Taper 50 Solid Holder with Carbide Insert Boring Bar

Terms and Conditions

1. IDENTIFICATION: All participants are required to register prior to becoming an Approved Bidder. All Participants are required to give full name; permanent street address; phone number(s); email address, valid credit card information and business name. 

Subsequent to registration on BidSpotter, approval to bid is at Auctioneer’s discretion. 

2. DEPOSITS: INTERNATIONAL BUYERS may be asked to submit a refundable deposit.

3. PAYMENT: Invoices must be paid in full after the auction unless otherwise specified. NO Merchandise will be released until invoice is paid in full. A BUYER`S PREMIUM OF 18% WILL BE APPLIED TO EACH INVOICE IN ADDITION TO THE SALES PRICE.

Where required by law, any applicable sales tax will be applied to all sales UNLESS BUYER HAS PROPER EXEMPTION. 

4. MANNER OF PAYMENT: Invoices will be emailed within 24 hours of the close of the auction. If you are a successful bidder, payment can be made at removal by Cash or Credit Card. Payments using MasterCard, Visa, American Express, or Discover are made for an additional 4% .  Payments may be called into our office at (330) 990-1236.

The full purchase price on all lots sold to the same buyer must be paid within the time specified and prior to the removal of any goods.

5. INSPECTION AND REMOVAL: The Buyer shall be liable for all expenses for the removal of abandoned items by the Buyer.  After November 30th, equipment will be considered abandoned unless arrangements have been made with Auctioneer.

Inspection November 18 from 10 to 6 pm.  Pick up will begin November 20 from 10 am to 4 pm, November 23-24 from 10 am to 4 pm and by appointment on November 25, 27 and 30.  There will no pick up on the weekend.

All items must be paid for by Prior to removal.  Payments are due within 3 days of close of Auction, November 19th.

6. Purchases may be removed only on presentation of paid bill. Removal shall be at the expense, risk and liability of the purchaser. Auctioneer shall not be responsible for goods not removed within the time allowed.

7. CONDITION OF ARTICLES SOLD: Neither the auctioneer nor the seller shall be responsible for the correct description, genuineness, authenticity of, or defect in any lot. Information that has been provided from sources deemed reliable and Auctioneer makes no warranty or guarantee as to the accuracy of the information herein contained. No sale shall be set aside nor allowance made on account of any incorrectness, error in cataloging, or any imperfection not noted. DESCRIPTIONS AND PHOTOS ARE NOT GUARANTEED. Please make yourself available for the open inspection period. It is the buyer's responsibility to inspect before bidding. To avoid confusion, participants are bidding on ITEMS LISTED IN THE LOT DESCRIPTIONS and NOT items shown in the photographs. No deductions are allowed on damaged articles.  All articles are 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.

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

9. INDEMNIFICATION:   Purchaser shall defend and indemnify and hold auctioneer and seller harmless from and against all claims and liabilities relating to the condition of, removal of, 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, and Environmental Protection Agency requirements, or for proximate or consequential damages, costs or legal expenses arising there from.

10. CLAIMS:  NO CLAIMS WILL BE ALLOWED AFTER REMOVAL OF GOODS FROM PREMISES OR LEFT ON PREMISES PAST ALLOWED TIME LIMIT.

11. RESPONSIBILITY FOR NON-DELIVERY:  Neither the auctioneer nor the seller, in any event, shall be liable for non-delivery or 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 hereto.

12. 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 resale including legal fees, will be charged to the defaulting purchaser.

13. RISK TO PERSON AND PROPERTY: Persons attending during preview or removal of goods assume all risks of damage of or loss to person and property and specifically release the auctioneer and seller from liability therefore. 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.

14. CONTRACT MOVERS:  The Buyer must issue a release to the third party with a copy to the Auctioneer.  All rigging companies must have proper insurance on file with the Auctioneer prior to removal or entry into the building.

Riggers must give the Auctioneer a copy of their insurance covering Workman’s Compensation and Liability in the amount of $1,000,000.00 or more.  All areas must be left clean.  No abandonment.

No power equipment will be allowed without a Certificate of Insurance covering Workman’s Compensation and Liability in the amount of $1,000,000.00 or more provided to the Auctioneer.

15. ADDITION TO OR WITHDRAWAL FROM SALE: The Auctioneer reserves the right to group and sub-divide lots.  The Auctioneer may withdraw any item from the Sale and may bid on behalf of the Owner.  The Auctioneer may withdraw any item from the Auction if the Auctioneer deems that a bid is not commensurate with the value of said item.

16. DISPUTE BETWEEN BIDDERS: Any disputes between Purchasers will be decided by the Auctioneer whose decision will be final.

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

18. INDEPENDENT CONTRACTOR: The Auctioneer is acting as an independent contractor only and is not responsible for the acts of its principals or sellers.