacing.co.za by 26th August 2024.
  • CRS reserves the right to change conditions pertaining to the sale.
  • Vendors are advised that professional conformation photographs and walking videos of each lot are a condition entry of the sale. Cost is to the vendor.

 

1. GENERAL

1.1.  The Vendor is responsible for ensuring that all horses entered are fit for sale and are delivered to the sale venue free from contagious and infectious diseases.

1.2.  The Vendor must deliver NHRA Regulation Passports to the CR Sales Office on arrival at the sales venue. It is an express condition of entry that all horses are vaccinated in accordance with the rules of the NHRA of South Africa. (In this regard special mention is made of A.H.S. and Equine flu.).

1.3.  CRS, in conjunction with the selection, inspection and scrseening panels, reserves the right to:
1.3.1. accept or reject any nomination.
1.3.2. reject any horse that was previously accepted for the sale.

1.4.  CRS shall be entitled to deduct from the proceeds of the horses hereby entered any amount which may be due to it by any party for whom the vendor acts or has acted as agent.

1.5.  All horses will be re-inspected at the discretion of CRS upon arrival at the sales grounds. CRS retains the right to remove any horse from the sale should it be deemed necessary for whatever reason.

1.6.  The vendor declares that he/she/it is the registered owner of all horses sought to be entered hereunder and if not, he/she/ It is acting on behalf of the registered owner(s) of all horses thus entered. In the latter instance the name of the registered owner(s) is 

2. ENTRY FEES

2.1  ACCEPTANCE FEE
An acceptance fee of R3,000 + VAT is payable for each lot which is catalogued.

2.3  SALES LEVY
A sales levy will be charged at the rate of 5% (excl. VAT) on the selling price for each lot sold. In the case of a horse not sold in the ring, the sales levy of 5% (excl. VAT) will be payable on the reserve price, should CRS decide to accept reserve prices. In the event of no bid, the sales levy of R1,000 (excl. VAT) will be payable.

2.4 BUYER’S LEVY
A compulsory RACECAPE INCENTIVE, buyer’s levy of 2% applies.

2.5 RACE LEVY
A Cape Racing bonus levy of R5,000 applies to buyer. The CRS bonus is a juvenile bonus incentive for all graduates. Bonuses of R100,000 will be paid for the first juvenile win of ANY race, and this will be payable not only in Juvenile races, but with wider reach to include open Maiden races won by juveniles. R75,000 will be paid to the winning owner and R25,000 to the winning vendor. The vendor bonus will be paid out to the vendor from the first Cape Racing Sales auction from which the horse was sold. Bonuses are limited to the first 40 juvenile winners .

2.6 INTEREST
Interest will be charged at 2% per month on late payments.

3. PENALTY LEVY ON WITHDRAWAL
If a horse is withdrawn from the sale, for any reason whatsoever, except if a veterinary certificate certifying that the horse is unfit for sale due to injury or illness is produced, the vendor undertakes to pay CRS the levy calculated on the average price of all lots sold at the sale. Such veterinary certificates must be lodged with the auctioneer or CRS prior to commencement of the sale. A certificate lodged after the close of the sale, will not be considered and all levies will in such event become due and payable.

4. PEDIGREE COMPILATION
All pedigrees will be compiled by the Auctioneers and the cost thereof is included in the entry fee. Vendors must examine the pedigrees of their entries submitted to them and report any corrections/inaccuracies to CRS not later than 6th September 2024.

5. MINIMUM PRICE
The minimum price which will be accepted for any horse in the sales ring is R15,000.

NOTE: The provisions hereof are supplementary and subject to the terms and conditions of the sale contained in the catalogue that will be published prior to the sale. Entries are accordingly submitted on that basis.