Boat & Yacht Auction Bidding Process

Review the boats available in this week's auction in our inventory pages. Each yacht is coded with it's own stock #. The boats are listed by location and then by length for easier selection and viewing. Columns can be sorted by any header simply by clicking on the desired header column (i.e. stock number, length, etc.). We recommend personal inspection of the boats either at our location or call us to arrange a viewing at other locations.

It is important that you talk to a broker in the office where the boat is located so that details regarding the particular unit can be reviewed (see company tab on the top for direct dial numbers to our offices).  Regardless of whether or not you have worked with one of our brokers in the past all offers must be submitted and faxed on our official offer form. Download our official offer form (312k PDF) or our official U.S. Marshals Service seized vessel offer form (312k PDF) complete it and fax it in to the appropriate office. NO OFFERS WILL BE SUBMITTED without talking with a broker first and confirmation of receipt of a signed offer form. Verbal offers, unconfirmed or unsigned offer sheets will be thrown out.. Our sales staff is available Mon. - Sat. from 9:00am - 6:00pm at (800) 633-7172. You may use the CONTACT section to enter all of your pertinent contact information (please be sure to indicate phone and cell number) as well as the stock # you are interested in. A broker will promptly return your call to issue you a bidder number.

There is a $20.00 first time bid fee* required at the time the bid is submitted. Additionally, there is a $1000.00 deposit required with all bids submitted. Both the $20.00 fee and $1000.00 deposit can be paid with cash, credit card, certified funds or wire transfer. Your broker of record will discuss these options and deposit requirements with you prior to submitting your bid.

*If the boat or yacht you are bidding on is a U.S. Marshals Service seized vessel (noted in the right column of the inventory list with a Marshals symbol) the $20.00 bid fee is waived.

Yacht and boat auction offers are cut off and opened on Monday at 4:00pm Eastern Time. Bids are automatically sorted and the high offer on each vessel is submitted to the bank, U.S. Marshal's Service or vessel owner on Tuesday morning. Responses are typically received within 48 hours. The seller, at his sole option, may accept or reject the offer or make a counter offer. Once the highest offer is responded to (accepted, rejected or countered), we will contact the high bidder immediately to notify them of the response. If an offer is not responded to or not accepted within a particular weekly cycle, it is simply placed back for sale in the next week’s bid cycle. All offers need to be resubmitted weekly (if desired), offers are only good for the one week period in which they were signed and submitted.

1. First time bidders are responsible for the $20.00 non-refundable bid fee. This fee covers the administrative process of entering that bidder into our system for future transactions.
   
2. A credit card number must accompany all offers submitted. Upon acceptance of an offer, $1,000 will be charged to the credit card. If the credit card is declined the offer will immediately be voided.
   
3. Upon verbal notification of acceptance of an offer, the buyer has 5 working days to complete any “conditions” as set forth and pay the amount due IN FULL via certified funds. Failure to close the transaction within 5 business days after notice of acceptance will result in $1000 deposit being forfeited and the boat placed in the next auction cycle.
4. The bidder has 24 hours (or one business day) to remove the purchased vessel from our facility or make storage arrangements after closing. Storage charges will accrue on ALL vessels until vessel departs at our standard rates (refer to http://www.yachtauctions.com/services.asp for current rates).
5. There is a minimum $299.00 buyer's premium* on all vessels charged as an administrative fee for paperwork handling
   * If the boat or yacht you are bidding on is a U.S. Marshals Service seized vessel (noted in the right column of the inventory list with a Marshals symbol) the $20.00 bid fee and the $299.00 buyer's premium is waived.

NOTICE TO CUSTOMERS REGARDING TITLING OR DOCUMENTATION
We exert extensive time and research to ensure that you are purchasing a unit with a clear title or USCG documentation. The $299.00 administrative fee represents this research effort; it does not include transferring title or documentation. Buyers will receive from our title department all the documentation needed to complete this process. We can provide complete transfer of title or USCG documentation for an additional fee. Please contact our offices and ask to speak with our title department if interested. Ohio Law requires us to transfer title (not USCG documentation) directly to Ohio residents only, an additional $150 titling fee is charged for this service to Ohio residents only.

IMPORTANT INFORMATION REGARDING SALES TAX
All purchasers will either pay sales tax at the current approved rate in their respective states or sign an out-of-state affidavit that they will pay their respective sales tax and provide a valid copy of a driver’s license (with the exception of Ohio and Florida residents who must pay tax directly to us at point of sale). All dealers will be required to provide a state sale tax number, valid marine dealer’s certificate and sign a resale certificate or Statement for Exemption of Purchase.

METHODS OF PAYMENT
Payment can be made by certified funds, financing, cash or bank wire. No drafts, personal or company checks or credit cards (other than for the $20 bid fee and $1000 deposit) will be accepted.

All information provided about vessels is believed to be accurate, however, bidder assumes full responsibility to verify and confirm any and ALL information and specifications provided by National Liquidators. All vessels are sold AS IS WHERE IS, with no warranties, express or implied, as to condition or fitness for a particular purpose. IF LITIGATION ARISING OUT OF OR RELATING TO THIS OFFER IS COMMENCED; THE PREVAILING PARTY IS ENTITLED TO RECOVER ITS ATTORNEYS’ FEES AND COSTS