Successful Online High Bid Notification & Invoice: Payment invoices totaling all items successfully bid on will be emailed to the high bidders following the acceptance of the high bid by the Government. Successful bidders have 48 hours from the time the auction invoice is emailed to make payment in full. Acceptable form of payment is bank wire. Bank wire instructions will be included in the invoice email.
Auction End & Bid Approvals: When an auction lot closes, it will display either SOLD or UNSOLD. SOLD indicates the reserve was met and establishes the high bid for that item. Successful bidders will be notified via email of their status as the winning bidder and will be bound by the payment terms as found in the Terms of Sale. UNSOLD indicates the final bid did not meet the reserve. In this case, the high bid will be submitted to the Government for consideration. The Government has 72 hours to approve bids that did not meet the reserve. If the Government accepts the high bid, the bidder will receive an invoice via email.
Reserve: The federal Government and their agents reserve the right to accept or reject any and all bids. Property/merchandise is offered subject to acceptance of the seller. property/merchandise may be withdrawn at any time. The Government reserves the right to approve final transfer of property to the successful bidder, even after the auction closes.
Payment Form: Acceptable form of payment is bank wire only, via U.S. funds only. ACH payments will not be accepted
Final Payment: Final payment must be made within 48 hours following bid approval by the Government. The Government has 72 hours to approve bids that do not meet reserve.
PAYMENT MUST BE MADE BY THE SUCCESSFUL REGISTERED BIDDER/COMPANY. MONIES RECEIVED BY PARTIES OTHER THAN THE SUCCESSFUL REGISTERED BIDDER WILL BE DECLINED. Electronic bank transfers for final payment of purchases must originate from an account of the registered buyer or the business the buyer represents. The transfer must include the registered bidders name and bidder number. Any electronic bank transfers received from an account other than that of the registered bidder will not be accepted and will be returned to the originating bank.
Bank Wire: Bank wire instructions will be provided with the emailed invoice. Bank wire transfers (no ACH) must originate from an account of the registered buyer or the business the buyer represents. The transfer must include the registered buyer’s name and reference the lot(s) purchased. Any electronic bank transfers received from an account other than that of the registered bidder will not be accepted and will be returned to the originating bank. Bank wires must be received within the time frame specified for final payment and may take up to 24 hours to process. ACH payments will not be accepted.
Cash Payments: Cash payments are not accepted.
Cashier's Check Payment: Cashier’s Check Payments are not accepted.
Refunds: Neither THE FEDERAL GOVERNMENT, AMENTUM nor CWSAMS make refunds, adjustments, or returns. All purchases are final.
Post Auction Invoicing, Payment and Documentation:
- Final Payment invoices will be emailed to Buyer upon Government approval, which can take up to 72 hours.
- Buyer to make final payment within 48 hours of bid approval.
- Following receipt of payment in full, Buyer will receive a Paid Receipt and the Property Release document by email. The Property Release document gives Buyer authority to remove property.
- Amentum / CWS will coordinate removal with Buyer, providing all necessary documentation and points of contact to initiate the removal of property.
Removal / Shipping: Removal must be completed on or before the 10th business day from the Buyer’s receipt of the Coast Guard Bill of Sale (BOS), or SF97 (Government form to Transfer Title). It can take up to 21 days from the date of sale for the government to execute the BOS and send it to the Buyer. Removal is by appointment only and will be coordinated by Amentum and CWS with Buyer, after Buyer has received the necessary Property Release Document.
IT IS THE SOLE RESPONSIBILITY OF THE BUYER TO REMOVE THE PROPERTY/MERCHANDISE PURCHASED. REMOVAL IS AT THE EXPENSE, LIABILITY, AND RISK OF THE BUYER.
Buyer must present a photo I.D. at the time of property/merchandise release. Should registered buyer wish to send an agent to pick up property/merchandise, buyer must prepare and sign a Release Authorization identifying the agent to act on his/her behalf, as well as provide agent with a copy of Buyer’s photo I.D. A release authorization template is located here https://www.cwsamsinc.com/gp/terms/RELEASEAUTHORIZATIONFORM.pdf.
Removal must be completed on or before the times referenced or buyer will default the terms of sale and property/merchandise will be resold by U.S. Department of the Treasury. Property/merchandise must be removed from the storage location stated in each lot description. BUYER AND VENDOR MUST SIGN PROPERTY/MERCHANDISE RELEASE DOCUMENT AND SUBMIT TO COPY TO AMENTUM AS PROOF OF DELIVERY TO BUYER. STORAGE ARRANGEMENTS AFTER REMOVAL DATES ABOVE ARE SOLELY BETWEEN THE BUYER AND VENDOR AND TERMS SHOULD BE DETERMINED PRIOR TO THE FINAL REMOVAL DATE. NO EXTENSIONS FOR PROPERTY/MERCHANDISE RELEASE, without consent of the Government. There is no guarantee of removal extension.
