Payment Methods: We accept cash, debit, and credit cards. Auction Times: 6:00 PM Thursday, July 22nd, 2021 through 9:00 PM Sunday, July 27th, 2021. Load Out Times: Monday through Friday (7/26-7/30) from 11 am - 6 pm, and Saturday (7/31) from 10 am - 2 pm. Location: 8301 Washington St NE, Unit 5, Albuquerque, NM 87113 Customer Service Phone: 505-503-6737 Removal Assistance: Winning bidders are solely responsible for the removal of purchased items and must bring their own help. ***Credit Cards will be charged the final day of loadout for unclaimed lots and items will be forfeit if not picked up*** FOR SHIPPING DETAILS PLEASE CONTACT gemliquidatorsnm@gmail.com By viewing or using the HiBid website or participating in any auction, you are agreeing to be legally bound by our General Terms and Conditions and these Auction Details. If you do not agree with the General Terms and Conditions or Auction Details, you may not participate in any auction or continue to access or use the HiBid Website. Continued access or use of the HiBid website, or participation in any Auction constitutes your agreement with our General Terms and Conditions and the applicable Auction Details. General Terms & Conditions Intro: The following terms govern the relationship between GEM Liquidators, herein after referred to as Auctioneer or Auction Company, and you, herein after referred to as Bidder. These terms and conditions are legally binding. These terms may be amended up until the time of the auction closing. 1. Registration a. Bidder will register with correct and complete information. Auctioneer is not responsible for any issues arising from incomplete or incorrect information provided by the Bidder, e.g. notifications from the Auctioneer about changes to the auction. b. Bidder is required to provide a credit card to bid with Auctioneer. Upon approval bidder can place bids.= 2. Bidding a. Any bids placed by the Bidder cannot be rescinded for any reason. b. Bidder is responsible to ensure that the bid being placed is accurate. If Bidder makes an error placing his or her bid, Bidder is responsible to contact Auctioneer as soon as possible. Auctioneer's only remedy is to reduce Bidder's bid to the current high bid. c. Bidder is responsible to ensure that Bidder is able to complete sale prior to bidding. aa. Bidder is responsible to know the location of the auction items and the check-out times prior to bidding to ensure that Bidder is able to complete the sale. e. Pending Bids are bids that are placed that are not immediately put into effect. There are two reasons typically that would cause a bid to be pending: aa. Bids over $1,000 are pending due to a setting the Auctioneer has chosen to prevent accidental and fake bids. Auctioneer will approve bid after making personal contact with Bidder. f. Bidders with negative Hibid scores (see section 4, iv, 1 for details) will find their bids are pending. Auctioneer may approve Bidder at Auctioneer's discretion. 3. Inspection a. Auctioneer will provide a minimum of one inspection period per auction event. Inspection will be available until auction close. b. Bidder is responsible to attend during announced inspection times. In the event the Bidder cannot, Bidder is responsible to make alternate arrangements, e.g. contacting Auctioneer with questions, sending a proxy to inspect auction items. c. Auctioneer will make statements of known defects. However, Auctioneer will not be aware of all defects, and cannot be held liable for unknown defects. d. Bidder is responsible to form own opinions of value, condition, or other factors that will affect his or her bid. e. Auctioneer will provide a basic description to aid Bidder, but this description shall not be binding in any way. 4. Close of Auction & Invoices a. ALL SALES ARE FINAL. b. All invoices are subject to a 15% buyer's premium and a 7.825% Sales Tax. c. Refunds will only be issued in cases where Auctioneer or Seller cannot provide clear ownership documents, such as title or other applicable documents. In these cases, Auctioneer's only liability is the bid, buyer's premium, and any sales tax collected at the time of sale. Auctioneer will not be liable for any costs accrued after purchase, including but not limited to costs for repairs or maintenance. d. All invoices will be paid by close on the final day of loadout. aa. Auctioneer accepts cash and credit or debit cards as payment. bb. Auctioneer reserves the right to require certified funds payments in certain instances which include but are not limited to previous check return or specific items or auctions. Certified Funds include cash, credit or debit cards, and cashier's checks. e. Additional time may be granted on a case-by-case basis, but not to exceed 10 business days. Additional time must be requested before close on the final loadout day. f. If invoices are not paid within the allowed time frame, Auctioneer will charge card used to register for auction. g. Auctioneer is part of a nationwide network of auctioneers that use the Hibid bidding platform. Hibid has developed a rating system for Bidders to protect auctioneers. Bidders accrue points anytime Bidder places bids and registers for auctions. Any time a bidder is permanently declined, the bidder loses 20 points. If a bidder has a negative score, he or she may not be able to bid with other auctioneers on the Hibid platform. h. If Bidder wishes to reinstate his or her bidding ability with Auctioneer, Bidder will pay Auctioneer lost commission on the unpaid invoice, including buyer's premium and seller's commission, plus $25 fee. This fee will be paid by Bidder prior to reinstatement. i. If Bidder allows a second invoice to go unpaid for more than 5 business days, the Bidder's account will not be reinstated. j. In cases where the auction event takes place on location, Bidder is responsible to know when Bidder needs to pay his or her invoice. If Bidder does not pay or pick up his or her purchases within the allowed time frame, Auctioneer will permanently decline Bidder unless other arrangements are made within 5 business days of the auction closing. 5. Item Forfeiture a. Items and lots not paid and claimed by close of the final day of loadout as declared in auction terms will be forfeit. b. Forfeited items transfer back to the auctioneer, and the auctioneer retains all rights on the property. 6. Shipping a. Bidder is responsible to contact Auctioneer and request shipping. Ideally, this will be done prior to auction closing, but can be done post-auction by replying to invoice email before close of loadout day. b. Bidder will pay all shipping costs, including any additional insurance requested by Bidder. Shipping costs will be added to invoice, and Bidder will pay entire invoice prior to shipping. c. Auctioneer will package purchases to the best of Auctioneer's ability. However, Auctioneer will not be responsible in case of shipping damage for any reason. d. No firearms will be shipped unless the buyer provides a copy of a valid Federal Firearms License.