AUGUST 5 - AUGUST 26, 2015 ONLINE WEBCAST AUCTION - TERMS AND CONDITIONS
This auction will open at 1:00 PM est on 8/5/15 and close for final bid webcast on 8/26/15 at 10:00 AM est
BIDDING PARTICIPATION 101:
1 - Click on the Register to Bid Button Below
2 - Agree to the Terms of the Auction
3 - After Submitting Registration click on View Catalog to place your bids
4 - If you cannot join the online auction on August 26th, leave your highest Bid and the system will bid for you to that max bid amount
5 - Lots are located in multiple locations. See each lot for location description
Enjoy bidding from the comfort of your Office, Home or on your Mobile Device.
Items Located in Multiple Locations- Location is Listed in Each Lot Description
**Payments: Cash, Checks or Money Order payment can only be made at the Compass Main Office located at 901 Cherokee Blvd, Chattanooga, TN 37405
**Credit Cards will be processed 48 hours after invoicing unless you contact our office to make other arrangements email: email@example.com or call 423-702-6180
** - Payments cannot be accepted during pickup or at the item locations.****
1. Item Pickup Scheduling is set by Appt. only - Scheduling is Required
2. Pickup Times will be scheduled Monday - Friday 8-3 EDT. - Weekend Pickup is not available
3. Pickup instructions will be included at the time of payment
4. Items are located in multiple areas
TERMS AND CONDITIONS:
Buyers Premium: 10%
Sales Tax : All Tax Exempt
Participation Requirements: Valid Credit Card Authentication and approval by auction company is required for bidding registration.
NOTE: Removal Dates & Times: All items must be picked up by
September 4, 2015 or will be forfeited. Times between 8:00am-3:00pm est M-F by appointment only.
*If buyer has any questions in regards to location contact the Compass office 423-702-6180.
NOTICE: Payment Options: **PAYMENT BY CASH OR CHECK CAN ONLY BE ACCEPTED AT OUR MAIN OFFICE LOCATION @ 901 Cherokee Blvd. Chattanooga, TN. 37405 - Credit Cards will be processed 48 hours after invoicing unless other arrangements are made with the office - email firstname.lastname@example.org or 423-702-6180
We accept - Cash (in our office), Visa, MasterCard, American Express, is a 3% additional charge, and Bank Wire Transfer ($18.00 domestic) ($34.00 International), checks ( in our office) accepted only with a Bank letter of Credit with the following information included:
1) All Internet Buyers wishing to pay by check must provide a Bank Letter of Guarantee. All letters must be faxed to 423-702-6179 or emailed to email@example.com.
The letter must state and represent as follows:
"Mr. (Customer Name) is a customer in good standing at our bank. We will guarantee the payment of checks on his/hers account (Account Number) up to (specify amount) dollars for
purchase at your auction in (Auction Location) on (Auction Date). We hereby agree that no stop payment will be issued in conjunction with this letter."
Payment Instructions: -All purchases must be paid for day of auction unless arrangements/agreements have been made PRIOR to auction.
Wire Transfer, Visa, or Master Card, Amex accepted; a 3% administration fee will apply to all credit card purchases.
ALL Payment MUST be received within 48 hours of auction regardless or scheduled pickup or transport times. Compass Auctions reserves the right to charge any additional fees associated with pursuing the collection process for any outstanding and nonpayment invoices.
WIRE TRANSFER INFORMATION INTERNATIONAL & DOMESTIC: Please contact Compass Auctions & Real Estate for information on wire transfers. The information will be in emails sent to online winning bidders. There is a $18.00 basic wire transfer fee for domestic, $34.00 for international. This amount must be included with the bank wire transfer otherwise the credit card on file will be charged the appropriate amount. Auction company reserves the right to hold items until final payment has been processed in its entirety.
Currency Type: USD
Shipping/Pick Up Instructions: Buyers are responsible for all shipping arrangements, valid sales tax requirements, exporting requirements/fees. Removal from auction location on day of auction, or within 7 business days. All items must be paid in full prior to removal. Storage fees may apply after 14 days. Compass Auctions, nor any consignor, will not be responsible for transport. All items become the property of the buyer at time sold and buyer will take full responsibility of items, Compass Auctions nor consignor, is not responsible for damages incurred due to loading and unloading, or during shipment of items, all items are sold as is, where is. Compass Auctions nor consignor will in no way be responsible for any damages or injuries in anyway while providing a lift and/or loading services, the lift and loading is provided as a service to the buyers where available and buyer will release and hold harmless any injuries or damages to property that may occur due to the use of the lift and loading service. Removal is fully at the buyers expense and responsibility. Packaging, Shipping, and all transportation is the responsibility of buyer. Compass Auctions nor consignor in no way will be liable for any damage in loading or shipping. In the event that Bidder does not make arrangements and/or pay for shipping, or have items removed in the allotted time disclosed, Bidder shall have no claim against Compass Auction nor consignor, and buyer will forfeit the merchandise with no refunds. All items must be removed by 7/3/2015.
Compass Auctions can provide basic pallet wrapping for a charge of $75.00 per pallet, Compass will not assume any responsibility for damage from transport or for any reason, Compass provides this as a service only to assist buyers. Buyer will otherwise be fully responsible for all packaging, shipping & removal of items.
Location: Items are located at multiple sites - see item description or contact Compass office for details.
Checkout Date & Times: Please see above info: if special arrangements are needed please contact the auction company. 423-702-6180 or firstname.lastname@example.org
Special Terms & Conditions: -This property is being sold "AS IS", "WHERE IS", NO REFUNDS or EXCHANGES. NO credit card charge backs. ALL SALES ARE FINAL. There are no guarantees or warranties expressed or implied. Statements, conditions, or descriptions, accurate weights or measures, on or about items in the auction are provided in good faith and are only matters of opinion. The Auctioneer and Seller disclaim all warranties, expressed or implied, about the merchantability of the items and their fitness for a particular purpose. Items offered may or may not be sold as described and/or photographed in this brochure. Buyer/rigger is responsible for all waste/oil/substance in the removal of assets, along with all spills that may occur during the removal process. All sales are made "As Is, Where Is" and Buyer acknowledges having inspected the property whether in person or online and to be satisfied with same prior to bidding. Buyer is solely relying upon its own expertise in choosing to make any purchase. Compass Auctions & Real Estate and Seller assume no liability for any environmental issues in the assets being sold. Compass Auctions & Real Estate,llc and seller makes no warranties or guarantees of any sort regarding any environmental issues and assume no liability of any sort if any ever do exist. All counts of items are approximate. All information provided by the seller is believed to be correct, but not guaranteed by Compass Auctions & Real Estate llc. All announcements made by Auctioneer at/or during the auction will take precedence over previous printed materials, web site, or any other statements or descriptions made. A 13% Buyer`s Premium will be added to all purchases; a 3% administrative fee will apply to all credit card purchases. If you do not currently have the funds to pay for your purchases DO NOT BID. Feel free to contact Compass Auctions & Real Estate at email@example.com or 423-702-6180 with any questions about the auction or the items in the auction.-SALES TAX WILL BE CHARGED on all purchases unless otherwise stated in the above section. By registering to bid, buyer agrees and adheres to all terms and conditions of this auction.
On-Line Bidding Terms: -A 10% Buyers Premium will apply -A bank wire transfer fee of $18.00 for domestic $34.00 for international will be added to all bank wired funds. -Compass Auctions & Real Estate has strived to accurately prepare and describe all items in this catalog. All items are sold "AS IS" or "WHERE IS". It is solely the bidder's responsibility to determine the exact condition and approximate count of each item that he or she bids on. -It is the responsibility of the Bidder to attend the auction preview, or schedule an independent preview to satisfy themselves as to the age, condition, value, count, or any other determining factors of the items. Compass Auctions has attempted to provide the correct item description and/or pictures however any errors or omissions in any provided format, description, or picture, does not affect/or void the sale in anyway, all items are sold as is where is and all sales are final. Compass Auctions & Real Estate will NOT be responsible for any errors and/or omissions in the description, and/or pictures of the items. Bidder agrees that under no circumstances whatsoever will Compass or consignors ever be liable to any bidder for an amount greater than the purchase price of the item they purchased and only when in agreement that statement materially and intentionally was incorrect. Statements, conditions, or descriptions on or about items in the auction are provided in good faith and are only matters of opinion and are approximation. Any dismantling of items is prohibited on the auction site or any consignor property. Under NO circumstances shall the Bidder have any claim against Compass Auctions & Real Estate or consignor in the event of any technical issues. Bidder is bidding on item information only. Pictures of items are provided as a reference only and may not always display accurately with correct lot or context. If buyer has a question in regards to lot information contact our office prior to bidding. Even though an item may display as "sold" on the internet, no sales are final until they are certified by Compass Auctions and Bidder receives an invoice with good payment. This auction company has requested and been granted access to see all bids placed including any maximum pre-bids. This auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder. The bids are advanced at pre-set increments available on the bidding web page. From time to time Compass Auctions may accept items with undisclosed reserve prices. The seller and Compass Auctions reserve the right to bid on behalf of the seller on items on which there may be a reserve. Compass Auctions may reject or cancel any bid for any reason. The record of the auction made by Compass Auctions shall be conclusive. This is a Public Auction and as such, all qualified bidders may bid including Compass Auctions owners, family members and employees and any consignor company, group members or employees.-Compass will not be responsible for any missed bids from any source. -By bidding on any item in the auction the registered bidder has accepted the terms and conditions of the auction and acknowledges that this is a legally binding contract. -If you win an item in the auction you will be notified by email within 48 hours. All items will be charged to the credit card on file within 48 hours after billing unless other arrangements are made PRIOR to the online auction start time. The initial invoice you receive after the auction close will be used for billing, any additional fees or charges may be sent in a separate invoice and charged to the credit card on file. -All accounts will be settled at the conclusion of the auction or within 72 hours with prior approval. We accept Cash, Visa, MasterCard, American Express and Bank wire transfers (within 48 hours of auction close ) as determined by the auction payment terms listed. Checks must be Pre-Approved by Compass Auctions & Real Estate. -
Compass Auctions & Real Estate reserves the right to withdraw or re-catalog items in the auction as needed. All announcements made day of auction or posted as an update in the terms & conditions will take precedents over any and all written, verbal or electronic statements, Auction Company reserves the right to update terms and conditions at any time without notice. Registration: -Online bidding will be conducted with Bidopia -Internet Bidders are required to register with Bidopia and receive an Auction Registration Bidder Number. Compass Auctions & Real Estate is providing Internet Auction bidding as a service.
We will not be held responsible for any issues with technology, Auction, or Live Bidding over the internet. - Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours prior to the beginning of the auction. -By bidding on any item in the auction the registered bidder has accepted the terms of the auction.
Compass Auctions & Real Estate reserves the right to refuse service or decline registration to any person or persons. -A winning bid is a legal binding contract to buy and provide good funds. Title to the merchandise transfers to Bidder, only when Bidder`s payment is honored. No items will be removed without final payment received. Auction Company reserves the right to hold items until payment can be
finalized in its entirety.
Packaging & Shipping: -The Buyer is ultimately responsible for all removal, packaging, shipping, and insurance costs. Compass Auctions and consignors in no way will be liable for any damage in loading or shipping. In the event that Bidder does not make arrangements and/or pay for shipping, or have items removed in the allotted time disclosed, Bidder shall have no claim against Compass Auction or consignors and will forfeit the merchandise with no refunds or recourse.
If you plan to register a titled vehicle in an area that requires an emission or other test, emissions or other tests are not guaranteed and it is sold AS-IS unless stated otherwise in the item description. All titled vehicles are sold AS-IS TOW AWAY in regards to emissions tests. Emission tests are not provided unless it is stated in the item description. If an emission test is provided, it is only valid in the area for which it was issued. It is the buyer`s sole responsibility to determine if a titled vehicle is legal and able to be registered where buyer lives.
EXPORT. Buyer agrees to comply with applicable export control laws and regulations of the United States (including, without limitation, 15 C.F.R. Parts 730, 736, 738, 744, or 774, and 10 C.F.R. Parts 810.7 and 810.8). Buyer agrees not to export, directly or indirectly, any property or items purchased hereunder to:A. Cuba, Iran, North Korea, Sudan, or Syria;B. any person or entity listed on any United States government denial list, including but not limited to, the United States Department of Commerce Denied Persons, Entities, and Unverified Lists; The United States Department of Treasury Specially Designated Nationals List; and the United States Department of State Debarred List; and C. any entity Buyer knows, or should know, will export the items or property purchased hereunder in violation of applicable export control laws and regulations of the United States.
Domestic customers: All property is sold F. O. B. Origin/Collect (unless otherwise noted); which for the purposes of this agreement are defined as follows: customer is responsible for all transport arrangements and payment, transference of ownership is established to the buyer at the point of origin when loaded upon the buyers appointed conveyance.
Export shipments: Non-domestic customers- All property is sold Incoterms Ex-Works-Origin. Buyer shall arrange and bear all customs taxes and charges and arrange for the loading of the purchased goods. Buyer agrees to comply with all applicable United States export laws and regulations. Compass Auctions is not the originator nor responsible for any fees or taxes.
INJURY AND DAMAGE:
Bidder acknowledges responsibility for any personal injury or property damage caused by themselves or his or her agent, and further agrees to hold the auctioneers Compass Auctions & Real Estate and consignors harmless from any personal injury to himself or his agents and any property damage incurred on auction/consignor premises, and releases Compass Auctions & Real Estate and clients from any liability due to any damage or injury.
The auctioneers Compass Auctions & Real Estate are acting as the sellers agents.
Auctioneer shall designate the winning bidder after each item is auctioned. If a dispute arises between two or more bidders, the Auctioneers reserve the right to reopen the bidding. The auctioneer's designation of a buyer shall be final.
Any and all disputes that require litigation shall be administered and shall be enforced and brought in The State of Tennessee, Hamilton County, and governed by the laws of the State of Tennessee. Compass Auctions & Real Estate reserves the right to select the venue for the litigation proceedings whether by arbitration or litigation. Compass Auctions reserves the right to receive compensation of and all legal fees, collection fees and any other charges incurred by Compass Auctions & Real Estate as a result of any legal action.
BY REGISTERING, BIDDING, AND/OR ATTENDING THIS AUCTION YOU AGREE TO ALL TERMS & CONDITIONS AS ACKNOWLEDGED AND SET FORTH BY COMPASS AUCTIONS & REAL ESTATE
FOR FURTHER INFORMATON PLEASE CONTACT COMPASS AUCTIONS & REAL ESTATE
423-702-6180 OR firstname.lastname@example.org