top of page

Terms of Use of Karatzas website


Thank you for visiting the Karatzas Auction.karatzas.action website (together with its affiliates “Karatzas Auction”, “we” or “us”). By accessing this website (the “Site”), you agree to accept the following Terms of Use pertaining to the use of the Site, which constitute a legal agreement between you and KARATZAS AUCTION, as well as our Privacy Policy. If you do not accept these Terms of Use, you may not use the Site. KARATZAS AUCTION reserves the right to modify these Terms of Use without notice, and each use of the Site constitutes your acceptance to be bound by the terms set forth in the Terms of Use as modified at the time of such use.


Permitted Uses of Our Site and Content


All content and information, and all trademarks, service marks, trade names, trade dress, logos, copyrights and other intellectual property displayed on the Site (“Content”) are owned by, controlled by or licensed to KARATZAS AUCTION or their respective owners. We have listed below the permitted uses of our Content. We reserve the right to change our permitted uses at any time. KARATZAS AUCTION grants you a limited, revocable, nonexclusive and nontransferable right to view, store, bookmark, download, copy and print pages from the Site for your personal and noncommercial use only. Unless you receive our permission in advance, you may not exploit any of the Content commercially, forward it as a mass distribution, or post it on another site.· If you link other websites to this Site, you may not imply or suggest that KARATZAS AUCTION has endorsed or is affiliated with such websites and you may not display this Site as “framed” within another website.


Prohibited Uses of Our Site and Content


KARATZAS AUCTION does not grant, by implication, estoppel or otherwise, any license or right to use Content on this Site other than those set forth above, and you shall not make any other use of such Content without KARATZAS AUCTION’s written permission. Without limiting the generality of the foregoing:


· You agree not to copy large portions of the Site (such as by bots, robots or spiders that “harvest” the Site), interfere with the functioning of the Site or restrict or inhibit any others from using the Site.


· If you download any pages from the Site, you agree that you will not remove or obscure any copyright or other notices or legends contained in any such Content. You may not alter or modify the Content in your copies.


· You may not (and may not encourage or assist others to) violate any law, regulation, rule or the intellectual property or contractual rights of others, or attempt to violate the security of this Site or use or gain access to the identities, information or computers of others through this Site.


· You may not transmit any virus, worm, time bomb or similar system interference or corruptant through this Site.KARATZAS AUCTION has the right (but not the obligation) to monitor this Site for any unauthorized or objectionable conduct and to take all appropriate actions in response, without notice to you. We reserve the right to change or supplement our website policies at any time to the fullest extent permitted by applicable law.


No Offers or Advice/Forward-Looking Statements/Historical Information


This Site is for informational purposes only. Under no circumstances should any information or materials presented on the Site be used or construed as an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments or other services. This Site does not provide specific investing advice to any individual viewing the contents of the Site and does not represent that the securities or services described herein are suitable for any specific investor. Investors are advised not to rely on any information contained in this site in the process of making a fully informed investment decision. Furthermore, no information or materials contained in the Site should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities. KARATZAS AUCTION will not treat users of the Site as its partners, clients, customers or investors by virtue of their accessing the Site.


Investment Performance


Past performance is not indicative of future results. No representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided. The investment return and principal value of an investment will fluctuate and, as a result, your redemption value may be more or less than original cost. The Site contains forward-looking statements, which reflect our current views with respect to, among other things, the operations and performance of our businesses. You can identify these forward-looking statements by the use of words such as “outlook,” “believe,” “expect,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate” or the negative version of these words or other comparable words. Forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. Any transactions described on the Site as having been engaged in by KARATZAS AUCTION are included as representative transactions for illustrative purposes only.


International Use


The Content provided in or accessible through the Site is, unless otherwise specified, directed at residents of the United States, and are not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject KARATZAS AUCTION to any registration or other requirement within such jurisdiction or country. KARATZAS AUCTION reserves the right to limit access to the Site to any person, geographic region or jurisdiction. Unless otherwise expressly set forth herein, KARATZAS AUCTION makes no representations that transactions, products or services discussed on or accessible through the Site are available or appropriate for sale or use in all jurisdictions or by all users, or that access by any user in the place it is located is not illegal or prohibited. Users who choose to access the Site from other locations do so on their own initiative and are responsible for establishing the legality, usability and correctness of any information or Content on the Site under the laws of any applicable jurisdictions. You may not use or export the Content on the Site or accessible through the Site in violation of U.S. laws and regulations.


Linked Sites


KARATZAS AUCTION does not review or monitor any websites linked from or to the Site and is not responsible for the Content of any such websites. Accordingly, KARATZAS AUCTION cannot be held responsible for the information, materials, products or services obtained on or from such other websites, nor will we be liable in any respect whatsoever for any damages arising from your access to such websites. Any links from or to other websites are provided merely for the convenience of the users of the Site and the inclusion of these links does not imply an endorsement, representation or warranty by KARATZAS AUCTION with respect to any such linked websites or the Content, products or services contained or accessible through such websites or their operators. KARATZAS AUCTION DISCLAIMS RESPONSIBILITY FOR THE PRIVACY POLICIES AND CUSTOMER INFORMATION PRACTICES OF THIRD-PARTY INTERNET WEBSITES HYPERLINKED FROM THE SITE. Your following links from or to such websites is at your sole risk.


Transmission to and from the Site


Subject to any applicable terms and conditions set forth in our Privacy Policy, any communication or other material that you send to us through the Internet or post on the Site by electronic mail or otherwise, is and will be deemed to be non-confidential as between you and us and KARATZAS AUCTION shall have no obligation of any kind with respect to such information. KARATZAS AUCTION will be free to use, for any purpose, and without compensation due or payable to you, any ideas, concepts, know-how or techniques provided by you to KARATZAS AUCTION through the Site.


Password and Security Notification


Certain areas of the Site are password protected and are only accessible to those who have a valid KARATZAS AUCTION-issued password. You may not attempt to access any password-protected areas of the Site without authorization. In the event that you have been issued such a password, you acknowledge and agree that KARATZAS AUCTION has granted you limited access to specific files pertaining to investments relevant to you, and you agree not to attempt to access other computer files. The contents of the password protected area of the website are subject to the confidentiality provisions of the fund documents. Persons who have access to the password protected area are responsible for maintaining the confidentiality of any account information, user names, and/or security questions and answers that they may use to access any page or feature on the password protected area, and for logging off any protected areas of the Site. Accordingly, you should take steps to protect the confidentiality of your password. You should notify KARATZAS AUCTION immediately if you become aware of any disclosure, loss, theft or unauthorized use of your password. Persons with access to the password protected area are solely responsible for maintaining the confidentiality and security of their unique passwords. They may not disclose their passwords to any third party. If password information is shared with a third party in violation of this Agreement, such as an information aggregator, we may not be able to verify the user of the password information. If password information is shared with a third party in violation of this agreement, including an information aggregator, KARATZAS AUCTION assumes no liability or responsibility whatsoever for the integrity and security of that third party’s information systems or the dissemination, through a third party, of any confidential information. KARATZAS AUCTION will not be responsible for any loss that arises from such use or action or from the failure to comply with these provisions.


IMPORTANT: In order to establish membership and password credentials, ONLY corporate email addresses will be accepted; thus, no accounts can be established for holders of  <gmail>, <yahoo>, <hotmail> or other generic domain names. Members undertake to provide true, accurate and valid info of their contact details with a minimum legal name, company name, physical address, business phone number and corporate email address.  KARATZAS AUCTION reserves the right to deny Member-ship  or delete Members who are found not be in compliance with the Terms of Use of website.


Limitation of Liability




Disclaimer and Indemnity


KARATZAS AUCTION and its officers, directors, managers, partners, members, shareholders, employees, affiliates and agents (collectively “Related Persons”) make no representations or warranties of any kind, express or implied, as to the accuracy, reliability, completeness, availability or other characteristics of the information or materials presented on the Site. Such information or materials are provided “as is” and “as available”. To the fullest extent permissible pursuant to applicable law, KARATZAS AUCTION specifically disclaims any and all warranties of any kind, express or implied, including but not limited to all warranties of and conditions of merchantability, fitness for a particular purpose, title, non-infringement, availability, accuracy or completeness. KARATZAS AUCTION does not warrant that the information in this Site is accurate, reliable or correct, that this Site will be available at any particular time or location, or that this Site is free of viruses or other harmful components. Electronic communications can be intercepted by third parties and, accordingly, electronic mail and other transmissions to and from the Site or made via the Site may not be secure. The investments and strategies discussed in the content may not be suitable for all investors and are not obligations of KARATZAS AUCTION or any of its affiliates or guaranteed by KARATZAS AUCTION or any of its affiliates. The investments are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other entity and are subject to investment risks, including the loss of the principal amount invested. Nothing contained on the Site constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain and carefully review the prospectus for an investment before making any investment decision. Decisions based on information or materials contained on the Site are the sole responsibility of the user. As consideration for access to the Site, you agree to indemnify and hold harmless KARATZAS AUCTION and its Related Persons from and against any claims whatsoever and of any nature for damages, losses and causes of action, including but not limited to actions by third parties against you, KARATZAS AUCTION or any of its Related Person, arising out of or in connection with any decisions that you make based on such Content, your use of the Site, or your violation of our website policies. You agree to make KARATZAS AUCTION its subsidiaries and affiliates whole for any and all claims, losses, liabilities, and expenses (including attorneys’ fees) arising from your use of the Site or any violation of this Agreement unless prohibited by law.


Copyright Statement


All Content on the website is subject to copyright, trademark, and other proprietary rights and laws. KARATZAS AUCTION reserves the right to change Content without notice. No part of this Site may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying or recording, or by any information storage or retrieval system, without the express written permission of KARATZAS AUCTION.


Governing Law and Forum


The laws of the State of New York govern these Terms of Use. You agree that any legal action relating to these Terms of Use may take place only in the New York State Supreme Court located in New York County, New York, or the United States District Court for the Southern District of New York located in New York County, New York, and you consent and submit to the personal jurisdiction of those courts for the purpose of litigating any action with KARATZAS AUCTION and waive trial by jury in any such action. You agree that any cause of action you may have with respect to your use of the Site must be commenced within one year after the claim or cause of action arises or will be deemed to have been waived. Integration and Severability Waiver. This Agreement represents the entire agreement between KARATZAS AUCTION and the user relating to the subject matter herein. If, for any reason, a court of competent jurisdiction finds any provision in this Agreement to be unenforceable, that provision shall be enforced to the maximum extent permissible so as to effect the intent of this Agreement, and the remainder shall continue in full force and effect. No waiver by KARATZAS AUCTION of any breach of this Agreement will be deemed a waiver of any subsequent or different breach.


Company Information

Basil M Karatzas

c/o Karatzas Marine Advisors & Co.

One World Financial Center, 30th Floor

200 Liberty Street

New York, NY 10281

+1 212 380 3700

info [at] BMKaratzas [dot] com

bottom of page