Plant Closure: CNC Job Shop

► Online Auction
SALE DATE:
Thursday, August 08, 2019 at 11:00 AM (CDT)
Auction Location:

1209 Parker Rd.

Grand Prairie, TX 75050

Inspection Day:
Wednesday, August 07, 2019 from 9am to 4pm (CDT)
Auction Contact:

Gary Treisman

info@machinerynetworkauctions.com

+ 1 (818) 788-2260

Customer Service:

TERMS and CONDITIONS of Auction:

Registration & Bidding:

Only one (1) Bidder per paddle number is allowed. The party whose information is provided at the time of registration is responsible for all purchases of made under that Bidder paddle number.  Machinery Network Auctions, Inc. (MNA) reserves the right to refuse issuing a paddle number for any reason it believes necessary to protect the integrity of the bid.

  • Credit Card Authorization: All Bidders are required to provide a valid MasterCard, Visa or American Express and the appropriate Credit Card Authorization form (as instructed by MNA Staff) in order to bid.  A $200 deposit authorization will be processed on the card provided (there will be no charge at this time, this is a “no transaction” authorization only).  By registering, the Bidder hereby expressly authorizes MNA to charge this Card if the Bidder fails to pay their invoice in accordance with these Terms and Conditions of Auction (the Terms) within forty-eight (48) hours of the issuance of that invoice.  MNA expressly reserves the right to waive the deposit authorization requirement any time it deems fit and at their sole discretion.


  • Deposit(s): Any prospective Bidder residing outside the continental United States shall be required to submit a refundable (subject to these terms) deposit of $2,000 or 10% of that bidders projected spend for that auction, whichever is higher (and determined solely at MNA staff’s discretion).  The deposit shall be paid by credit card and the requisite “Credit Card Authorization – Foreign Bid Deposit” form filled out and turned in to MNA staff prior to any such Bidder being approved to bid. If the Bidder does not win the bid on any lot, the deposit shall be credited back to the same credit card, and that credit card only, within 72 hours of the close of bidding.  If the bidder wins the bid but fails to pay their invoice within 48 hours of the its being issued, the bidder hereby expressly authorizes MNA, at their sole discretion, to either, 1) charge the credit card the full invoice amount, or 2) retain all or part of the deposit as liquidated damages without notice.

  • Bidder Information:  By placing any bid, each Bidder expressly represents that they have provided MNA staff with accurate and complete contact, financial, Credit Card, and any other requested information during the registration process.  Each Bidder hereby further expressly warrants and acknowledges that, whether the Bidder is acting as a principal, an agent, or an officer, director, or other representative of an entity, or in any other capacity whatsoever, by placing a bid, they have entered into a legally binding contract with MNA whereby they will be held personally liable for, and shall be bound to remit payment of, the purchase price, buyer’s premium, taxes, and any other amounts payable on the invoice issued to their paddle number to MNA upon demand and/or per these Terms.


· Reserves and Disputes: All or any one or group of lots may be offered with minimum reserve pricing and/or subject to Seller’s right of confirmation.  MNA expressly reserves the right to publish or not to publish the existence of any reserve or Seller’s right to confirmation.  Further, MNA expressly reserves the right to reject any bid that is not commensurate with the value of the item being offered or that MNA, in their sole discretion, believes was made illegally or in bad faith.  MNA and/or any of its agents or assigns may bid on any lot either for its own account or on behalf of a third party.  In the event of any dispute among Bidders, or among Bidders and MNA, MNA may again, in its sole discretion, either accept what it deems to be the final bid or solicit further bids on the item in dispute.


· ALL SALES ARE FINAL.  No Bidder may retract their bid.  No returns or refunds will be permitted.  All sales are final.  No invoice shall be cancelled unless authorized by MNA and at their sole discretion.  Should MNA agree to cancel an otherwise valid invoice or any individual lot(s) on same, Bidder expressly herein agrees to be held responsible for, and shall be required to immediately pay, a 10% restocking fee on the total of the bid or hammer price of the lot(s) inclusive of the buyer’s premium.

Disclaimer & Acknowledgement:


MNA and seller expressly disclaim, without limitation, any warranty of merchantability or fitness for a particular purpose.  These terms are merely meant to be representative; by registering for and/or bidding in this auction, you are expressly acknowledging and agreeing to these Terms as well as all of the Terms and Conditions in both the Bid Card and Auction Catalogue.


· AS IS, WHERE IS: The Bidder acknowledges and warrants that they, or an authorized agent, have inspected all of the assets to their satisfaction and had ample opportunity to inspect prior to placing a bid, which shall be, further, governed by these Terms.  MNA and Seller make no warranty or guarantee, expressed or implied, as to the accuracy of the information (including pictures, descriptions or specifications) provided in any published or otherwise publicly circulated account of the auction or the assets for sale therein.  Everything is being sold on an "AS IS," "WHERE IS," and "AS AVAILABLE" basis and ALL SALES ARE FINAL.


· No Reliance on Information: All PICTURES descriptions, advertising, lot catalogs, or any other source of information (oral or written) concerning the Assets provided by MNA or their agents, affiliates or assigns, or otherwise obtained by a Bidder from a source other than MNA are subject to additions deletions, changes, and modifications at any time prior to purchase and sale.  Each Bidder expressly acknowledges and agrees that no sale of any Asset may be invalidated by a Bidder because of an error, inaccuracy, or other fault in the Information. Each Bidder hereby expressly acknowledges and agrees that the Information has been prepared for and to be used for informational purposes only and shall not and may not be relied upon by any Bidder for any purpose, including (without limitation) accuracy or completeness. By bidding on an Assets, a Bidder represents, warrants, covenants and agrees that each such Bidder is relying upon each such Bidder’s own investigation, inspection, research, and analysis of the Asset(s) for which a bid has been submitted and is not in any way relying upon the Information provided by MNA or any other third party.


· Lot Order & Withdrawal: MNA reserves the right to withdraw items, alter the order of the sale, accept bids from the Seller or their agents or assigns and group lots as it may deem appropriate in their sole discretion or at the direction of Seller or Seller’s agent(s).


· Security Interest. Each Bidder expressly grants to MNA a security interest in, and lien upon, the purchased assets and proceeds thereof to secure payment of the purchase price for the purchased assets. Each Bidder expressly acknowledges and agrees that, in the event of non-payment by a Bidder, MNA may proceed to file the Bidder Registration Agreement, UCC-1 financing statements, and any other documents to perfect the security interest and lien granted hereby and that MNA will pursue their interests in such assets to the fullest extent of the law and equity.



Payment:


All bidders are required to pay in full within 48 hours of invoice date – NO EXCEPTIONS


· Payment Terms: Unless specifically stated otherwise in the Sale Specific Terms, PAYMENT IS DUE AND PAYABLE, IN FULL, UPON RECEIPT OF INVOICE.  Invoices will be e-mailed, typically within 24 hours after the Sale closes.  All payments must be made by Bank Wire Transfer, Cashier's Check, or Company Check with Bank Letter of Guarantee.  Checks must be made payable to Machinery Network Auctions, Inc.  In some limited instances and at MNA’s sole and complete discretion, cash (onsite only) and credit cards up to a certain limit, but in no case exceeding $2,000, U.S., will also be accepted.  All payments by credit card are subject to a service fee equal to an additional 3% of the amount charged to the card. It is highly recommended that if you wish to utilize any method of payment other than bank Wire Transfer, you call our office to explain your particular circumstance and obtain prior approval from appropriate MNA staff. A list of acceptable forms of payment can always be found in the auction catalog, on the MNA website and on your invoice.  In any case, MNA expressly retains the right in their sole and complete discretion, to change or limit the acceptable forms of payment based upon an individual bidder’s particular circumstances.


· Buyer’s Premium: A “Buyer’s Premium” of 18% of the final hammer price shall be added to each invoice.  Occasionally, the exceptionally prompt payment of invoices by either, and sometimes both, onsite and online Bidders will net a generous discount in the Buyer’s Premium charged.  Please check Sale-Specific Terms and Conditions posted on our Website and/or on the catalog the day of the sale for more information and to see if any such discount applies to the auction you wish to participate in.


· Sales Tax: Applicable sales tax will likewise be added to the purchase price of all taxable items.  All resellers need to contact Abraham Torres at (818) 788-2260 to make arrangements to either fax or email a copy of their Resale Certificate or other state issued certification of exempt status to our office at least 24 hours prior to the day of auction.  Any reseller not doing so risks their exempt status for that auction and, if sales tax is charged, will be required to seek a refund of those monies directly from the state taxing authority in the state in which the auction is held. ONCE COLLECTED, MNA WILL NOT REFUND STATE SALES TAX – NO EXCEPTIONS.  Lots not paid for (and removed by published deadline and per the terms of removal, below) may be resold at public or private sale without further notice and any deficiency, together with all expenses of that resale and/or removal, will be charged to the defaulting purchaser.


Removal:


Purchased lots will not be released until payment has been received in full.  Wire transfers must clear in order for payment to be considered “received in full”

· Standard Removal Hours: Removal of purchased assets shall begin per the Sale-Specific Terms & Conditions, which may be found in the auction catalog, on the MNA website at: www.machinerynetworkauctions.com and on the invoice emailed winning bidders at the conclusion of the auction event.  Unless specifically stated otherwise in the Sale Specific Terms, absolutely no purchased assets may be removed before (i) the conclusion of the Sale and (ii) payment is made in full. A marked “Paid in Full” invoice and properly executed “Third Party Release” (whenever applicable) must be presented to MNA or other designated facility personnel and any item(s) removed from the premises must be verified against that invoice and signed out as received by both the buyer and operations staff.  Standard hours of removal shall be Monday through Friday, 8:00 am to 4:00 pm, local facility time, unless otherwise posted at the facility, advertised on the MNA website or by special arrangement, in writing and agreed to by MNA operations and/or facility staff.


· Rigging/Removal: IS THE RESPONSIBILITY OF THE BIDDER/BUYER and all riggers are required to be licensed, insured and approved, in advance, by MNA.  Every effort will be made to facilitate the timely and professional removal of the assets.  All removal activity must be in accordance with OHSA guidelines and at the direction of on-site MNA and/or Seller staff.  Removal may begin when the auction has been completed and Payment in full has been made (each Invoiced lot and any other invoiced line item – sales tax, Buyer’s Premium, etc. – must be paid).  If two (2) people cannot safely lift, carry and load an item without any mechanical assistance whatsoever, then a rigger must be used on its removal.  Any lot not removed from the premises by the published removal deadline shall be removed and may be resold at public or private sale and/or scrapped by MNA, in their sole discretion, without further notice and the costs of same shall be charged to the defaulting buyer.


· Preferred Riggers/Disclaimer:  For most sales, MNA will provide a list of “preferred riggers” who have offered services for that sale, have proof of commercial liability insurance on file with MNA and are familiar with the particular offerings of the sale.  Preferred rigger information is provided solely as a courtesy to our buyers.  MNA is not affiliated with and does not endorse or guarantee the services of any machinery rigging, transport or export company, and cannot be held responsible for any damage or other problems incurred as a result of the actions of said companies.


· Buyer Responsibility/REMOVAL DEADLINES:  Each buyer expressly acknowledges and agrees that they shall be responsible for all costs and expenses associated with removal of the purchased lots and shall be liable to MNA, Seller, owner and/or landlord of the premises at which the purchased lots are located, and all other third parties and are solely responsible for removing all purchased lots from site by removal deadline. Buyers with items left on site after deadline are subject to fines of $500 per day or could be subject to abandonment (and in accordance with other Terms found in this Section) with no further recourse.


  • Featured Equipment
  • Brochure & Documents
  • Removal
  • Buyers Premium
CNC Machining, Boring, and Turning
  • Hurco VM20 CNC Vertical Machining Center, MAX control, 40"x20"x20" travels, CT-40 taper, 20 position tool changer, ATC, New 2011
  • Leadwell MCV-1300P 4 Axis CNC Vertical Machining Center, Fanuc 0M control, 51" x 29" x 22" travels, CT-50 taper, 20 position tool changer, new 1991
  • Mori-Seiki MV Junior CNC Vertical Machining Center, Fanuc 10M control, CT-40 taper, 20 position tool changer, new approx. 1988
  • Mori-Seiki SL-35B CNC Turning Center, Fanuc 10T control, 4.1" spindle bore, 23.6" swing, 35" centers, 12" 3 jaw chuck, tailstock, chip conveyor, New approx. 1988
  • Daewoo Puma 10S CNC Turning Center, Fanuc 0T control, 3.1" spindle bore, 22.8" swing, 31" centers, 10" 3 jaw chuck, tailstock, chip conveyor, New 1990
  • Leadwell LTC-20AP CNC Turning Center, Fanuc 0T control, 2.4" spindle bore, 20.9" swing, 24" centers, collet chuck, tool probe, chip conveyor, New 1992


Boring Mills

  • Toshiba TSS-13A Vertical Boring Mill, 48" table, 63" swing, 31.5" turning height, turret head, DRO, new approx. 1975
  • Supermill AL-76 Table-Type Horizontal Boring Mill, 3" spindle diameter, approx. 80" x 54" x 40" travels, 48" x 36" rotary table, DRO, new approx. 1980


Tool Room Equipment:

  • Hercules-Ajax HR-3000 Gap Bed Engine Lathe, 25"/37.5" swing x 120" centers, 4.5" spindle bore, taper attachment, I/M threading, 18" 3 jaw chuck, face plate, steady rest, new approx. 1985
  • Clausing Colchester 17 Engine Lathe, 17" swing x 84" centers, I/M threading, 12" 3 jaw chuck, new approx. 1975
  • Mori Seiki MS-850G Gap Bed Engine Lathe, 17" swing x 35" centers, I/M threading, DRO, 10" 3 jaw chuck, new approx. 1975
  • Hardinge HLV-H Tool Room Lathe, 11" swing x 18" centers, collet chuck, New 1975
  • (1) Lagun FTV-1 Vertical Mill, 9" x 42" table, 2 HP, DRO, power X & Y feeds, power drawbar, new approx. 2000
  • Bridgeport Vertical Tracer Mill, 9" x 60" table, (2) 1 HP milling heads, Tru-Trace hyd tracer, hyd table feed,
  • Brown & Sharpe No. 20 Universal Horizontal Mill with vertical head, new approx. 1970
  • SIP MP-3k Precision Jig Bore, 27" x 18" table, new approx. 1975
  • Easco Toolmaker 816 Ram Type EDM, 16" x 24" table, 3R tool holder, new 1980
  • Jet JRD-700 Radial Drill, 7.5" column, 28" arm, 2 HP, box table, new 1980
  • Powermatic 1150 Drill Press, new approx. 1980 - in storage
  • 36" Blanchard No. 18 Rotary Surface Grinder, electromagnetic chuck, new 1953
  • K.O. Lee S618H, Hyd Surface Grinder, 6" x 18" magnetic chuck, new 1968
  • Hyd. Surface Grinder, unknown mfg. & model 8" x 24" magnetic chuck, new approx. 1970
  • K.O. Lee BA960 Tool & Cutter Grinder, new early 1980's
  • Sunnen MBB-1660 Horiz Hone, manual, Sunnen tooling cabinet, new 1980's
  • Trinco 36 B/P Abrasive Blast Cabinet with media reclamation, New mid 1990's
  • DoALL C-260A Automatic Horiz. Band Saw, 10 1/4" x 12" capacity, power infeed table, new 1988
  • DoALL C-305A Automatic Horiz Band Saw, 12" x 12" capacity, New 2000 - not under power
  • Roll-In Unuiversal Band Saw, manual, 12" x 18" cap, New approx. 1980
  • DoALL ML-16 Vertical band Saw, 16" throat, blade shear, weld and grind, new 1960's
  • H-Frame Hydraulic Press, Mfg  & Model unknown, approx. 50 ton, sliding ram & adjustable bed
  • 20 Ton Carolina H-Frame Hyd. Press, s/n P20581, New 1980's
  • 15 ton Rouselle 2E OBI Press, 12" x 16" bed, s/n Na, new approx. 1980 - in storage


Welding Equipment:

  • Miller Syncrowave 351 TIG Welding Power Supply, Miller coolant system, tanks, gauges and cables, New 1990's
  • Moore FBG27HTT Heat Treat Furnace, 2300 deg F max temp
  • (2) steel round welding tables


Test and Inspection Equipment:

  • G&L Sheffield Cordax 1805 MEA Coordinate Measuring Machine, manual, PC DMIS software, PC, Renishaw TP1 touch probe, 1989
  • 14" GenX 3414 Optical Comparator, analog, new 1982's
  • (2) GageMaster ID Gauges
  • Enco Brinnell Hardness Tester, analog
  • (2) Mitutoyo HeightMaster Height Gauges
  • 72" x 48" Collins Precision Granite Surface Plate, single lip, steel stand
  • 60" x 36" Granite Surface Plate - shop grade
  • Metrology equipment including calipers, micrometers, height gauges, sine plates, precision angles, small granite surface plates, bore gauges, pin & block gauge sets, precision bench centers.


Facilities and Rolling Stock:

  • 5000lb World-Lift WFC-50C Forklift, LPG, triple mast, side shift, s/n TC01063, New approx. 2010
  • Rolling Gantry Crane, chain fall, approx. 1000lb cap.
  • Pittsburgh Engine Hoist
  • (2) Rolling Die Lifts
  • 20 HP Quincy Reciprocating Air Compressor with tank, new mid 1980's
  • 20 HP Air Service Reciprocating Air Compressor with tank, new mid 1980's
  • 10 HP Reciprocating Air compressor with tank,
  • Lot of shop and office furniture and storage to include tool & storage cabinets, cantilever racks, heavy duty pallet racking, workbenches, desks, tables, chairs, stools & shelves, carbide grinders, pedestal grinders, belt & disc sanders, cut-off saws and hand held power tools, rotary tables, dividing heads, indexing heads, vises, angle plates & assorted part fixturing ,machining center & mill tool holders, ID & OD turning tool holders, chucks, collets, Lyndex spindle attachments, tapping heads, lathe tool posts & centers, and much more.


****************

OFFSITE Machine # 1 Location: Waco, TX

  • Makino PS95 4-Axis Vertical Machining Center Makino/Fanuc Professional P Control, 8" Kitagawa CNC Rotary Index, 36" x 20" x 18" trvls, 14,000 RPM, CT-40, 30 ATC, Coolant Thru Spindle, s/n V130096, New 2010
  • Mori Seiki NL2500SY/1250 CNC Turning Center, MSX-850lll Control, 29.2" Swing, 51" center, 3.1" bar cap., Milling, Sub-spindle, C & Y Axes, Chip Blaster Coolan System, Chip Conveyor, S/N NL251JD5400, New 2010
  • LNS Quickload Servo S2 Magazine Style Bar Feed, S/N 302394, New 2010
  • Bridgeport Vertical Mill, 9"x42" Table, 1HP, "J" Head, Power X Feed, S/N 45169
  • Harrison 15"x40" 15" Engine Lathe, Collet Chuck, Compound Tool Carraige, S/N MB2392
  • Hardinge 2nd Operation Lathe, Collet Closer, Turret & Cross-slide, S/N DV-59-12730
  • Hardinge DV-59 2nd Operation Lathe, Narrow Bed
  • Brown & Sharpe 618 Micromaster Hyd. Surface Grinder, 6"x18" Magnetic Chuck, S/N 523-6181-797
  • Sunnen MBB-1600 Manual Horizontal Hone, S/N 44822
  • Hyd Mech S-20A Semi-Auto Horizontal Band Saw
  • Central 20 Ton Hydraulic H Frame Press
  • Master Horizontal Plain Milling Machine


OFFSITE MACHINES # 2 Location: Ardmore, AL

  • Mazak QT 20HP, Mazatrol T-Plus cntrl, 17.3" swing, 11.8" max turning diameter, 19.7" max turning length, 2.76" bar capacity, 4000 RPM, 20HP, tailstock, collet chuck, CC, Tool Eye, w/ Chip Conveyor, s/n 129527, New 1997
  • Komatsu FG15HT-17 Fork Lift, capacity 4000lbs, late s/n 671902A, hours: 0344926






TERMS and CONDITIONS of Auction:

Registration & Bidding:

Only one (1) Bidder per paddle number is allowed. The party whose information is provided at the time of registration is responsible for all purchases of made under that Bidder paddle number.  Machinery Network Auctions, Inc. (MNA) reserves the right to refuse issuing a paddle number for any reason it believes necessary to protect the integrity of the bid.

  • Credit Card Authorization: All Bidders are required to provide a valid MasterCard, Visa or American Express and the appropriate Credit Card Authorization form (as instructed by MNA Staff) in order to bid.  A $200 deposit authorization will be processed on the card provided (there will be no charge at this time, this is a “no transaction” authorization only).  By registering, the Bidder hereby expressly authorizes MNA to charge this Card if the Bidder fails to pay their invoice in accordance with these Terms and Conditions of Auction (the Terms) within forty-eight (48) hours of the issuance of that invoice.  MNA expressly reserves the right to waive the deposit authorization requirement any time it deems fit and at their sole discretion.


  • Deposit(s): Any prospective Bidder residing outside the continental United States shall be required to submit a refundable (subject to these terms) deposit of $2,000 or 10% of that bidders projected spend for that auction, whichever is higher (and determined solely at MNA staff’s discretion).  The deposit shall be paid by credit card and the requisite “Credit Card Authorization – Foreign Bid Deposit” form filled out and turned in to MNA staff prior to any such Bidder being approved to bid. If the Bidder does not win the bid on any lot, the deposit shall be credited back to the same credit card, and that credit card only, within 72 hours of the close of bidding.  If the bidder wins the bid but fails to pay their invoice within 48 hours of the its being issued, the bidder hereby expressly authorizes MNA, at their sole discretion, to either, 1) charge the credit card the full invoice amount, or 2) retain all or part of the deposit as liquidated damages without notice.

  • Bidder Information:  By placing any bid, each Bidder expressly represents that they have provided MNA staff with accurate and complete contact, financial, Credit Card, and any other requested information during the registration process.  Each Bidder hereby further expressly warrants and acknowledges that, whether the Bidder is acting as a principal, an agent, or an officer, director, or other representative of an entity, or in any other capacity whatsoever, by placing a bid, they have entered into a legally binding contract with MNA whereby they will be held personally liable for, and shall be bound to remit payment of, the purchase price, buyer’s premium, taxes, and any other amounts payable on the invoice issued to their paddle number to MNA upon demand and/or per these Terms.


· Reserves and Disputes: All or any one or group of lots may be offered with minimum reserve pricing and/or subject to Seller’s right of confirmation.  MNA expressly reserves the right to publish or not to publish the existence of any reserve or Seller’s right to confirmation.  Further, MNA expressly reserves the right to reject any bid that is not commensurate with the value of the item being offered or that MNA, in their sole discretion, believes was made illegally or in bad faith.  MNA and/or any of its agents or assigns may bid on any lot either for its own account or on behalf of a third party.  In the event of any dispute among Bidders, or among Bidders and MNA, MNA may again, in its sole discretion, either accept what it deems to be the final bid or solicit further bids on the item in dispute.


· ALL SALES ARE FINAL.  No Bidder may retract their bid.  No returns or refunds will be permitted.  All sales are final.  No invoice shall be cancelled unless authorized by MNA and at their sole discretion.  Should MNA agree to cancel an otherwise valid invoice or any individual lot(s) on same, Bidder expressly herein agrees to be held responsible for, and shall be required to immediately pay, a 10% restocking fee on the total of the bid or hammer price of the lot(s) inclusive of the buyer’s premium.

Disclaimer & Acknowledgement:


MNA and seller expressly disclaim, without limitation, any warranty of merchantability or fitness for a particular purpose.  These terms are merely meant to be representative; by registering for and/or bidding in this auction, you are expressly acknowledging and agreeing to these Terms as well as all of the Terms and Conditions in both the Bid Card and Auction Catalogue.


· AS IS, WHERE IS: The Bidder acknowledges and warrants that they, or an authorized agent, have inspected all of the assets to their satisfaction and had ample opportunity to inspect prior to placing a bid, which shall be, further, governed by these Terms.  MNA and Seller make no warranty or guarantee, expressed or implied, as to the accuracy of the information (including pictures, descriptions or specifications) provided in any published or otherwise publicly circulated account of the auction or the assets for sale therein.  Everything is being sold on an "AS IS," "WHERE IS," and "AS AVAILABLE" basis and ALL SALES ARE FINAL.


· No Reliance on Information: All PICTURES descriptions, advertising, lot catalogs, or any other source of information (oral or written) concerning the Assets provided by MNA or their agents, affiliates or assigns, or otherwise obtained by a Bidder from a source other than MNA are subject to additions deletions, changes, and modifications at any time prior to purchase and sale.  Each Bidder expressly acknowledges and agrees that no sale of any Asset may be invalidated by a Bidder because of an error, inaccuracy, or other fault in the Information. Each Bidder hereby expressly acknowledges and agrees that the Information has been prepared for and to be used for informational purposes only and shall not and may not be relied upon by any Bidder for any purpose, including (without limitation) accuracy or completeness. By bidding on an Assets, a Bidder represents, warrants, covenants and agrees that each such Bidder is relying upon each such Bidder’s own investigation, inspection, research, and analysis of the Asset(s) for which a bid has been submitted and is not in any way relying upon the Information provided by MNA or any other third party.


· Lot Order & Withdrawal: MNA reserves the right to withdraw items, alter the order of the sale, accept bids from the Seller or their agents or assigns and group lots as it may deem appropriate in their sole discretion or at the direction of Seller or Seller’s agent(s).


· Security Interest. Each Bidder expressly grants to MNA a security interest in, and lien upon, the purchased assets and proceeds thereof to secure payment of the purchase price for the purchased assets. Each Bidder expressly acknowledges and agrees that, in the event of non-payment by a Bidder, MNA may proceed to file the Bidder Registration Agreement, UCC-1 financing statements, and any other documents to perfect the security interest and lien granted hereby and that MNA will pursue their interests in such assets to the fullest extent of the law and equity.



Payment:


All bidders are required to pay in full within 48 hours of invoice date – NO EXCEPTIONS


· Payment Terms: Unless specifically stated otherwise in the Sale Specific Terms, PAYMENT IS DUE AND PAYABLE, IN FULL, UPON RECEIPT OF INVOICE.  Invoices will be e-mailed, typically within 24 hours after the Sale closes.  All payments must be made by Bank Wire Transfer, Cashier's Check, or Company Check with Bank Letter of Guarantee.  Checks must be made payable to Machinery Network Auctions, Inc.  In some limited instances and at MNA’s sole and complete discretion, cash (onsite only) and credit cards up to a certain limit, but in no case exceeding $2,000, U.S., will also be accepted.  All payments by credit card are subject to a service fee equal to an additional 3% of the amount charged to the card. It is highly recommended that if you wish to utilize any method of payment other than bank Wire Transfer, you call our office to explain your particular circumstance and obtain prior approval from appropriate MNA staff. A list of acceptable forms of payment can always be found in the auction catalog, on the MNA website and on your invoice.  In any case, MNA expressly retains the right in their sole and complete discretion, to change or limit the acceptable forms of payment based upon an individual bidder’s particular circumstances.


· Buyer’s Premium: A “Buyer’s Premium” of 18% of the final hammer price shall be added to each invoice.  Occasionally, the exceptionally prompt payment of invoices by either, and sometimes both, onsite and online Bidders will net a generous discount in the Buyer’s Premium charged.  Please check Sale-Specific Terms and Conditions posted on our Website and/or on the catalog the day of the sale for more information and to see if any such discount applies to the auction you wish to participate in.


· Sales Tax: Applicable sales tax will likewise be added to the purchase price of all taxable items.  All resellers need to contact Abraham Torres at (818) 788-2260 to make arrangements to either fax or email a copy of their Resale Certificate or other state issued certification of exempt status to our office at least 24 hours prior to the day of auction.  Any reseller not doing so risks their exempt status for that auction and, if sales tax is charged, will be required to seek a refund of those monies directly from the state taxing authority in the state in which the auction is held. ONCE COLLECTED, MNA WILL NOT REFUND STATE SALES TAX – NO EXCEPTIONS.  Lots not paid for (and removed by published deadline and per the terms of removal, below) may be resold at public or private sale without further notice and any deficiency, together with all expenses of that resale and/or removal, will be charged to the defaulting purchaser.


Removal:


Purchased lots will not be released until payment has been received in full.  Wire transfers must clear in order for payment to be considered “received in full”

· Standard Removal Hours: Removal of purchased assets shall begin per the Sale-Specific Terms & Conditions, which may be found in the auction catalog, on the MNA website at: www.machinerynetworkauctions.com and on the invoice emailed winning bidders at the conclusion of the auction event.  Unless specifically stated otherwise in the Sale Specific Terms, absolutely no purchased assets may be removed before (i) the conclusion of the Sale and (ii) payment is made in full. A marked “Paid in Full” invoice and properly executed “Third Party Release” (whenever applicable) must be presented to MNA or other designated facility personnel and any item(s) removed from the premises must be verified against that invoice and signed out as received by both the buyer and operations staff.  Standard hours of removal shall be Monday through Friday, 8:00 am to 4:00 pm, local facility time, unless otherwise posted at the facility, advertised on the MNA website or by special arrangement, in writing and agreed to by MNA operations and/or facility staff.


· Rigging/Removal: IS THE RESPONSIBILITY OF THE BIDDER/BUYER and all riggers are required to be licensed, insured and approved, in advance, by MNA.  Every effort will be made to facilitate the timely and professional removal of the assets.  All removal activity must be in accordance with OHSA guidelines and at the direction of on-site MNA and/or Seller staff.  Removal may begin when the auction has been completed and Payment in full has been made (each Invoiced lot and any other invoiced line item – sales tax, Buyer’s Premium, etc. – must be paid).  If two (2) people cannot safely lift, carry and load an item without any mechanical assistance whatsoever, then a rigger must be used on its removal.  Any lot not removed from the premises by the published removal deadline shall be removed and may be resold at public or private sale and/or scrapped by MNA, in their sole discretion, without further notice and the costs of same shall be charged to the defaulting buyer.


· Preferred Riggers/Disclaimer:  For most sales, MNA will provide a list of “preferred riggers” who have offered services for that sale, have proof of commercial liability insurance on file with MNA and are familiar with the particular offerings of the sale.  Preferred rigger information is provided solely as a courtesy to our buyers.  MNA is not affiliated with and does not endorse or guarantee the services of any machinery rigging, transport or export company, and cannot be held responsible for any damage or other problems incurred as a result of the actions of said companies.


· Buyer Responsibility/REMOVAL DEADLINES:  Each buyer expressly acknowledges and agrees that they shall be responsible for all costs and expenses associated with removal of the purchased lots and shall be liable to MNA, Seller, owner and/or landlord of the premises at which the purchased lots are located, and all other third parties and are solely responsible for removing all purchased lots from site by removal deadline. Buyers with items left on site after deadline are subject to fines of $500 per day or could be subject to abandonment (and in accordance with other Terms found in this Section) with no further recourse.


LAST AND FINAL REMOVAL DATE FOR THIS AUCTION IS Friday August 16, 2019.
RIGGING/REMOVAL IS THE RESPONSIBILITY OF THE BIDDER/BUYER AND ALL RIGGERS ARE REQUIRED TO BE LICENSED, INSURED AND APPROVED BY THE AUCTIONEER.  Every effort will be made to facilitate removal.  All removal activity must be in accordance with OHSA guidelines.  Removal may begin when the auction has been completed and Payment IN FULL has been made.  ANY LOT NOT REMOVED FROM THE PREMISES BY Friday August 16, 2019, SHALL BE REMOVED, RESOLD AT PUBLIC OR PRIVATE SALE AND/OR SCRAPPED BY AUCTIONEER, at their sole discretion, WITHOUT FURTHER NOTICE AND THE COSTS OF SAME SHALL BE CHARGED TO DEFAULTING BUYER
- The Buyer’s Premium shall be added to your invoice and calculated as part of your total due prior to removal.
- The Buyer’s Premium for this auction is: Online 18%