Bidspotter.com-Live Internet Auction Broadcasting-Live Event Information-2013-05-18

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http://www.kosterindustries.com

Name

Sneham Manufacturing Inc.

Where

91 Browning Street
Stratford CT USA

When

Monday, March 5th, 2012
Scheduled start time: 9:00 AM US Central Time

Selling Currency & Internet Fee/Buyer Premium

Currency: USD IF/BP:15.0%

Contact

Phone: 631-454-1766
Email: info@kosterindustries.com

See all Koster Industries, Inc. scheduled auction broadcasts!

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FEATURING: CNC VERTICAL MACHINING CENTERS: (2003) HAAS VF-6B/40, travels: X=64” Y=32” Z=30”, 28"x 64" table size, complete with 24 position automatic tool changer, CAT 40 taper spindle, 20-HP, 2-speed gear drive, 10,000 RPM, programmable coolant nozzle, HAAS CNC Controls; (2000) HAAS VF-1, travels: X=20” Y=16” Z=30”, 14"x 26" table size, CAT-40 taper spindle, 20 position automatic tool changer, programmable coolant nozzle, 20-HP spindle motor, HAAS CNC Controls • CNC ROTARY TABLE: HAAS HRT 160-CNC 4^th axis rotary table, CNC Knee Type VMC with 24-position tool changer, 12"x 32" table, CNC controls• CNC TURNING CENTERS: (2006) DOOSAN DAEWOO LYNX 220LC CNC Slant Bed Lathe, max. swing 20.10”, max turning dia. 12.60”, max. turning length 20.67”, 12-station turret, 8” 3-jaw chuck, tailstock, Fanuc i Series CNC Controls, VICTOR CNC TNS-0 CNC Gang-Style Lathe, max. dia. turning 1”, turning length 3”, complete with gang tooling, 5-HP, Fanuc OT CNC controls • VERTICAL MILLS: BRIDGEPORT SERIES J with 9”x 42” powerfeed table, R8 spindle • AIR COMPRESSOR: (2000) INGERSOLL RAND 10-HP • ALSO INCLUDING: Inspection Tooling • CAT-40 taper tool holders • Carbide Tooling • Boring Bars • Collets • 4-Spindle Drill Press • Plus More

RECOMMENDED RIGGERS:

Anty Rigging (Dominic): 973-927-3440
Hopatcong Rigging (Gary): 973-663-4103
Pedowitz Machinery Movers (Andy): 203-410-8948
Dalton Rigging & Transport, Inc (Kevin): 860-633-1113

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 name and address.

2.   DEPOSIT:  Each purchaser will be required to make a 
deposit in cash or by certified check of 25 percent of the 
bid on each lot purchased.  In default of such deposit, the 
lot may be put up again immediately and resold.

3.   TIME OF PAYMENT: All bills must be paid in full by 
March 21, 2011.

4.	REMOVAL: All purchases must be removed not later 
than March 24, 2012.  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.

5.   MANNER OF PAYMENT: All checks for deposits and balances 
due shall be payable to the order of KOSTER INDUSTRIES INC.  
All bills must be paid to representatives of the auctioneer 
at the plant 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.

6.	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.

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

8.   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 and local laws applicable to such 
articles, including OSHA requirements, or for proximate or 
consequential damages, costs or legal expenses arising 
therefrom.

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

10.  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.

11.  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.

12.  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.

13.  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.

14. 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.

15.  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.

16.  RESERVE: The auctioneer reserves the right to reject 
any and all bids.  On lots upon which there is a reserve, 
the auctioneer shall have the right to bid on behalf of the 
Seller.

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

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

19.  SALES TAX: Purchaser shall also pay all applicable 
sales or use taxes imposed by all taxing authorities on such 
transaction unless purchaser shall present a resale 
certificate, certificate of exemption or the like, exempting 
the purchaser and auctioneer from the payment of any such 
sales and use taxes.

20. 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.
    
21. 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.

15% Online Buyers Premium Will Apply // 25% Deposit Cash / 
Certified Funds Due Day of Sale

**All Sales are considered Final, and sold "AS-IS" "Where-
Is" with no warranty or refund**

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