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

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

Go to Salvadore Auctions & Appraisals, Inc. web site!

http://www.siaai.com/

Name

Major International Water Well Drilling Equip

Where

30 North Main Street
West Boylston MA USA

When

Wednesday, October 14th, 2009
Scheduled start time: 10:00 AM US Central Time

Selling Currency & Internet Fee/Buyer Premium

Currency: USD IF/BP:15.5%

Contact

Phone: 401-941-7451
Email: auctions@siaai.com

See all Salvadore Auctions & Appraisals, Inc. scheduled auction broadcasts!

What would you like to do?
Preview Inventory & Place Bids (471 items)	Learn how to bid!
First time BidSpotter.com registration!	Register for this auction!(current BidSpotter.com registrants)

Retirement auction of New Englands largest municipal well driller. Foremost Dual Rotary Rigs, Air Rotary Rigs, All Wheel Drive Rigs, Trucks, Crane Trucks, Cable Tool Rigs, Pick Up Trucks, 150 New/Rebuilt Drill Bits, Cable, Pumps, Hoists, Welders, Generators, Casing, Well Screens, Drill Rod, Reverse Circulation Tooling, and much more.

Notice: All persons, bidders, interested parties, registered bidders or persons intending to register, bid or purchase any items(s) or lot(s) at this secured auction sale agree that they have read and have full knowledge and understand of these terms and agree to be bound by these terms. All persons attend this sale at their own risk.
1) IDENTIFICATION OF BIDDER: All purchasers are required to give full name and address.
2) DEPOSIT: Each purchaser or bidder will be required to make a deposit in cash, cashiers check or certified check of $100.00. A $10,000 Deposit is required to bid on Truck
Mounted Rotary Drill Rigs. Failure or default of deposit may result in the lot being put up for resale immediately and resold.
3) TIME OF PAYMENT AND SETTLEMENT: All bills and/or invoices due must be paid in full in US Currency at the end of the auction sale. Title shall pass after full
payment has been effected. Cash, Certified Check, Business Check with bank letter guaranteeing unqualified payment to the auctioneer. FOR US BIDDERS ONNY PAYING BY CHECK: Bank letter must be on bank stationary and signed by bank officer, original copy only will be accepted. Original may be faxed to office prior to auction for pre-registration but original must be presented at registration. Expample of Bank Letter:
To Salvadore Auctions & Appraisals, Inc:
XYZ Company is a customer in good standing of ABC Bank. ABC Bank will guarrantee unqualified payment of up to $XXXXXX.XX dollars for business check presented
for purchases made by XYZ Company at auction of RE Chapman Co on or about October 14, 2009. ABC Bank guarrantees funds for 30 days from October 14, 2009.
Letter must be signed by bank officer.
Visa-Mastercard and Discover Credit Cards will be accepted for purchases up to $5,000.00with proper credit card authorization form. ALL SALES FINAL REGARDLESS
OF MANNER OR METHOD OF PAYMENT. Titles will be delivered upon fullpayment unless otherwise announced.
4) BUYER'S PREMIUM. Drill Rigs: a 5% Buyers Premium will apply to all Truck Mounted Rotary Drill Rigs. A Fifteen Percent (15%) Buyers Premium will be charged
and shall apply to all other lots sold, a Two and One Half Percent (2.5%) Discount will be allowed for payments in cash or check. All items sold to internet bidders shall incur an additional 3% buyers premium.
5) CONDITION/REPRESENTATON OF ARTICLES SOLD: Salvadore Auctions & Appraisals, Inc/ ("the auctioneer") and R.E. Chapman Co. and any consignor of goods to the auction(collectively "the sellers") shall not be responsible for the accuracy or correctness of the description of any particular article. The auctioneer and the sellers
shall not be responsible for the authenticity of any particular article, item or lot, defect in any lot or item or article, and makes no warranty neither expressed nor implied in connection with any lot, article or item being sold or presented for sale. No Deductions, allowances, returns, credits, or reimbursements for any article, item or lot damaged. All items are sold strictly "AS IS, WHERE IS" and without recourse. No article, item or lot sold or presented for sale are warranted as merchantable or fit for any specific or particular purpose. No Claims may made by any purchaser that relate to the fitness, use or condition of any article, item or lot purchased or for any damages whether consequential or otherwise which arise therefrom.
6) METHOD OF PAYMENT: All checks, deposits, balances due, credit card payments shall be made payable to the order of Salvadore Auctions & Appraisals, Inc. (SIAAI)or their assigns or subsidiaries. All bills must be paid to an authorized representative of the auctioneer or SIAAI unless other arrangements, terms or procedures are
announced. The full purchase price, including Buyer's Premium, appropriate Sales and/or Use Taxes on all lots sold to the same buyer must be paid within the time
announced and fixed and before the removal of any item. All payments must be made in Cash, Certified Check, Authorized Credit Card, Wire Transfer, Money Order, or
Company Check with Bank Letter of Guaranty only unless other terms have been agreed to in writing between the parties.
7) REMOVAL: All purchases must be removed Wednesday October 21, 2009 unless alternative time frame has been agreed to by the auctioneer or the receiver. All small
Lots should be removed immediately following the conclusion of the sale. No lot shall be removed during the sale. Removal shall be at the sole expense, risk, liability and responsibility of the purchaser. Auctioneer shall not be responsible under any circumstances for any article, item or lot not removed within the time allowed. Auctioneer shall not be responsible for loss resulting from storage on or at auction site after conclusion of sale. Auctioneer shall have the right and option to remove and store at the expense of the purchaser any item, article or lot purchased but not paid for and removed within the time announced. All Lots left on the premises after the close of the auction are left at the sole risk of loss by the purchaser. Any rigger, mover, crane operator, person or entity engaging in the removal, dismantling or transportation of any lot from this site for
hire shall present a valid insurance certificate demonstrating coverage of US $2,000.000.00 to the auction office prior to commencement of any work on the premises.
8) INDEMIFICATION: Purchaser or bidder agrees to hold the Auctioneer and Salvadore Auctions & Appraisals, Inc. and the sellers harmless from and against all liabilities, claims, damages, or actions relating to or arising from the condition or use of the articles, items or lots purchased, or from the failure of the purchaser or user to
conform to or follow instructions, warnings, operating or other recommendations of the manufacturer, or failure to comply with state, federal or local law(s) applicable to
such articles, lots or items, or from any damages whether consequential or otherwise, and any and all costs or legal expenses arising from any liability, claim or action.
	 A. ONLINE (INTERNET) BIDDERS: Bidders agrees to hold the Auctioneer, Salvadore Auctions & Appraisals, Inc. and the sellers harmless from the use 	 	
of Bidspotter. In no event shall Salvadore Auctions & Appraisals, Inc., or the sellers be held liable for damages from service outages, loss of bid, loss of data, loss of conectivity to Bidspotter or loss of conectivity at the point of sale.
9) SALE BY ESTIMATED WEIGHT, COUNT OR MEASURE: Items which are sold by estimated weight, count or measure shall be invoiced at such rate, should any shortage exist, such shortage must be brought to the attention of the auctioneer or authorized representative of the auctioneer prior to removal from the premises. Any shortage which is reported after removal shall not be considered for any reason whatsoever.
10) RESPONSIBILITY OF NON- DELIVERY: Auctioneer shall not be responsible to any party for non-delivery of any article, lot or item.
11) RISK ASSUMED BY PERSONS, BIDDERS AND PURCHASERS: All persons whether purchasers, attendees, or interested parties attending the sale or the inspection
assume all risks of damage or loss to person and property and release the Auctioneer from any and all liability thereof. Auctioneer shall not be liable for any defect in or condition of the premises on which the auction is held. All persons attending this sale do so at their own risk and agree to release the Auctioneer and Salvadore Auctions & Appraisals, Inc. and the sellers from any and all claims arising from attendance at this auction and agree to hold harmless the auctioneer and auction company from all risks
and claims arising from any action or cause of action from this sale.
12) ADDITION TO/WITHDRAWAL FROM SALE: Auctioneer reserves the right to add or withdraw items, articles or lots from the sale whether listed or not, and reserves
the right to group, split, combine or divide lots in to larger or smaller lots wherever the best interest of the seller is served.
13) DISPUTE BETWEEN BIDDERS: Auctioneer reserves the right to put up for resale or decide winner should a dispute among bidders arise. The auctioneer's decision
shall be deemed absolute and final.
14) ITEMS WITH RESERVE OR SOLD SUBJECT TO OWNER CONFIRMATION: On lots, which there are a reserve, the auctioneer reserves the right to bid on the
behalf of the owner. Auctioneer shall have the right to reject any and all bids without explanation. Items sold subject to owner confirmation shall be deemed sold upon
confirmation by owner.
15) RECORDS/AGENCY: The record kept by the auctioneer or clerk shall be final in the event of dispute. The Auctioneer is acting as agent only and is in no way responsible for the actions or acts of its principle(s).

All internet bidders must be pre-approved by Tuesday October 13, 2009. PLEASE NOTE: THIS AUCTION HAS VARIABLE BUYERS PREMIUMS. Those wishing to bid on Rotary Drill Rigs must provide US $10,000.00 deposit. please see www.siaai.com for wire transfer info. Titles for rigs are on hand excpet for Foremost DR24, that title will be provided within 7 days after the auction. Removal is responsibilty of the buyer, please see website. Please understand buyers premiums, 5% on rotary rigs only and lots designated, 12.5% on all other items. internet bidders subject to additional 3% premium.

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 Salvadore Auctions & Appraisals, Inc. terms and conditions for this auction.

Still have a question? Ask our Live Auctions support staff via our Help Desk .

Copyright � 2001-2010 Bidspotter.com-Live Internet Auction Broadcasting All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the BidSpotter.com website Terms & Conditions.