Bidspotter.com-Live Internet Auction Broadcasting-Live Event Information-2009-11-20

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Name

Assets & Stocks of Specialist Steel

Where

Unit 403, Bretton Park Industrial Estate
Dewsbury, West Yorkshire United Kingdom

When

Sunday, August 2nd, 2009
Scheduled start time: 11:00 AM US Central Time

Selling Currency & Internet Fee/Buyer Premium

Currency: GBP IF/BP:15%%

Contact

Phone: +44 (0) 113 221 6000
Email: mark.weston@sandersonweatherall.com

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Online Auction

On the Instructions of G Wild & S Mackeller of Zolfo Cooper,

the Joint Administrators of Fastalloys Limited

Piecemeal (Subject to Conditions of Sale and unless sold previously)

THE ASSETS AND STOCKS OF A SPECIALIST STEEL STOCKHOLDER

(APPROX. Ł440,000 AT COST)

Photographs & timed online bids via Bidspotter.com

To Include: Brace No 1A Strip Cutting Machine c/w Atkin Coiler; EsabLAG 315 MIG Welder; Pakseal Strapping Machine; Ingersoll Rand R7.5/270 Air Compressor; Forklift Tipping Skip; 15 Bays of Boltless Steel Pallet Racking; Electric Hand Tools, etc.

Hyster A1.50XL Electric Forklift, 1320kg capacity; Iveco 35C13 Two Axle Dropside Truck, (02/52)

Modern Light Oak Office Furniture and Business Equipment

Stainless Steel Sheet:

304, 304L, 304H, 316, 316L, 316Ti, 321, Duplex, Super Duplex, 2545MO, 904L, 347, 310, 309, 409, 410

Stainless Steel Strip:

304, 304H, 304L, 316, 316L, 316Ti, 321, 2545MO, Duplex, Super Duplex, 904L, 347, 309, 310, 317, 317L, 1717PH

Bar Stock:

304, 304H, 316, 321, 316Ti, 310, 400, 600, 625, 800H, 825, C276, A122, 2700, A131, TIG2, B2, 3 & 4, Duplex, Super Duplex, 904L, 254, 316L

Nickel Alloy Sheet:

200, 400, 600, 625, 800H, 825, B2-10, C276, C22, Alloy 20/31/59, Titanium, Zirconium, 90/D, 70/30, Brass, Copper

Nickel Alloy Strip:

200, 201, 400, 600, 625, 800, 825, C276, C22, X750, Titanium 2/3/4, Tantalum, AMS 350

Mild Steel Sheet

Bidding Closes:	From 4pm (UK) Thursday 12 November 2009
View:	From 9am to 4pm Tuesday 10 November 2009
At:	Unit 403, Bretton Park Industrial Estate, Dewsbury, West Yorkshire, WF12 8BS, UK

For further details contact

Mark Weston

25 Wellington Street
Leeds
LS1 4WG

Phone: 0113 221 6000
Email: mark.westo n@sandersonweatherall.com

Terms & Conditions

All lots must be cleared without fail by 4pm Tuesday 24 November 2009, REMOVAL OF ALL LOTS WILL BE STRICTLY BY APPOINTMENT, please see invoice for contact details.

GENERAL CONDITIONS OF SALE

1.	Interpretation

1.1	In these General Conditions the following words and 
expressions shall have the meanings set opposite:

“Auction”	any auction conducted pursuant to these 
General Conditions.
“Auctioneer”	the person conducting the Auction or to whom 
the conduct of the Auction is delegated under clause 4.10 
below.
“Bidder”	any person who offers to purchase any Lot 
whether by bidding at Auction or offering to purchase by 
private treaty or tender.
“Bid”	offer to purchase any Lot whether by bidding at 
Auction or offering to
purchase by private treaty or tender, and “Bids” and 
“Bidding” shall be construed accordingly.
“Buyer”	any person who agrees to purchase any Lot whether at 
Auction or by private treaty or tender.
“Catalogue”	the catalogue incorporating these General 
Conditions.
“The Company”	Sanderson Weatherall LLP (company number OC 
344 770 )
whose registered office is at 25 Wellington Street Leeds LS1 
4WG.
“Location”	the premises at which the Lots are located, 
details of which are set out in the Special Conditions.
“Lot” 	any Lot described in the Catalogue or the Company’s 
invoice.
“Seller”	the person upon whose instructions the 
Company is conducting the sale, details of whom are set out 
in the Special Conditions.
“Special Conditions”	the Special Conditions set out or 
referred to in the Catalogue, announced at Auction or 
otherwise specified by the Company.

2.	Application of these General Conditions

2.1	These General Conditions apply to every sale of 
plant and machinery, chattels and trade stocks conducted by 
the Company whether by Auction, private treaty or tender 
including all Lots described in the Catalogue or the 
Company’s invoice.

2.2	Bidding for any Lot shall be deemed to be an 
acceptance by the Bidder of these General Conditions and the 
Special Conditions.

2.2	To the extent that these General Conditions are 
inconsistent with any Special Conditions, the Special 
Conditions shall prevail.

2.4	These General Conditions, shall be governed 
construed and enforced in accordance with the laws of 
England and Wales unless the Location is in:-

(1)	Scotland in which case the laws of Scotland shall 
apply; or
(2)	Northern Ireland in which case the laws of Northern 
Ireland shall apply.

3.	Identity of the Parties

3.1	The Company offers each Lot as agent of the Seller 
and not as principal unless otherwise indicated in the 
Catalogue.
3.2	The identity of the Seller is set out in the Special 
Conditions.
3.3	Unless the Company has previously acknowledged in 
writing that the Bidder Bids as agent on behalf of a named 
principal, every Bidder shall be taken to Bid on his own 
behalf as principal.
3.4	Any Bidder acting as agent on behalf of a named 
principal shall remain liable to the Seller and the Company 
for all obligations and liabilities of his principal. The 
Bidder warrants that he has the authority of his principal 
to make each Bid made.
3.5	Every Bidder is required to give his name and 
address and provide satisfactory proof of identity to the 
Company before making any Bid.

4.	Conduct of Auctions

4.1	Any Lot may be subject to a reserve price.
4.2	The Seller or his representative or the Company on 
his behalf may Bid for any Lot.
4.3	The Auctioneer may at any time before the fall of 
the hammer withdraw or divide any Lot or combine any Lots.
4.4	The Company may sell any Lot by private sale before 
or after the Auction.
4.5	The Auctioneer may reject any Bid at his sole 
discretion and without being required to give a reason.
4.6	No Bid shall be retracted without the consent of the 
Auctioneer.
4.7	The Buyer shall be the person who made the highest 
Bid before the fall of the hammer or such other Bidder as 
the Auctioneer may declare to be the Buyer without being 
required to give a reason.
4.8	The Auctioneer may decide whether there is a dispute 
between Bidders, may summarily determine the dispute or 
immediately again offer the Lot for sale, in each case 
without being required to give a reason.
4.9	The Auctioneer shall in every other respect decide 
how the Auction is to be conducted and without being 
required to give a reason.
4.10	The Auctioneer may in his sole discretion delegate 
to a person whom he believes to be competent the conduct of 
the Auction in accordance with these General Conditions.
4.11	The Buyer may not remove any Lot he has bought until 
after the end of the Auction.

5.	Sale and Payment

5.1	The Buyer shall pay the following sums to the 
Company in full and without set off:-
(1)	immediately upon the sale of any Lot a deposit of 
10% of the price, if requested by the Company;
(2)	the balance of the price of the Lot purchased 
together with a Buyer’s Premium of 15% of the price and any 
VAT due by no later than the time and date specified in the 
Special Conditions;
(3)	any other payment or amount due to the Seller and/or 
the Company pursuant to these General Conditions or the 
Special Conditions on demand.
5.2	In every case time for payment shall be of the 
essence.
5.3	In view of Money Laundering Regulations the Company 
reserves the right to refuse payment in cash.  Payments in 
cash of more than Ł7,000 will not, in any circumstances, be 
accepted.
5.4	If the Buyer fails to make any payment on the due 
date for payment then, without limiting any other right or 
remedy available to the Seller, the Buyer shall pay to the 
Company interest (both before and after any judgment) on the 
amount unpaid at the rate of 1.5% per month or any part 
thereof until payment in full is made. 
5.5	Until the Buyer has fully complied with its 
obligations in this clause 5:- 
(1) 	title to any Lot bought shall not pass to the Buyer; 
(2) 	the Seller shall have a lien over any Lot bought by 
the Buyer in the Auction; 
(3)	if the Buyer effects or purports to effect a resale 
or any other disposition of all or part of the Lot, the 
Buyer shall hold the proceeds of resale or other disposition 
on trust for the Seller.
5.6	All prices are exclusive of any applicable value 
added tax for which the Buyer shall be additionally liable 
to pay to the Company.  On written request by the Buyer the 
Company will provide a VAT invoice.

6.	Removal of Lots

6.1	Risk of damage to or loss of the Lot shall pass to 
the Buyer immediately upon the sale being agreed, which, in 
the case of an Auction, is upon the fall of the hammer.
6.2	The Buyer may not remove any Lot until the Buyer 
has:-
(1)	paid by cleared funds all amounts payable pursuant 
to clause 5 above in full; and

(2)	if requested by the Company produced evidence 
satisfactory to the Company that the Buyer has adequate 
public liability insurance in respect of the indemnity set 
out in General Condition 6.6 and/or deposited with the 
Company, by way of security for the costs of making good any 
damage likely to occur, such sum as the Company may 
stipulate.

6.3 (1)	The Buyer must remove each Lot purchased by the time 
and/or date specified in the Special Conditions for which 
time shall be of the essence. Lots may only be removed 
during normal working hours or such hours as are specified 
in the Special Conditions.

(2)	Buyers should co-operate regarding order of removal 
in order to comply with the clearance date.  If it 
transpires that a purchaser makes no effort to commence 
dismantling and the particular item of plant is preventing 
other buyers from removing equipment, then the Auctioneer 
reserves the right to insist that removal take place 
immediately notwithstanding the final clearance date. 
	If in the event the purchaser does not comply, then 
the Auctioneer reserves the right to arrange for the removal 
of the lot or lots and charge any attendant costs to the 
purchaser.

(3)	If any lot or item is unsold and has to be 
dismantled & lowered to allow the removal of any other lot, 
then such dismantling & lowering shall be the responsibility 
of the purchaser of the relevant Lot(s) or Item(s).

6.4	It is expressly brought to the Buyer’s attention 
that certain Lots could contain blue or white asbestos, 
dangerous chemicals etc which if not handled correctly 
during their removal could result in breach of Health & 
Safety at Work legislation and/or Control of Substances 
Hazardous to Health Regulations or other statutory 
requirements.

6.5	When removing any Lot the Buyer:- 
(1) 	shall be responsible for detaching any Lot fixed to 
land or buildings and must do so safely and lawfully and 
must not use flame cutters, explosives or any other 
dangerous equipment or process without previous written 
permission signed by or on behalf of the Company;

(2)	Compliance with Laws, Regulations and Planning 
Purchasers or their Removal Contractors are responsible for 
applying for relevant planning permissions (if appropriate) 
with reference to the removal of building structures and 
plant housings.
 	Purchasers or their Contractors shall at all times 
comply with all orders, regulations, requirements and rules 
of any authority whether Parliamentary, statutory, parochial 
or local and in particular shall comply with all 
requirements applicable to the employment by them of labour 
or otherwise affecting the work.  The Purchasers or their 
Contractors shall in addition and without prejudice to the 
generality of the foregoing conform to the regulations and 
bye-laws of local authorities and shall pay all fees and 
charges arising under the said regulations and bye-laws in 
respect of the Work.
	It is the purchaser’s or their removal contractors 
responsibility (i.e. Police, Ministry of Transport, Local 
Authority) to transport off site long/wide loads, within 
sufficient time prior to the commencement of clearance 
period as stated in the Special Notes & Conditions.
 (3)	 must use safe and lawful means of removing the Lot, 
must comply with all current statutory requirements and 
regulations including those relating to the disposal of 
waste and, if required, satisfy the Company in relation to 
their removal procedures; in particular, the removal of 
waste materials must be undertaken by an approved and 
licensed contractor; 
(4) 	is responsible for ensuring that any motor vehicle 
may be safely and lawfully driven onto a public highway;
6.6	 The Buyer shall indemnify the Company and the 
Seller against any loss damages, expenses, claims or 
liabilities arising directly or indirectly from the 
detaching of any Lot fixed to land or buildings and/or its 
removal including (without prejudice to the generality of 
the foregoing) any damage caused to other Lots, the Location 
or to any third party.

7.	Default by the Buyer
7.1	If at any time the Buyer has failed to pay the sums 
specified in clause 5 above in full by the due date for 
payment, or to remove any Lot purchased by the time or date 
specified in the Special Conditions the Seller may rescind 
the sale of that Lot, in which case any deposit shall be 
forfeit, and that Lot may be resold.
7.2	If the Seller has rescinded the sale but the Buyer 
has removed the Lot purchased, the Seller shall be entitled 
without previous notice to enter upon any premises where he 
believes the Lot to be and remove it.
7.3	If the Seller has rescinded the sale and the Lot has 
been resold, the Buyer shall make good any deficiency, 
namely:- 
(1) 	the sale price less the resale price; 
(2) 	the costs of and incidental to resale.
7.4	If the Buyer fails to remove any Lot by the time 
specified:-
(1)	the Seller may remove the Lot from the Location and 
leave them outside at the Buyer’s risk in all respects;
(2)	the Seller may charge the Buyer for the reasonable 
costs of storage;
(3)	the Buyer shall indemnify the Seller against any 
loss, damages, expenses, claims or liabilities incurred by 
the Seller arising from the Buyer’s failure to remove the 
Lot from the Location.

8.	Acknowledgements and Exclusion of Warranties
8.1	The Buyer acknowledges that in agreeing to purchase 
any Lot he is not relying on any warranties or 
representations made by the Seller or the Company or any of 
their employees agents or representatives.  All 
representations, warranties and conditions, express or 
implied, statutory or otherwise in respect of all and any of 
the Lots are expressly excluded (without limitation any 
warranties and conditions as to title quiet possession, 
satisfactory quality fitness for purpose and description).
8.2	The Buyer further acknowledges that neither the 
Sellers nor the Company shall in any circumstances be liable 
to or to compensate the Buyer nor shall the Buyer be 
entitled to rescind the sale or reject any Lot for an error 
omission or misstatement contained in the Catalogue.
8.3	The Buyer also acknowledge that:-
(1)	all the Lots are purchased on the basis that risk of 
good title to all or any of them passing to the Buyer is at 
the Buyer’s so risk and without limitation the Lots are sold 
subject to any claims, liens, distraint and execution and 
subject to all leasing, hire or hire purchase agreements and 
reservation of title claims (if any) in respect of them; 
(2)	if it shall be found that the Seller does not have 
title to all or any of the Lots the Buyer shall have no 
right to rescind, avoid or vary this agreement or to claim 
damages or a reduction in the price paid or payable; and
(3)	anything found in under near or in any Lot which is 
not specifically included in the description of the Lot 
remains the property of the Seller.
8.4	The Buyer undertakes that it shall ensure that any 
vehicle comprised in any Lot is in a roadworthy condition in 
accordance with the Road Vehicle (Construction and Use) 
Regulations 1986 before using it on a public road and the 
Buyer acknowledges that any item of plant, machinery or 
equipment contained in the Lot(s) may not necessarily comply 
with any statutory requirements or regulations governing the 
use of that plant, machinery or equipment in their working 
environment. Neither the Seller nor the Company shall incur 
any liability to the Buyer because of any default or defect 
in all or any of the Lots.  Buyers are entirely responsible 
for ensuring that the use of any item of plant, machinery or 
equipment does not contravene any statutory requirements or 
regulations.
8.5	The Buyer acknowledges and agrees that the Company 
is acting only as agent of the Seller and it is expressly 
agreed and declared that no personal liability in connection 
with the sale of any Lot or otherwise shall fall on the 
Company and the Buyer shall indemnify the Company against 
all and any liabilities arising under or in connection with 
the sale of any Lot.
8.6	The Buyer agrees that the General Conditions and the 
exclusions which they contain are fair and reasonable 
bearing in mind that:-
(1)	the Buyer must rely absolutely on the Buyer’s own 
opinion and/or professional advice concerning the quality 
state, condition, performance and functionality of the Lots 
any right, title or interest which is sold under the terms 
of these General Conditions, their fitness and suitability 
for any particular or any purpose, the possibility that some 
or all of them may have defects not apparent on inspection 
and examination including, without limitation, the presence 
of contamination and the possibility that the Buyer may not 
acquire title and the fact that the Buyer would have no 
remedy under this Agreement should that happen;
(2)	the Buyer has available to it skilled professional 
advice and on that basis agrees to purchase a Lot for a 
consideration calculated to take into account amongst other 
things the risk to it represented by the fact that the 
parties believe that all the exclusions and limitations set 
out in these General Conditions would be recognised as being 
fully effective by the Courts and the Seller making it clear 
that it would not have agreed to sell any Lot on any other 
basis except for a higher consideration;
(3)	the Buyer has been given every opportunity which 
might reasonably be expected to examine and inspect the 
Lots.

SPECIAL CONDITIONS OF SALE

Seller:
	G Wild & S Mackeller of Zolfo Cooper, the Joint Administrators of Fastalloys Ltd
Location:
	Unit 403, Bretton Park Industrial Estate, Dewsbury, West Yorkshire, 
WF12 8BS (UK)

Directions:
	From M1 Junction 40 take the A638 to Dewsbury.  At Dewsbury follw A638, signposted Ring Road and at 2nd traffic lights turn left on the B6409, signposted Saville Town/Thornhill. At 2nd set of traffic lights turn left onto Mill Street East. Follow Road and turn left at sharp right hand bend (Bretton Park sign at Junction). Take 3rd right onto car park and site is straight ahead.  From M62 Junction 28 take A653 to Dewsbury and then following directions above.

Sale:
	Timed Online Sale - This auction has auto bid extension enabled. If a bid is placed within 10 minutes of scheduled auction end the auction end time will automatically extend by an additional 10 minutes. This continues with the new scheduled end time until no one places a bid before auction bidding deadline. Every time a bid is placed with 10 minutes or less left in the auction an additional 10 minutes bidding time is added until there are no more bids.

Viewing:
	9am to 4pm Tuesday 10 November 2009 or by appointment with the agents.

Access to the Location is allowed on the understanding that viewers attend the Location entirely at their own risk and are responsible for and will indemnify the Seller and the Company against any losses damage or claims occasioned by their presence at the Location.

Children under the age of 16 will not be allowed access to the Location.

Registrations:
	All bidders must register their details on www.bidspotter.com.

We do not take credit or debit cards for payment of invoices.

It is preferable to register at least 24 hours before the sale is due to finish.

PLEASE MAKE A NOTE OF YOUR USERNAME & PASSWORD WHEN REGISTERING, YOU WILL NEED THIS INFORMATION TO MAKE A BID FOLLOWING APPROVAL.

Please note that bidder approval is not automatic and is reliant on us dealing with your application during office hours. We will review your bidder request as soon as possible. Any questions please ring Stephen Jepson +44 (0) 7801 904456.

Once approved, bidders will be added to our mailing list allowing them to receive notifications of future sales by email.  If a bidder wishes to stop receiving such notifications bidders can unsubscribe by clicking on the link provided at the bottom of each sale email.

Overseas Buyers:	When registering overseas buyers must also provide:-
•	Passport details;
•	other confirmation of their identity and address, e.g. drivers licence;
•	full bank details.
Online Bidding	The Internet is not foolproof and a number of factors such as speed of connection (broadband or modem), numbers of users accessing at the same time, telephone line and human error may affect how the sale is viewed.

Please be aware that due to number of people actively bidding immediately prior to the close of sale; occasional delays may be encountered for the Bidspotter system to process bids. Please be aware that to avoid this situation; bidders can place ceiling bids on lots well in advance of the closure of the sale thus preventing any delay. The lots are available for bidding on for a long period before the date and time of a sale.

Bidders can use more than one computer to place bids if they feel that this would be of help to them, i.e. they have numerous lots they wish to bid on. Please use the same user name & password on each computer for this multiple bidding facility.

Sanderson Weatherall LLP will not be held liable in the event of any dispute due to errors, omissions, disruptions to internet service or power failures which may occur when bidding online.

Lot descriptions will be amended as appropriate as and when information becomes available. It is highly recommended that prospective purchasers read lot descriptions before every bid so that they are fully aware of any amendments/conditions of sale relating to that particular lot.

We refer you to our General Terms & Conditions which apply to all sales and stress that you read and understand Bidspotter’s terms and conditions of registration

Buyers Premium:	Online bidders will pay a premium of 15% (see www.bidspotter.com for more information). The premium is not negotiable and is payable by all Buyers.  The Auctioneer, when acting as Agent for the Seller, may also receive commission from the Seller.

Payment:	All monies must be paid in accordance with the terms and conditions.
Lots may only be collected upon receipt of cleared funds: Payments will not be taken on site unless by special arrangement.

Telegraphic Transfer - Bank details for telegraphic transfer:
Account: Sanderson Weatherall LLP P & M Clients Account
Bank: Barclays Bank Plc, Albion Street, Leeds
Sort Code: 20-48-46
Account Number: 10931950
SWIFTCODE - BARCGB22
IBANGB84BARC20484610931950

Cash - In view of Money Laundering Regulations the Company reserves the right to refuse payment in cash.  Payments in cash of more than Ł7,000 will not, in any circumstances, be accepted.

Bankers Draft/ Cheques: (made payable to Sanderson Weatherall LLP P & M Clients Account) will only be accepted on the basis that any Lots are not removed until cleared funds are in Sanderson Weatherall client account.

We do not accept credit or debit cards for payment of invoices.

Deposits:	The Company reserves the right to request a deposit to be paid.

Clearance:	All lots must be cleared without fail by 4pm Tuesday 24 November 2009, REMOVAL OF ALL LOTS WILL BE STRICTLY BY APPOINTMENT, please see invoice for contact details.

Clearance of all lots must be undertaken in accordance with current Health & Safety Legislation, Construction (Design and Management) Regulations 2007.  The Buyer may have to provide a “method statement” and/or “risk assessment” approved by the Company prior to the removal of any lots.  The Company reserve the right to halt clearance if it is being carried out in an unsafe manner or without an approved “method statement” and/or “risk assessment”.

Electrical disconnections from the mains supply are the responsibility of the Buyer and MUST be carried out by an approved electrician.

Any fluids and/or waste remaining in plant and machinery are the responsibility of the Buyer and MUST be removed from the Location strictly in accordance with Control of Substances Hazardous to Health Regulations.

Reserve Removal:
	Lots sold subject to a reserve removal will either be indicated in the catalogue with the date of availability or will be identified by the Auctioneer at the point of sale.  A 25% deposit will be required as with other lots but in this instance payment in full can be left until 5 working days prior to availability.  Unless specified to the contrary such lots must be removed from site not later than the date and time specified for final removal in these Special Conditions of Sale.

Risk:
	The Bidder is on risk once the offers are accepted and is strongly advised to effect insurance at once.

Transfer of Lots:	The Company will only accept payment from and permit removal of Lots purchased by the Buyer or its agents.

Value Added Tax:	Purchasers will be charged Value Added Tax at the current rates on the amount of their purchases and the buyers premium.

Furniture and
Furnishings:	All Lots are sold on the understanding that the Seller does not represent them as being in a condition which makes them suitable for domestic use.  The Buyer is reminded that if any Lots are intended for domestic use the Buyer must ensure that they comply with the requirements of the Furniture & Furnishings (Fire Safety) Regulations.

Conditions of Sale:	The attention of Buyers is drawn to the General Conditions of Sale included online/in the Catalogue

At the end of the online auction final bid figures will be submitted to our clients for approval. Any lot may be subject to a reserve price. No offer may be withdrawn and the vendor/agent does not bind himself to accept the highest or any offer/bid.

All lots shall be paid for in full within 24 hours of the invoice date and shall be at the purchasers risk from the date of invoice.  Clearance to be arranged on an appointment basis through the contact details on the invoice.

The whole of the lots must be cleared and taken away, without fail, at the purchasers’ expense in such order as the Agents or their representatives shall direct not later than the time stated in the Notice to Purchasers after which time any lot or lots remaining on the premises will be liable for rent, taxes, men’s wages, and expenses and will also be liable to be removed from the premises and left outside at the purchaser’s risk in all respects.

If any purchaser shall make default in payment of his purchase money or neglect to comply with these conditions or any of them, all money paid by him or his agents at the time of sale shall be forfeited to the Vendors who shall be at liberty to re-sell the lot or lots at such time or times as they may think proper and without notice to the party or parties making default either by public sale or private contract and the deficiency (if any) occasioned by such re-sale together with all expenses attending the same shall immediately be paid by the purchaser or purchasers making default or neglecting to comply with these conditions and in case of non-payment hereof the same shall be recoverable as and for liquidated damages.

In the event that the auctioneer unknowingly sells an item or items that were not eligible for sale (i.e. there is a third party interest that comes to light) then the auctioneer shall be entitled to rescind that sale.

Software:
	Title to computer Software is not transferred and use is subject to any licence or copyright restrictions and user conditions. The Vendors/Agents/Auctioneers reserve the right to erase any private or sensitive information prior to delivery or at any later date.

Data Protection Act: 
	The Purchaser undertakes to comply with the provisos of the Data Protection act 1998 in processing data held by them in connection with these assets.
Pipework:
	Disconnect as marked or as directed.
Electric Cable:
	Electric cable and pallets are not included with the sale of any lots unless otherwise indicated. All electric motors and machinery must be disconnected from the machine side of the isolator switch which must be left with the buildings.

Racks & Benches:
	All racks and benches are subject to reserve removal until the contents have been cleared.

Fire Alarm:
	In case of a fire alarm all visitors and contractors are to exit buildings and report to the Muster Point.

Smoking:
	No smoking on site.  Food and Drink is only to be consumed in designated areas.

Safety:
	All visitors and contractors are reminded that they are responsible for their own safety on site and enter at their own risk and should take the precaution of wearing protective clothing as appropriate.

HSE:
	HEALTH & SAFETY LEGISLATION, 
CONSTRUCTION (DESIGN AND MANAGEMENT) REGULATIONS 2007.

Purchasers should be aware of the above and comply as appropriate.  It is also important that all purchasers/contractors comply with site rules, site procedures and Health & Safety Regulations.

Unless specifically excluded purchasers of lots will be required to make good holes or voids exposed by the removal of lots.  Cladding taken off buildings for removal of plant & equipment will have to be replaced, unless otherwise specified by the Auctioneer.

NOTICE TO PURCHASERS

Purchase of Goods using a Finance Company:	If Buyers wish to purchase goods with the help of a finance company they should make arrangements well in advance of the Sale to ensure that they are able to make payment in accordance with the conditions of sale.

Overseas Buyers:	
Overseas Buyers should ensure that the country to which the items are destined:-
•	holds no import restrictions on the goods to be  purchased;
•	has no import licence restrictions or a restriction on currency allocation;
•	has no prolonged inspection procedure which might cause excess delay in allowing your goods to be imported.
•	
Overseas Buyers will receive a fully descriptive invoice in order that they may arrange payment as soon as possible with the Sellers bank, Barclays Bank plc, Albion Street, Leeds LS1.

Overseas Buyers should employ a suitable freight forwarding organisation.  Please note that many of the machinery removal companies in this country are not necessarily freight forwarders.  The Seller will be pleased to advise accordingly.
Overseas Buyers should read the conditions of Sale.

Please Note:-
	(a)	The Seller cannot allow removal of any Lot until their Accounts Department has received notification from their banker that the Buyer’s payment has been properly cleared in full.  Monies must be transferred to the Seller within the time state in the “Conditions of Sale” on the following page.

(b)	If there are any special arrangements that the Buyer wishes to make with the Seller, the Buyer must contact the Seller at least three days before the Sale Closing date.

VAT Payments and Returns:	All overseas Buyers (EU and non EU) will be charged VAT at the current rate on each Lot purchased.  This will be refunded to the overseas Buyer as soon as the Seller receives a copy of the bill of lading as proof of export, providing this documentation is received within 3 months of the sale date.  The Seller is unable to refund the VAT on the Buyer’s Premium to non EU countries.

The Internet is not foolproof and a number of factors such 
as speed of connection (broadband or modem), numbers of 
users accessing at the same time, telephone line and human 
error may affect how the sale is viewed.

Please be aware that due to number of people actively 
bidding immediately prior to the close of sale; occasional 
delays may be encountered for the Bidspotter system to 
process bids. Please be aware that to avoid this situation; 
bidders can place ceiling bids on lots well in advance of 
the closure of the sale thus preventing any delay. The lots 
are available for bidding on for a long period before the 
date and time of a sale.

Bidders can use more than one computer to place bids if they feel that this would be of help to them, i.e. they have numerous lots they wish to bid on. Please use the same user name & password on each computer for this multiple bidding facility.

We especially draw to your attention the following 
prospective purchasers should register no later than two 
hours prior to the start of the auction.

AT THE END OF THE ONLINE AUCTION FINAL BID FIGURES WILL BE 
SUBMITTED TO OUR CLIENTS FOR APPROVAL   ...   ANY LOT MAY 
BE SUBJECT TO A RESERVE PRICE   ...   NO OFFER MAY BE 
WITHDRAWN AND THE VENDOR/AGENT DOES NOT BIND HIMSELF TO 
ACCEPT THE HIGHEST OR ANY OFFER

Misrepresentation
Whilst every effort has been made to provide reliable 
information, Sanderson Weatherall do not warrant the 
information contained herein and prospective purchasers 
must satisfy themselves by inspection as to its 
correctness.

PLEASE NOTE AMENDMENTS TO CATALOGUE

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 Sanderson Weatherall terms and conditions for this auction.

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