This is an auction sale. All assets in this sale are sold on an “As Is - Where Is” basis.

Assets included in this sale may be used, therefore inspection is highly recommended prior to bidding. Photos and descriptions should be used as a guide only.

Delivery is not an option for this sale. The removal of goods purchased is the buyers responsibility.

Please take care when making a bid as once your bid is placed, it cannot be withdrawn and will not be cancelled. If you are unsure do not bid as no refunds will be given.

Terms & conditions can be found Clicking Here

In this document, unless the context otherwise requires:

• Boat means a boat of any kind, watercraft or marine vessel;
• Boat Auction means an auction we hold (whether online and/or at physical premises) where a Boat is offered for sale;
• Buyer’s Premium means a premium, being a percentage of the gross sale price of a Boat, charged by us to the purchaser in accordance with the User Agreement or On The Floor Auction Terms;
• Flat Rate Per Unit means a fixed fee, being a flat rate per unit, charged by us to the purchaser in accordance with the User Agreement or On The Floor Auction Terms;
• Invoice Amount means the amount on the invoice we issue to you for the purchase of the Boat which will include the purchase price and any other applicable fees and charges;
• On The Floor Auction means a physical auction we hold before an audience of bidders at a physical premises;
• On The Floor Auction Terms and Conditions means the terms and conditions that apply to an On The Floor Auction and are available from us upon request;
• PPSR means the Personal Property Securities Register;
• Site means the Grays website including Grays.com;
• Terms and Conditions means these Marine Auction Terms and Conditions;
• User Agreement means the Grays User Agreement available on the Site;
• Us/we/our means Grays (NSW) Pty Limited ABN 35 003 688 284 and our related entities; and
• Vendor means the owner of a Boat being sold at auction.

In interpreting this document, unless the context otherwise requires:

• The singular includes its plural and vice versa;
• Where a word or phrase is defined, its other grammatical forms have a corresponding meaning;
• A reference to a person includes a corporation, trust, partnership, unincorporated body or other entity, whether or not it comprises a separate legal entity;
• A reference to a party to this agreement includes its successors and permitted assigns;
• A reference to any agreement (including this agreement) or document is to the agreement or document as amended, supplemented, novated or replaced from time to time;
• Words such as including or for example do not limit the meaning of the words preceding them.

Product Condition

The Condition of each product is stated on its Lot Page. We strongly urge you to familiarise yourself with the Condition before bidding. This is because Grays sells a wide range of products in a variety of Conditions on behalf of our Vendors.

It's important that you read the Lot Description for possible additional information on the Condition of the product including any applicable warranty details. You should take the Condition and the Lot Description into account when you place your bid as we do not offer refunds if you change your mind about your purchase.

Information regarding Product Conditions can be found by clicking here: Shopping With Grays

GST Exclusive & Inclusive Examples

A Buyers premium applies to all lots purchased in this auction. Please refer to the individual sale or lot descriptions for the applicable percentage.

GST Exclusive example:

• Successful Bid Price is $10,001 + 10% Buyers Premium = $11,001.10 + 10% GST = invoice total of $12,101.21
• Successful Bid Price is $100,001 + 8% Buyers Premium = $108,001.08 + 10% GST = invoice total of $118,801.19
• Successful Bid Price is $200,001 + 6% Buyers Premium = $212,001.06 + 10% GST = invoice total of $233,201.17
• Successful Bid Price is $300,001 + 5% Buyers Premium = $315,001.05 + 10% GST = invoice total of $346,501.16

GST Inclusive example:

• Successful Bid Price (Inc GST) is $10,001 + 10% Buyers Premium = $11,001.10
• Successful Bid Price (Inc GST) is $100,001 + 8% Buyers Premium = $108,001.08
• Successful Bid Price (Inc GST) is $200,001 + 6% Buyers Premium = $212,001.06
• Successful Bid Price (Inc GST) is $300,001 + 5% Buyers Premium = $315,001.05

Variable Buyers Premium:

A Variable Buyers Premium may apply to this sale, a Variable Buyers Premium will automatically adjust as the bid price reaches the above examples.

The Buyer’s Premium will be added to your final bid price.

GST refund for exported assets

To claim a GST refund for an asset that has been exported, you must:
• Notify us of your intent to export within five (5) days of the Sale closing date
• Pay your invoice in full (including any GST)
• If the asset is ex-military, obtain a Dept of Defence Export Authorisation Permit and complete a Customs Export Declaration form prior to export. See Military Exports
• Supply proof of export of the asset within 60 days of the invoice payment date. Acceptable documents are a Bill of Lading, Sea Waybill or Air Waybill
• Please note that refund of GST on Buyers Premium (a service) is only available to overseas buyers

Payment

This site does NOT accept payment on collection. We ask you prepay by the following: Invoice totals exceeding $10,000 must be paid by direct deposit within 2 days of auction closing. For invoices totalling in excess of $10,000 Grays reserves the right to charge a deposit against the purchaser’s credit card to a maximum of $10,000 or 20% of the invoice total. In bidding in this sale, the buyer agrees without reservation to Grays doing so. Email our Accounts Team on accountsreceivable@grays.com.au for an exact invoice total. Please note that cash, personal or company cheques will not be accepted. For invoices totalling less than $10,000, your credit card will be debited within 2 days of auction closing. To assist in the processing of payments please have funds available. Invoice totals exceeding $10,000 will not be split.

Any payment enquiries, please email accountsreceivable@grays.com.au

As registration and ownership requirements vary from state to state, you should familiarise yourself with the registration requirements of the state in which the Boat will be registered.

You are responsible for any state or territory fees which are payable to effect the transfer of ownership of the Boat to you (or your nominee), including any transfer fees, registration charges, stamp duty, number plate fees, and any late transfer surcharge or other duties.

You are responsible for arranging for the Boat purchased to be registered in your name, or your nominee’s name.

Please Note: Proof of Full Vaccination (Double Dose) Must Be Provided for Access to Site.

Collection Notes:

• Any items remaining uncollected after the specified timeframe may be deemed abandoned and disposed of unless prior arrangements have been made with the respective contact listed on the sale.
• Goods will only be released with the correct buyer details being provided (full buyer name, sale number, Lot number and I.D.).
• Grays may take a copy (photocopy or electronic copy) of the document that proves the Registered Buyer’s identity, such as a driver licence or other photo ID. Taking such a copy is reasonably necessary for Grays’s business activities. The copy will be collected, held, used and disclosed by Grays in accordance with the Grays Privacy Policy
• Asset packaging and removal are the purchasers responsibility in the time frame specified for this sale.
• Please be aware during busy periods an extensive wait time should be expected.

COLLECTION CAN ONLY TAKE PLACE ONCE CLEARED FUNDS HAVE BEEN RECEIVED

Please Note: Enclosed footwear must be worn at all times when inspecting or collecting goods.

• Collection of the assets is the responsibility of the purchaser.
• Grays - WILL NOT package your item or organise a courier / transport for the purchaser.

Site Access:

• Persons under the age of 16 years will not be permitted on site unless accompanied and supervised on site.
• It is a condition of entry that all persons entering the site comply with any directions given by Grays staff, their representatives or the site controller.
• It is a condition of entry that all persons conduct themselves in a manner which does not endanger the health and safety of other persons on site, and which does not create a risk to health and safety.

Personal Protective Equipment (PPE):

• Grays will specify, according to the hazards and risks assessed as present on the site, any mandatory PPE required to be worn prior gaining approval to entry to the site. This equipment may include Safety Footwear, Safety Eyewear, Hearing Protection, and Head Protection, or any other item of PPE deemed necessary.

For an obligation free appraisal and quote or to learn more about selling at Grays, please visit SELL AT GRAYS