Terms & Conditions
- ACCEPTANCE OF TERMS AND CONDITIONS
By using GLOBAL VALUE SUPPLY, you agree to be bound by all terms and conditions contained in the T&C. If you do not agree with the terms and conditions of the T&C at any time, you will discontinue your use of GLOBAL VALUE SUPPLY.
Hereby user understands and confirms that GLOBAL VALUE SUPPLY's legal name is Global Value Supply LLc. In some instances Global Vehicle Supply may be referred to as GVS (abbreviation).
1.1 REVISION OF TERMS AND CONDITIONS (T&C) GLOBAL VALUE SUPPLY reserves the right to update or revise the T&C at its discretion and without notice. You are responsible for checking the T&C periodically for changes. You can review the most current version of the T&C at any time at: [www.globalvehiclesupply.com]. If you continue to use GLOBAL VALUE SUPPLY following the posting of any changes to the T&C, you agree to be bound by these changes.
1.2 VERIFICATION OF INFORMATION The material that appears on GLOBAL VALUE SUPPLY is for informational purposes only. Despite our efforts to provide useful and accurate information, errors may appear from time to time. Before purchasing vehicles and/or related services that you have read about on GLOBAL VALUE SUPPLY, you should confirm any information (including the price) that is important to your purchasing decision. GLOBAL VALUE SUPPLY is not responsible nor makes any warranty, express or implied, or endorsement regarding any vehicles being posted for sale on GLOBAL VALUE SUPPLY or as to any of the related services that are being offered through this site. We are also not responsible for controlling the vehicles posted for sale or services being offered through this website, or any losses that you may incur while using our site. GVS will make a best effort to assist buyers to ensure that vehicle information is verified via pre-sale and or post-sale inspections (fees may vary by state and auction- contact GVS for more details as these fees are dynamic and not controlled by GVS).
1.3 RIGHT TO DENY USE GLOBAL VALUE SUPPLY reserves the right to deny use of this website to anyone who does not comply with these requirements or who otherwise uses this website in a manner that the operators of GLOBAL VALUE SUPPLY deem inappropriate.
1.4 "AS-IS" AND "WHERE-IS" POLICY Although GLOBAL VALUE SUPPLY cannot monitor every listing posted on our website, it reserves the right, but assumes no obligation, to delete, move, or edit any listings or postings on our website. You understand and agree that the Services are provided "AS-IS" and "WHERE-IS", and that GLOBAL VALUE SUPPLY assumes no responsibility for the condition, timeliness or non-delivery of inventory(s) and/or related services.
- DESCRIPTION OF SERVICE
GLOBAL VALUE SUPPLY is an online automotive listing and auction site that brings together automobile dealers, manufacturers, banks, insurers, leasing companies, exporters and shippers along with various other automotive service and automotive industry professionals. All inventory lots/products purchased through our website are for export out of North America purposes only. As a registered member of GLOBAL VALUE SUPPLY we can assist you with:
gaining access privileges at major auctions for clearance, returns, discontinued, freight damage goods;
procurement of inventory on behalf of clients (following pre-established parameters made by client)
You understand that GLOBAL VALUE SUPPLY does not control the price and any other terms of any sale offered through its website and that these are strictly within the control of the seller and/or dealer.
You further understand and agree that GLOBAL VALUE SUPPLY as a neutral facilitator in this process has no control over the truth, accuracy, quality, legality, or safety of postings made by users, sellers, dealers, brokers and other automotive industry professionals. You understand and agree that GLOBAL VEHICLE SUPPLY cannot and does not confirm or verify the identity, background, qualifications, or abilities of users, sellers, dealers, brokers and the like, nor does GLOBAL VALUE SUPPLY guarantee the condition and/or quality of the vehicles or services that are offered up for sale through this site.
- MEMBERSHIP & REGISTRATION RIGHTS AND OBLIGATIONS
To obtain access to many of the features of our website, you will be given the opportunity to register with GLOBAL VALUE SUPPLY. GVS requires Buyers and Sellers to register if they wish to use any of the features of the website. Only Buyers that are exporting purchased products out of North America can place bids on any vehicle that is posted for auction on this site. In consideration of your use of the Service you agree to:
If you provide any information that is untrue, inaccurate, not current or incomplete, or GLOBAL VALUE SUPPLY has reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, GVS has the right to suspend or terminate your account and refuse any and all current or future use of the Service (or any portion thereof).
Registered members have access to such features as upcoming schedules of auctions, and detailed information related to auction inventories. You additionally understand that there are particular features and/or services provided through GVS that may have their own auction/purchase policies and/or terms of services; by using these features/services you agree to be bound by their respective terms.
Members agree and acknowledge that an existing member cannot change personal information him or herself once it has been inputted into the GLOBAL VALUE SUPPLY Website System. The existing member must make a formal request by emailing administration at firstname.lastname@example.org.
Membership at GLOBAL VEHICLE SUPPLY is only open to individuals 18 years of age and older. Nevertheless, GLOBAL VEHICLE SUPPLY reserves the right to deny membership privileges to any individual, in its sole and absolute discretion.
- DEALER AND SELLER ACCOUNTS
You will receive an account designation, along with its associated User ID and Password, upon completing the registration process. You are responsible for maintaining the confidentiality of your User ID and Password, and you are fully responsible for all activities that occur under your account.
You agree to immediately notify GLOBAL VALUE SUPPLY of any unauthorized use of your account or any other breach of security and to ensure that you exit from your account at the end of each session. GLOBAL VALUEE SUPPLY cannot and will not be liable for any loss or damage arising from your failure to comply with this Section.
- FEES, PAYMENT AND DELIVERIES
You agree to pay all customary Auction fees and charges for services rendered in connection with the purchase and sale of vehicles; including without limitation, buyer fees, sale fees, entry fees, loading fees, storage fees, and other customary fees and charges. It is the sole responsibility of the Buyer to verify fees charged by GLOBAL VALUE SUPPLY prior to incurring such charges. All fees and charges are subject to change without notice. Payment for vehicles must be made within 3 business days following purchase of vehicle. Vehicles not paid for within the above-specified timeframe will be subject to a Late Fee of 0.125% per vehicle per day; GLOBAL VALUE SUPPLY in its sole discretion reserved the right to waive any penalties or late fees. Purchasing deposits and outstanding balance for vehicles must be paid by bank wire transfer. GLOBAL VALUE SUPPLY will absolutely not accept any letters of credit, or checks, certified or otherwise.
You agree to pay GVS a procurement fee for any vehicle purchased on your behalf via live auction, virtual auction, inventory liquidation, wholesaler, or private party. You also understand that GVS does not warrant vehicles purchased and will make a best effort to ensure that the vehicles purchased for our clients are in accordance with vehicle descriptions that are offered by sellers. This fee will vary by negotiation and may vary from account to account based on the complexity and volume of each individual contract.
- TERMS OF SALE POLICY
Members acknowledge and agree that the Buyer is responsible for all vehicles purchased through GLOBAL VALUE SUPPLY. The Buyer agrees and acknowledges that any vehicles purchased MUST be exported out of USA or Canada and cannot and will not be resold in USA or Canada.
All transactions are in USD (United States Dollars).
- AUCTION POLICIES
If Buyer bids/requests procurement on an inventory lot, that Buyer is obligated to complete the transaction. GLOBAL VALUE SUPPLY is in no way responsible if a Buyer's registration information, including ID and password is lost, misplaced or stolen. Buyers agree to indemnify, defend, and hold GLOBAL VALUE SUPPLY harmless from any and all liability arising out of decisions made in resolving disputes. GLOBAL VALUE SUPPLY may, in its sole and absolute discretion and with or without notice, postpone or cancel a sale or withdraw a vehicle from auction. GLOBAL VALUE SUPPLY will neither have liability nor obligation to Buyers as a result of any offering withdrawal, or auction cancellation or postponement.
7.1 RECORDING OF TELEPHONE BIDDING POLICY Members of GLOBAL VALUE SUPPLY consent and acknowledge that GLOBAL VALUE SUPPLY may record live telephone bidding to verify and authenticate bids.
GLOBAL VALUE SUPPLY reserves the right not to release any inventory lot for any reason.
GLOBAL VALUE SUPPLY shall not be responsible for damage that is brought to the attention of GLOBAL VALUE SUPPLY management after the vehicle is retrieved (picked up) at auction. Buyer will have been deemed to accept delivery of the inventory in its present condition once the auction is completed and the inventory lot is available to be picked up by the Buyer.
- PURCHASE CANCELLATION POLICY
Late fees of 0.125% per day will be applied to all unpaid purchased cars. If GLOBAL VALUE SUPPLY does not receive the payment or confirmation of the payment during 5 days after the purchase, GLOBAL VALUE SUPPLY will consider your purchase cancelled. In that case your car will be relisted and a minimum fee of $400 or 10% from the bid/purchase amount will be charged and/or and your car will be put up for sale and all the costs that will be applicable to a resale of the vehicle will be billed towards your deposit.
- REFUND POLICY
All bank wire transfers will be refunded upon your request. Transfer time for the bank wire transfer is 5-7 business days. Please note we will deduct a bank wire fees of no more than 50$ per refund if made by bank wire transfer. If one or more purchases is made by buyer, GVS at its own discretion may chose to waive refund fees as a courtesy.
- OCEAN SHIPPING POLICY
The Buyer is responsible for all international ocean transportation. GLOBAL VALUE SUPPLY can assist/ arrange all international ocean transportation. GVS will not be held responsible for any damages in the course of shipping or delays of shipments. The Buyer does have the option to purchase marine insurance for an additional fee.
In order for GVS to assist with transportation solutions, the Buyer must first provide:
All vehicles exported out of North America may or may not be inspected by US / Canada customs at anytime. GVS reserves the right to transfer any US or CANADA customs inspection charges to the buyer.
In case Members wish to arrange for their own Ocean transportation, GVS will only deliver vehicles to shipping company bonded warehouse or directly to the exit port.
- LOCAL GROUND SHIPPING POLICY
Members acknowledge and agree that all local ground transportation of purchased vehicles will be handled by GLOBAL VEHICLE SUPPLY exclusively.
- CHANGES IN LAW POLICY
Members agree and acknowledge that GLOBAL VALUE SUPPLY the laws and regulations originating from Canada and the United States of America and the members agree to indemnify GVS for any losses and/or damage resulting in changes in laws and regulations originating from Canada and United States of America that may impact the transaction and/or service offered by GVS.
- USE OF GLOBAL VALUE SUPPLY CONTENT POLICY
Members agree and acknowledge that they will not use or reproduce any information on the GVS website without the express written consent of GLOBAL VALUE SUPPLY. Members agree and acknowledge that the use or reproduction of any material on the GVS website, without express written consent, constitutes an infringement of the intellectual property rights of GVS with respect to said content.