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       Open-bidding for Category E COE starts today   (cont'd)

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Enquiries

  - Check the status of your bid or the Current COE Price through Citibank's Internet Banking facility, the phone banking facilities of Citibank and OCBC Bank, LTA Open Bidding Phone System or at the LTA Open Bidding Website.

  - Non-bidders can refer to the Teletext and the One Motoring website for the Current COE Price.

Revising Your Bids

  - You may revise your bids through all the six channels.

  - There is no limit to the number of times you may revise your reserve price. You may want to submit the maximum amount that you are willing to pay for your COE as your reserve price, so that you do not need to revise your reserve price frequently.

  - You may only revise your reserve price upwards.

  - There is no need to adjust your bid deposit when you revise your reserve price. Please not that an administration fee of S$2 will be charged for each bid revision. If you are using the LTA Open Bidding Phone System or Open Bidding website, the fee will be deducted from your bid deposit posted with LTA (for unsuccessful bidders). For successful bidders, the fee will be payable at the point of transfer or use of the COE, whichever is earlier. If you are using the banks' access channels, the S$2 administration fee will be deducted from your bank account.

Submit Your Bids Early

  - Bidding starts today! You can bid for a Cat E COE using the Open Bidding System from 9am today till 4pm on Wednesday 20 Jun 2001. You are advised to submit your bid early.

    While the system is designed to handle large number of bids, transmission of bid data through the system could be delayed by external factors like heavy traffic on the Internet.

  The system will only process submitted bids or reserve price revisions that reach the COE's processing system before the closing time.

HOTLINE NUMBERS

LTA                    - 1800 - 743 5003

Citicorp, N.A.      - 1800 - 225 5225

DBS Bank          - 1800 - 327 2265

                         - 1800 - 111 1111 (from July onwards)

OCBC Bank       - 1800 - 363 3333

Source: Land Transport Authority

 

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