U.S. Customs and Border Protection issued the following press release on September 29, 2011:
Rahway, N.J. –U. S. Customs and Border Protection is hosting a General Order Auction at the Holiday Inn in Carteret – Rahway, N.J., Thursday October 6. Registration starts at 8:00 and the auction starts at 9:00.
A General Order auction is a program that was established by U. S. Customs, presently U.S. Customs and Border Protection, in order to maintain control of unclaimed and or abandoned merchandise.
Generally, when a shipment arrives into the United States, the merchandise will stay at the importing carrier’s facility until the importer files their entry with CBP; the importer has 15 calendar days to do this. After the 15 day period has elapsed, the shipment becomes eligible for entry into a G. O. warehouse where the merchandise will remain until either entry is filed or a period of six months from the date of arrival at which time the government will sell the goods at auction.
These live auctions are held every month throughout the United States or on-line. The only restrictions are that participants cannot be employed by CBP nor can they be immediate family members of CBP employees.
An immediate minimum deposit of $5,000 is required on day of sale once total purchases reach $5,000.
Total purchases of $5,000 or less will require payment in full on day of sale. Payment forms are credit card, cash, and bank transfers.
For more details please about this G. O. auction please visit: ( CWS Marketing Group )