SOLD
50.00USD+ (7.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2016 Aug 25 @ 13:50UTC-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.
Loading Fee none if buyer picks up hand loading
Reliance Electric SP 500 AC Drive
Auction Location:
1272 West Green St, Hastings, Michigan, 49534, United States
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
15% |
Additional Fees:
Shipping Details:
Please note BTM Industrial does not package or ship items.
Midway Machinery Movers can assist in arranging delivery if you are out of the area.
Payment Details:
Cash, wire transfer,
bank draft or certified
check will be accepted as
payment of the Purchase Price.
additional 3% fee will be
assessed for credit card
transactions)
BUYERS PREMIUM: 15% for
payments by wire or certified
check, 18% if using
Credit Card
Payment terms - Full Payment
is due upon 48 hours of
receiving invoice. (see above
for payment methods)
Accepted Payment Methods:
- VISA
- Master Card
- Discover
- Money Order/Bank Draft
- Check/Cheque
- Wire Transfer
PREVIEW:
MULTIPLE LOCATIONS - by Appointment
Auction Location: Hastings, MI
We highly recommend inspection
and previewing lots prior to
bidding.
Please see all terms
below.
REMOVAL: Midway Machinery is
the only approved contractor
for this sale. They can provide
skidding services as well as
packaging product for shipment
via UPS, please email for
their rate sheet.
Sale 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 Industrial, and any
consignor of such property for
whom BTM acts as agent. BTM
Industrial strongly recommends
to all bidders to thoroughly
inspect all items before the
auction on which bidder
intends to bid. Under these
Terms and Conditions, the term
??Bidder?? and ??Purchaser?? shall
be used interchangeable 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, 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, (b) the Buyer??s Premium
and other surcharges, if any,
and (c) 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
Industrial, any
Purchaser claiming an
exemption will be required to
pay the
tax to BTM Industrial and seek
a refund directly from the
taxing authorities.
3. A sale to the highest
Bidder shall be complete upon
the auctioneer??s call, with
the highest Bidder purchasing
the offered lot, in accordance
with all the conditions set
forth herein, including
Purchaser (a) assuming full
risk of
loss and responsibility
thereof, see Point 8 below,
(b)
immediately making a deposit
of not less than twenty-five
percent (25%) of the Purchase
Price, and (c) paying to BTM
the balance of the Purchase
Price in full within forty-
eight
(48) hours after the auction
sale for all lots purchased.
No lot may be removed until
the Purchase Price is paid in
full for all lots purchased.
To prevent miss-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 Industrial 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-rate share of expenses of
both sales including
reasonable attorneys fees,
BTMs??
commission, plus all other
charges due here under 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 actual
sale. Unless otherwise
announced
by the auctioneer at the time
of sale, all bids are per lot
as numbered in the catalog.
Lots may be combined or
divided at the auctioneer??s
choice.
7. BTM Industrial
reserves the right to reject a
bid
from any Bidder. The highest
Bidder as acknowledged by the
auctioneer shall be the
Purchaser. 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
resell
the lot in dispute. If any
dispute arises after the sale,
BTM`s sales record shall be
conclusive in all respects.
8. Purchase of any lot is
at the Purchaser??s risk with
risk of loss immediately
passing to Purchaser upon the
auctioneer??s call. 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 or as posted or
announced at the sale. No
items
may be removed before
termination of the sale.
Removal
shall be at the sole risk and
liability of the Purchaser or
Purchaser??s agent, 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 in
respect
of any lot, their sole and
exclusive liability shall be
the
return of any monies paid on
such lot.
12. Absolutely no warranty
or representation, written or
oral, is given with any lot.
All statements contained in
BTM??s 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
such fault or error of
description.
13. All property is sold
??AS IS, WHERE IS??. Neither
BTM nor the consignor makes
any representation or
warranty, oral or written
expressed or implied, as to
the
merchant-ability, 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
RETURN of sold goods, NO
REFUNDS,
and NO EXCHANGES will be
permitted.