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Roselle, New Jersey
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Short CRIMPER & SHEAR
CRIMPER & SHEAR

Complete Marine Repair & Fab Shop

Sale Date(s)
Venue Address
356 West First Avenue
Roselle
New Jersey
United States

General delivery information available from the auctioneer

Koster Industries Inc. does not pack, ship crate, transport or rig any items, we provide riggers/pack & ship companies information on our website as a courtesy, they are 3rd party contractors, Koster Industries is not responsible for rigging charges, damages, etc.

We must be supplied with an insurance certificate naming Koster Industries Inc. as additionally insured for all machinery movers or anyone operating equipment within the building - NO EXCEPTIONS.

Important Information

Terms and Conditions

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 September 14th.
4. REMOVAL: All purchases must be removed not later
than September 17th. 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.

18% 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**
See Full Terms And Conditions