1. REGISTRATION:
All prospective buyers MUST
register in order to bid at the
auction. Each bidder shall be
required to possess a certified
check drawn payable to themselves in
the amount of $25,000.00.
2. PURCHASE AGREEMENT:
The successful buyer shall sign a
Vessel Purchase Contract and
Receipt and endorse the certified
check to a Trust Account. This
amount plus the difference, up to
10% of the total contract price, is
payable by personal/company check
and credited toward the total
contract price. If for any reason,
the buyer(s) are unable to complete
the transaction, the Earnest Money
will be forfeited. Final settlement
shall be on or before August 31,
2007.
3. INSPECTION:
Previewing and inspection is
ESSENTIAL. The vessel is being
sold “AS IS – WHERE IS”.
4. SELLER’S & AUCTIONEER’S
DISCLAIMER:
All announcements made by the
auctioneer shall take precedence
over any previously written material
or oral statements made by
auctioneer. Conduct of the
auction, increments of the bidding,
duration of the auction and
decisions as to the high bidder will
be at the sole discretion of the
auctioneer. ALL information is
subject to the inspection and
verification by all parties relying
on it. NO GUARANTEE, WARRANTY OR REPRESENTATION,
EXPRESSED OR IMPLIED IS GIVEN ON THE
INFORMATION CONTAINED IN THE
BROCHURE OR DUE DILIGENCE
INFORMATION. The Seller and their
agents expressly disclaim any and
all liabilities, which may be based
on such information, errors therein
or omissions therefrom. ONLY such
representation and warranties as may
be set forth in a definitive Vessel
Purchase Contract between Seller and
Buyer shall have any legal effect.
Seller reserves the right of prior
disposal of the vessel.
5. BUYER PREMIUM:
A ten (10%) fee will be added to the
successful high bid. The Buyer
Premium is refundable if SELLER
cannot deliver clear and marketable
title to the vessel, at close of
escrow through no fault of the
Buyer.
6. ABSENTEE BIDS:
Individuals unable to attend the
auction must complete an Absentee Bid
Form, authorizing the auctioneer to
bid on their behalf, up to a
specific amount.
7. BROKER PARTICIPATION:
Boat Brokers are encouraged to
participate in the Auction process
and register their respective
clients. Contract the Auctioneer
for Registration Forms. NO oral
registrations will be accepted!