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TERMS AND CONDITIONS

 

Acceptable payment methods:
1. Bank wire transfer any amount
2. Up to $ 700.00: Paypal
3. Up to $ 2,000.00: Master Card and Visa thru our office with fax sales agreement
4. Up to $ 10,000.00: Company if overnighted. NO snail mail please. (Item will ship after funds have cleared est. 10 days)
5. Over $10k Wire transfer only
Due to the large number of FRAUDULENT CASHIERS CHECKS AND $ ORDERS WE NO LONGER ACCEPT THEM
SALES AGREEMENT TERMS AND CONDITIONS FOR ALL SALES:

KSC also reserves the right to accept or reject any and all offers. All offers by KSC are subject to prior sale.

TO SECURE SALE KING SURPLUS MUST ACCEPT BID AND BUYER MUST MAKE PAYMENT IN FULL WITH IN 3 BUSINESS DAYS. If buyer does not pay or contact KSC in 3 days KSC reserves the right to sell item to back up bidder.

We love customers and realize that everyone has a business to run, therefore on large purchases over $10k CAN MAKE A 25% NON-REFUNDABLE DEPOSIT WITH IN 3 BUSINESS DAYS and pay the balance in full with in 7 days. Other terms may be acceptable if approved prior to bidding and received in writing via email from an officer of our corporation. CASH DEPOSIT. DEPOSITS AND OTHER PAYMENTS UNDER THIS CONTRACT are NON-REFUNDABLE unless otherwise stated in writing and signed by an officer of our corporation. IF THE PURCHASE PRICE IS NOT PAID IN FULL ON OR BEFORE THE "BALANCE DUE DATE", PURCHASER AGREES THAT ALL AMOUNTS THAT HAVE BEEN PAID SHALL BE RETAINED BY King Surplus Company AS DAMAGES AND King Surplus Company SHALL THEN BE UNDER NO FURTHER OBLIGATION TO HOLD OR DELIVER THE GOODS; King Surplus Company MAY ALSO RECOVER SUCH ADDITIONAL DAMAGES AS ARE ALLOWED BY LAW including but not limited to cost to relist an item, listing fees, final value fees, labor G&A and other costs associated with processing and selling the assets.

EXPERIENCED BUYER
PURCHASER REPRESENTS THAT HE, SHE or IT IS FAMILIAR WITH THE ITEMS OR EQUIPMENT BEING PURCHASED AND IS ABLE TO ASSEMBLE, ERECT, SETUP, GET THE ASSET and or PLANT ON-LINE AND OPERATE THE EQUIPMENT WITHOUT ASSISTANCE FROM King Surplus Company. King Surplus Company IS NOT RESPONSIBLE FOR ANY PROBLEMS CAUSED BY IMPROPER ASSEMBLY, ERECTION, SETUP OR OPERATION AND MAKES NO WARRANTY WHATSOEVER AS TO THE ITEM OR EQUIPMENT UNLESS OTHER WISE STATED IN THE BODY OF OUR AD OR IN WRITING VIA EMAIL OR LETTER FROM AN OFFICER OF THE CORPORATION.

Sales Tax and past due amounts and nonpaying bidders
ALL APPLICABLE TAXES MUST BE PAID BY CUSTOMER. ALL BILLS ARE PAYABLE IN Del Rio TEXAS. A CHARGE OF 1 1/2 % PER MONTH OR THE MAXIMUM ALLOWED BY LAW WILL BE CHARGED ON ALL PAST DUE INVOICES and judgements, this includes sales tax. Nonpaying bidders will be charged a 25% relisting fee plus any and all costs associated with collecting said fees including but not limited to attorneys fees, court costs and other costs.

Free on site (Del Rio Texas) storage for 30 days. All items off site must be picked up in 10 days or as stated in the body of the ad
If buyer needs to store items in our warehouse beyond the 30 day grace period we would be glad to accommodate you for a minimum fee of $ 2.00 per day or $ .19 cents per sqft per week, whichever is greater. FYI we also donate all storage fees to charity. For buyers that do not pay for storage fees we will donate those assets to the Daily Bread Ministry Food Bank or other charity.

IMPORTANT: THIS DOCUMENT REPRESENTS OUR ENTIRE UNDERSTANDING OF YOUR WRITTEN AND VERBAL ORDER AND INSTRUCTIONS. ANY CHANGES MAY INCUR ADDITIONAL CHARGES.
LIMITED WARRANTY
We strive hard to deliver 5 Star Service to our customers. Please see above if this item qualifies for any MONEY BACK OR BUYERS ASSURANCE GUARANTIES.

KING SURPLUS tries to answer all questions from potential bidders and in that process may have given general opinions as to the capacity, condition and operations of an asset. However these opinions are for information and reference only, we are not dealers, wholesalers or experts we are liquidation experts. There are factors which could affect any item being sold unless inspected by an expert in the area or industry the asset is from. THEY BUYER IS THE EXPERT. For this reason, the buyer must bear FULL responsibility for bidding and or purchasing any item.

All assets being sold or offered by King Surplus are Sold AS IS WITH NO WARRANTY EXPRESSED OR IMPLIED. However we do guarantee our WORD our WORK and our DESCRIPTION. Therefore KSC will make certain reasonable guarantees as follows: 1. The back ground information or history of the item as described to us. 2. The item or items being sold are sold as wholesale with no warranty as to merchantability, operation, for particular purpose or that it meets any safety or other governmental regulations. 3. Our simple 7 day guarantee refund guaranty is this: For a period of not more than 7 days after shipment (the time it leaves our dock) we will refund up to % 100 percent of the purchase price LESS S&H so long as the item is returned to us in the original condition and packaging and was not electronic KSC gives no warranty on electronic items as they are subject to the person or persons hooking them up. 4. Return must be made to our warehouse or to a designated location of our choice and therefore it is required that before KSC will accept a return item the buyer must have written approval from KSC clearly designating the terms and conditions of that return which includes the location to which it must be returned. 6. KSC does not refund packaging, shipping, handling, loading or any other fees whatsoever (such as eBay fees) and any approved refund must be in writing and signed by an officer of the corporation. 7. KSC DOES NOT REFUND OR COLLECT FOR FREIGHT DAMAGE NOR DO WE SELL INSURANCE. Please remember that quality & beauty are always subject to personal opinion and as such there are certain risks involved in buying anything with out inspecting it. We are asset - remarketing specialists not one time sales artists so please feel free to bid or buy with confidence and if you do have a problem please call us with in 7 days of the shipping date.

Inspection and acceptance of goods: King Surplus Company invites all potential purchasers to inspect the good at it plant or on site at the location the assets are being liquidated. Buyers have either inspected or are proficient and knowledgeable enough to buy the asset sight unseen based on the photos shown. Buyer accepts the asset or assets being purchase in their current condition. Buyer waives any common-law or statutory right it may have to the repudiate or reject the goods in whole or in part upon delivery.

Acknowledgements: Buyer acknowledges that they have read this entire agreement and accepts all the terms and conditions stated herein before bidding or making an offer. Further, buyer represents that they have the authority to bid or otherwise enter into this agreement.

Modification: No modification, alteration or amendment of this agreement shall be valid or effective unless in writing and signed by an officer of King Surplus Company. No agent, employee, or representative of King Surplus has any authority to bind to any affirmation, representation or warranty concerning the goods outside of this contract unless signed by an officer of KSC.

Jurisdiction/Venue: This agreement is deemed to be entered into, executed, and performed in DEL RIO Texas and shall be construed, interpreted, governed, and enforces in accordance with the law of the State of Texas. The proper Venue for enforcement of this agreement shall be Val Verde County, Texas.

Severability: In the event any provisions of this Agreement and the Exhibits hereto shall be deemed invalid, inoperative or unenforceable by a court of competent jurisdiction for any reason, that provision or provisions shall be modified to the extent necessary to make it valid, operative, and legal, and if it cannot be modified, then it shall be served, and the remainder of this Agreement shall continue in full force and effect as if the Agreement has been signed with such provision or provisions so modified or eliminated.

Prior Agreements Superseded: This Agreement contains the entire understanding and agreement between the parties in respect of the subject matter hereof and supersedes all prior correspondence, discussions, and agreements. The essence of all prior correspondence, discussions, representations and agreements are embodied in this document. To the extent inconsistent herewith, prior correspondence, discussions, representations and agreements are superseded.

Force Majeure: Not withstanding any provision to the contrary herein contained, neither party hereto shall be liable to the other party for any unavoidable delay or interruption in performance as to any obligation hereunder resulting from governmental orders, regulations, labor strikes, acts of God, fires, electrical failure or any other cause beyond its control. Such delay or interruption shall not constitute a breach hereunder.

Assignment: Purchaser may not assign, convey or transfer this Agreement or any of the rights and obligations contained herein without the prior written consent of the seller.

 

 

 

 

 

 

 


PAYMENT TERMS

1. Up to $700.00-PayPal {PAYNOWLINK}

2. Up to $2000.00 Mastercard or Visa through our office (customer service or accounting 830-775-2580)

3. Up to $10000.00 Business or Personal check w/ 10 day hold. Company, and Personal checks $700-$10,000 US Dollars must be mailed, via FedEx Priority Overnight, UPS Next  Day Air, or UPS Overnight Certified Mail. There will be at least a 10 Day waiting period for all checks to clear. Please e-mail Accounting Dept.or fax us at 210-579-1838 with your tracking number for tracking your payment.

4. All amounts over $10,000 and international payments must be wire transfer. We can accept a Wire Transfer for any amount. Please contact your sales person or accounting at 830-775-2580.
Checks are to be made out and sent to:
KING SURPLUS COMPANY
ATTN: ACCOUNTING DEPT.
100 Ave. T
Del Rio TX, 78840
Phone 830-775-2580


SALES CONTRACT

All winning bidders must agree to the terms and conditions of our sales agreement, by bidding,making offers, and buying items you are consenting to these terms. Please read our sales contract carefully , if you do not agree to the these terms, please do not bid.

Follow this link to view our sales contract.



TEXAS RESIDENTS

Texas Sales Tax applies to all state residents unless we receive proof of a tax exemption or resale number.



EBAY TERMS

eBay charges King Surplus a service fee for each item we list. If a customer cannot or does not pay for an eBay purchase in the specified amount of time, we will file a non-paying bidder alert with eBay. We will hold the non-paying bidder responsible for the eBay fees and commission incurred by us. There will also be a restocking fee which is not less than $25 and not more than 25% which ever is greater. If the buyer does not pay we will block the buyer from bidding in the future, file a not payment with ebay and attempt to collect the amount through our local courts including all costs and attorney fees incurred. In order to protect our business with paying customers, we will leave negative feedback for non-paying bidders.

RETURN AND WARRANTY POLICY


King Surplus offers a money-back guarantee within 10 days of purchase on NEW items there is no warranty on items that are listed in the "As Is" or "USED" condition.

Our normal Return Policy does not apply to international shipments.

International bidders are encouraged to personally inspect or have a representative inspect the merchandise.

Click this link to view our Buyers Assurance 30 day parts only limited warranty:



STORAGE FEES


The following is the policy of King Surplus. pertaining to additional costs that will be incurred due to delayed pickup or shipment of purchased goods. Due to limited storage available at our warehouses our policy is that any items that have been paid for but have not been picked up or shipped within ten (10) days of the sale date, or will be charged daily storage fees as follows:

$6/day or $.05 per square foot, what ever is greater. Moneys incurred from this charge will be donated to charity.

Click this link to see our shipping terms.