B2B platform revitalizing underutilized chemical inventories.
ChemSmog

FAQ

Auctions

Why did ChemSmog initiate an electronic Auction House

We have created the electronic auction house with the intent to sell fixed lots or equipment through competitive bidding, providing fair market value. This enables a buyer to determine their personal market value for a specific unit. Auctions eliminate long negotiation periods and focus on timely purchasing.

How can you participate?

Depending on the type of auction initiated by the seller, an interested buyer may bid according to a scaling process. Since our aim is to sell different types of lots, we have decided to install a incremental percentage based bidding system, in which the bidder can select 5, 10 or 20% instalments.

It is our main goal to facilitate deal closure and prevent potential disposal of goods, therefore, if an auction falls silent before the expiration date, we will connect with the seller and verify if their intent is to continue or to nominate the highest bidder as winner.