** TERMS & CONDITIONS **                   

ALASKA EQUIPMENT & FLEET AUCTIONS

 

You must acknowledge these Terms on the bottom left corner of this page, before proceeding to the Online Auction.

 

The following charges will apply on all purchases:

1.     A 10% BUYER’S PREMIUM WILL BE ADDED TO EACH ITEM PURCHASED.

2.     THERE IS A 4% SURCHARGE FOR ALL CREDIT CARD PURCHASES (ONLY VISA/MASTERCARD ACCEPTED).   MAXIMUM AMOUNT

        THAT CAN BE CHARGED TO CREDIT CARDS PER AUCTION IS $5,000.00.  CREDIT CARD MUST BE IN BIDDER'S NAME.  

 

***PLEASE NOTE***

** DUE TO SAFETY CONCERNS,NO ONE UNDER THE AGE OF 18 WILL BE ALLOWED ACCESS TO AUCTION PREMISES BEFORE, DURING OR AFTER THE AUCTION **

IF YOU HAVE REGISTERED AS A COMPANY, ALL SALES AND TITLE DOCUMENTS WILL BE COMPLETED IN YOUR COMPANY NAME.   

Lot/item descriptions and condition reports are provided for convenience and are only a guide.  Descriptions may not be accurate.  It is your responsibility to inspect all items and verify descriptions and condition before bidding.  All items are sold “as is” “where is”, and all sales are final.  The auction reserves the right to remove items from auction or skip items once the auction has begun.  Lot/item numbers may change up to the start of the auction.  It is the bidder’s responsibility to verify they are bidding on the correct lot/item.  

In these Terms and Conditions, AEF Auctions shall mean Dealers Auto Auction of Alaska, Inc. DBA: Alaska Equipment and Fleet Auctions.

PAYMENT:

All purchases made must be paid for in full by 4pm the following business day after the auction.  Approved methods of payment are: Cash, EFT, or Credit Card (Visa/MasterCard only).  Credit card must be in the bidder’s name.  Maximum amount that can be charged to credit cards per auction is $5,000.00. Maximum amount of cash accepted per auction is $5,000.00.  BUYERS FROM OUTSIDE THE UNITED STATES MUST TENDER ALL PAYMENTS VIA WIRE TRANSFER.

REMOVAL:

Purchases must be removed from the sale site within 5 business days of the auction end date. You will not be entitled to take possession or control of any lot until you have made payment in full for all lots purchased by you.  Loading will be on Monday through Friday from 9:00 AM to 4:00 PM.  Any equipment remaining on the grounds after 5 business days of the auction end date (Auction end date will be considered day 1), will be subject to storage fees.   If item(s) are not removed within 5 business days, the buyer agrees to pay a storage fee of $35 per item, per day, beginning on day 6, to AEF Auctions.  Any items not removed within 30 days from date of auction will be deemed abandoned by the buyer and will become the property of AEF Auctions.  The buyer will still be liable for the storage fee of $35 per day, per item.  Shipping arrangements and cost are the BUYER’S SOLE RESPONSIBILITY.  

Purchases become the responsibility of and shall be and remain at the risk of the Purchaser immediately upon acceptance of bid.  It shall be the responsibility of the Purchaser to insure their purchases immediately.

NOTICE – Policy for International Buyers:  All international buyers must provide a current, valid passport for identification purposes and a $10,000.00 deposit.  The deposit must be made with US funds in form of wire transfer.

There shall be no guarantees or warranties, expressed or implied, statutory or otherwise of any nature whatsoever.  There shall be no implied warranties of merchantability and fitness for a particular purpose.

AEF Auctions and its Employees act merely as agents of sellers.  All auctions are with reserve unless specifically stated otherwise.  Reserves, if any, ARE NOT disclosed.  

Bidder acknowledges the inherent dangers of an industrial auction yard. Every bidder (and their agents and employees) at the Auction site before, during and after the auction sale shall be deemed to be there at their own risk.  

AEF Auctions provides online bidding as a service to the Bidder.  Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against AEF Auctions or anyone else if the Internet service fails to work correctly before or during the live auction. AEF Auctions will not be responsible for any missed bids from any source. 

INDEMNIFICATION:  You agree to indemnify, defend and hold harmless AEF Auctions and its employees, agents, affiliates, successors, officers, directors and assigns, from and against any and all loss, liability, claim, action, cost and/or expenses (including attorney fees) resulting from, arising out of or relating to your breach of and/or failure to comply with any term, condition, restriction, representation and/or warranty set forth in this Agreement.

PAYMENT DEFAULTS:  If you fail to pay any sum when due, you agree to pay interest accruing from the due date at the rate of 18% per annum (or at the maximum rate allowed by law, whichever is less), together with any legal and/or collection costs, including attorneys' fees, incurred as a result of your non-payment and/or in connection with the collection of any sum past due.

GOVERNING LAW:  To the extent that this Agreement is construed, interpreted and/or enforced in connection with a particular Auction, it shall be construed, interpreted and/or enforced in accordance with the laws of the State in of Alaska.                                  

 

                                                                                                                                                                                                                                           Revised 10/22/20