Internet Premium : 5%Payment Options: Wire TransferPayment Instructions: For approval into the auction, please fax a bank letter of guarantee with the total amount of what you intend on bidding up to 432.563.7929 OR wire a MINIMUM deposit of 20% of your expected total bids to the Kruse Energy & Equipment Auctioneers, LLC’s Escrow account no later than 2PM on the day before the sale in order to be approved to actively bid online. For wiring instructions, please phone Sue Schmidt at 214-668-1554. Wires will be refunded if no items are won.Currency Type: USDShipping Instructions: All Shipping Cost are the Buyer's ResponsibilityPreview Date & Times: Preview: Beginning Thursday
September 16th, 2010 (8am - 5pm) Including Weekends.Checkout Date & Times: Checkout: Thru Friday Oct 1st, (8am – 5pm) Including Weekends.Location: 401 S. Meridian Ave, Oklahoma City, OK 73108Driving Directions: From the Intersection of IH-40 & Meridian Ave in Oklahoma City, OK, Travel North on Meridian Ave to The Biltmore Hotel on the Left.
All perspective Buyers and Bidders must register and
receive a bidder number at ALL Kruse Energy & Equipment
Auctioneers auctions. Anyone bidding on behalf of a third
party must also register to bid and will be held responsible
and liable for all purchases. No person shall bid on any item
they own or on behalf of the owner. No exceptions! Buyers
names are to remain confidential. The Auctioneer reserves
the right to refuse any person a bidder number and may
revoke the bidders’ privileges at any time.
Resale of Merchandise:
The Auctioneer reserves the right to reclaim any or all
merchandise for any unpaid purchases in part or in full.
Buyer agrees to pay any deficiencies from the initial
sales price and all expenses incurred including attorney’s
fees on merchandise that must be resold. In the event
a buyer chooses to resale a lot, they must make up any
deficiencies from the initial sales price. The resale of any
merchandise is at the sole discretion of the Auctioneer.
Buyer agrees to pay all applicable sales tax on all
purchases, unless the buyer provides proof of exemption
that is issued by the appropriate state or local Government
Agency. Buyers must meet exemption requirements of the
state or local Government Agency at the location in which
the auction is held. Buyer also agrees to pay any sales tax
that may be assessed after payment has been received.
Warranty or Guarantee:
Every item is sold “AS IS, WHERE IS, WITH ALL FAULTS”
and without warranty or guarantee of any kind, either
written, expressed or implied, as to merchantability or fitness
for a particular purpose or otherwise. There are no warranties
or guarantees as to year, make, model, serial number,
condition, performance, and/or dotting & numbering, and/or
digital slide production. All items are listed as accurately as
possible and information is derived from sources deemed
reliable. However, Buyer must inspect all items personally
and accept with any faults or defects. Buyer in no way
holds Auctioneer or Seller responsible for any defects,
inaccuracies or errors in any way. All announcements sale
day supercede any printed material.
Contested or Tie Bid/Lotting:
In the event two (2) or more parties claim the same bid at
the fall of the Auctioneer’s gavel (sold), the Auctioneer may
re-open the sale and commence the bidding between said
parties until a high bidder and new owner is established.
This is entirely at the sole discretion of the Auctioneer and
he may elect not to re-open the bidding if he deems the bid
was late and the item was considered sold. The Auctioneer
may also refuse any bid he deems as a mere fractional
advance. The Auctioneer reserves the right to group,
withdraw or break-apart any lot he determines is necessary.
Indemnification & Hold Harmless/Injury & Damages:
Bidders and their agents, employees or representatives
agree to hold harmless Kruse Energy & Equipment
Auctioneers, its agents, employees or representatives
along with the same for the Seller for any damages, injury
or death occurring on or near the auction site. The auction
site shall include any yard or location at which any lot is
located as well as the actual location where the bid calling
is conducted. The Bidder agrees to enter any site at their
own risk. No person shall have any claim against Kruse
Energy & Equipment Auctioneers, its agents, employees or
representatives along with the same for the Seller or Site
Owner for any injury, damages or loss of life which may
occur from any cause or nature. The Buyer also agrees to
the same terms for load-out and check-out on all auction
sites and will provide insurance where applicable.
Titles/Bills of Sale:
All Titles and Bills of Sale, along with other pertinent
documents will be mailed from Kruse Energy & Equipment
Auctioneers’ Odessa office within a reasonable time period
following the auction, allowing for satisfactory collection of
all negotiable funds. Delivery of such documents is subject
to receiving the documents from the Seller. Kruse Energy
& Equipment Auctioneers is acting as agents only and any
loss of title must be reconciled either through the Seller or
the appropriate Government Agency.
This Agreement is between the Bidder and the “Auctioneer”
(Kruse Energy & Equipment Auctioneers, LLC) and shall be
governed by and interpreted by the laws of the State of