Giddings & Lewis Model 25VSRT CNC Vertical Machining Center with 60" Rotary Table

Harris Machine Tools, Inc. (SELLER) Terms and Conditions for Online Auction

Premium:  A buyer’s Premium of 18% will be charged to all purchases at this sale.

Registration: All bidders are required to give full name, address, company name, contact information (phone, fax, and email), and bank information when registering.  A credit card (MasterCard or Visa) is required to be on file when registering for this auction. 

Payment: Upon notification of being the successful bidder, BUYER will have 48 hours to pay in full.  SELLER accepts the following payment types: wire transfer, company check, or cashier’s check.  ALL company checks MUST be accompanied by a bank letter of guarantee made out to Harris Machine Tools, Inc.  ALL international buyers MUST pay by wire transfer.  The full purchase price on all items to the same buyer must be paid within the time fixed and before removal of any of the goods.

Taxes: If any lot purchased at this auction remains in the state of Texas, 8.25% Sales Tax will be added to the purchase price unless the BUYER can provide an appropriate Tax Exemption Certificate.

Location: The machines are currently located at various locations.

Inspection of Machines: BUYERS may arrange to inspect the machines by calling 713-462-5800. INSPECTION OF MACHINES BY APPOINTMENT ONLY. Harris Machine Tools, Inc. will provide directions to the machine locations and assist in setting inspection appointments. Inspection dates are Tuesday, March 8, 2016, and Wednesday, March 9, 2016. 

Delivery: Freight, transportation, rigging and pick-up will be the responsibility of the BUYER. The machines must be removed by the BUYER no later than March 28, 2016. The BUYER is responsible for arranging all transportation and ensuring the transport vehicle(s) is/are capable of carrying the purchased item(s). Arrangement for Rigging is the responsibility of the BUYER, unless otherwise dictated by the owner(s) of the locations where the machine(s) are currently located.  In all cases, the cost of the rigging is the responsibility of the BUYER.  If item(s) are not picked up within the agreed upon period, or other arrangements are not agreed upon by both BUYER and SELLER, SELLER reserves the right to restock, resell or otherwise dispose of said item(s) at SELLER’S sole discretion, with no refund to BUYER of any monies received.

Installation: Installation of machines, equipment or any purchased item at the BUYER’s facility, or any other location, is NOT INCLUDED with any lot. 

Condition of Items:  All machines are USED.  The descriptions and images included in the online catalog are true and correct to the best of SELLER’S knowledge at the time of publication.  SELLER shall not be responsible for any incorrect description, typographical error, omission, or other errors with regards to the online catalog.  No sale shall be set aside nor allowance made on account of any incorrectness, error in cataloging, or any other error not noted. Pictures are for representation purposes only, all pictures are intended to show the machine and major component parts to aid the BUYER in evaluating the machine. All prospective bidders are encouraged to inspect the machines prior to the auction. 

Warranty: All machines offered in this auction are USED. All are “As Is”, “Where Is”, “With All Faults” and “With Removal at Buyer’s Risk and Expense”.  No warranty, expressed or implied is included with any machine offered here.  The SELLER expressly disclaims any warranty as to fitness or usability of all assets, and the BUYER expressly waives any claim in respect to any possible future use of any asset purchased for any purpose whatsoever.

Indemnification:  BUYER agrees to indemnify and hold SELLER harmless from and against all claims and liabilities relating to the condition or use of the items purchased or failure of user to follow instructions, warnings or recommendations of the manufacturer, or to comply with federal, state and local laws applicable to such items, including OSHA requirements, or for proximate or consequential damages, costs or legal expenses arising therefrom.

Compliance with Terms of Sale:  In default of payment of bills in full within the time herein specified, the SELLER, in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages.  Items not paid for or removed within the time agreed upon by BUYER and SELLER may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting BUYER.

Reserve:  All items in this auction have a Reserve amount attached to them. For any item where the bidding does not reach the Reserve amount, Harris Machine Tools, Inc. will be under no obligation to sell that item for less than said Reserve. All bids above, and including, the Reserve amount will be accepted.

Additional Terms and Conditions:  The auctioneer may add other terms and conditions of sale, such additional terms and conditions to be announced prior to the auction. If you require assistance, please contact us at 713-462-5800.

Location:

3603 Melva St.

Houston, TX 77020