Lot Consisting of Steel Banding/Strapping

TERMS & CONDITIONS OF SALE

THIS IS A LIVE & WEBCAST AUCTION BEING HELD AT RELIABLE EQUIPMENT, LLC ON TUESDAY, JANUARY 31^ST, 2017 BEGINNING AT 10:00 A.M. (CST).  ALL ITEMS ARE BEING PRESENTED FOR SALE AS IS/WHERE IS, WITHOUT WARRANTY OF ANY KIND EXPRESSED OR IMPLIED.  A 15% BUYERS PREMIUM WILL BE APPLIED TO ALL ONSITE PURCHASES.  AN 18% BUYERS PREMIUM WILL BE APPLIED TO ALL ONLINE PURCHASES. CREDIT CARDS (VISA, MASTERCARD & DISCOVER) WILL BE ACCEPTED FOR PAYMENT OF PURCHASES LESS THAN $10,000.

1. REGISTRATION – All bidders must register for the sale providing name (& business if applicable), address, reliable contact phone number, email address, valid credit card number and bank information. Credit Card information is utilized to validate the registrant and will not be used as payment without express authorization from the buyer after the sale.  Complete registration information is vital to being quickly approved for the sale. Incomplete registrations may not be approved at the discretion of ATEC.  By registering, the bidder acknowledges that they have read, accept, and agree to abide by the terms set forth in this document.  It is the registrant’s responsibility to seek clarification of any terms and conditions not clearly understood or left undefined within this document. 

2. DEPOSIT – International bidders (outside of the US) must submit a credit card deposit in the amount of $500 before being approved to bid. If no bids are placed, ATEC will refund the entire deposit to the bidder. If the bidder is successful in placing bids, the deposit will be applied to the account balance before a final invoice is issued. The deposit will not be refunded if the invoice is not paid before 4:00 PM on February 3^rd, 2017.

3. INSPECTION – Items can be inspected at Reliable Equipment located at 808 Corporate Centre Drive in O’Fallon, Missouri 63368 on Monday, January 30^th, 2017, from 9:00 A.M. to 4:00 P.M. Central Time.  Inspections will also be permitted from 9:00 A.M. to 10:00 A.M. on Tuesday, January 31^st, 2017.  Bidding will begin at 10:00 A.M.

4. BIDDING – All bidders must be registered to participate in this sale.  A 15% Buyer’s Premium will be added to the sale price of all onsite purchases. An 18% Buyer’s Premium will be added to the sale price of all online purchases. Placing a bid acknowledges that the bidder has read, accepted, and agrees to abide by the terms set forth in this document.  Placing a bid also signifies a contractual intent to purchase at the specified bid amount and cannot be rescinded.

5. PAYMENT – On-Site sales must be paid in full day of the sale. Invoices for online bidders must be paid within 48 hours of the sale closing.  All successful online bidders will be notified by email immediately following the sale with an invoice to follow.  If you receive notification that you are the successful bidder, but do not receive an invoice by 2:00 P.M. Wednesday, February 1^st, it is YOUR RESPONSIBILITY to notify our office at (314) 447-3200 so that we may re-issue your invoice.  ATEC accepts Cash, Cashier’s Check, Credit Cards, and Wire Transfer as payment. 

Visa, MasterCard, and Discover are accepted for purchases totaling less than $10,000. If paying with a credit card, the buyer waives their rights to file a credit card dispute, as all items are released to the buyer immediately following payment, and all items are sold “As Is/Where Is”. A 15% Buyers Premium will be added to the sale price of all onsite purchases. An 18% Buyer’s Premium will be added to the sale price of all onsite purchases.  Sales tax in the amount of 7.95% will be added to all applicable sales. Any unpaid purchases will be re-sold at the auctioneer’s discretion.

6. REMOVAL – NO REMOVAL WILL BE ALLOWED THE DAY OF THE AUCTION! Removal is the sole responsibility of the buyer.  The auctioneer is not responsible for preparing items for shipping or removal.  No Items will be released until that item has been paid for in full and a copy of the paid invoice is presented to an ATEC representative.  If you employ someone to remove your purchases they must provide a copy of the paid invoice to our representatives on site.  All professional movers MUST provide proof of insurance to ATEC prior to moving any items.  NO ITEM WILL BE REMOVED WITHOUT PROOF OF PURCHASE AND PAYMENT – NO EXCEPTIONS! 

Reliable Equipment, LLC has the ability to pack and ship items (at the buyer’s expense) to buyers who are unable to pick up their items.  If you wish to engage Reliable Equipment in the packing and shipping of your items, please inform ATEC and you will be provided with their contact information. No contact information for Reliable Equipment will be provided until your invoice has been paid in full.

Removal of all items will take place Wednesday, February 1st through Friday, February 3^rd, 2017, from 9:00 A.M. to 4:00 P.M. (Central Time). No weekend removal will be permitted. Removal will resume BY APPOINTMENT ONLY on Monday, February 6^th, 2017 through Friday, February 10^th, 2017.  If you are unable to remove your items by February 3^rd, 2017 at 4:00 P.M., it is your responsibility to contact ATEC at (314) 447-3200 to make an appointment for removal.

ALL ITEMS NOT REQUIRING RIGGED REMOVAL MUST BE REMOVED BEFORE FRIDAY, FEBRUARY 10^TH, 2017 AT 4:00 PM. Any items not removed, or scheduled for rigged removal on February 10^th, 2017 at 4:00 P.M. will be considered abandoned and resold. NO EXCEPTIONS!

7.  MERCHANDISE – All items are being sold AS IS/WHERE IS without warranty or guarantee of any kind expressed or implied.  Neither the auctioneer nor the seller shall be responsible for discrepancy in description or nomenclature.  The auctioneer does not own any of the items in the sale and is working on behalf of the seller.  The auctioneer reserves the right to remove, on behalf of the seller, any items identified by the seller to have a clear defect or legal encumbrance not initially known and identified at the time of posting.  Neither the auctioneer nor the seller shall be held responsible for any issues related to the safe handling and transport of item(s) purchased, as removal is the responsibility of the buyer.

IT IS YOUR RESPONSIBILITY TO CLARIFY ANY OF THE TERMS OR CONDITIONS PRIOR TO BIDDING ON ANY ITEMS. 

ALL QUESTIONS SHOULD BE DIRECTED TO:
GEORGE RISSMANN, ATEC'S CHIEF AUCTIONEER
OFFICE: (314) 447-3200, EXT 222  |  DIRECT: (314) 778-9893
EMAIL: GRISSMANN@ATEC-INC.COM

OUR CUSTOMERS HAVE USED THE FOLLOWING COMPANIES FOR RIGGED REMOVAL:

1. Phase 4 Machinery, Inc  |  Jason Jaggie  |  (636) 461-0212
2. Bosko Machinery  |  Dan  |  (314) 581-4057
3. Kev-Mar  |  Steve Tiepelman  |  (314) 565-1376
4. Grant Machinery Movers  |  Dennis Grant  |  (636) 925-2322