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Terms and Conditions

Terms and Conditions

Posting your Equipment for Sale on our site or Responding to Equipment Ads/Listings and/or Advertisements is subject to the following terms and conditions!

For Sellers:

By listing your Equipment for Sale on our site you are Agreeing to our Terms and Conditions. You represent that you own said equipment and/or have exclusive rights to sell that equipment, if you have exclusive rights to sell/offer said equipment, that proof of such must be submitted to PetroRigs.com (Petro Rigs, Inc.) in advance, No third party representations will be authorized. You further represent that any Equipment you are listing is free of any liens, encumbrances, taxes, or otherwise, that the information you provided will not mislead any prospective buyer, and that you have fully disclosed all pertinent information relative to any prospective buyer to make an informed decision. You further represent that by listing any Equipment on Petrorigs.com that you will Not offer said Equipment anywhere else at a lower price point, that the Equipment Listed on our website is your ‘best offer’ anywhere available, that although you may accept offers, you have Not offered, and Will Not offer, said Equipment listed on our website anywhere else at a lower price point. You further represent all equipment as either New, Surplus New, Refurbished, or in Used Good Condition, and that you fully understand that PetroRigs.com (Petro Rigs, Inc.) may remove any equipment that does not meet these qualifications, and that you also understand it will be at PetroRigs.com (Petro Rigs, Inc.) sole discretion.
By listing your equipment on our website, you are agreeing to our Commission Policy and understand that should PetroRigs.com (Petro Rigs, Inc.) in fact deliver a buyer for your equipment and they end up purchasing, that you will be bound to the following commission rate on the final sales price of your equipment:
  • Standard Listing: 3% Commission fee calculated on the Final sales price: final sales price shale be the price paid to Seller from the Buyer, excluding shipping/trucking, and excluding sales tax/s. Commission fee is 3% of the final sales price on the equipment purchased
  • Featured Listing: 5% Commission fee calculated on the Final sales price: final sales price shale be the price paid to Seller from the Buyer, excluding shipping/trucking, and excluding sales tax/s. Commission fee is 5% of the final sales price on the equipment purchased. Featured Listings will be limited to Equipment with a value of over $100,000USD, all Featured Listings are subject to Petro Rigs Approval
  • A Buyer shall be defined as ANY Company, Person, or Individual that PetroRigs.com (Petro Rigs, Inc.) has introduced to you through our website, email, or social media.
  • If you use the Web-Form to submit your Equipment, there will be an additional 1% commission fee to the above commission rates. Web-Form submissions take us more time and we incur additional cost, by submitting your equipment using our web-form, you agree to the extra 1% commission fee
  • Equipment Listings with an asking price of $50,000 or more, or for sellers with multiple equipment listings, may be required to sign our Acceptance form: Terms and Conditions and Commission Policy Acceptance Form. By signing and submitting this form, you are Agreeing to our Terms and Conditions and Commission Policy, you understand and agree that this will apply to ANY and ALL equipment you have listed on PetroRigs.com or with Petro Rigs, Inc.
Commission payment will be due and payable to Petro Rigs, Inc. upon your receipt of funds for any equipment that PetroRigs.com (Petro Rigs, Inc.) has facilitated/Introduced the sale on. All Sales Pricing, Payments, and Commission fees will be in United States Dollars. Commission fee shall be payable to Petro Rigs, Inc. via wire transfer to Petro Rigs, Inc. bank account (full banking information will be provided to you via invoice).

For Buyers:

By responding to any Equipment Ad/Listing, or Advertisement on our website, you represent that you are in fact a ‘buyer’, a company, or individual with the financial means to purchase, and/or a company actively engaged in the drilling or petroleum industry. If you are representing a third-party buyer, you agree to fully disclose that information in your inquiry to any Equipment Ad/listing, and/or advertisement on our site. You further agree NOT to disclose any information relative to the Equipment Ads/listings, and/or advertisements on our site to anyone else without express prior written permission from petrorigs.com and/or Petro Rigs, Inc. Any such permissions will be reviewed and allowed or denied at the sole discretion of Petrorigs.com and/or Petro Rigs, Inc. Copying or Pasting any Equipment Ads/Listings on our website is Strictly Prohibited, you agree that by using our website that you are NOT allowed to copy or paste any information from our website and that you WILL NOT publish any Equipment Ads/Listings on another website or email without our Express Written Permission!
Pre-Qualifications: by requesting more details on any equipment listing on our site, we will ask for your complete company information. We will need your Company name, address, areas of operations, and if necessary, we may request your company financials. We Do Not send equipment details to Non-Qualified Companies! If your company is a known entity, i.e. Exxon, Halliburton, we may not need to request additional information. If your company is John Doe, Inc. with zero web presence or searchable data, we will ask for full disclosure about your company, where you operate and your financial capabilities. If you are active within our Industry and have the ability to show us that, we want your business and welcome your inquiries on any equipment you find on our site.
Petro Rigs will NOT send further Equipment details to Non-Qualified Buyer Inquiries. If you are a Broker or Third-Party, we will request that you send us the Actual Buyer Details. No Third-Party or Broker Inquiries will be able to communicate with the Equipment Seller!

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