Bidspotter.com-Live Internet Auction Broadcasting-Live Event Information-2010-07-31

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http://www.pmi-auction.com/

Name

Herrin Enterprises Inc.

Where

239 Commercial Drive
Buda TX USA

When

Tuesday, March 23rd, 2010
Scheduled start time: 10:00 AM US Central Time

Selling Currency & Internet Fee/Buyer Premium

Currency: USD IF/BP:15.0%

Contact

Phone: 713 691 4401
Email: pmi@bidspotter.com

See all Plant & Machinery Inc. scheduled auction broadcasts!

What would you like to do?
Preview Inventory & Place Bids (288 items)	Learn how to bid!
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Containing Excellent CNC Machining Centers & Turning Centers Featuring: Mori Seiki NH-4000 DCG Horizontal Machining Center, new 2005; Mori Seiki NV5000 Vertical Machining Center, new 2002; Mori Seiki SL-303B CNC Lathe, 60" centers, new 2000; Mori Seiki SL250A CNC Lathe, new 2000; (2) HAAS VF-6 Vertical Machining Centers, new as 2000; (2) HAAS VF-3 Vertical Machining Centers, new as 1996; HAAS VF-2 Vertical Machining Center, new 1996; HAAS HL-2 CNC Lathe, new 1998; Bridgeport EZTRAK DX CNC Vertical Mill; Bridgeport & Acer Vertical Mills; Victor 16 x 60 & 16 x 40 Gap Bed Lathes, 1990; Large Qty. of #40 Taper Tooling, Tombstones, Vices, Cutting Tools, Cabinets & Aluminum Sub Plates w/Machining Centers; Misc. Grinders, Hone, Cold Saws, Sanders, Vibratory Tumbler, etc.; (2) DoAll C916A Horizontal Bandsaws, 2000, 1997; DoAll 2013 Vertical Bandsaw, 1995; Yale 5000 Lb. Forklift; (2) Air Compressors; Q.C. area w/Mitutoyo Bright BRM507 C.M.M.; Large Qty. stainless & aluminum bars, flats, etc. on racks, as well as other metal incl. steel in yard; Office Furniture & Equip.; Outside Storage Building! Also Real Estate to be sold at beginning of auction onsite only subject to confirmation with no buyer's premium: 10,500 square foot brick & metal building, fully insulated, central heating 7 A/C throughout plant, on approx. 1 1/2 acres in beautiful condition.

TERMS AND CONDITIONS OF ON-LINE AUCTION SALE

A 15% Buyer’s Premium will apply to webcast bids.

A 100% refundable $3000 deposit is required for all webcast bidding.

ALL BIDS ARE MADE AND RECEIVED UNDER THE TERMS 
HEREINAFTER SET FORTH TO WHICH TERMS BIDDERS AGREE BY 
MAKING THEIR BID AT THE SALE.  THESE TERMS CANNOT BE 
ALTERED EXCEPT BY THE AUCTIONEER.  NO EMPLOYEE HAS 
AUTHORITY TO MODIFY SAME.  THE OWNER AND/OR AUCTIONEER 
RESERVE THE RIGHT TO ADD TO OR MODIFY THE TERMS OF THE 
SALES.

All payments must be made by Cash, Cashier’s Check, Wire Transfer or 
Company Check with Bank Letter of Guarantee to Plant & Machinery, Inc.  
Here is an example of what your letter should be: [Mr. “Customer Name” 
is a customer of this bank.  This bank will guarantee unqualified payment 
of Plant & Machinery, Inc. on the account listed herein up to the amount 
of $                .  This letter is good until (insert expiration date 30 days from 
sale date)].
    
All bidders are required to give full name, address, phone, fax, and bank 
information when registering.  All bidders must register before bidding.
  
All bids must be paid in full within two business days after the bids have 
closed.  Deposits may be required from bidders at the time of registration. 
The Auctioneer shall determine the bidding increments. Some items may 
be auctioned with reserve.   
   
All purchases must be removed by the time announced at the start of the 
sale. 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 aforesaid time.
  
Riggers, movers, electricians or buyer performing work at the Auction Site 
must provide Auctioneer with evidence of insurance.  The insurance 
coverage must be at a level acceptable to Auctioneer and to the Seller.
  
All checks for deposits and balances due shall be payable to the order of 
PLANT & MACHINERY, INC. unless instructed otherwise.  All bills must 
be paid to the Houston headquarters offices of the Auctioneer at 2901 W. 
Sam Houston Pkwy N, Suite 303, Houston, TX, 77043 or by wire transfer 
directly to the bank specified in the wire transfer instructions provided for 
this on-line auction.  The full purchase price on all lots sold to the same 
buyer must be paid within the time fixed and before removal of any of the 
goods.

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.
 
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.
 
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.
 
No claims will be allowed after removal of goods from premises.
 
Auctioneer shall not, in any event, be liable for non-delivery or any other 
matter or thing, to any Purchaser of any lot, other that for the return to the 
Purchaser of the deposit or sum paid on said lot, should the Purchaser be 
entitled thereto.
 
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.
 
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 therefor.  Neither the Auctioneer nor his 
principal shall be liable by reason of defect in or condition of the premises 
on which the sale is held.
 
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 a 
Seller will be served, the Auctioneer reserves the right to sell all the 
property listed, in bulk.
 
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 pay for such excess, at the rate of purchase.
 
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.
 
The Auctioneer reserves the right to reject any and all bids, alter the order 
of sale, and accept bids made on behalf of the Seller.
 
The record of sale kept by the Auctioneer and bookkeeper will be taken as 
final in the event of any dispute.
 
The Auctioneer is acting as agent only and is not responsible for the acts 
of its principals.  Purchaser acknowledges, as an inducement to Seller to 
commit Purchaser to bid, that Purchaser has independently inspected the 
goods bid upon by the Purchaser, and acknowledges to the Seller that 
Purchaser is acquiring all goods “AS IS, WITH ALL FAULTS” and “WITH 
REMOVAL AT PURCHASERS’ RISK AND EXPENSE” and agrees to 
protect, indemnify and hold harmless the Seller from any and all claims, 
demands, causes of actions, liabilities and judgments relating to the 
conditions or use of the goods.
 
The Auctioneer may add other terms and conditions of sale, such 
additional terms and conditions to be announced prior to the auction.
 
Seller, if not the same as the Auctioneer, shall have the rights, protections 
and benefits afforded to the Auctioneer as set forth herein.
 
ANY ADDITIONAL PROVISIONS OR AMENDMENTS TO THE ABOVE 
LISTED TERMS WILL BE ANNOUNCED BY THE AUCTIONEER PRIOR 
TO SALE.

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 Plant & Machinery Inc. terms and conditions for this auction.

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