2003 MCI J4500 56-Passenger Bus, Fleet# 407, 610,875 Miles Vin# 1M83JMPA73P062105, Detroit Engine,

PUBLIC AUCTION TERMS & CONDITIONS

Sells Tuesday, May 10, 2016 @ 11:00 am EST

Inspection Monday, May 9, 2016 12:00 noon - 4:00 pm

-King Coal Tours-

10788 State Route 61, Mt Carmel, Pennsylvania 17834

1. Thank you for participating in this On-Site & Web Simulcast Auction. Please note that lots #s 1-15 will be offered simultaneoulsy live On-Site & On-Line. Lot #'s 16-165 will be offered On-Site only.

2. In order to participate in the auction, all on site bidders must register in person and obtain a bidding paddle. Please read additional auction terms & conditions contained on the reverse side of the bidding paddle. All on line bidders must register @ www.bidspotter.com and qualify to participate prior to bidding.

3. All items are offered as-is-where-is with all faults. The auction company makes no guarantee or warranty express or implied as to the quality, condition, performance, description, hours, miles or nomenclature of any item being sold, so buyer beware. All sales are final-there is no recourse through the auction company subsequent to sale. It is for these reasons all bidders are encouraged to take the opportunity for inspection prior to bidding. An inspection period is offered Monday, May 9, 2016 from 12:00 noon until 4:00 pm and again the morning of the auction beginning at 9:00 am EST.

4. At the knockdown of the bid, all on site bidders must immediately tender a cash deposit.

5. No credit cards, personal checks, company checks or third party checks will be accepted. Cash, cashier’s checks and wire transfers will only be accepted and cashier’s checks must be made payable to “Caspert Management Co., Inc.” 

6. All open invoices must be paid in full no later than Thursday, May 12, 2016 by 4:00 pm EST. Please, no exceptions. Reminder: Balance of payment for all items must be paid in cash, cashier’s check or wire transfer before any item may be removed from the auction site.

7. To prevent error in delivery, nothing may be removed during the auction. Removal schedule will be as follows: Tuesday, May 10, 2016 One Half Hour following the conclusion of the auction until 4:00 pm EST and Wednesday and Thursday, May 11 & 12, 2016 from 9:00 am to 4:00 pm EST.

8. All items must be removed* by the successful bidder at their own cost and expense no later than Thursday, May 12, 2016 by 4:00 pm. After that time the auction company will no longer be responsible. The auction company reserves the right to resell any and all unclaimed items and the defaulting bidder will not only forfeit his deposit, but bear the responsibility of any shortfall in case of resale, and also all costs and expenses associated with the default as well as all auctioneer’s fees and commissions.

9. A ten percent (10%) buyer’s premium is in effect for all successful on site bidders at this auction. A thirteen percent (13%) buyer’s premium is in effect for all successful on line bidders at this auction.

10. This is not an absolute auction – the items are offered “subject to confirmation”.

11. The auctioneer is the final judge in case of a dispute. Any announcement made by the auctioneer at the time of the auction will take precedence over any previously printed materials, including the ability to reject any and all unreasonable bids, entertain a bulk bid, mini bulk bid, and or alter bidding increments at any time.

12. All bidders must be at least 21 years of age. The auctioneer reserves the right to deny admission to the auction to any person the auctioneer deems to be abusive, disorderly, intoxicated or non-compliant with the terms and conditions for the auction, or a potential threat to be such. Any instance of theft or vandalism will be prosecuted to the full extent of the law. Please be forewarned that video security cameras may be present at this auction site.

13. This catalog is meant merely as a guide. The auction company does not warrant the accuracy, genuineness, or authenticity of any of the items specified herein and, in addition, reserves the right to add, alter, or remove any item(s) to or from the auction at anytime.

14. ALL SUCCESSFUL ON LINE BIDDERS AGREE TO TENDER PAYMENT IN FULL, EITHER BY CASH, WIRE TRANSFER OR CASHIER’S CHECK, AND REMOVE PURCHASED ITEMS FROM THE AUCTION SITE, NO LATER THAN THURSDAY, MAY 12, 2016 BY 4:00 PM EST. PLEASE BE REMINDED THAT CREDIT CARDS, PERSONAL CHECKS OR COMPANY CHECKS WILL NOT BE AN ACCEPTABLE FORM OF PAYMENT FOR ANY ITEM PURCHASED AT THIS AUCTION.  

***Please Note***: The Auction Company does not pack, ship, store crate or rig items. Buyers may either pick up their items at the designated auction site personally or can arrange for a third party logistics firm to manage the removal process for them. If someone other than the registered buyer at the sale is designated to pick up those purchased assets, the buyer must contract with an independent logistics firm or other representative who will dismantle, crate, pack, or ship your purchased items; coordinate the removal of those purchased items to meet the time deadlines indicated of this auction and authorize the Auction Company to release items to a third party contractor for shipping, crating or packing purposes. Since the Auction Company does not ship the items, we do not obtain/prepare any export licenses/documents. Further, the Auction Company is not affiliated with any machinery rigging, transport or export company. We provide the names and contact information of available companies solely as a courtesy to our buyers. The Auction Company does not endorse or guarantee the services of any machinery rigging, transport or export company, and cannot be held responsible for any damage, omission or other problems incurred as a result of the actions of those companies.

WIRE TRANSFER INFORMATION

TD BANKNORTH, 457 SYLVAN AVENUE, ENGLEWOOD CLIFFS, NJ 07632

BANK PHONE # (201)-567-3795

CREDIT TO THE ACCOUNT OF CASPERT MANAGEMENT CO., INC.

ABA ROUTING # __________ TRUST ACCOUNT #__________

CALL AUCTION COMPANY @ (201)-871-1600 FOR

ABA ROUTING # & TRUST ACCOUNT #