Sale Terms and Important Information

Auction Terms & Conditions:

These are the terms and conditions on which all property is offered for sale. By bidding in this auction, prospective bidders agree to be legally bound by the following so please read and understand the terms of this auction before bidding. On-Site Bidders please read additional auction terms on your Bidding Paddle.
~Your Bid is a Contract to Buy~

Auction Agreement: By participating in this auction the bidder agrees to the following terms and conditions:

Location: Edgewater Marina Park & Ferry Landing, 989 River Road, Edgewater, New Jersey 07020

Auction Preview: Saturday, September 23, 2023 from 10:00 am to 12:00 noon and by appointment. Contact the Auction Company (201)-871-1600 to schedule a date.

Auction Date & Live Start Time: Saturday, September 23, 2023 @ 12:00 Noon ET

Payment: The successful bidder must tender a twenty-five (25%) deposit immediately upon the knockdown of the bid. An auction invoice will be available in the winning bidder's account after the conclusion of the auction. The only acceptable forms of payment are a Cashier's Check made payable to "Caspert Management Co., Inc." or an ACH/Wire Transfer due no later than Monday, September 25, 2023.

Removal: The vessel must be removed from the auction site no later than Friday, September 29, 2023.

Pick Up Location: Edgewater Marina Park & Ferry Landing, 989 River Road, Edgewater, New Jersey 07020

If the vessel is not removed from the auction site by Friday, September 29, 2023, it will be considered abandoned property, maybe offered to the under bidder and will be subject to transportation, storage and other associated fees, including all auction related fees.

Documentation: The successful bidder must provide a current valid driver’s license in order to receive a Bill of Sale and Title. The Bill of Sale & Title will be filled out in the name of the purchaser.

Theft: Any instances or theft or vandalism will be prosecuted to the full extent of the law. Security surveillance cameras are present at this location.

Buyer's Premium: There is a five percent (5%) Buyer's Premium for on-site buyers and an eight percent (8%) Buyer's Premium for on-line buyers in effect for this auction.

Sales Tax: No Sales Tax Will Be Collected. Sales Tax Will Be Collected Upon Registration with the appropriate state agency or local boating authority.

Disclaimer: This vessel is offered as is, where is, with all faults. The Auction Company or the Bergen County Prosecutor does not give or make any type of guarantee or warranty regarding the vessel to be sold, implied or otherwise as to the quality, condition, performance, hours or nomenclature so buyer beware. The Auction Company and the Bergen County Prosecutor encourages all bidders to inspect the vessel in person before bidding. The Auction Company and the Bergen County Prosecutor is not responsible for incorrect listing information, if any. The Auction Company and the Bergen County Prosecutor has attempted to provide an accurate description. However, it is the bidder's responsibility to determine the condition and suitability of the vessel. Printed statements or descriptions by the Auction Company and the Bergen County Prosecutor are provided in good faith and are matters of opinion.

The Bergen County Prosecutor reserves the right to accept or reject any bid(s).

ALL SALES ARE FINAL: There are no returns, refunds, adjustments, credit or exchanges once the vessel has been sold.

Risk of Loss: The vessel becomes the full responsibility of the bidder at time of payment and the bidder assumes all risk of loss and damage to the item(s) at that time.

Debt Collection and Interest Charges: The bidder agrees to pay all reasonable attorney fees and other costs incurred by the Auction Company and the Bergen County Prosecutor in its efforts to collect unpaid funds from the bidder. The bidder agrees that a fee of 2% of the outstanding balance per month be added to any unpaid balance due the Auction Company and the Bergen County Prosecutor.

Guaranty Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment to the Auction Company and the Bergen County Prosecutor for any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney's fee.

Resale: The Auction Company reserves the right to resell the vessel if not paid for in full by the conclusion of the stated pickup period. In any such event, the bidder will still be responsible for payment for the original purchase, buyer’s premium, any shortfall and the costs of collection of this payment and/or damages resulting from the resale of the vessel as well as storage costs.

Limitation of Liability: If, for any reason, the Auction Company is unable to make available or deliver any purchase, or portion thereof, or documentation required in respect of any purchase, the sole liability of the Auction Company and the Bergen County Prosecutor, if any, shall be the return of monies paid in respect of such purchase.

Age Requirement: All bidders must be 21 years of age or older.

Bidder Information and Security: All registration information the bidder provides to the Auction Company and the Bergen County Prosecutor shall be current, complete, and accurate. All bidders are responsible for any bids placed under their bidding numbers and passwords. The security of bidder information is the responsibility of the bidder. Bidders guarantee that the information they supply to the Auction Company and the Bergen County Prosecutor is accurate. Users agree to indemnify and hold the Auction Company and the Bergen County Prosecutor harmless from any lawsuit based on users’ negligence or activities.

Online Auction Bidding Software Disclaimer: This is an “As-Is” Site. You accept that you use the Site to your own risk and without any guarantees or promises from the Auction Company. This includes the functionality and operation of the Site. The Auction Company does not guarantee that the Site will be operational 100% of the time. The Auction Company does not guarantee that you will always be able to access the auction items listed on the site. The site is usually available 24 hours a day, 7 days a week. Therefore:

The Auction Company shall not be liable for any damages arising from any interruption, suspension, or termination of the site.
The Auction Company, in their sole discretion, may:
o Terminate, suspend or deny access to any bidder for any reason.
o Require the bidder to pre-authorize a refundable security deposit in order to bid.
o Terminate or suspend any bidder's registration to bid and the bidder’s account.
o Suspend bidding on any individual lot and/or all lots in this auction at any time.
o Extend the bidding ending date & time for any individual lot and/or all lots in this auction at any time.

Information contained herein believed to be correct but not guaranteed. Announcements communicated on the day of auction or published / distributed on the Internet prior to the stated online auction ending time take precedence over previously published material and oral statements.

Thank You.