PUBLIC AUCTION

MACHINERY & EQUIPMENT OF

IEPPERT MACHINE TOOL, INC

1807 W. OUTER HWY 61 * MOSCOW MILLS, MO 63362

THURSDAY, FEBRUARY 22^ND, 2018 – 10:00 A.M. (CST)

(INSPECTION WEDNESDAY, FEBRUARY 21^ST, – 9:00 A.M. – 4:00 P.M.)

TERMS & CONDITIONS OF SALE

THIS IS AN ONLINE AUCTION OF IEPPERT MACHINE TOOL BEING HELD ON THURSDAY, FEBRUARY 22^ND, 2018 BEGINNING AT 10:00 A.M. (CST).  ALL ITEMS ARE BEING PRESENTED FOR SALE AS IS/WHERE IS, WITHOUT WARRANTY OF ANY KIND EXPRESSED OR IMPLIED.  A 15% BUYERS PREMIUM WILL BE APPLIED TO ALL PURCHASES.  CREDIT CARDS WILL BE ACCEPTED FOR PAYMENT OF PURCHASES LESS THAN $10,000.

1. REGISTRATION – All bidders must register for the sale providing name (& business if applicable), address, reliable contact phone number, email address, valid credit card number and bank information.  Credit Card information is utilized to validate the registrant and will not be used as payment without express authorization from the buyer after the sale.  Complete registration information is vital to being quickly approved for the sale.  Incomplete registrations may not be approved at the discretion of ATEC.  By registering, the bidder acknowledges that they have read, accept, and agree to abide by the terms set forth in this document.  It is the registrant’s responsibility to seek clarification of any terms and conditions not clearly understood or left undefined within this document.

2. DEPOSIT – International bidders (outside of the US) must submit a credit card deposit in the amount of $5,000 before being approved to bid. In the event that no bids are placed, ATEC will refund the entire deposit to the bidder. If the bidder is successful in placing bids, the deposit will be applied to the account balance before a final invoice is issued. The deposit will not be refunded if the invoice is not paid before 4:00 PM on Wednesday, February 28^th, 2018.

3. INSPECTION – Items can be inspected at Ieppert Machine Tool, Inc. located at 1807 W. Outer Hwy 61 in Moscow Mills, MO 63362 on Wednesday, February 21^st, from 9:00 A.M. to 4:00 P.M. Central Time.

4. BIDDING – All bidders must be registered to participate in this sale.  A 15% Buyer’s Premium will be added to the sale price of all purchases.  Placing a bid acknowledges that the bidder has read, accepted, and agrees to abide by the terms set forth in this document.  Placing a bid also signifies a contractual intent to purchase at the specified bid amount and cannot be rescinded.

5. PAYMENT –Invoices must be paid within 2 business days of the sale closing.  All successful bidders will be notified by email immediately following the sale with an invoice to follow.  If you receive notification that you are the successful bidder, but do not receive an invoice by 2:00 P.M. Friday, February 23^rd, it is YOUR RESPONSIBILITY to notify our office at (314) 447-3200 so that we may re-issue your invoice.  ATEC accepts Cash, Cashier’s Check, Check (with Valid ID), Credit Cards, and Wire Transfer as payment. 

Credit Cards are accepted for purchases totaling less than $10,000.  If paying with a credit card, the buyer waives their rights to file a credit card dispute, as all items are released to the buyer immediately following payment, and all items are sold “As Is/Where Is”.  A 15% Buyer’s Premium will be added to the sale price of all purchases.  Sales tax in the amount of 6.475% will be added to all applicable sales. Any unpaid purchases will be re-sold at the auctioneer’s discretion.

6. REMOVAL – Removal is the sole responsibility of the buyer.  The auctioneer is not responsible for preparing items for shipping or removal.  No Items will be released until that item has been paid for in full and a copy of the paid invoice is presented to an ATEC representative.

Purchasers/Movers/Riggers are responsible for utility disconnections including: Proper disconnection and termination of all electrical, water and/or air lines to their items; The removal, off the premises, of all hazardous waste or oil contaminants contained within or on the purchased assets and in conjunction with all environmental laws; All gas line terminations and electrical disconnections must be done in accordance with any federal, state, or local codes. Purchasers/Movers/Riggers will be held liable for all costs relating to damages and repairs to personal property and/or premises because of their negligence and/or their activities.

If you employ someone to remove your purchases they must provide a copy of the paid invoice to our representatives on site.  All professional movers MUST provide proof of insurance to ATEC prior to moving any items.  NO ITEM WILL BE REMOVED WITHOUT PROOF OF PURCHASE AND PAYMENT – NO EXCEPTIONS!

Removal of all items will take place Monday, February 26^th through Friday, March 2^nd, 2018, from 9:00 am and 4:00 pm.  If you are unable to remove your items by March 2^nd at 4:00 P.M.it is your responsibility to contact ATEC at (314) 447-3200.  Any items not removed, or scheduled for removal by March 2^nd, 2018 at 4:00 P.M. will be considered abandoned and resold.

7. MERCHANDISE – All items are being sold AS IS/WHERE IS without warranty or guarantee of any kind expressed or implied.  Neither the auctioneer nor the seller shall be responsible for discrepancy in description or nomenclature.  The auctioneer does not own any of the items in the sale and is working on behalf of the seller.  The auctioneer reserves the right to remove, on behalf of the seller, any items identified by the seller to have a clear defect or legal encumbrance not initially known and identified at the time of posting.  Neither the auctioneer nor the seller shall be held responsible for any issues related to the safe handling and transport of item(s) purchased, as removal is the responsibility of the buyer.

IT IS YOUR RESPONSIBILITY TO CLARIFY ANY OF THE TERMS OR CONDITIONS PRIOR TO BIDDING ON ANY ITEMS. 

ALL QUESTIONS SHOULD BE DIRECTED TO:

GEORGE RISSMANN, CHIEF AUCTIONEER

EMAIL: GRISSMANN@ATEC-INC.COM

OFFICE: (314) 447-3200, EXT. 222

OR TO

KATI KINGDON, OPERATIONS/PROJECT MANAGER

EMAIL: KKINGDON@ATEC-INC.COM

DIRECT: (314) 778-9898

Packers, Shippers, & Freight Forwarders:

Our previous auction customers have used the following vendors for assistance with their removal:

Move It (Auction Pickups)

Contact: Chad McDermott (800) 831-0030 ext 17

Craters & Freighters St. Louis, MO

Contact: Walter Haas (314) 770-0855

T&T Logistics

Contact: Tim or Tony (888) 474-0494 or (636) 925-1653

Amino Transport

Contact: Brad Kilpatrick (682) 463-0486

For Heavy Rigging

Phase 4 Machinery Inc.

Contact: Jason Jaggie (636) 461-0212

Kev-Mar

Contact: Steve Tiepelman (314) 565-1376

Creekco Rigging

Contact: Carl Creek (417) 217-0828

Bosko Machinery

Contact: Dan (314) 581-4057