"Sales of supplies, equipment or other property declared surplus or unserviceable shall be based on competitive bidding, unless the relevant Property Survey Board:

	a.		Estimates that the sales value is less than an amount to be specified by the Under-Secretary-General, Department of Management (USG/DM);
	b.		Considers that the exchange of property in partial or full payment for replacement equipment or supplies is in the best interest of the Organisation;
	c.		Deems it appropriate to transfer surplus property from one project or operation for use in another and determines the fair market value at which the transfer(s) shall be effected;
	d.		Determines that the destruction of the surplus or unserviceable material will be more economical or is required by law or by the nature of the property;
	e.		Determines that the interests of the United Nations will be served through the disposal of the property by gift or sale at a nominal price to an intergovernmental organisation, a Government or governmental agency or some other non-profit organisation".

Such sale shall be on the basis of payments on or before delivery to the purchaser, except as otherwise provided for in Financial Rules 105.22 and 105.23.