SOLD
1.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2024 Sep 12 @ 15:25UTC-4 : AST/EDT
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
NOTE: ALL PARTS IN THIS AUCTION ARE EITHER REMOVED FROM WORKING MACHINERY OR SOURCED FROM INVENTORY CRIB CONSOLIDATIONS. ALL PARTS ARE BELIEVED TO BE IN GOOD WORKING CONDITION. ANY KNOWN DEFECTS WILL BE CALLED OUT IN THE DESCRIPTION SECTION. YOU MAY COME TO OUR FACILITY AT ANY TIME DURING BUSINESS HOURS TO INSPECT THESE PARTS. AS ALWAYS, THESE PARTS ARE BEING SOLD “AS IS”, WITHOUT RETURNS.
NOTE: SOME LOTS MAY HAVE QUANTITY BIDS APPLIED TO THEM, SEE EACH LOT DESCRIPTION / BID CONFIRMATION
GE #7VTJS598CD01 Adjustable Speed Drive
Auction Location:
2051 Harvey St, Muskegon, Michigan, 49442, United States
Taxes:
| Tax | Rate | Desc. |
| ST |
6% |
Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
15% |
Additional Fees:
Shipping Details:
BTM Industrial International Shipments
• All paperwork and shipping labels are completed by BTM Industrial for ALL International Shipments
• Customers are welcome to have BTM Industrial ship on their UPS/Fedex account, but the paperwork and shipping labels will be generated by BTM Industrial
• EEI’s are required when the value of the items or goods exceed $2,500.00 USD
• BTM Industrial will ship with specific HS Codes if requested by the customer
*NOTE: BTM CAN FILL OUT CUSTOMS PAPERWORK, BUT ONLY ONE TIME. IF PAPERWORK IS FILLED OUT AND A REQUEST TO MAKE CHANGES ON THEM, THERE WILL BE A $150 ADMIN PROCESSING FEE TO MAKE THESE CHANGES. PLEASE MAKE SURE TO COMMUNICATE WITH AUCTION COORDINATOR RIGHT AWAY ON CUSTOMS PAPERWORK AFTER YOU RECEIVE YOUR FINAL INVOICE. WE WILL NOT CHANGE ANY INVOICE AMOUNTS, SO DO NOT ASK!
*BTM INDUSTRIAL WILL ONLY SHIP TO THE ADDRESS THAT IS ON YOUR ACCOUNT WHEN YOU SIGN UP FOR THE AUCTION. IF YOU REQUIRE A DIFFERENT ADDRESS, YOU NEED TO CONTACT THE AUCTION COORDINATOR BEFORE YOU MAKE PAYMENT ON YOUR FINALIZED INVOICE THAT HAS SHIPPING AND HANDLING ADDED. *NOTE: EVEN IF YOU SEND AN EMAIL, BTM IS STILL ONLY FINACIALLY LIABLE FOR SHIPPING TO THE ADDRESS THAT IS ON YOUR INVOICE. BEST THING TO DO IS IF YOU REQUIRE AN ITEM TO GO TO ANOTHER ADDRESS, CHANGE IT IN YOUR BTM INDUSTRAIL ACCOUNT THAT WAY IT SHOWS UP ON YOUR INVOICE.
BTM INDUSTRIAL IS NOT RESPONSIBILE FOR ASKING BIDDERS WHERE THEY WANT THEIR ITEMS SHIPPED, QUOTES AND SHIPPING ARE ALL DONE BASED ON THE ADDRESS ON YOUR INVOICE.
BTM INDUSTRIAL WILL NOT BE HELD LIABLE FOR AND ADDITIONAL CHARGES IF ITEMS NEED TO BE SENT TO OTHER LOCATIONS AFTER THE ITEMS LEAVE OUR BUILDING. IF THIS IS NEEDED, PAYMENT FOR REDIRECTING THE SHIPMENT MUST BE PAID BEFORE SHIPMENT IS REDIRECTED.
***SHIPPING QUOTES ARE GOOD FOR 7 DAYS AFTER YOU RECEIVE YOUR FINAL INVOICE, IF YOU ARE DELAYED ON YOUR PAYMENT AND YOUR INVOICE IS SHIPPED AFTER 7 DAYS, YOUR SHIPPING COST COULD CHANGE. PLEASE MAKE PROMPT PAYMENT TO AVOID ANY CHANGES IN SHIPPING COST***
Shipping Details:
BTM Industrial has updated the handling charges effective 1/06/2019 to ensure transparency of charges and to effectively package your items for safe delivery.
NOTE: This is for PACKAGING and HANDLING only, it DOES NOT include the actual cost to ship your items.
Ground Packaging:
Cost is $3.00 Per lot, PLUS a per pound (LB) charge as follows:
1-10 Lbs, $1.00 per lb
11-25 Lbs, $0.75 per lb
26-50 Lbs, $0.50 per lb
51-75 Lbs, $0.35 per lb
*BTM Does not package and ship any one box over 75 lbs. to ensure safe delivery.
*Packaging Items used: boxes, bubble wrap, tape, static bags (if needed for electronics)
*On valuable items such as drives, controls, power supplies, motors, items may be packed in our foam packaging machine. Handling costs will reflect if this packaging is used.
LTL Packaging:
1lb-225lbs, $0.25 per lb
226lbs-400lbs, $0.20 per lb
401lbs and above, $0.175 per lb
*Note these LTL costs are subject to change depending on how your items need to be safely packaged.
PALLET FEE $50 (standard skid 48x48 - A custom skid could be required. - Price depends on time & materials)
CRATE FEE $100
Shipping:
BTM Industrial uses UPS ground and LTL shipping.
Options for Shipping:
1.) BTM can provide you with a quote for us to ship your items.
2.) If you have a UPS account number, we can ship under your account.
3.) We can send you the package count, dimensions, and weights, so you may contract your own shipping. Documents must be provided by the buyer and the buyer assumes all responsibility for insurance and accuracy of the shipping information.
Shipping and Handling will be line itemed separately on your invoice to ensure you know what the two charges are.
Payment Details:
PAYMENT OPTIONS AND PROCEDURES
All correspondence, Wire/ACH transfers, Checks, etc., must have your Paddle Number and reference the sale on which you are bidding. If you do not, we will not know how to apply your payment!
Buyer’s Premium:
- 15% for payments by Wire or Certified Check; or
- 18.5% if using Credit Card or PayPal
BTM requires a credit card on file to verify valid bidders. BTM reserves the right to run your credit card on file if we do not hear from you about your outstanding invoice within 48 hours.
Sales tax is applied to all buyers in the United States. If you have a sales tax exemption ID #, please make sure to enter it when signing up for each auction. If we do not have your form on file, taxes will be added until we receive it.
Please email/call auction house for more information.
For all auction questions including shipping, loading, and handling fees, please contact the Auction Coordinator at auctions.opps@btmindustrial.com.
Buyers may pay by one of the following methods:
Credit Card
- Email: auctions.opps@btmindustrial.com to request credit card on file be charged.
- You must have your paddle number and reference the sale on which you are bidding.
PayPal
- Email: auctions.opps@btmindustrial.com to request PayPal Invoice.
- You must have your paddle number and reference the sale on which you are bidding.
Certified Bank Check:
Recipient:
BTM Industrial Corporation
ATTN: Carmen VanSuilichem
2051 Harvey Street
Muskegon, MI 49442
- Payment must be sent via USPS priority or UPS ground envelope to ensure prompt delivery
- You must have your paddle number and reference the sale on which you are bidding.
Wire Transfer (No Additional Fee)
Routing number: 044000024
Account number: 01153656708
SWIFT: HUNTUS33
Huntington Bank 2185 3 Mile Rd NW
Grand Rapids, MI 49544
BTM Industrial Corporation
- You must have your paddle number and reference the sale on which you are bidding.
ACH Transfer (No Additional Fee)
Routing number: 072403473
Account number: 01153656708
- You must have your paddle number and reference the sale on which you are bidding.
*NOTE:
If you intend on making your payment by check, cash, or wire transfer, you must let BTM know to remove the 3.5% electronic payment fee. If you have selected your credit card as your method of payment when you signed up, the system defaults to that payment method on every auction. You must email the Auction Coordinator at auctions.opps@btmindustrial.com. If you notice a mistake, simply let us know and we will adjust your invoice and send you a new one.
*NOTE:
It is your responsibility to make sure your payment method is correct, and the buyer’s premium is correct. If we process your payment and you did not tell the Auction Coordinator you wanted a different payment method, no refunds of the 3.5% will be issued.
*NOTE:
If your invoice is two (2) weeks late or more, you will be subject to a 5% invoice total late fee. This applies to pick-up customers as well. If your items are not picked up within two (2) weeks, you will be subject to a late pick-up fee of the same amount.
For any other questions regarding payment and wire transfers, please contact the Auction Coordinator at: auctions.opps@btmindustrial.com.
RETURNS/REFUNDS
The only possibility of returns/refunds are for the following conditions:
1. Damaged shipping upon arrival: original packaging and pictures need to be taken and sent to BTM within 48 hours of receiving your shipment. Full refund of hammer, buyer’s premium, and shipping/handling are eligible for refund if the above terms of notification and pictures are presented within the 48-hour time frame.
2. Items were not accurately listed. Examples: count/quantity, damage of parts not pictured, part numbers are listed incorrectly. BTM needs to be notified within 48 hours of receiving your parts of a problem for the possibility of return. In the event this warrants a return, only the hammer price and buyer’s premium will be eligible for a refund, not shipping/handling. Buyer is responsible for shipping the parts back to BTM. Once parts are received, a refund check will be issued. We do not issue credits on other invoices. Every return situation is different and BTM reserves the right to handle each situation differently based on the facts and situation.
Accepted Payment Methods:
- VISA
- Master Card
- AMEX
- Discover
- Money Order/Bank Draft
- Check/Cheque
- PayPal
- Wire Transfer
- Cash
PREVIEW
For parts auctions, BTM Industrial (hereinafter “BTM”) attempts to describe the items to the best of our ability based on the information that is given to us by the Consignor and general evaluation and condition of the part(s) (hereinafter “parts”) when we receive them. Please bid accordingly based on the description and pictures of each item. You are buying parts in “As Is” Condition. Some lots may have quantity bids applied to them. See each lot description/bid confirmation.
We have four (4) categories for our items. This is to give bidders information about the parts but in no way guarantees the parts are functional. Category 1 & 2 below are implied in all auctions unless category 3 or 4 are specifically noted in the listing. Note: All items are available prior to the auction end date for physical inspection.
1. Removed from Machinery - This means the parts were removed from a machine recently (30 days or less). All parts are believed to be in good working condition. Any known defects will be called out in the description section. You may come to our facility at any time during business hours to inspect the parts. As always, the parts are being sold “AS IS” without returns.
2. Surplus Inventory – This means the parts were being stored in a tool crib or storage facility. No information is known if and when the parts were removed from a machine and for what reason. All parts are believed to be in good working condition. Any known defects will be called out in the description section. You may come to our facility at any time during business hours to inspect the parts. As always, the parts are being sold “AS IS” without returns.
3. Condition Unknown – This means neither the Consignor nor BTM has any history on the parts.
4. Parts & Repair – This means we believe or have been told the parts are either incomplete, or in need of repair.
APPOINTMENT / INSPECTION DAYS
We highly recommend inspection and previewing lots prior to bidding. Please see all terms below. All buyers have a MAXIMUM of seven (7) days to remove the items from location unless earlier demands of time are stated in the auction description for a specific machine. If items are not picked up within that time frame, then they will be removed and disposed of at buyer’s expense or forfeited. Sale is subject to additions AND deletions.
The following constitutes the entire terms and conditions on which property listed in the auction sale catalog shall be offered for sale or sold by BTM, and any consignor of such property for whom BTM acts as the agent. BTM strongly recommends to all bidders to first read through these terms, fully understanding the contractual obligations they are entering into by registering and bidding on this sale. BTM also encourages bidders to thoroughly inspect all items before the auction on which they intend to bid.
Under these Terms and Conditions, the term “Bidder,” “High Bidder,” and “Purchaser” shall be used interchangeably and be one of the same.
1. Bidder acknowledges that an auction site is a potentially dangerous place. Flammable, noxious, corrosive, and pressurized substances may be present. Heavy equipment may be in operation, and electric circuits may be live. Every person at the auction site before, during, and after the auction sale shall be deemed to be there at his/her own risk with notice of the condition of the premises, the activities on the premises, and conduct of third parties; and the Bidder shall so advise his/her agents and employees. No person shall have any claim against BTM Industrial (hereinafter “BTM”), its consignors, agents, employees, directors, or principals for any injuries sustained or for damages to or loss of personal property, which may occur from any cause whatsoever.
2. As used herein, the term “Bid Price” means the price at which a lot is knocked down to the Purchaser, and the term “Purchase Price” means the aggregate of: (a) the Bid Price; and (b) the Buyer's Premium and other surcharges, if any, unless Purchaser is exempt by law from the payment thereof, any Federal, Provincial, State, or local sales taxes (or compensating use tax of another State), and any other applicable taxes. Unless exemption from such taxes is established to the satisfaction of BTM, any Purchaser claiming an exemption will be required to pay the tax to BTM and seek a refund directly from the taxing authorities.
3. A sale to the High Bidder shall be complete upon physical acceptance of the item by the High Bidder. Upon close of auction, invoicing will take place in a timely fashion. Upon invoicing of sale, buyers have (48) hours to make payment in full. No lot may be removed until the Purchase Price is paid in full for all lots purchased. To prevent mis-delivery and inconvenience in settlement of a purchase, no lot may be transferred prior to removal by the Purchaser.
4. If the conditions herein or any other applicable condition(s) are not complied with, in addition to other remedies available by law to BTM and/or its consignors, including but without limitation the right to hold the Purchaser liable for the Purchase Price, BTM may, at its option, either: (a) cancel the sale in part or in full, retaining as liquidated damages all payments made by Purchaser; or (b) resell the property, either publicly or privately, after three (3) days’ notice to the Purchaser and for the account and risk of the Purchaser, and in such event the Purchaser shall be liable to BTM for any deficiency if the resale is less than the Purchase Price, plus all costs, including warehousing, the pro-rated share of expenses of both sales including reasonable attorney's fees, BTM’s commission, plus all other charges due hereunder and incidental damages suffered by BTM or its consignor.
5. Only cash, wire transfer, bank draft, or certified check will be accepted as payment of the Purchase Price. Personal or company checks may be accepted by BTM, at its sole option, on the condition that they must be accompanied by a letter from the Purchaser’s bank, unconditionally guaranteeing payment of the Purchase Price in full of items purchased.
6. BTM reserves the right to withdraw any property at any time before the actual sale. Sale of any property shall not be considered as COMPLETED until the property is in the hands of the High Bidder. If for any reason a consignor needs to withdraw an item that has been in the auction and the High Bidder has NOT taken possession, the High Bidder would be entitled to return of their original high bid, any buyer’s premium, and loading/shipping & handling fees paid. The High Bidder agrees they will not be entitled to any other form of compensation. In addition, BTM, its agents, subsidiaries, and/or consignors retain the right to bid on any items in this sale. Any bids/purchases made would be subject to the same buyer's premium and other terms and conditions as other bidders as stated in this agreement. BTM also reserves the right to reject a bid from any bidder. In the event of any dispute between bidders, or in the event of doubt on the part of BTM as to the validity of any bid, the auctioneer shall have the sole discretion either to determine the successful bidder or to re-offer and re-sell the lot in dispute. If any dispute arises after the sale, BTM`s sales record shall be conclusive in all respects.
7. All property is sold AS IS. Whereas, neither BTM nor the consignor makes any representation or warranty, oral or written, expressed or implied, as to the merchantability, fitness for a particular purpose, condition of the property, correctness of the description, condition, capacity, age, or any other details used to describe the property. Absolutely no warranty or representation of a warranty, written or oral, is given with any lot in this sale. All statements contained in the BTM catalog, website, 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, and BTM will not be liable, and no compensation will be paid for any nature of harm or economic difficulties that should fall onto a High Bidder of such lot because of a fault or error in a lot description.
8. Neither BTM, 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.
9. All lots purchased shall be removed in their entirety from the site at Purchaser’s sole cost and responsibility and by the date as specified in the auction catalog. No items may be removed before termination of the sale. Removal shall be at the sole risk and liability of the Purchaser, and only after Purchaser has provided BTM satisfactory proof of insurance by Certificate of Insurance or otherwise. Purchaser shall fully indemnify BTM and its consignors for any loss arising from damage to any person or property caused to any extent by Purchaser’s removal of the lots purchased.
10. Purchaser is solely responsible to secure all safety equipment as may be necessary and prudent to meet all government safety standards in using, operating, or removing lots purchased.
11. If BTM or its consignor is unable to deliver any lot or any necessary documentation required with respect to any lot, their sole and exclusive liability shall be the return of any monies paid on such a lot.