Bidspotter.com-Live Internet Auction Broadcasting-Live Event Information-2010-09-03

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http://www.alexdavisassoc.com

Name

LESFAB MAJOR STRUCTURAL STEEL FABRICATOR

Where

2425 boul. Edouard-Michelin
Terrebonne QC Canada

When

Tuesday, June 22nd, 2010
Scheduled start time: 9:30 AM US Central Time

Selling Currency & Internet Fee/Buyer Premium

Currency: CAD IF/BP:13.0%

Contact

Phone: 514-907-1477
Email: howie@alexdavisassoc.com

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public auction

We have been mandated by the directors of this company, to sell the assets

Major Structural Steel Fabricator

Acier LESFAB STEEL INC. .

On the premises

2425, boul. Edouard-Michelin,

Terrebonne, QC, Canada J6Y 4P2

(30 minutes from Montreal International Airport)

Date:

Tuesday June 22, 2010 at 10:30 AM Sharp

Inspection: Monday June 21, 2010 from 8:30am

To be sold item by item, in detailed lots,

by public auction,

Partial list

PEDDINGHAUS OCEAN AVENGER CNC BEAM DRILL FABRICATOR ● HYD-MECH M-20A FULLY AUTO HORIZ. BAND SAW ● GROVE 35 TON CRANE 360 deg.

Hyd-Mech Mod M-20A Fully Auto Horiz Bandsaw ● (4) Cut to Size Feed Conveyors ● Beam Drill Fabricator Peddinghaus Mod Ocean AVENGER (in new condition) ● Grove 35 Ton Crane 360 deg.● Rush Tool Sharpener ● RK Mach 100 Ton Shop Press ● (2) Pines 20 Ton Rebar Benders ● (3) Canox P-300C Welder ●Hobart Cyberweld 452 Welder w/feed ● Miller Delta 650 Welder w/feed ● (4) Asst Canox Welders ● Welding CAT System ● Enerpac Hydraulic Jack System ● Custom Cutting Table ● (3) Electrode Ovens ● Lot of Welding Torches and Gauges Sets ● Lot of Welding Supply ● (12) Setup & Welding Tables ● (20) Mounting 20ft wide Horses ● (8) Jib Cranes w/Jet 2 Ton Hoists ●Asst Lifting Chains & Slings ● Sandblast Machine ● Lot of Special Clamps and C Clamps ● Lot of Fabrication Hardware ● Site Tool box ● Grinders ● Masks ● Lot of Electrodes ● Plate Hoisting Clamps ● Large Qty of Shop Stores ● Hardware ● 10HP Airtek Compressor ● Graco Pumping System ● Syraco 13,000 cfm Makeup Unit ● Ford LTL 9000 10 Wheel Tractor Truck ● Drop Deck Trailer● 25 Ton Registered Lifting system ● Lot of Wood Railroad Ties ● Plus Much More Items...

500,000 lbs of Raw Steel
Beams, Angles, Channels, Plates, Flat Bars, HSS & Round Tubes

13% Buyers Premium for Internet Buyers

T E R M S O F S A L E

NOTICE: All Bidders and other persons attending this sale agree that

they have read and have full knowledge of these terms and agree to be bound thereby.

1. IDENTIFICATION: All purchasers are required to give full registration information which shall include: company name, address, telephone and fax numbers, and email address.

2. TIME OF PAYMENT: All bills must be paid in full prior to removal.

Payment is due by Friday June 25, 2010.  Wire Transfers or Corporate Certified Cheques only accepted for payment.  For Wire transfer information, please contact our office.

3. REMOVAL: All purchases must be removed not later than 
Wednesday, June 30, 2010. No lot can, on any account, be removed during the sale. Removal shall be at the expense, risk and liability of the purchaser. Purchases will be delivered only on presentation of paid bill. Auctioneer shall not be responsible for goods not removed within the time allowed, but shall have the option to remove and store at the expense and risk of the purchaser any article purchased, but not paid for and removal of any of the goods.

4. MANNER OF PAYMENT: All checks for deposits and balances due shall be payable to the order of Alex Davis & Associates Inc. All bills must be paid to representatives of the auctioneer at the auction site unless otherwise announced. The full purchase price on all lots to the 
same buyer must be paid within the time fixed and before removal of any of the goods. A 13% Internet Buyer's Premium is applicable. Wire Transfers or Corporate Certified Cheques only accepted for payment.  For Wire transfer information, please contact our office.

5. CONDITIONS OF ARTICLES SOLD: The auctioneer shall not be responsible for the correct description, genuineness, authenticity of, or defect in any lot, and makes no warranty in connection therewith. No sale shall be set aside nor allowance made on account of any incorrectness, error in cataloging, or any imperfection not noted. 
NO DEDUCTION ALLOWED ON DAMAGED ARTICLES, ALL ARTICLES 
BEING EXPOSED FOR PUBLIC EXHIBITION, AND SOLD “AS IS” 
AND WITHOUT RECOURSE. ARTICLES ARE NOT WARRANTED 
AS MERCHANTABLE OR FIT FOR ANY PARTICULAR PURPOSE, 
AND NO CLAIM MAY BE MADE BY PURCHASER RELATING TO 
THE CONDITION OR USE OF ARTICLES PURCHASED, OR FOR 
PROXIMATE OR CONSEQUENTIAL DAMAGES ARISING 
THEREFROM.

6. SAFETY DEVICES: Articles purchased may not incorporate 
approved activating mechanisms, operating safety devices or safety guards, as required by government agency regulations or otherwise. It is purchaser’s responsibility 
that articles purchased be so equipped and safeguarded to meet government regulations and any other requirements before placing such articles into operation.

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

8. CLAIMS: No claims will be allowed after removal of goods from premises.

9. RESPONSIBILITY FOR NON-DELIVERY: Auctioneer shall not, in any event, be liable for non-delivery of 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 thereto.

10. 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 re-sale, will be charged to the defaulting purchaser.

11. RISK TO PERSON AND PROPERTY: Persons attending during
exhibition, sale or removal of goods assume all risks of damage of or loss to person and property and specifically release the auctioneer from liability herefore. 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.

12. ADDITION TO OR WITHDRAWAL FROM SALE: The auctioneer 
reserves the right to withdraw from sale any of the property listed or to sell at this sale property not listed, and also reserves the right to group one or more lots into one or more selling lots or to subdivide into two or more selling lots. Whenever the best interest of the seller will be served, the auctioneer reserves the right to sell all the property listed, in bulk.

13. SALE BY ESTIMATED WEIGHT, COUNT OR MEASURE: Where 
items are sold by estimated weight, count or measure, the purchaser will be billed for and required to pay for the estimated weight, count or measure. If, upon delivery, any shortage exists, the purchaser will receive a refund at the rate of purchase. If there be an excess, the purchaser will be required to take and pay for such excess, at the rate of purchase.

14. DISPUTE BETWEEN BIDDERS: If any dispute arises between two or more bidders, the auctioneer may decide the same or put the lot up for sale again at once, and resell to the highest bidder. The auctioneer’s decision shall be final and absolute.

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

16. AGENCY: The auctioneer is acting as agent only and is not responsible for the acts of its principals.

17. SALES TAX: Purchaser shall also pay all applicable sales or use taxes imposed by all taxing authorities on such transactions.

18. BANKRUPTCY: If at any time prior to payment in full, purchaser files a petition in bankruptcy or for other similar protection from creditors, or an involuntary petition in bankruptcy or other similar 
proceeding is filed against purchaser, then, at the option of the auctioneer, the sale may be voided.

19. 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.

20. 13% Buyers Premium Will Apply

For Rigging and Freight information, please contact the auctioneers office. We are U.S. Customs Bonded, and can arrange all U.S. Customs Clearing on your behalf. All items must be removed by Wednesday June 30, 2010. No Credit Cards will be accepted for payment. For Wire transfer information or other payment information please contact the auctioneers office. Canadian Bidders Subject to all applicable sales taxes.

If you agree to the terms and conditions above you may register for this event. Registering for this event means you agree to both the BidSpotter.com website terms and conditions and also Alex Davis & Associates terms and conditions for this auction.

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