Catalog Auction info 2026-01-05 11:00:00 EST 2026-01-08 11:00:00 EST U.S. Treasury Inland Tank Barges & Crude Oil Auction (Jan. 5-8) REGISTRATION: Click the "Register to Bid" link below to complete registration. You will be prompted to "Sign In" or "Create an Account" if you do not have a CWS auction account. Allow one business day (Monday through Friday) for new CWS auction account approval. Upon completion of registration, you will need to submit a $25,000 good-faith deposit by bank wire, which is fully refundable if no purchases are made. Bank wire deposits must be received by 3:00pm ET on Wednesday, January 7, 2026. Upon receipt of the good-faith deposit, your auction account will be approved for bidding. Registration closes at 5:00pm ET on Wednesday, January 7, 2026. DEPOSIT: Email registration@cwsams.com for bank wire instructions for submitting the $25,000 good-faith deposit. All vessels and oil are seized/forfeited due to violations of federal laws and offered for sale by the U.S. Department of the Treasury. Timed Share Facebook Twitter Linkedin Pinterest Closed How to Register How To Bid Technical Assistance Go to Create Account (if a new user) and create an account. Allow up to one business day (excluding weekends) for manual verification and approval for a new auction account. Select Register to Bid to register for this auction. Credit Card is required to complete registration (no charge will be processed for deposit) Placing a Bid: All bids placed are Max Bids. The system will enter the next bid increment and enter your bid as a maximum bid. Example: current bid: $5000, bid increment: $100, bidder enters $10000 - system enters $5100 (Max $10000) Tied Bid: In the case of a tie bid, precedence is given to the earliest bid. Auction Soft Close: If a lot receives a bid within the last 1 min. it will remain open for an additional 1 min. If any further bidding occurs, the extension timer will reset to 1 min. If no further bidding activity occurs, the lot closes when the timer runs out. Bidders are urged and cautioned not to wait until the final seconds of the auction to place bids. Bids not recognized by the auction software when the time expires will not be accepted. Technical Assistance: Contact us at service@cwsmarketing.com with any technical questions about the online bidding process. Technical Problems and Transmission Issues: CWSAMS has made every reasonable effort to facilitate online bidding. However, it is possible that technical problems and transmission issues may arise and affect the CWSAMS website, bidding system and/or computer or server or your computer, personal device or software which is beyond the control of CWSAMS. By bidding online Bidder acknowledges that CWSAMS is not responsible for technical problems or transmission issues associated with a bid and that, in the event technical problems interfere with or prevent a bid, it may be necessary to withdraw items from bidding due to technical errors or uncontrollable circumstances. Further, in the event of the occurrence of a technical problem during any bid in any auction, CWSAMS in its sole discretion reserves the right to declare an item sold, postpone or cancel the auction, extend the bidding time for this auction and/or re-list the property for auction at another date and time. The decision of CWSAMS on this matter shall be final. Bidder acknowledges that, by bidding in any auction held by CWSAMS, Bidder accepts the terms and conditions of this Disclaimer. https://vesselaircraft.cwsmarketing.com/auctions/info/id/327 https://vesselaircraft.cwsmarketing.com/login/redirect-feed/aid/327 > Lot #300Crude Oil, Approx. 77,566 Barrels (Ingleside, TX) - 2025233000005001-0001-0000; Updated Oil Removal Date January 31 Click image to enlarge Previous Lot closed - Winning bid:$2,780,000 (79 bids) Ask a question Description CRUDE OIL: Approx. 77,566 Total Barrels Stored in Two Tanks; REMOVAL DATE REQUIREMENT UPDATED BELOW; Quantities of Each and Certificate of Analysis Below; No In-Person Viewing of Oil Tank 202: Crude Oil, Approx 42,835 Barrels Case #: 2025233000005001-0001-0000-IC Stored in Tank 202 at Red Fish Bay Terminal, Ingleside, TX 78382 Testing Results From December 2025 Available Below UPDATED 1/7/26 - Storage Rate After January 31 Removal Period: The buyer has up until January 31 for removal of the oil from its current location. Up until this time, storage is at the government's expense. The oil must be signed for no later than January 31. If additional time and storage is necessary to remove the oil, continued storage is at the buyer's expense and liability and arrangements are solely between the buyer and storage vendor. Continued storage is at the following rate: $1.50/barrel/month on the tank Safe Fill Capacity. Calculations for the two tanks are as follows: (45,101+52,170) x $1.50 = $145,908.00/month total; Term: 30-day minimum for continued storage past January 31 at Redfish Bay Terminal. HIGH BID APPROVAL: The high bid for each lot will be submitted to the government for approval following the close of the auction. The government may take up to 72 hours to confirm the high bidder and approve the high bid amount. Tank 206: Crude Oil, Approx 34,731 Barrels Case #: 2025233000005002-0002-0000-IC Stored in Tank 206 at Red Fish Bay Terminal, Ingleside, TX 78382 Testing Results From December 2025 Available Below View Certificate of Analysis Questions: registration@cwsams.com 703-915-2388 Categories: PREVIEW: No in-person preview. View crude oil Certificate of Analysis for details. Terms and conditions It’s the Buyer’s responsibility to understand & comply with the complete Terms & Conditions of the sale.
