2013 MTU 12V4000

Terms & Conditions Payment Terms Preview Hours Load Out PERMIAN INTERNATIONAL ENERGY SERVICES, LLC Auction Terms and Conditions of Sale 1. Conditions of Sale: ALL PROSPECTIVE PARTICIPANTS ARE URGED TO TAKE NOTICE OF AND THOROUGHLY READ THE CONDITIONS OF SALE FOR THE AUCTION PUBLISHED WITHIN THE AUCTION SALE CATALOG. AUCTIONEER RESERVES THE RIGHT, IN ITS SOLE DISCRETION, TO SUSPEND ANY PERSON WHO VIOLATES THESE CONDITIONS IN ANY MANNER FROM FURTHER PARTICIPATION IN ANY SALE CONDUCTED BY AUCTIONEER. LOTS WILL BE PRESENTED INDIVIDUALLY, AND EACH LOT IS A SEPARATE SALE. 2. Bidder Registration: a. Any person intending to bid at a Permian International Energy Services, LLC (“PI”) must be pre-registered and have a Buyer Number assigned by PI prior to placing a bid. Buyer names will remain confidential. b. Persons bidding on behalf of a third party must register to bid and will be held responsible for all such purchases. c. PI and Auctioneer reserve the right to refuse any person a bidder number and may revoke a Bidder’s privileges to bid or purchase at any time. d. By participating in a PI auction, Bidder expressly agrees to these terms and conditions. Auctioneer reserves the right, in its sole discretion, to accept or reject the request for a Buyer Number. 3. Indemnification of PI and Seller(s): a. Bidders enter the Auction Site at their own risk. The Auction Site shall include any location where an auction lot to be sold may be located for inspection and any facility where the bid calling is located. b. Bidders and their agents, officers, employees, and representatives agree to indemnify and hold harmless PI, its owners, officers, agents, employees, and representatives and Seller’s owners, officers, agents, employees, and representatives from any damages, injury, or death resulting from any cause occurring on or related to the Auction Site. 4. Payment Terms: a. All purchases shall be Paid in Full in negotiable U.S. funds on the day of auction unless expressly agreed in writing by PI prior to commencement of auction. b. Accepted forms of payment include wire transfers and company and personal checks if accompanied by an irrevocable Bank Letter of Guarantee unless Bidder is pre-qualified by PI prior to the date of auction. c. Permian International Energy Services is now accepting credit card payments. A 3% convenance fee will be applied per transaction with a $5,000 credit limit. d. Buyer waives the right to stop payment on any check or monies given as payment. e. Buyer agrees to pay an administrative fee of SIX (6%) ONSITE & EIGHT (8%) ONLINE, or other amount as may be stated in the auction sale catalog, to be added to the auction sales price of each lot. See PI webpage for details of each auction. f. Buyer may receive lots purchased upon payment of funds due according to checkout procedures outlined in the Auction Sale Catalog. g. PI reserves the right to hold any purchase until funds have been confirmed and all documentation has been completed by Buyer. h. PI may hold all purchases by a Buyer approved for partial payment until the full amount has been paid. A two percent (2%) late fee will be charged if full payment is not received within five (5) business days following the auction. 5. Sales Tax: a. Buyer is responsible for payment of any and all sales and use taxes due on the purchased lots. b. PI will add the applicable sales and use taxes to its invoice unless Buyer provides valid proof of exemption issued by the appropriate state agency. c. To claim an exemption from sales tax, Buyer must meet the exemption requirements applicable to the location where the Auction is held. d. Buyer agrees to pay or reimburse PI for payment of any sales and use taxes assessed by a taxing authority if not collected at the time of payment. 6. Resale of Merchandise: a. In the event a Buyer requests PI to resell a lot at the same auction, Buyer must make up any deficit between the initial sales price and the resale price. b. Shoul