Terms And Conditions
1. Definitions:
“Buyer” refers to the party purchasing Cash For Yachts salvage.
“Seller” refers to the party selling Cash For Yachts salvage.
“Cash For Yachts Salvage” includes all materials, equipment, and items retrieved from global environments.
2. Scope of Agreement:
These terms and conditions govern the sale of Cash For Yachts salvage from Seller to Buyer.
3. Inspection and Acceptance:
The Buyer shall have the right to inspect the salvage upon delivery. Acceptance of the salvage shall occur after the Buyer has had the opportunity to inspect and has not made any written objections within a specified period.
4. Pricing and Payment:
Prices shall be agreed upon prior to delivery and include all relevant taxes and fees. Payment terms will be specified in the invoice, typically due within 30 days of the invoice date.
5. Delivery:
Delivery terms shall be agreed upon and stated explicitly, typically adhering to Incoterms (International Commercial Terms). The Seller is responsible for delivering the salvage to a mutually agreed-upon location.
6. Title and Risk of Loss:
Title and risk of loss transfer to the Buyer upon delivery and acceptance of the salvage.
7. Compliance with Laws:
Both parties agree to comply with all applicable laws and regulations related to the handling, storage, and transportation of Cash For Yachts salvage.
8. Warranty:
The Seller warrants that the salvage is as described in the accompanying documentation. No further warranties are expressed or implied unless specifically stated in writing.
9. Limitation of Liability:
The Seller’s liability is limited to the amount paid by the Buyer for the salvage. Neither party shall be liable for indirect or consequential damages.
10. Dispute Resolution:
Any disputes arising from this agreement shall first be attempted to be resolved through mediation. If mediation fails, disputes shall be resolved through binding arbitration in accordance with the rules of an agreed-upon arbitration body.
11. Force Majeure:
Neither party will be responsible for delays or failures in performance resulting from acts beyond their control. Such acts include but are not limited to acts of God, strikes, lockouts, riots, acts of war, epidemics, government regulations superimposed after the fact, fire, communication line failures, power failures, earthquakes, or other disasters.
12. Amendment and Modification:
Any amendments or modifications to these terms must be in writing and signed by authorized representatives of both parties.
13. Termination:
The agreement may be terminated by either party upon written notice if the other party materially breaches the terms and fails to correct the breach within a specified timeframe.
14. General Provisions:
This agreement constitutes the entire agreement between the parties. This agreement is governed by the laws of the jurisdiction in which the Seller operates. Any notices required or permitted to be given hereunder shall be given in writing and shall be validly given if sent by recognized courier or registered mail.
MEMBER TERMS AND CONDITIONS
Last revised: May 20, 2025
SECTION A: Cash For Yachts UNITED STATES (“U.S.”) STANDARD TERMS AND CONDITIONS
These terms and conditions govern all items offered for sale by or through Cash For Yachts facilities located in the U.S.
SECTION B: Cash For Yachts CANADA STANDARD TERMS AND CONDITIONS
These terms and conditions govern all items offered for sale by or through Cash For Yachts facilities located in Canada.
SECTION A – U.S. STANDARD TERMS AND CONDITIONS
As a condition to entering into any transaction through a website maintained by Cash For Yachts, Inc. (collectively, “Cash For Yachts’ websites”), for any item offered at or through a Cash For Yachts facility in the U.S. (including at a live auction conducted by Cash For Yachts), you (“Member”) agree to be bound by the following Terms and Conditions. Cash For Yachts reserves the right to amend these Terms and Conditions at any time without prior notice to you. In addition, any terms and conditions printed on Cash For Yachts sale sheets, any conditions displayed on Cash For Yachts’ websites, and the Image and Data License Agreement, the Cash For Yachts Website Terms of Service, and the Cash For Yachts Privacy Policy are incorporated into these Terms and Conditions by reference. Unless otherwise stated, all fees are quoted in U.S. Dollars.
These Terms and Conditions affect your legal rights against Cash For Yachts. You should read the entire Terms and Conditions carefully before accepting them. By registering as a Member and/or placing a bid in a Cash For Yachts auction, you represent and warrant to Cash For Yachts that you have read and understood the Terms and Conditions in their entirety and that you agree to be bound by them in all respects.
Assets offered for sale on Cash For Yachts’ websites are sold through our Internet-based auction selling platform. Only registered and verified Members in good standing are permitted to bid on assets.
I. DISCLAIMERS
A. Asset Condition and History Disclaimer.
Except as otherwise expressly provided by applicable law, ALL ASSETS ARE SOLD “AS-IS WHERE-IS.” WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE OR MERCHANTABILITY. As used in these Terms and Conditions, “asset(s)” means all items posted for sale on Cash For Yachts’ websites and otherwise offered for sale at Cash For Yachts facilities, including but not limited to cars, trucks, motorcycles, boats, jet skis, industrial equipment, trailers, RVs, etc. “Assets” also include miscellaneous salvage items that are posted for sale on Cash For Yachts’ websites under the heading “Other Goods.”
Cash For Yachts and its asset sellers expressly disclaim the accuracy or completeness of any and all information provided to Members regarding assets, whether provided in written, verbal, or digital image form (“Asset Information”). Asset Information provided by Cash For Yachts and its asset sellers is for convenience only. Members shall not rely on Asset Information in deciding whether or how much to bid on an asset offered for sale through Cash For Yachts. Asset Information includes but is not limited to: year, make, model, condition, ACV, damage amount, damage type, drivability, accessories, equipment, mileage, odometer disclosures, asset identification number (e.g., “VIN,” “HIN,” and serial number), title, repair cost, repair history, title history, and total loss history.
II. SALE POLICIES
A. Bid Rejection. Cash For Yachts reserves the right to reject or void bids for any reason, in Cash For Yachts’ sole and absolute discretion.
B. Sale Cancellation. Cash For Yachts may, in its sole and absolute discretion and with or without notice, postpone or cancel a sale or withdraw an asset from a sale.
I. Risk of Loss. Each Member takes full responsibility and assumes all risk of loss for all assets purchased from the time Cash For Yachts accepts the Member’s bid. From and after acceptance of the Member’s bid, the Member acknowledges that Cash For Yachts is acting as bailee of the Member’s asset until such time as the asset is removed from Cash For Yachts’ premises.
III. ASSET EXPORTS
All Asset Export Transactions are subject to U.S. export laws and regulations. All Members agree that Cash For Yachts will not be identified as a party to an export transaction in any EEI filing in such cases.
IV. MEMBERS
A. Member Eligibility. You may sign up as a Member at Cash For Yachts if you are at least 18 years of age.
I. Release of Liability and Indemnification. Members and their visitors irrevocably and unconditionally waive and release their rights to recover from Cash For Yachts, its directors, officers, employees, representatives, agents, subsidiaries, partners, contractors, storage facilities, and affiliates, and asset sellers (“Cash For Yachts Indemnitees”) any and all damages.
V. FEES, PAYMENT, AND DELIVERIES
A. Fees. All Members agree to pay the buyer and seller fees and other fees applicable to each asset purchase or sale.
B. Payment. Payment for assets and fees may be made by WIRE TRANSFER ONLY. Buyer has 5 days after sale date to send confirmation of wire transfer.
VI. CHOICE OF LAW AND VENUE
Any action or proceeding arising directly or indirectly out of an asset bid or purchase transaction shall be conducted in the state/province and county where the asset was located at the time the bid was entered, and the substantive laws of such jurisdiction shall apply.