Established on the concept of “one man’s trash is an another man’s treasure”, newly launched e-auction and classified listings marketplace to buy or sell salvage, scrap & idle assets is a first-of-its-kind website that enables people to sell their unwanted goods online; in a convenient and profitable manner. SalvageSpace.com provides a platform for online Forward Auctions to facilitate the transparent and efficient buying and selling of damaged, distressed, obsolete, old, rejected, abandoned, second hand or otherwise unwanted assets alongside capital equipment, cargo and merchandise. It also provides a Reverse eAuction platform for the procurement and supply of goods and services to various industries.

1. SalvageSpace.com
eAuction & Classified for Salvage, Scrap & Idle Assets
Salvage Settlers Pvt. Ltd.
RP-22, II Floor, Pitampura, Delhi-34, India
Salvage Space Commercial Brokers LLC.
408, Pace Business Center, Baniyas Square, Deira, DUBAI P.O. Box - 3345
E: info@salvagespace.com
W: www.salvagespace.com
eAuction & Classified for Salvage, Scrap & Idle Assets

2. We focus on continuously improving our
services and enhancing our turnaround time
for salvage and asset disposal. We consistently
benchmark our performance against
customer expectations, industry norms and
against our own past performance.
PRIVATE & PUBLIC AUCTIONS
Private auctions are for high value and high
demand items and are by invitation only.
Public auctions are open to all interested
parties and handle items with a low value
and/or limited demand. Details on all current
auctions are available on our website:
www.SalvageSpace.com.
CLASSIFIED LISTINGS
We provide a classified listing facility to enable
buyers and sellers of idle assets to come
together and deal directly via our website. This
broadens the market for items of salvage and
scrap, enabling sellers to realize greater value
for their idle assets and providing buyers with
a wider range of purchase opportunities.
DAILY OPERATIONAL MANAGEMENT
OF ALL eAUCTIONS
Our Services
Our comprehensive range of salvage, scrap and
asset disposal services includes:
FORWARD eAUCTION SERVICES
With our eAuction services, sellers achieve an
optimized value for idle assets and items of
salvage or scrap. We offer both private and
public auctions to more effectively handle
items of different demand and value. For both
types of auction, we are involved in ongoing
daily operational activities and facilitate the
auction process from beginning to end.
MARKET MAKING
As part of the auction process,
SalvageSpace acts as a market maker to
generate demand and participation among
potentially interested parties. The team
draws on its experience and creativity in
seeing opportunities to utilise specific types
and conditions of salvage, scrap and idle
assets in new, value-maximizing ways.
salvagespace provides customized services for specific industry
sectors. For the insurance industry, salvagespace offers the following
turnkey solution:
SITE ASSESSMENT
Identification of salvage
• Recommendations for salvage protection
• Photography of the salvage: both affected & unaffected property
• Fixing the reserve price of salvage
• Proposal of inventory protection plans
• Plan to prevent further loss of profit due to business interruption
DAMAGE EVALUATION
• Verification of the inventory
• Evaluation of the nature and extent of damage
• Segregation of the affected and unaffected stocks
• Arranging for product testing for contamination
INVENTORY PREPARATION
• Segregation of salvageable goods to prevent cross-contamination
• Arranging for necessary cleaning and display preparation
• Determining inventory disposition strategies, such as palletizing,
trucking and storage
• Estimate of salvage value
PROTECTION OF BRAND & LABELS
• Cutting and/or removal of brands and/or labels
• Salvage stamping or marking
• Destruction of property
SalvorServices

3. About Us
SalvageSpace (www.SalvageSpace.com) is an online
marketplace that helps organizations maximize recovery and
minimize loss from salvage, scrap and idle assets. These items can
be damaged, distressed, obsolete, old, rejected, abandoned, second
hand or otherwise unwanted assets, capital equipment, cargo and
merchandise. We deal in an extensive range of goods – from
agriculture and electronics, to textiles and metal – facilitating and
supporting the transformation of salvage, scrap and idle assets into
cash for organizations across the country.
Buyers and sellers come together at SalvageSpace online
marketplace and trade using our eAuction and classified listing
facilities. Sellers optimize the value of their assets and buyers
benefit from easy access to a diverse range of goods.
Formed in 2007, SalvageSpace has a strong, cohesive team of
experts with extensive experience in asset valuation, asset
disposal, information technology and marketing. With our
knowledge of salvage, scrap and asset management, we know that
trading transparency and fairness is critical to optimizing value. To
deliver this, we invest huge effort in demand generation and
market-making and we provide a robust technology platform to
support dynamic forward eAuctions and classified listings.
Our customers rely on us to promote their salvage, scrap and idle
assets in an innovative and value-maximizing way. And regardless
of where our customers are located, we provide immediate and
end-to-end support throughout the process.
How we Optimize
Value
We optimize value for our customers by building solid demand
for all salvage, scrap and idle assets that we auction online and
by following our proven eAuction process.
We immediately assess and value the items, where necessary
taking measures to minimize potential loss. We prepare terms
and conditions of sale, extensively promote the assets among
potential buyers, organize material inspections, arrange auction
demos, manage the eAuction and handle the final settlement
process.
Critical to success is market-making. By promoting items
rigorously among potential buyers across the country,
salvagespace generates a strong pool of demand for every item
at eAuction.
We work in a transparent and fair manner, ensuring all parties
have complete information on the assets and the process, so
that we optimize value for both sellers and end buyers.
BY BEING
EFFICIENT,
CREATIVE &
PROFESSIONAL,
WE DELIVER VALUE –
MAXIMIZING RECOVERY
& MINIMIZING LOSS.

4. Why SalvageSpace
VALUE OPTIMIZATION
Our process is focused on optimizing value for our customers. We
ensure assets are handled to minimize loss, are marketed widely
among potential buyers, and are traded in a fair, fast and efficient
manner.
STANDARDS-BASED SERVICES
We base our services on industry standards promoted by bodies
such as the CVC, IRDA, GIPSA and CBDT, to meet audit and statutory
requirements.
SPEED
We know that speed of response is essential to minimize loss from
damaged assets and to realize a quick transformation of assets into
cash. SalvageSpace has a team of professionals located across the
country who act promptly to bring salvage, scrap and idle assets to
a market of interested buyers.
OPTIMUM RESOURCE ALLOCATION
By handling time-consuming activities, such as buyer scouting,
promotion, negotiations, lifting and payment, we enable our
customers to focus on core business and allocate resources
optimally.
EXTENSIVE EXPERIENCE IN MARKET MAKING
Our leadership team comprises individuals with expertise in critical
performance areas: asset valuation, asset disposal, insurance
claims, information technology, market research and analysis, and
online sales. We pioneered the concept of professional asset
disposal management in India, originally evangelizing the concept
across the insurance industry. We are continuously working to
improve our processes, operations and market-making to optimize
value for our customers.
TRANSPARENCY
We promote and manage all eAuctions and listings in a transparent
and fair manner. Anyone authorized and interested in witnessing
an auction can view it as a seller or participant, once equipped with
a username and password. We also provide an auction report
detailing all bids received during an auction.
RELIABILITY
With its attention to detail and thorough professionalism,
SalvageSpace has acquired a reputation for reliability and has
grown a solid customer base. Still, we know that each auction is a
new opportunity to prove our commitment to value optimization
and we work hard to meet our customers’ expectations and keep
their loyalty.
Industries we ServeWe work with and serve a diverse set of industries, including:
TURNKEY SOLUTIONS FOR
DIVERSE INDUSTRIES
Agriculture
Building Materials
Cement
Chemical
Computer & Server
Construction Equipment
Consumer Electronics
Farming Equipment
Fertilizer
Food & Beverages
Footwear & Accessories
Glass
Grid & Transmission
Home Furnishings
Hospitality
Industrial Machinery &
Tools
Information Technology
Medical Equipment
Metal & Ore Processing
Office Equipment
Packaging
Paint & Petrochemical
Pharmaceuticals
Plastics
Ports (Materials at Ports)
Power
Publishing
Pulp & Paper
Retail
Stationery & Printing
Steel
Telecommunications
Textiles & Garments
Tobacco
Toys
Utensils

5. 01
02
03
0205
eAUCTION MANDATE
• Assess assets, as required
• Receive mandate to dispose of assets
via an eAuction
01
CATALOGUE & APPROVAL
• Create catalogue of items
• For salvage, gain Insured’s
approval
• Share T&Cs
• Invite related parties to the
eAuction
COMMISSION
• Charge and collect commission
• For private auctions, deduct commission
directly from the EMD
• For public auctions, charge the seller or
Insurer directly
06
PAYMENT & LIFTING
• Oversee the complete payment cycle,
including lifting & final settlement
• For public auctions, collect EMD from
winning bidder, before sharing results
with seller
MARKET MAKING
Begin market-making, using our comprehensive
buyer database
Arrange for inspections
For private auctions, collect the EMD
CONDUCT AUCTION
• Conduct the auction at the pre-defined time
• For private auctions, this is usually 1 hour
• For public auctions, the bidding period is usually
between 8 to 10 days.
eAuction
Process
04 03
Classified ListingsFor classified listings, the interested buyer contacts the seller
directly via the online marketplace. The two parties negotiate
directly and close the deal on agreed terms.
STEP
STEP
STEP
The seller submits a listing online to salvagespace,
together with the fee. We upload the listing on the
website, along with the seller’s terms and conditions.
Interested parties contact the seller directly online to
progress the deal. salvagespace receives a copy of the initial
communication from the prospective buyer to the seller.
The buyer and seller arrange the shipment and payment of
goods, with no involvement from salvagespace.

6. “
“
“
Customer QuotesOur Customers
I have known salvagespace for many years. The team
comprises true professionals. With their innovative methods
of selling salvage, they have changed for good the way
salvage is being dealt with in India. We have been utilising
their salvor and eAuctioning services to our best satisfaction.
Executive Vice-President
IFFCO TOKIO General Insurance Co. Ltd
I have known salvagespace since they were established in
2007. I have been utilising their services to facilitate salvage
sales PAN India. The team is very professional and they
have helped us reduce our claim liability by maximising
salvage realisations through their fair and transparent
eAuctioning services.
Claims Manager
Reliance General Insurance Company Limited
We benefit from salvagespace’ eAuction process. Their
team was thorough in its processes, quick to respond and
had new ideas to create optimum demand. The salvage
value realized always either met or exceeded expected
levels. It prompted us to rely fully on salvagespace for fast
and best salvage solutions via eAuction.
MD
Mack Insurance Surveyors & Loss Assessors Pvt. Ltd.
We have successfully enabled the disposal of assets worth
many millions of dollars for India’s public and private general
insurance companies and for major corporations in a range
of industries.
Our customers include the majority of India’s public and
private general insurance companies and organizations such
as Escorts, Bharti Infratel, Walmart, Eicher, Bajaj
Hindusthan and Sterlite Technologies, among others.
These customers have used our eAuction service to
optimally monetize salvage, scrap and idle assets - and to
ensure a fair, transparent and efficient sale.
MAJOR ACHIEVEMENTS INCLUDE:
• Realized savings of over US$250k, a 60% saving on the claim, for fire-affected
electrical items at a 5-star hotel, handling the entire process in 15 days
• Achieved an 87% recovery (compared to the original estimate of 15%) on
2,800
MT of water-damaged sugar
• Within 1 week, achieved a 14% increase in price and identified a 4,000 metre
shortfall on a claim for 52,000 meters of water-damaged fabric

7. “
“
“
Customer QuotesOur Customers
I have known salvagespace for many years. The team
comprises true professionals. With their innovative methods
of selling salvage, they have changed for good the way
salvage is being dealt with in India. We have been utilising
their salvor and eAuctioning services to our best satisfaction.
Executive Vice-President
IFFCO TOKIO General Insurance Co. Ltd
I have known salvagespace since they were established in
2007. I have been utilising their services to facilitate salvage
sales PAN India. The team is very professional and they
have helped us reduce our claim liability by maximising
salvage realisations through their fair and transparent
eAuctioning services.
Claims Manager
Reliance General Insurance Company Limited
We benefit from salvagespace’ eAuction process. Their
team was thorough in its processes, quick to respond and
had new ideas to create optimum demand. The salvage
value realized always either met or exceeded expected
levels. It prompted us to rely fully on salvagespace for fast
and best salvage solutions via eAuction.
MD
Mack Insurance Surveyors & Loss Assessors Pvt. Ltd.
We have successfully enabled the disposal of assets worth
many millions of dollars for India’s public and private general
insurance companies and for major corporations in a range
of industries.
Our customers include the majority of India’s public and
private general insurance companies and organizations such
as Escorts, Bharti Infratel, Walmart, Eicher, Bajaj
Hindusthan and Sterlite Technologies, among others.
These customers have used our eAuction service to
optimally monetize salvage, scrap and idle assets - and to
ensure a fair, transparent and efficient sale.
MAJOR ACHIEVEMENTS INCLUDE:
• Realized savings of over US$250k, a 60% saving on the claim, for fire-affected
electrical items at a 5-star hotel, handling the entire process in 15 days
• Achieved an 87% recovery (compared to the original estimate of 15%) on
2,800
MT of water-damaged sugar
• Within 1 week, achieved a 14% increase in price and identified a 4,000 metre
shortfall on a claim for 52,000 meters of water-damaged fabric