We have provided a section here for your most Frequently-Asked Questions, and to help you understand our online auction marketplace. Even though we've taken a comprehensive crack at anticipating what you might need to know, we may have missed something not listed here. For those situations, please contact us directly.  Our Website Rules also have good information regarding how to conduct business on our marketplace.

Definition of Surplus and Salvage

Salvage goods typically result from circumstances of accident, distress, or theft and may be heavily discounted according to their condition; nevertheless, they are goods that retain some market value—usually from 15% to 30% of the insurance claim value or 40-60% in the case of theft recoveries.

Surplus goods are typically overstocked items in new or nearly new condition. Surplus goods may sell for prices close to original market value. End-of-life or capital assets being liquidated by large corporations are also considered surplus. The condition of the goods ranges from "used" to "excess" that may have never been put into production.

Escrow

As escrow holder, SalvageSale has the obligation to safeguard funds and make no disbursements until (a) the buyer receives the product or (b) the Pick Up Date stated in the lot's terms has passed, and SalvageSale has made commercially reasonable efforts to arrange the products release to the buyer. To accomplish the administrative escrow duties, we have established a bank account where funds are held completely separate from SalvageSale's holdings and each transaction will be segregated and tracked by separate lot numbers. SalvageSale maintains a fiduciary/crime bond at all times within its scope of insurance coverage.

Once the seller selects a winning bid, the SalvageSale Web site will automatically generate a Request for Funding to the buyer. This request contains payment instructions, including information about the bank account reserved for that particular transaction.

* Upon receipt of this request, the buyer has 48 hours within which to fund the account via wire transfer.
* Upon funding, SalvageSale will notify the seller of our receipt of funds, and ask the seller to arrange the release of goods to the buyer.

When release of goods is complete or title has transferred, SalvageSale will immediately forward the net proceeds to the seller. "Net Proceeds" is the total price paid less SalvageSale's commission, any agreed fees for other services, and any applicable taxes payable on our services. If the Pick Up Date stated in the lot's terms has passed, SalvageSale will make commercially reasonable efforts to ensure that the product is released to the buyer. At that point, SalvageSale will forward net proceeds to the seller, regardless of whether or not the buyer has actually received the product.

In the rare case where issues arise, SalvageSale will work diligently with the buyer and seller to close the transaction, or will refund all monies to the buyer.

Receipt of Goods/Logistics

Unless otherwise noted in the terms of a sales agreement, it is the responsibility of the buyer to arrange for receipt and transportation of goods. SalvageSale may help arrange for transportation or provide a list of transportation companies.

The seller releases the goods to the buyer upon receipt of the buyer's signature on the shipping documents (or upon execution of a formal transfer of title, where required).

The terms of sale may also specify a storage fee if the buyer does not take possession of goods in a timely manner, as stated in the agreement.

Browser Requirements

To get a faster loading site and more interactive features, you must be using an updated web browser. We want to help make this as easy as possible for you so we’ve provided some links for you to download a FREE, upgraded browser. So click a link below, download a new web browser, install it, and try it out... we’re sure you’ll be happier with your internet experience because of it.



How does the 'Set Reminder' function work?

From all of our auction lots, you can click on the 'Set Reminder' graphic or link to add that lot's closing date to your calendar. By doing so, you will receive a personal reminder when the auction of your interest is about to end. The iCalendar function, which is what you will use to set your reminder, is compatible with most online calendars.

For more information about the iCalendar application, follow this link: http://en.wikipedia.org/wiki/List_of_applications_with_iCalendar_support

Prohibited Items

SalvageSale prohibits the sale of toxic, radioactive, explosive, or otherwise hazardous goods on its marketplace. For a complete explanation, please see our Lot Policy.

Auction Rules and Procedures

For optimum flexibility in buying and selling goods, SalvageSale applies rules and procedures as described below.

* The seller may stipulate terms of sale in the lot, as well as select the start and end times of the auction. All such times are expressed in Central Standard/CST time.
* Bidders place bids on the lot in accordance with the seller's terms of sale.
* All bids must be placed for the total quantity offered. SalvageSale does not deal in partial lots.
* Upon entering a bid, bidders will be able to view their current rank and place on their My Market section.
* The seller is able to view all bids placed on his lot, but does know the identities of the bidders.
* Once a winning bid is selected (either automatically or by the seller), the bidder will be notified via e-mail and receive a 'Request for Funding' on their Alert section that includes payment instructions.

SalvageSale Marketplace Team

SalvageSale's Marketplace Team is an integral part of the transaction process providing hands-on assistance to sellers and buyers. They help list salvage products, generate demand for the auctions, and provide specialized industry knowledge. Operations team members include:

Content Manager
Each client has an assigned Content Manager who works with them to gather product information. Together they compose the lots, showing the item in its best light to maximize response and reduce the need for inspections. Because the Content Managers provide the most detailed information available, many of SalvageSale's buyers do not feel the need to arrange for inspections.

Buyer Researcher
SalvageSale's research department monitors buyer activity to insure that enough buyers are participating to produce a robust auction. Additional buyer contacts are gathered, assessed, and relayed to the Buyer Outreach section.

Market Manager
Market Managers have industry expertise and specialize in heavy equipment, transportation, retail, aviation, steel, and food. Market Managers are the primary contacts for the live auctions and are responsible generating demand and creating a market for the product. They have the knowledge and experience to answer industry-specific buyer questions and coordinate inspections for interested buyers. At the end of the auction, the Market Manager brings the seller and the buyer together and facilitates the closing of the sale.

SalvageSale Neutrality

SalvageSale remains neutral by assisting both buyers and sellers equally. We do not take title to any of the items, and we provide assistance to both buyers and sellers in order to facilitate a fair and successful transaction.

International Transactions

As an Internet marketplace, we recognize no geographical boundaries. SalvageSale has established many global alliances and has facilitated many international transactions. Of course, SalvageSale is bound by international trade restrictions, as is any international company.

Standard Fee Schedule

Registering, lot items for sale, and bidding on items in the marketplace are free. Our standard fee schedule for completed transactions is set forth in the Standard Fee Schedule . Unless otherwise stated, all fees are quoted in U.S. dollars.

Transaction Settlement

In most instances, the process for settling a transaction is as follows:

* Step 1: SalvageSale notifies the buyer who was awarded a winning bid via e-mail. This e-mail includes a Request for Funding containing payment instructions.
* Step 2: The buyer funds the escrow account within 48 hours of receiving Request for Funding from SalvageSale.
* Step 3: SalvageSale confirms that the buyer has funded the escrow account and notifies the seller.
* Step 4: It is the responsibility of the buyer to arrange for receipt and transportation of goods; however, SalvageSale may facilitate the arrangements for transportation of goods. SalvageSale may mutually reveal the identities of the buyer and seller, but is under no obligation to do so.
* Step 5: The seller or seller's agent releases the product to the buyer and obtains the buyer's signature on the shipping document (or executes formal transfer of title where required).
* Step 6: Seller or seller's agent provides SalvageSale with a copy of the shipping document or title transfer documentation.
* Step 7: SalvageSale releases funds to the seller.

If Step 5 is not completed by the Pick Up Date specified in the lot's terms of sale and in the Request for Funding, SalvageSale will make commercially reasonable efforts to ensure that the product is released to the buyer. At that point, SalvageSale will forward net proceeds to the seller, regardless of whether or not the buyer has actually received the product.
Registration

Membership Requirements

Registration and participation on SalvageSale's marketplace is contingent upon acceptance of the User Agreement of the Web site. SalvageSale reserves the right to permanently revoke any registration.

Registration Process

Register to become an authorized SalvageSale member by clicking the Sign Up link here and elsewhere on the site. Membership is free. Indicate whether you are interested in buying or selling, and then complete the rest of the online registration form.

* Sellers: Applications from members who wish to sell must be verified by our staff. You will be notified of your acceptance via e-mail, usually within 24 hours.
* Buyers: Members who wish to register as a buyer will have their phone number and email addresses verified. They are also asked to select their product categories of interest so they may be notified of new products added to the SalvageSale marketplace. Please be specific in your category choices. Due to the number of products listed on SalvageSale, our lots generate many e-mail notifications. To avoid a full inbox, we advise you to select only the categories in which you are truly interested.

To bid on lots in the SalvageSale Marketplace, you must first validate your e-mail address by clicking an activation link that will be sent to you after registration. In an effort to continue strengthening the integrity of the marketplace, SalvageSale verifies all new buyer registrations before allowing members to bid. Once the verification process is complete, you will receive an e-mail with your login information.

Log In Instructions

To enter a bid, submit a lot or access your personal My Market page, you must first log in, which you can do by entering your user name and password at the top of the page or through the My Market section. Enter your user name (e-mail address) and password, and then click Submit. Once you have successfully logged in, you do not need to do so again, as long as you keep your session open and active. As a security precaution, a session is considered inactive after a period of 40 consecutive minutes with no activity. At such time, it will be necessary to log in again in order to resume activity.

User Name/Password Help

If you have forgotten your password, please click here , type in your e-mail address where indicated and click Submit. The system will automatically send it to you by e-mail.

If you have having trouble with your user name (your e-mail address) and password, please contact CustomerCare@SalvageSale.com for assistance. You will receive a prompt e-mail reply.

Managing Your Account Information


To change your user name and password, or to update your account information (address, phone, categories of interest, etc.), log in to the Web site (at the top) and from the My Market button on the blue navigation bar, scroll down and click on My Account.

Problems Receiving E-mail Messages

There are several reasons why e-mail from us may not reach you. SPAM filtering is one of them. Many Internet service providers will filter out messages from anyone who isn't on their list of recipients.

You may receive e-mails from us that originate from any of the e-mail addresses listed here: CustomerCare@SalvageSale.com, lots@SalvageSale.com

Add SalvageSale to Your E-mail 'Safe List' or Personal Address Book

If you've signed up with SalvageSale, you'll be receiving our SalvageSale e-mail new lot notifications for your selected categories. To ensure delivery of SalvageSale messages, you will want to add the SalvageSale e-mail address to your e-mail browser's safe list or address book. If you are not sure how to add an address to your e-mail safe list, check with your e-mail service provider.

Refer to following instructions if you are using Hotmail, Yahoo Mail, AOL, Outlook or Earthlink SpamBlock, SpamArrest, SpamCop.

Hotmail
To ensure that SalvageSale e-mail is not sent to your Hotmail Junk E-Mail folder, you can add the newsletter e-mail address or domain (A domain is the portion of the e-mail address that comes after @ -- e.g. @ SalvageSale.com) to your Hotmail Safe List.

* Go to the Options page. (upper right of screen)
* On the left side of the page, click Mail, and then click Junk E-Mail Protection.
* Click on Safe List.
* Type an address or domain (a domain is the part of an e-mail address that follows the @ sign) from which you always want to receive messages, and then click Add.
* Click OK.

AOL 7, 8
To ensure that you receive your SalvageSale e-mail notifications, place an e-mail ID in your AOL Address Book. Here's how:

* Go to Keyword Mail Controls
* Now choose 'Customise Mail Controls'
* For AOL 7.0, include in the section, "exclusion and inclusion parameters", the domains from which SalvageSale e-mail is sent: SalvageSale.com
* For AOL 8.0, choose "Allow mail from AOL Members and addresses listed"
* Type: SalvageSale.com
* Click Add.
* Choose "Ok" displayed at the bottom.

AOL 9.0
The best way to ensure that you will receive your SalvageSale e-mail notifications is to place an e-mail ID in your "Person I know" buddy list. All mail you receive from this e-mail ID will pass through the filters. So, make sure that when receive an e-mail from SalvageSale, it is ADDED to your buddy list.

Yahoo
Yahoo mail uses combination of bulk mail folders and filters. If you are not receiving your SalvageSale e-mail notifications, check your "Bulk Mail," locate the filtered SalvageSale e-mail notifications, and open the email, then click on the "Not Spam" button. Or to create filter for your SalvageSale e-mail:

* In Yahoo mail, click the "Mail Options" link on the top-right navigation bar, and then choose "Filters" located on the left side of the page, under the Spam column.
* To create a new filter, click the "Add Filter" link on the Filters page.
* Choose the field you want to match in the incoming message. For example, select the one of the following headers: From, To/Cc, Subject, or Body to match.
* Choose the criterion by which you want a match to be made. For example: contains, ends with.
* Enter the text string to compare. For example: @SalvageSale.com.
* Choose the destination folder to which you would like the message delivered. For example: SalvageSale. Note you can create a folder by selecting [new folder].
* If you have more than one filter, you'll also see "up" and "down" arrows to the right of the filter list. Use these buttons to select the placement of your new filter within your existing sequence of filters. Filter order is important because Filter 1 will be the first filter applied to an incoming message, Filter 2 will be the next, and so on until a match is made or all filters are passed. If no filters match an incoming message, it will be delivered to your inbox.
* Be sure to click the "Add Filter" button to put your new filter into effect, after you've selected a folder in which to file the e-mail.

Click the links below for online help for Yahoo Mail:
http://help.yahoo.com/l/us/yahoo/mail/original/manage/manage-35.html
http://help.yahoo.com/l/us/yahoo/mail/index.html

Outlook
When setting Junk E-Mail Filters in Outlook, the Junk E-Mail Filter is turned on by default. The first time Outlook moves a message to the Junk E-mail folder, it will notify you with a dialog box. To change junk e-mail settings in Outlook:

* On the Tools menu, select Options.
* In the Options dialog box, in the E-mail section, click Junk E-mail.
* Choose the level of junk e-mail message protection you want. Click OK.

To add a sender to your Safe Senders List, Safe Recipients Lists, or Blocked Senders List:

* Right-click on a message from the sender.
* Point to junk e-mail, and click either Add Sender to Safe Senders List, Add Sender to Blocked Senders List, or Add Recipient to Safe Recipients Lists.

For online help with Outlook 2007 and previous versions, click the link below:
http://office.microsoft.com/en-us/outlook/FX100487751033.aspx

SpamArrest, SpamCop and Earthlink SpamBlock
It is important that you add us to your safe list if you use a permission-based e-mail system such as Earthlink SpamBlock, SpamArrest or SpamCop. Permission-based filtering is a great way to limit the amount of spam you receive. However, your SalvageSale messages are sent by automated e-mail systems. The systems won't detect (let alone reply to) permission requests from SpamBlock, SpamArrest, SpamCop and other, so it is imperative that you take the initiative and add the SalvageSale addresses to your safe list.
Buying

What is Extended Bidding?

If any bids placed within the extended bidding interval of the lot End Time result in a change of the first place bid, the lot extends until no bids result in a change of the first place bid for the extended bidding interval.

There is no limit to the number of times a lot can be extended.

How do I bid?

After you have registered as a buyer, you will follow this process in order to place a bid:

* You must be a registered buyer member to place a bid on SalvageSale. If you are not already a member, please click here to do so.
* Select the product lot you want to bid on.
* Click on the "lot title" to view the detailed information about the product, including the seller's terms of sale.
* Enter a total bid amount.
* If the seller has opted to consider bid terms for the lot, enter any terms associated with your bid in the Bid Terms field. Bid terms may not conflict with or be deemed to modify SalvageSale's Terms and Conditions agreement.
* To submit your bid, click the 'Place Bid' button.
* A window will open asking you to verify your bid amount and any bid terms, where applicable.
* Click 'OK' if your bid information is correct. Click 'Cancel' to make changes.

How do I search for an item?

Use the Search box under the main navigation bar at the top of the page. Enter the item you would like to find and hit your "Enter" key or click on the "Search" button. You can also browse for products by categories on the main navigation bar.

How do I view a lot?

To view a lot in detail, click on the title of the lot or its corresponding picture.

How will I know if I am outbid?

If you are not the high bidder, you will receive an outbid e-mail. You will be notified of your bid rank, as well as your place and rank in the auction. In addition, we have a 48-hour funding policy and if the high bidder does not pay for the auction item within our timeframe, we may be in touch with you about purchasing the equipment, if you were the next highest bidder.

I was bidding on an auction that closed. What did it sell for?

Our auctions are based on a sealed bid process—meaning the bid amounts are not published. The place and rank you see during bidding are meant to serve as bid information for you. If your rank was 15-20, the high bid was likely well above your highest bid. If your rank was 2-4, you were likely close to the eventual high bid.

I've won the auction lot. What happens now?

Once a winning bid is selected (either automatically or by the seller), the bidder will be notified via e-mail and receive a Request for Funding message that includes payment instructions

Who are your buyer members?

Buyers of our auctions items include domestic and international product end-users, brokers, re-manufacturers, used equipment buyers, distributors, and purchasing managers.

Who are your current sellers of auction items?

We receive auction lots from property and casualty insurance companies, marine insurance companies, inland marine insurance companies, shipping lines, railroads, trucking companies, retail distributors, manufacturers, and corporate asset managers.

Why am I unable to place a bid?

When you registered as a buyer on our system, you were sent an e-mail with a hyperlink to click on to validate and confirm your e-mail address. If you did not receive that e-mail message, try checking your bulk or junk e-mail folder. Or, if you log in to SalvageSale with your e-mail address and password, you will see an "alert" at the top of your My Market page with a link you can click on to re-send the e-mail to you.

Benefits of Buying through SalvageSale

* Enjoy the benefits of e-commerce. SalvageSale offers flexibility, liquidity, and affordability.
* Reduce the costs of locating products. With SalvageSale you can search for a wide array of products and receive notifications of new lots in your specific areas of interest.
* Participate in dynamic pricing alternatives with SalvageSale's auction model.
* Track your results. SalvageSale provides reporting and tracking for each transaction, including bid history records.

Buyer Responsibilities

Buyers are responsible for verifying all information about a lot before placing a bid. You may contact a SalvageSale Market Maker or an independent, third party testing service. SalvageSale neither provides nor guarantees the accuracy of any product documentation.

Buyers are also obligated to comply with all terms of sale specified in the lot.

E-mail Notifications

SalvageSale members who are interested in purchasing products within a specific category or sub-category (e.g., Aviation --> Helicopters) may indicate their categories of interest when registering. Buyers may, at any time, review and modify their categories of interest by logging into My Market and clicking the Category Favorites tab under the My Account section.

If you wish to unsubscribe from all e-mail notifications, click on the Notifications tab and unselect the option to "Notify me of new auctions in my categories of interest." You will no longer receive e-mail notifications regarding new products.

Tracking Your Bids


All bid activity you conduct is displayed on your My Market page. You can access this page by logging in at the top right of the Web site (with your e-mail address and password) or by clicking the My Market button in the far-right area of the top blue navigation bar.

Features of the My Market page include the following tabs/areas:

* Alerts
o Important messages from SalvageSale will be listed here.
o Notifications to fund an item are displayed if you have won an auction.
* Private lots
o Any private lots, in which you have been authorised to participate, are displayed here.
o Follow the bidding instructions outlined in Placing a Bid in order to bid on these lots.
* Bid Activity
o All current lots in which you have placed a bid are listed here.
o You can see your rank in real time, and place bids from this area as well.
* Market Watch
o Your market watch displays all lots in which you have requested to add by clicking the 'Watch this lot' link on that lot's page.
o You can remove lots from your market watch by clicking the 'Remove from Market Watch' link next to that lot. This only prevents the lot from appearing in your market watch and has no affect on any bids placed on that lot.
* Bid History
o This section displays all bids that you have placed.
o Your bidding history displays auctions in order of most recent to older or past auctions.
* lots Won
o Any bids that were selected as the winning bid by the seller are displayed here.
o A link for 'Pay Via Wire Transfer' will display by your winning bids.
* Close to Me
o Current auction lots that are for sale within your area are listed here.

Bid Retractions

Bid retractions are not allowed on any lots. All bids placed on the SalvageSale Web site are binding and considered the legal equivalent of a purchase order. Should you choose not to honor your bid on SalvageSale's Web site, you will be subject to removal from the SalvageSale Web site as outlined in SalvageSale's Terms and Conditions agreement.

Should you make a clear, typographical error placing a bid on a particular lot, please contact the Market Maker assigned to that lot for assistance immediately.

Buyer's Premium

For each auction, the winning bidder my be required to pay a buyer's premium. Buyers will pay this fee at the same time that they wire the purchase price into the SalvageSale escrow account.

Buyer Default Penalty

If the winning bidder for an auction fails to fund the purchase price and other fees, this defaulting bidder will be assessed a penalty of $2,000 and will be barred from placing bids on any future auctions until the default penalty is paid. Both our buyer and seller community are frustrated by the small minority of defaulting bidders, and expect there to be a consequence. The default penalty must be paid by credit card, unless otherwise agreed to by SalvageSale. The defaulting bidder may be subject to other claims, damages or liabilities to the seller and/or SalvageSale. SalvageSale reserves the right to use a collection agency to collect any outstanding penalties.
Selling

How do I sell?

You must be a registered seller member to list a product on the SalvageSale marketplace. If you are not already a member, please click here to do so.

To start the process of selling on our marketplace:

* From www.SalvageSale.com, select register .
* Enter your personal account information into our online form.
* Agree to our Terms and Conditions .
* Confirm your registration through the online form by clicking the 'Register Now' button.
* Upon submitting your registration, you will receive an e-mail confirmation.
* Once you have registered, contact us and a SalvageSale team member will call or e-mail you regarding your lot to complete the process.

To list a product for sale on the SalvageSale marketplace, you must have ownership and/or the authority to sell the product. We deal in commercial quantities: truckloads, pallets, railcars and warehouses.

If you have any questions about lot a product or need assistance in doing so, please contact us .

Benefits of Selling through SalvageSale

* Increase your return on salvaged assets. Thousands of salvage buyers worldwide have access to SalvageSale, and we proactively solicit known buyers via e-mail, fax, and telephone.
* Reach more customers cost effectively. Our competitive auction format drives prices up to fair market value.
* Reduce selling costs. Inquiries from customers come to a single point for evaluation. Transaction and bidding information is seamlessly tracked.
* Use a neutral exchange. We are an independent business with no conflicts of interest. We will not manipulate or determine the market. We will facilitate the process and allow you to conduct your business in the manner you choose.
* Differentiate yourself from the competition. Sell your salvaged assets through a more efficient and effective channel and receive expert consultation when you are ready to sell your salvage.

Flexible Bid Selection

For special situations, sellers may want to allow buyers the flexibility of submitting bids with changes to the terms of sale in the lot. For the flexible bid auction format, the lot will state that buyers may submit bids with changes to the seller's terms of sale through an activated 'Bid Terms' box. At the close of the auction, the seller will select the winning bid, or may reject all bids. Sellers must choose the flexible bid auction format when they submit the lot.

Receiving Your Proceeds

During the process of gathering product information for the lot, SalvageSale will also request payee information for the transaction. This information will vary slightly depending on the payment method you select-company check or wire transfer. At the conclusion of the Escrow period, SalvageSale will forward the net proceeds to the designated payee via your selected method.

Seller Responsibilities

Prior to lot a product, sellers are responsible for providing as much accurate product information as possible to SalvageSale, including product description, photos, condition/damage, and, if available, survey or inspection reports. Sellers determine the terms of the sale, such as "as is, where is," any load out charges, and the bid due date. The seller should also indicate any restrictions on the sale of the product such as brand protection issues or geographic limitations. The seller gives final approval before the lot is added to the SalvageSale Marketplace. SalvageSale neither provides nor guarantees the accuracy of any product documentation provided for a lot.

During the auction, the seller directs all buyers, including consignee or insured, to bid on the SalvageSale Marketplace. The seller selects the winning bid and coordinates with SalvageSale for timely release of goods to buyer.

Salvor Services

SalvageSale offers Salvor Services through its network of salvor managers. For detailed descriptions of these services, please visit Salvor Services .

Managing Your Lots

To view the progress of your lots, click My Market and log in to your account.

The Seller My Market page consists of several sections:

* Alerts
o If any actions are currently needed on your lots, such as approval of a lot or selection of a bid, these will be shown in the Alerts section.
o For completed auctions, we request that you complete the survey for each one in your Alerts area.
* Active
o To view the lots, as well as any associated salvor services, for a file, click the 'Show Details' link for each lot.
o Active displays your files that contain:
+ Pending Information: are still working with you to gather all information necessary for a complete and accurate lot prior to beginning the auction.
+ Approved: the auction is currently in progress on the SalvageSale Marketplace.
+ Pending Funding: we are currently waiting for the winning buyer to transfer funds to the escrow account.
+ Pending Delivery: logistical arrangements and release of goods is in progress.
+ Active Services projects: SalvageSale Services is currently performing the services you have requested for that file.
o You can view the bids for any approved lot by clicking the 'Show Bid Details' link for that lot.
o For each file, a current total amount is shown. This amount is calculated using the following:
+ Current High Bid
- SalvageSale Commission
- Outstanding Services Costs
+/- Adjustments
= Current Total

This amount is only an estimate and is not guaranteed.
* Historical
o To view the lots, as well as any associated salvor services, for a file, click the 'Show Detail' link next to that file
o Historical displays your files that contain:
+ Closed lots: delivery of goods has occurred or the escrow period has expired, and net proceeds are forwarded to the seller.
+ Lost Transactions: the seller chose not to select a winning bid on the SalvageSale Marketplace.
+ Expired Transactions: the product lot did not receive any bids.
+ Completed Services projects
o You can view the bids for any lots associated with a historical file by clicking the 'Show Bid Details' link for that lot.
o For each file, a total amount is shown. This amount is calculated using the following:

+ Winning Bid Amount
- SalvageSale Commission
- Outstanding Services Costs
+/- Adjustments
= Total

Offering Products for Sale

You must be a registered seller member to list a product on the SalvageSale marketplace. If you are not already a member, please click here to do so.

To start the process of selling on our marketplace:

* From www.SalvageSale.com, select register.
* Enter your personal account information into our online form.
* Agree to our Terms and Conditions.
* Confirm your registration through the online form by clicking the 'Register Now' button.
* Upon submitting your registration, you will receive an e-mail confirmation.
* Once you have registered, contact us and a SalvageSale team member will call or e-mail you regarding your lot to complete the process.

To list a product for sale on the SalvageSale marketplace, you must have ownership and/or the authority to sell the product. We deal in commercial quantities: truckloads, pallets, railcars and warehouses.

If you have any questions about lot a product or need assistance in doing so, please contact us .

Selecting a Winning Bid

If you choose to list a product using our flexible bid format, you will need to select a winning bid after the auction period has ended on a lot. lots ready for bid selection are displayed in the Alerts section of your My Market page.

To select the winning bid:

* Click the 'Show Bid Details' link next to the lot.
* Review any applicable terms for each of your bids until you find the one that best meets your needs.
* Click 'Accept' next to your bid of choice.
* At this time, a confirmation message will appear on your screen indicating that your selection was successful.

Terms of Sale

Terms of sale should include information on applicable storage charges, loading capabilities or charges for loading, as well as any information on delivery options or restrictions.

Some salvage products have special needs. If, for example, a product must be sold outside your market or requires brand protection, indicate this in the terms of sale of your lot. SalvageSale can accommodate your needs and find qualified buyers for you.

Accurate terms of sale are essential for bidders to account for storage, loading and shipping costs, as well as any special needs, when determining the appropriate amount to bid for the product.