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1. There is a 5% Buyers Premium for on site bidders. For
Internet bidders there is an additional 2% internet fee.
2. The Tax rate is : Rolling stock is 3.375%,
Titled Items is 3.25%, all other items is 9%.
3. Internet bidders must register using a permanent address(no
P.O. boxes accepted) and faxing a bank letter Of guarantee to Black
Warrior Auction before you will be registered. All winning internet
bidders must have Equipment paid for within 48 hours of auction
notification of winning bids.
4. Full payment must be made on sale day by buyer before buyer or
equipment can leave premises.
5. Payments accepted are Cash, Certified Funds. Business and Personal
Checks accepted if accompanied by a bank Letter of guarantee. If no
letter of guarantee is given then purchases will be held until funds
clear your bank.
6. All Titled Items will be charged a $30.00 Title Application Fee.
7. The Auctioneer will give notice to winning bidder after each lot is
sold. Item becomes full responsibility of the buyer at the time of
purchase. Buyer assumes all risk of loss or damage while equipment is own our sale site.
8. If at any time during the auction and there is a tie bid or a dispute
forms between bidders, the auctioneer reserves the right to reopen the
item for bidding. Then auctioneer will give notice of winning bidder
which shall be final.
9. All equipment must have a paid ticket before it will be allowed to
leave sale site.
10. There will be no loading of equipment while auction is in progress.
11. All equipment is sold "AS IS, WHERE IS" with no warranty
written or implied.
12. This catalog is a guide and a guide only. Black Warrior Auction Co.
does not guarantee the information in this catalog to be 100% correct,
all information was obtained from sources assumed to be correct, but is not
guaranteed by Black Warrior Auction Co.
13. All announcements made on sale day take precedence over any
information advertised or distributed information.
14. All attendees and registered bidders acknowledges responsiblity
for any personal injury and property damage causee
by attendee, by bidder or agent for bidder, and further agrees to hold
Auctioneer and Black Warrior Auction Co. harmless for any personal injury
and any property damage incurred on sale site.
15. If a successful bidder is a licensed dealer then dealer is to provide
Black Warrior Auction Co. a Certificate Of Resale. This certificate must
bear your resale tax permit number. Failure to furnish the correct number
will require payment of sales tax on all purchases.
16. Auctioneer at any time and without notice to bidder may withdraw or
cancel the sale of any lot and offer any lots in groups or by choice.
17. All registered bidders grants to the
auctioneer a security of interest of purchases secure payment of the
purchase price. If non-payment occurs the auctioneer may proceed to file
the bidder registration agreement as a financing statement to protect the
security interest granted by this security agreement.
18. Buyer will not be given possession of any purchases until total puchase price has been paid including any applicable
taxes. In the event buyer fails to pay amount due, auctioneer shall
retain a lien on all purchases of buyer and at auctioneer's discretion
have the right to resale such purchases by public or private sale without
notice to buyer. Should auctioneer resale any purchase, the sales price
less commission and expenses will be credited to the original buyers
account and the original buyer shall upon demand pay auctioneer any
deficiency arising from the resale.
19. Overseas bidders will need to wire transfer $10,000.00 dollars to
Black Warrior Auction which will apply to purchases if wining bidder, if
no bids are successful then money will be wired back within 48 hours of
the next available business day. Any questions please contact Conn Smith
205-454-7635
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