Takaful International Company and Copart Bahrain, a company specialising in electronic automotive auction sale, have signed an agreement to regulate the sale of damaged cars from traffic accidents through an auction.

The agreement was signed at Takaful International headquarters in Seef district by Takaful International chief executive Younis Jamal and Copart for Middle East and Africa chief executive Carlos Sabugueiro, said a report in the Gulf Daily News (GDN), our sister publication.

The agreement aims at ensuring full regulation of the sale of damaged vehicles after reimbursing the insured client.

A mechanism would provide fair and transparent sales review of the applicant’s bids in the auction process and guarantee professional independence in the implementation of the sales operation. - TradeArabia News Service