Lot of (5) Mitsubishi E800 Variable Frequency Drives, 3 ph, AC380-480 V, 480V/277V, 50/60 hz (New

Barliant Auctions, Inc. Terms of Sale 

Terms & Conditions:

1.     An eighteen percent (18%) buyer’s premium will be added to all purchases. 

2.     Payment Shall Be:

        A.)   Cash, check with bank letter, same day wire transfer.  We do not accept credit cards.  The bank letter should read:  _______________ is a                  valued customer and the ____________Bank will guarantee payment of checks or wire transfers drawn by_______________ for                                  any amount up to $__________ for purchase of items at the ____________ auction on (Date)___________

        B.)   Payment must be received by Friday, May 31st.

        C.)   In default if payment in full is not made within the time specified.  Barliant Auctions, Inc., in addition to all other                                                                remedies allowed by law, may retain all monies received as liquidated damages.  Lots not paid for and/or not removed                                                  within the time allowed herein may be resold by public or private sale.  Any deficiency, together with all expenses of                                                      resale, will be charged to the defaulting buyer.

        D.)   The record of sales kept by the auctioneer and clerk will be taken as final.

        E.)   State sales tax will be collected where applicable.

 
3.     Warranty & Description: Barliant Auctions, Inc makes no warranty, expressed or implied,  
        including any implied warranty of merchantability or fitness for a particular purpose, and no person has authority on behalf of 
        Barliant Auctions, Inc. to grant such warranty or make any representation, written or oral, regarding such equipment, parts or
        supplies.  All goods are sold As Is, Where Is.  While we have endeavored to be as accurate as possible in our descriptions,      
        buyers should avail themselves of the opportunity to make inspection prior to purchase and should use their own determination    
        as to make, model, condition, age, value and any other pertinent information required.

 4.    Safety Devices::  Articles purchased may not incorporate approved activating mechanisms, operating safety devices or safety guards, as                    required by OSHA or otherwise.  It is buyer’s responsibility that articles purchased be so equipped and safeguarded to meet all requirements on          equipment sold at this sale.

 5.    Indeminfication: Buyer shall defend and indemnify and hold Barliant Auctions, Inc. harmless from and against all claims and liabilities relating to the condition of, removal of, or use of the articles purchased or 
        failure of user to follow instructions, warnings, or recommendations of the manufacture, or to comply with federal, state, and local
        laws applicable to such articles, including OSHA requirements, and Environmental Protection Agency requirements, or for                                            approximate or consequential damages, costs or legal expenses arising therefrom.

 6.    Barliant Auctions, Inc. reserve the right to withdraw items from or add items to the sale, and also reserve the right to group one or more lots or            subdivide into two or more Lots.  Items being sold by quantity wil be "times by money".

 7.    Proxy Bids will be bid by Barliant Auctions, Inc. staff on the buyer’s behalf.

 8.    Disputes between Bidders:  If any dispute arises between two or more bidders, the auctioneer’s decision will be final.  The record kept by the            Barliant Auctions’ clerk will be final in any dispute during Internet bidding.

 9.    Minimums and Reserves:  When an item is offered as ABSOLUTE, the high bid will be accepted without any conditions. When n item is                        offered WITH A MINIMUM BID, the high bid will be accepted if it is equal to or greater than the minimum.  Items offered WITH RESERVE are            subject to the seller’s acceptance of the high bid.  Reserve:  The auctioneer reserves the right to reject any and all bids.  On lots upon which                there is a reserve, the auctioneer or  his assigned agents, shall have the right to bid on behalf of the seller..

 10.  Removal:

         A.)   The auctioneers will make every effort to provide security at the auction site.  However, after a piece of equipment is sold, its' removal and security become the sole responsibility of the buyer.

          B.)   Removal is by appointment only.  No equipment will be removed until auction is completed.

          C.)   Removal Starts June 3rd and all equipment must be removed by June 9th.  Property not removed by the allotted time will be considered abondoned and disposed of.  No claims will be acknowledged.

          D.)   Check out will be Monday thru Friday.  Upon request, weekends may or may not be made available.

 11.    Claims: No claims will be allowed after removal of goods from premises. 

 12.    Risk to person and property:  Persons attending during inspection, sale, or removal of goods assumes all risks of damage  of or loss to                    person and property and specifically release Barliant Auctions, Inc. from any and all liabilities.

 13.    Announcements made on the day of the sale supersede any printed material or other advertised information. 

Please contact us or notify our staff at this auction if your company has the need of an appraisal or has surplus equipment from single items to complete plants or if you need equipment not offered at this sale.

Thank you for attending another Barliant Auctions sale.