Bidspotter.com-Live Internet Auction Broadcasting-Live Event Information-2010-09-07

BidSpotter.com BidSpotter Live Internet Auctions and Auctioneers bidding is easy! Auction software leaders

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

Name

HSP, Inc.

Where

2650 South Custer Avenue
Wichita KS USA

When

Tuesday, August 10th, 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 (376 items)	Learn how to bid!
First time BidSpotter.com registration!	Register for this auction!(current BidSpotter.com registrants)

High Precision CNC Machining & Screw Machine Facility featuring: CNC Vertical Machining Centers; CNC Lathes; Automatic Screw Machines; CNC Vertical Milling Machine; Lathes; Grinders; Vertical Turret Milling Machine; Horizontal Milling Machine; Bandsaws; Drilling Machines; Welding Equipment; Finishing Equipment; Misc. Machinery; Q.C. Equipment; Machine Shop Accessories; Air Compressors & Dryers; Material Handling Equip.; Pickup Truck; Misc. Surplus/Metal Scrap; Real Estate for Sale or Lease - Not in Auction; PLUS The following items are For Private Sale In Houston, Texas - (will not be auctioned) (2) Multi-Spindle Automatic Screw Machines; CNC Turret Press; Engine Lathe; Horizontal Spindle Surface Grinder; Rotary Table Type Shot Blast Machine; Heavy Duty Abrasive Saw; Horizontal Bandsaw; Large Capacity Vertical Milling Machine; CNC Horizontal Boring Mill; Large Capacity Air Compressor; (2)Dryer/Chiller Units

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 A-130, 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.

Although all information has been obtained from sources 
deemed reliable, the auctioneer and seller make no warranty 
or guarantee, expressed or implied, as to the accuracy of 
the inforamation herein contained, contained in our catalog. 
It is for this reason that buyers should avail themselves of 
the opportunity to make inspection prior to the auction. 
Although it is not likely, auction sales are subject to 
cancellation or postponement. Kindly contact auctioneer 
prior to attendance. 
 
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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