Successful Bidder’s failure to fund the total offer price within 5 business days after notice of acceptance will result in forfeiture of any deposits. In any case, any remaining amounts due must be deposited into National Liquidators escrow account, within 5 business days after notification of acceptance of an offer (either verbal or electronic). Upon notification of acceptance of an offer (either verbal or electronic), successful Bidder has 5 business days to complete any and all conditions listed above in the “Conditions Of Offer”. Upon notification of acceptance of an offer (either verbal or electronic), successful Bidder has 1 business day to deposit into National Liquidators escrow account, the greater of 10% of Gross Offer or $1,000. Responses typically occur within 48 hours, no response constitutes a rejection of theoffer. The Seller, at its sole option, may accept or reject with or without a counter offer.
The high offer on a particular vessel is submitted to the Seller for consideration the following business day. In the event a particular Monday is a Federal Holiday, the deadline is extended an additional 24 hours. Offers are accumulated weekly through each Monday at 4:00 PM ET.
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