TERMS & CONDITIONS OF SALE

THIS IS A LIVE & WEBCAST AUCTION BEING HELD AT MASTERCRAFT TOOL ON TUESDAY, JULY 12^TH, 2016 BEGINNING AT 10:00 A.M. (CST).  ALL ITEMS ARE BEING PRESENTED FOR SALE AS IS/WHERE IS, WITHOUT WARRANTY OF ANY KIND EXPRESSED OR IMPLIED.  A 15% BUYERS PREMIUM WILL BE APPLIED TO ALL ONSITE PURCHASES.  AN 18% BUYERS PREMIUM WILL BE APPLIED TO ALL ONLINE PURCHASES. CREDIT CARDS (VISA, MASTERCARD & DISCOVER) WILL BE ACCEPTED FOR PAYMENT OF PURCHASES LESS THAN $10,000.

1. REGISTRATION – All bidders must register for the sale providing name (& business if applicable), address, reliable contact phone number, email address, valid credit card number and bank information. Credit Card information is utilized to validate the registrant and will not be used as payment without express authorization from the buyer after the sale.  Complete registration information is vital to being quickly approved for the sale. Incomplete registrations may not be approved at the discretion of ATEC.  By registering, the bidder acknowledges that they have read, accept, and agree to abide by the terms set forth in this document.  It is the registrant’s responsibility to seek clarification of any terms and conditions not clearly understood or left undefined within this document.  No online registrations will be accepted after 5:00 P.M. Central Time on Monday, July 11^th, 2016. On-site registration is available the day of the sale.

2. DEPOSIT – International bidders (outside of the US) must submit a deposit via wire transfer in the amount of $2,525 before being approved to bid. $25 of this deposit will be applied to the wire transfer fee. In the event that no bids are placed, ATEC will refund $2,500 to the bidder via wire transfer. If the bidder is successful in placing bids, the $2,500 deposit will be applied to the account balance before a final invoice is issued. The deposit will not be refunded if the invoice is not paid before 4:00 PM on July 22^nd, 2016.

3. INSPECTION – Items can be inspected at Mastercraft Tool located at 13743 Shoreline Court East in Earth City, Missouri 63045 on Monday, July 11^th, from 9:00 A.M. to 4:00 P.M. Central Time.  Inspections will also be permitted from 9:00 A.M. to 10:00 A.M. on Tuesday, July 12^th, 2016.  Bidding will begin at 10:00 A.M.

4. BIDDING – All bidders must be registered to participate in this sale.  A 15% Buyer’s Premium will be added to the sale price of all onsite purchases. An 18% Buyer’s Premium will be added to the sale price of all online purchases. Placing a bid acknowledges that the bidder has read, accepted, and agrees to abide by the terms set forth in this document.  Placing a bid also signifies a contractual intent to purchase at the specified bid amount and cannot be rescinded.

5. PAYMENT – On-Site sales must be paid in full day of the sale. Invoices for online bidders must be paid within 48 hours of the sale closing.  All successful online bidders will be notified by email immediately following the sale with an invoice to follow.  If you receive notification that you are the successful bidder, but do not receive an invoice by 2:00 P.M. Wednesday, July 13^th, it is YOUR RESPONSIBILITY to notify our office at (314) 447-3200 so that we may re-issue your invoice.  ATEC accepts Cash, Cashier’s Check, Credit Cards, and Wire Transfer as payment. 

Visa, MasterCard, and Discover are accepted for purchases totaling less than $10,000. If the purchase is greater than $10,000, ATEC will allow the buyer to place a 10% non-refundable deposit on the credit card, with the remainder payable within 48 hours. If paying with a credit card, the buyer waives their rights to file a credit card dispute, as all items are released to the buyer immediately following payment, and all items are sold “As Is/Where Is”. A 15% Buyers Premium will be added to the sale price of all onsite purchases. An 18% Buyer’s Premium will be added to the sale price of all onsite purchases.  Any unpaid purchases will be re-sold at the auctioneer’s discretion.

6. REMOVAL – Removal is the sole responsibility of the buyer.  The auctioneer is not responsible for preparing items for shipping or removal.  No Items will be released until that item has been paid for in full and a copy of the paid invoice is presented to an ATEC representative.  If you employ someone to remove your purchases they must provide a copy of the paid invoice to our representatives on site.  All professional movers MUST provide proof of insurance to ATEC prior to moving any items.  NO ITEM WILL BE REMOVED WITHOUT PROOF OF PURCHASE AND PAYMENT – NO EXCEPTIONS! 

Removal of all items will take place Wednesday, July 13^th through Friday, July 15^th, 2016, from 9:00 A.M. to 4:00 P.M. (Central Time). No weekend removal will be permitted. Removal will also be available from Monday, July 18^th through Friday, July 22^nd, 2016 BY APPOINTMENT ONLY.

If you are unable to remove your items by July 15^th, 2016 at 4:00 P.M., it is your responsibility to contact ATEC at (314) 447-3200 to make an appointment for removal. Any items not removed, or scheduled for removal by July 15^th, 2016 at 4:00 P.M. will be considered abandoned and resold. NO EXCEPTIONS!

7.  MERCHANDISE – All items are being sold AS IS/WHERE IS without warranty or guarantee of any kind expressed or implied.  Neither the auctioneer nor the seller shall be responsible for discrepancy in description or nomenclature.  The auctioneer does not own any of the items in the sale and is working on behalf of the seller.  The auctioneer reserves the right to remove, on behalf of the seller, any items identified by the seller to have a clear defect or legal encumbrance not initially known and identified at the time of posting.  Neither the auctioneer nor the seller shall be held responsible for any issues related to the safe handling and transport of item(s) purchased, as removal is the responsibility of the buyer.

IT IS YOUR RESPONSIBILITY TO CLARIFY ANY OF THE TERMS OR CONDITIONS PRIOR TO BIDDING ON ANY ITEMS. 

ALL QUESTIONS NEED TO BE DIRECTED TO: ATEC (314) 447-3200

Machinery Movers, Packers, Shippers, & Freight Forwarders:

Move It (Auction Pickups)

Contact: Chad McDermott (800) 831-0030 ext 17

Craters & Freighters St. Louis, MO

Contact: Walter Haas (314) 770-0855

T&T Logistics

Contact: Tim or Tony (888) 474-0494 or (636) 925-1653

For Heavy Rigging

Phase 4 Machinery Inc.

Contact: Jason Jaggie (636) 461-0212

Kev-Mar

Contact: Steve Tiepelman (314) 565-1376

Bosko Machinery

Contact: John Bosko (314) 581-4057

Grant Machinery Movers

Contact: Dennis Grant (636) 925-2322