Each Auction is Different – PLEASE READ!
You may call 866-672-4806 8 am - 5pm for your Invoice Total after the auction has completed
Online auction date: Wednesday, February 27, 2013
Online auction time: 8am start- Lots begin closing at 6pm
Address: YUSEN LOGISTICS: 700 B west Loop 340, Waco, TEXAS 76712
Inspection times: Tuesday, February 26, 2013 – 9:00am – 10:00am CST
Payment: You may pay online, via phone or at our Orbitbid.com® Corporate office.
Thursday, February 28, 2013 (8am - 5pm) EST
Friday, March 1, 2013 (8am - 5pm) EST
Types of payment accepted:
Credit Card (Visa, Mastercard, Discover, AMEX)
Wire transfer (contact us for information)
ACH for Businesses with prior approval (at discretion of auction company) up to $10,000.00. Amounts exceeding this require payment by wire transfer.
Removal Times: PURCHASER IS RESPONSIBLE FOR ALL SHIPPING AND PACKAGING OF ITEMS PURCHASED
Thursday, February 28, 2013: 7 am - 2 pm CST
Friday, March 1, 2013: 7 am - 2 pm CST
Thursday, March 7, 2013: 7 am - 2 pm CST
Friday, March 8, 2013: 7 am - 2 pm CST
**IMPORTANT NOTE & REMINDER If for any reason buyers fail to remove any of buyer purchases within the time specified, the Auction Co. shall have the right but not the obligation, in its sole discretion, to resell, discard or remove and store said purchase at buyers sole risk and expense (storage costs will be charged - per day - per item - other costs additional), without waiving any rights that Auction Co. or seller may have against buyer. Storage charges will be the responsibility of the buyer (after removal period.) Removal period is posted on each sale and may vary from sale to sale.
Other Information: All items sold “AS IS WHERE IS” with all faults
Sales Tax: All bidders will be subject to applicable sales tax for the state in with the auction is held. If you are tax exempt, provide our office with the documentation required for exemption.
Buyers Premium: A 13% Buyers Premium is in effective for this auction. A 3% discount is given for cash or wire transfer payments, resulting in a 10% Buyers Premium for these two types of payment.
Please note change in methods of payments and discounts below.
Payment Types Accepted & Applicable Buyer’s Premium for each - Effective 1/1/2012:
• 10% - Wire Transfer
• 10% - Cash
• 13% - MasterCard, VISA, Discover, AMEX (online, by phone or at any Orbitbid.com location)
• 13% - ACH for Businesses with prior approval (at discretion of auction company) up to $10,000.00. (requires ACH Authorization form)
**Note: payments exceeding $10,000.00 require payment by Wire Transfer.
Posted Closing Times: Posted closing times and displays of Auction Co.’s current time are approximate. Auction Co. reserves the right to close early or extend auctions at any time at it’s discretion. It is strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last minute bid. All times are local time for auction location. Dynamic bidding – The dynamic bid on this website is a feature that does NOT allow an item to sell at the end of the auction until there is 10 minutes of bidding inactivity. EXAMPLE: An item is bid on at 7:50pm. An auction is scheduled to close at 8:00pm. When this bid is placed the ending time will automatically extend to 8:10pm. When another bid is placed at 8:01pm the auction will extend until 8:20pm. This will give bidders 19 minutes to place another bid. If no bids are placed, this auction will conclude at 8:20pm. The key to your dynamic bidding feature is that the auction extends from the preset closing time in 10 minute intervals, NOT 10 minutes from when you placed your bid.