Purchasers must pay sales tax at the applicable rate in their respective states. IMPORTANT INFORMATION REGARDING SALES TAX Ohio Law requires National to transfer title (not USCG documentation) directly to Ohio residents only, a $150 fee is charged for this service. Buyers that are interested in this service can contact National’s title department for details, including charges. National Liquidators can process transfer of title or documentation to Buyer an additional fee. The required $399.00 administrative fee covers National’s efforts to obtain titling and documentation information from the Seller it does not include transfer of title or documentation to Buyer. National Liquidators are acting as a broker only and issues as to title, documentation and registration are between the Buyer and the Seller, owner or lien holder. National Liquidators makes no guarantees, representations or warranties as to title or the ability to document or register the vessel. NOTICE REGARDING TITLING OR US COAST GUARD DOCUMENTATION Standard storage rates apply refer to for currentrates.Īll vessels are sold AS IS, WHERE IS, with no warranties or representations, express or implied, as to condition or fitness for a particular purpose. Storage charges will accrue on ALL purchased vessels until each is removed from National’s storage facility. In these instances, the vessel will be placed back into the auction cycle.Īfter funding the total offer price, Successful Bidder must remove the purchased vessel from National’s storage facility within two business days or make storage arrangements with National. Successful Bidder’s failure to fund the total offer price within 5 business days after notice of acceptance will result in forfeiture of any deposits. In any case, any remaining amounts due must be deposited into National Liquidators escrow account, within 5 business days after notification of acceptance of an offer (either verbal or electronic). Upon notification of acceptance of an offer (either verbal or electronic), successful Bidder has 5 business days to complete any and all conditions listed above in the “Conditions Of Offer”. Upon notification of acceptance of an offer (either verbal or electronic), successful Bidder has 1 business day to deposit into National Liquidators escrow account, the greater of 10% of Gross Offer or $1,000. Responses typically occur within 48 hours, no response constitutes a rejection of theoffer. The Seller, at its sole option, may accept or reject with or without a counter offer. The high offer on a particular vessel is submitted to the Seller for consideration the following business day. In the event a particular Monday is a Federal Holiday, the deadline is extended an additional 24 hours. Offers are accumulated weekly through each Monday at 4:00 PM ET.
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