2017 LNS SN542 S2 Bar Feeder

SMEC SAMSUNG HWACHEON FOM THERMWOOD MOTIONMASTER 5-AXIS ELUMATEC HOLXHER AXYZ STIERLI-BIEGER BENDER OKAMOTO TRIPET TELEDAYNE LANDIS ITALMAC DONALDSON MOTIVAIR DAVENPORT NATIONAL ACME SUNNEN RUSH AND MORE!!!

IDENTIFICATION: All Participants are required to register prior to becoming an Approved Bidder.  All Participants are required to give full name, permanent street address, phone numbers, email address, valid credit card and business name.   The following Terms and Conditions (the “Terms”).  Your agreement to these terms is an express condition of your participation in the Auction.  By signing up for the Auction, you acknowledge that you have read and understand these Terms, and you agree to be bound by them.  These Terms supplement the details and other information about the Auction posted to the Auction webpage(s) at Bidspotter.com.  Subsequent to registration on BidSpotter, approval to bid is at our discretion.

a. DEPOSITS: INTERNATIONAL BUYERS may be asked to submit a refundable deposit.

 2. PAYMENT: Invoices must be paid in full by Friday, August 23, 2024.    Payment may be made by wire transfer, company check with a bank letter of guarantee, certified funds, or cash. (No Credit Cards are accepted) A BUYERS FEE OF 18% WILL BE APPLIED TO INVOICE IN ADDITION ANY APPLICABLE SALES TAX WILL BE APPLIED TO ALL SALES UNLESS BUYER HAS A PROPER EXEMTION.  NO MERCHANDISE WILL BE RELEASED UNITIL THE INVOICE IS PAID IN FULL.

3. Purchase of any lot is at the Purchaser's risk with the risk of loss immediately passing to Purchaser upon the auctioneer's call. Neither Premier Asset Recovery Group, LLC, nor its consignors, have any liability of any nature whatsoever to Purchaser if the lot is not delivered to Purchaser due to fire, theft, damage, or any other cause.

4. REMOVAL:  All purchases MUST be removed as listed herein. Small items (Tooling, Machine Parts & Accessories, etc.) are to be REMOVED WITHIN 2 DAYS OF THE AUCTION.  WE ASSUME NO RESPONSIBILITY FOR SMALL, CARRIABLE ITEMS LEFT ON PREMISES ONE DAY AFTER SALE.  All other Machinery & Equipment must be removed by Friday, September 6, 2024.

Note:  If a rigging fee is added, this will be only to load machine(s) onto your flatbed truck! Blocking, bracing, bracketing, and securing the machine for transport is the responsibility of the buyer. Premier Asset Recovery Group LLC assumes no responsibility for the proper preparation of machines for transportation.

 5.  Purchases may be removed only on presentation of paid bill.  Removal shall be at the expense, risk, and liability of the purchaser.  The auctioneer shall not be responsible for goods not removed within the time allowed.

6. CONDITION:   All Items are sold on “as is – where is”, “in place”, “with all faults” basis no conditions or warranties or representation, written or oral, is given with any lot.  Neither Premier Asset Recovery Group, LLC or Seller shall be liable or responsible for any advertising discrepancies or inaccuracies of any kind.  All assets are sold on an AS IS, WHERE IS AND WITH ALL FAULTS BASIS. NEITHER PREMIER NOR SELLER MAKE ANY REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS OR GUARANTEES OF ANY KIND, WHETHER EXPRESS OR IMPLIED BY LAW, COURSE OF DEALING, COURSE OF PERFORMANCE, USAGE OF TRADE OR OTHERWISE, INCLUDING ANY WARRANTIES AS TO THE NATURE, QUALITY, DURABILITY, CAPABILITY, FUNCTION, PERFORMANCE, VALUE OR CONDITION OF ANY ASSETS, OR THEIR SUITABILITY FOR ANY USE. PREMIER AND SELLER EXPRESSLY AND SPECIFICALLY DISCLAIM, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. 

All statements contained in Premier Asset Recovery, LLC catalog, website, and marketing material or by the auctioneers, or in any bill of sale, invoice or elsewhere as to description, size, quantity, quality, capacity, model, serial number, measurements, or condition, are approximated statements and shall not be deemed to be representations or warranties, oral or written, with respect to any lot. No sale is invalid or made void by reason of any flaw in a lot or by reason of a lot being incorrectly described.  Description and Photos are not guaranteed. 

It is the buyer’s responsibility to inspect before bidding.  Premier Asset Recovery Group assumes no liability for error or omissions associated with the auction sale.  The buyer does hereby assume and does agree to indemnify and hold the auctioneer and seller harmless from any future claim which shall pertain to the fitness or use of the assets being purchased.

7. CLAIMS: NO CLAIMS WILL BE ALLOWED AFTER REMOVAL OF GOODS FROM PREMISES OR LEFT ON PREMISES PAST ALLOWED TIME LIMIT.

8. RESPONSIBILITY FOR NON-DELIVERY: Neither the auctioneer nor the seller, in any event, shall be liable for non-delivery or for any other matter or thing, to any purchaser of any lot, other than for the return to the purchaser of the deposit or sum paid on said lot, should the purchaser be entitled hereto.

9. COMPLIANCE WITH TERMS OF SALE: In default of payment of bills in full within the time therein specified, the auctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. Lots not paid for and removed within the time allowed herein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of resale including legal fees, will be charged to the defaulting purchaser.

10. RISK TO PERSON AND PROPERTY: Persons attending exhibition, sale or removal of goods assume all risks of damage of or loss to person and property and specifically release the auctioneer and seller from liability, therefore. Neither the auctioneer nor his principal shall be liable by reason of any defect in or condition of the premises on which the sale is held.

11. CONTRACT MOVERS: If purchaser wishes to hire or contract with a machinery mover, rigger or other type of outside contractor, PROPER INSURANCE protecting Premier Asset Recovery Group, LLC  and the people or company that the auctioneers are conducting the sale for against any or all claims arising from personal injury and/or property damage created by their actions. This requirement is for the auctioneer`s protection - NOT FOR THE PURCHASER`S therefore the auctioneer suggests that the purchaser review the insurance policies of the machinery mover regarding the coverage that they have protecting the purchaser and damage or loss of the equipment they may be moving for the purchaser.

12. ADDITION TO OR WITHDRAWAL FROM SALE: The auctioneer (Premier) reserves the right to withdraw from sale any of the property listed or to sell at this sale property not listed. Premier shall regulate all matters relating to the conduct of the Auction, and its decisions shall be final and binding on all participants in the Auction. Premier reserves the right to group, regroup, reduce, add to or delete lots: to accept or reject any or all bids; and to offer all items in bulk.  Premier is responsible for determining the bidding increments.  Premier owes no duty whatsoever to you or other Auction participants.  Premier is an agent for the owner/seller of the Assets (“Seller”), and Premiers sole responsibility is to maximize the Auction proceeds.  There may be more than one Seller and, in some cases, Premier and/or its affiliates may be the seller of some or all Assets.  Premier reserves the right to bid on any items included in the Auction.  Some items may be auctioned with reserve and/or subject to Seller’s (or its creditors’) right of confirmation, regardless of whether this information is posted.  You will be deemed the “Purchaser” of a particular lot (and all items included within such lot) (all assets for which you are the Purchaser shall be referred to herein as “purchased Assets”) Upon knockdown and Premiers declaration THAT YOU ARE THE PURCHASER, AT WHICH POINT ALL RISK OF LOSS AND LIABILITY WITH RESPECT TO YOUR Purchased Assets shall transfer to you.  As a result, you should prearrange insurance coverage for any Assets you may bid on.  Title to each Purchased Asset passes only upon Revelation’s receipt of payment in full for all purchased Assets.  ALL SALES ARE FINAL.  NO REFUNDS, RETURNS, CREDIT OR EXCHANGES.

13. Cancellation/Non-Delivery.  You have no right to cancel or rescind any purchases you make at the Auction.  Premier reserves the right, at any time prior to the removal of a purchased asset, to cancel your purchase (including, for example, if a creditor refuses to release a lien, or if a third party removes a Purchased Asset or makes a claim against the Purchased Asset), in which case Premier sole responsibility shall be to refund any payment you have made on your Purchased Assets, Except for the return of any payment you have made for Purchased Assets that have not been delivered.

14.  It is the Purchaser’s sole responsibility to meet all governmental safety and environmental standards in removing, shipping, and using purchased items.  Certain items for sale may contain “hazardous substances”, as that term is defined under federal, state, or local environmental laws and regulations.  Premier has no duty to remove any hazardous substances that are contained in or are a part of any items.  Purchasers agree to defend (by counsel satisfactory to Premier) and indemnify Premier and hold Premier harmless from any against any claim.  Demand, cause of action, liability, or expense (including attorney’s fees and costs) asserted against or incurred by Premier in connection with the sale, removal, shipment, or use of any purchased items.

Export:  Buyer is responsible to obtain proper licenses, where required for the export of any items that are considered controlled commodities and which are restricted from export outside of the United States without proper export licenses.  Buyer further agrees to fully comply with all applicable export control laws, regulations, rules, and orders of the United States and all other applicable authorities, and will not export, re-export, release, or transfer (collectively "export").  directly or indirectly, any Equipment, or enter into any transactions, for any proscribed end-use, or to or with any proscribed end-use, or to or with any proscribed country, entity, or person (wherever located), including but not limited to those entities and persons listed on the U.S. Government's Denied Persons List, Unverified List, Entity List, Debarred Parties List or Specially Designated National List, without first obtaining at its own expense written authorization for the U.S. Government.  Agent will have the right to cancel any sale at any time in the event it determines, in its sole discretion, that the sale does or may violate applicable U.S. Export Control or similar laws. 

 15. DISPUTE BETWEEN BIDDERS: The auctioneer`s decision will be final and absolute.

16. RECORDS: The record of sale kept by the auctioneer and bookkeeper will be taken as final in the event of any dispute.

17. INDEPENDENT CONTRACTOR: The auctioneer is acting as an independent contractor only and is not responsible for the acts of its principals or sellers. 

18. 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.

19. RESERVE: The auctioneer reserves the right to reject any and all bids. Lots may be auctioned with a reserve and/or subject to the seller’s right of confirmation regardless of whether this information is posted on the auction. 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. This Auction Company has requested and been granted access to see all bids placed including any maximum pre-bids. This auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder.

20.  These terms and conditions, and all questions with respect to the interpretation of these Terms and Conditions, shall be governed by and construed in accordance with the internal law of the State of Illinois, without regard to conflict of law’s provisions.  All bidders expressly consent to personal and exclusive authority in the courts of the State of Illinois located in Cook County.