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FAQs

F.A.Q.'s

What is a 'Sealed Bid Sale'?
A Sealed Bid Sale means that no one knows what anyone else is bidding. Each bidder places a private bid based on their own assessment of the asset.
What does 'as is, where is' mean?
No warranties, expressed or implied, by Cooper Capital Specialty Salvage, LLC, are made as to the condition of any asset offered and no adjustments will be made once the asset has left the storage facility.
When does the bidding end?
Midnight, eastern standard time, of the date provided.
What does 'Bidding Ended' mean?
Bidding has ended and no additional bids are being accepted at this time. Bids are reviewed by Cooper Capital Specialty Salvage, LLC to determine the winning bidder or if the bid period should be extended.
What does 'Pending Sale' mean?
A winning bid has been accepted. The bidder has been notified and we are awaiting payment.
What does 'Call' mean?
Call means that if you are interested in this particular asset, we ask you to call our office at (860) 395-4745, as there may be special circumstances regarding this sale.
What is "required to register?"
In order to take part in our on-line bidding process, you must register your contact information. There is no fee to register with Cooper Capital Specialty Salvage, LLC.
How do I place a bid?
You must be registered on our website to place a bid. Follow the login instructions.
What is the minimum bid amount?
The minimum bid amount is an amount placed on an asset to serve as a guide for novice bidders. Most assets bring considerably more than the minimum bid and the minimum bid amount does not obligate Cooper Capital Specialty Salvage, LLC to sell the asset.
Does the minimum bid amount change as bids are recieved?
The minimum bid amount does NOT reflect the current bid.
Can I place a bid below the minimum?
You cannot place a bid below a minimum. If you have questions, please email info@cooperss.com.
Can the storage facility give me details about the asset?
No. These facilities are contracted for storage purposes only. They are not to provide information regarding the previous or current condition of the asset. Contact Cooper Capital Specialty Salvage, LLC for any and all questions.
How do I go about visiting a vessel?
You must obtain a waiver form from Cooper Capital Specialty Salvage, LLC either by email (info@cooperss.com), or by calling (860) 395-4745. The waiver form must be completed and transmitted back to Cooper Capital Specialty Salvage, LLC and must be presented to the storage facility in order to personally inspect an asset.
How do I know if I won the bid?
The winning bidder will be notified by email, telephone, or facsimile.
How do I know if the trailer is included?
If a trailer is included, it will be listed with a separate set of specifications under "trailer information". Please look carefully for "NO TRAILER" as most of our assets are NOT sold with a trailer.
Why would a bid not be accepted even if it is over the minimum?
This is not an absolute auction. We retain the right to accept or reject any and all bids. Please review "What is the minimum bid amount," above.
Why would a bid deadline change?
Rarely does a bid deadline change. At times, we are forced to amend a bid deadline date. We reserve the right to re-list an asset if additional information is obtained.
What kind of selling paperwork comes with the sale?
If the vessel is sold in a title state, you will receive a title. If it is a registration state, you will receive a registration and a Bill of Sale. If it is documented with the United States Coast Guard, you will receive a USCG Bill of Sale and a Certificate of Documentation. Please note that all selling paperwork is made out in the name and address of the registered bidder. No exceptions are made.
Why do you recommend that I visit the vessel?
Caveat emptor is Latin for "let the buyer beware." Make your own assessments of all assets prior to engaging in the bidding process.
If a survey has been done, can I have a copy?
A survey is proprietary information. It is owned by the insurance company and not available to the public. Our descriptions are based on the survey.


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