Tools, Warehouse and Industrial Auction | Mid April 186

Online Auction in Chattanooga Tennessee, United States

11 Wednesday
April 11th, 2018
Compass Auctions & Real Estate
Phone: 423-702-6180

Tools, Warehouse and Industrial Auction | Mid April 186

Online Auction in Chattanooga Tennessee, United States

Wednesday at - 11th April , 2018

Notes

186 - TERMS AND IMPORTANT AUCTION DETAILS SECTION - 1. AUCTION EVENT TYPE: Online Only Auction2. LOCATION ADDRESS: 3114 Freeman St. Chattanooga, TN. 374063. AUCTION DATE: 04/11/20184. AUCTION PRE-BID START TIME: 04/04/20185. INSPECTION DATES: Appointment info@soldoncompass.com or 800-729-64666. BUYERS PREMIUM: BUYERS PREMIUM: 15% Online - 10% Municipal Items (ex. $100.00 x 10% =$110.00)7. SALES TAX: 9.25%8. TAX EXEMPT BUYERS: A valid Tax Exemption Certificate MUST be presentedat time of checkout. NO EXCEPTIONS - NO REFUNDS9. TYPES OF PAYMENT: Cash | Cashier's Checks | Bank Wire add +$18.00 fee Domestic or $36.00 fee International *Credit Card Transactions incur a +3% processing fee we accept:Visa | MasterCard |AMEX Checks: With a Bank Letter of Credit (see letter guidelines belowin terms) 10. PAYMENT & CHECKOUT TIME: Online Bidder - Within 2 Business Daysof auction.** If you currently do not have the funds to pay for your purchases, DO NOT BID **11. REMOVAL INSTRUCTIONS: No items may be removed until ALL items arePAID IN FULL. NOTE: Payment is still due within 48 hours of invoicing. All items must be removed by 04/20/2018 Buyer is to bring 2 copies of Paid in Full invoice to pick up items Locations released at time of payment Item removal MUST be scheduled with the office. 800-729 - 6466or email info@soldoncompass.com12. FINAL DATE OF REMOVAL - 04/20/2018(Item Pickup Scheduling is set by APPOINTMENT ONLY, if you arrivewithout being scheduled there is no guarantee of being loaded) Items remainingafter this date will be forfeit and resold with no refunds.13. REMOVAL HOURS: Monday - Friday 8:00-3:00 p.m. Eastern - ** WeekendPickup is NOT available. **There is a forklift on location to assist with loading heavy items - This site has a loading dock.** All Transport and Pickup MUST be scheduled with the office for loadingpersonnel to be available. **PLEASE NOTE: Auction staff members can only provide basicassistance onsite however they cannot breakdown, load, haul, disconnect,nor do they have work or hand tools available, please come prepared withall necessary tools and/or manpower needed to facilitate loading your items.PREBIDDING: The online auction will open for prebidding. If you cannotattend live you may leave a max bid and the system will auto bid for youto that max amount. Questions? info@soldoncompass.com or 800-729-6466ONLINE BIDDING PARTICIPATION 101:Steps:1 - Click on the Register to Bid Button - Complete the Registration2 - Agree to the Terms of the Auction3 - After Submitting Registration click on View Catalog to place yourpre-bids4 - All Pre-Bids will be taken to our Live Webcast Auction5 - Live Webcast Auction will start in conjunction with auction timelisted. *Enjoy bidding from the comfort of your Office, Home or on yourMobile Device*6 - Each lot will open with the current Pre-Bid that shows in the lot7 - If you cannot join the Live Webcast Auction leave your highestPre-Bid and the system will bid for you.** ALL announcements made by Auctioneer at/or during the auction will take precedence over previous printed materials, website, or any other statements or descriptions made. ****Online Bidders - Credit Cards will be processed 2 business days afterinvoicing unless you contact our office to make other arrangementsemail: info@soldoncompass.com or call 800-729-6466AUCTION TERMS AND CONDITIONS:All Sections of the Terms and Conditions apply no matter the section titleIf you have any questions contact Compass Auctions & Real Estate, LLC.info@soldoncompass.com or 800-729-6466ONLINE PARTICIPATION REQUIREMENTS: Valid Credit Card Authentication,accurately completed registration form and approval by Auction Companyis required for bidding registration.PAYMENT ACCEPTED: Cash, Cashier's Check, Visa, MasterCard, AmericanExpress - credit card transactions have a 3% additional fee, and Bank WireTransfers have additional fees of ($18.00 Domestic) ($36.00 International), checks accepted onlywith a Bank letter of Credit with the following information included:1) All Internet Buyers wishing to pay by check must provide a BankLetter of Guarantee. All letters must be faxed to 423-702-6179 oremailed to info@soldoncompass.com.BANK LETTER REQUIREMENTS: The letter must state and represent as follows:"Mr./Mrs. (Customer Name) is a customer in good standing at our bank. We willguarantee the payment of checks on his/her account (Account Number) upto (specify amount) dollars for purchase at your auction in (AuctionLocation) on (Auction Date). We hereby agree that no stop payment willbe issued in conjunction with this letter."PAYMENT INSTRUCTIONS: All onsite purchases MUST be paid for day ofauction and online MUST be paid for within 2 Business Days unlessarrangements/agreements have been made PRIOR to auction.ALL Payment MUST be received within 2 Business Days of auctionregardless of scheduled pickup or transport times. Compass Auctionsreserves the right to charge any additional fees associated withpursuing the collection process for any outstanding and nonpaymentinvoices.(A $50.00 fee shall be assessed to Buyer for all returned checks andinterest may be charged at the rate of 3% of the total invoice weeklyplus, any additional costs, labor or fees incurred to pursue collection).Payment is due IN FULL upon receipt of invoice. If payment is notreceived within 2 Business Days of the conclusion of theauction/invoice, the auction company may choose to void buyer's invoice, andall items will be forfeited. Buyer will be banned from registrationand/or bidding in any and all auctions associated with Compass Auctions& Real Estate, LLC., its affiliates, and/or industry associates. If acredit card is listed on file, the buyer grants permission for that card tobe charged over a period of time until the total fees and charges arepaid in full. All legal fees, collection fees and any other chargesarising from nonpayment will be paid by the Buyer.** If you do not currently have the funds to pay for your purchases DO NOT BID. **WIRE TRANSFER INFORMATION INTERNATIONAL & DOMESTIC: Please contactCompass Auctions & Real Estate, LLC. for information on wire transfers. Theinformation will be in emails sent to online winning bidders. There is a$18.00 basic wire transfer fee for domestic wires and a $36.00 for international wires.This amount must be included with the bank wire transfer otherwise thecredit card on file will be charged the appropriate amount. Auctioncompany reserves the right to hold items until final payment has beenprocessed in its entirety.CURRENCY TYPE: USDSHIPPING/PICKUP | REMOVAL INSTRUCTIONS: Buyers are responsible for allshipping arrangements, valid sales tax requirements, exportingrequirements/fees. Removal from auction location on day of auction, orwithin 7 business days, UNLESS otherwise stated in the informationlisted at the beginning of the Terms and Conditions section or aprevious agreement has been reached with the auction company. Partialpayment, partial removal of items is not accepted. ALL ITEMS MUST BEPAID IN FULL PRIOR TO REMOVAL OF ANY ITEMS. Storage fees may apply after14 days. Buyers causing damage, harm, creating environmental issues,dumping, destroying or abandoning, refusal or any other act to causemonetary expense to be incurred to a consignor's/seller's property or auction sitelocation or property of any type will be held liable for ANY AND ALLdamages, cleanup, or repair and may be prosecuted to the fullest extentof the law. Compass Auctions & Real Estate, LLC., nor any consignor/seller,will be responsible for packaging, shipment or transport of anykind. All items become the property of the buyer at time sold and buyerwill take full responsibility of items. Compass Auctions & Real Estate,LLC. nor consignor/seller, is responsible for damages incurred due toloading and unloading, or during shipment of items, ALL ITEMS ARE SOLD "AS IS, WHERE IS." Compass Auctions & Real Estate, LLC. nor consignor/seller willin any way, be responsible for any damages or injuries whileproviding a lift, any tools, equipment and/or loading services, the liftand loading is provided as a service to the buyers where available andbuyer will release and hold harmless any injuries or damages to propertyor person that may occur due to the use of the lift or any tool,equipment or loading service. Removal is fully at the buyer's expenseand responsibility. Buyer/Rigger is responsible for allwaste/oil/substance in the removal of assets, along with all spills thatmay occur during the removal process. Buyer assumes all responsibilityfor removal and may be required to present a copy of proof of insurancenaming auction company and seller as additional insured. Also, certainitem site locations may require a safety removal plan to be presentedand approved to remove certain items. Some sites may require buyer towear approved safety attire. Compass Auctions & Real Estate, LLC. makesevery effort to provide any additional requirements that must be met forremoval of items, however, unforeseen logistics, communication and/orcircumstances occur, and buyer assumes all responsibility for removal.Compass Auctions & Real Estate, LLC. nor consignor/seller will in no way beliable for any damage in loading, shipping or removal of items. In theevent that Bidder does not make the necessary arrangements and/or pay for shipping, orhave items removed in the allotted time disclosed, Bidder shall have noclaim against Compass Auctions & Real Estate, LLC. nor consignor/seller,and buyer will forfeit the merchandise with no refunds or recourse.PACKAGING, SHIPPING, TRANSPORTATION, LOGISTICS AND/OR RIGGINGAND REMOVAL ARE THE RESPONSIBILITY OF BUYER.Compass Auctions & Real Estate, LLC. can provide basic pallet wrappingfor a charge of $75.00 per pallet. Compass will not assume anyresponsibility for damage from packaging or transport or for any reason.Compass Auctions & Real Estate, LLC. provides this as a service only toassist buyers. BUYER WILL ALWAYS BE FULLY RESPONSIBLE FOR ALL PACKAGING,SHIPPING, RIGGING & REMOVAL OF ITEMS.CHECKOUT DATE & TIMES: Please see information listed above the terms andconditions section. If special arrangements are needed, please contactthe auction company. 800-729-6466 or info@soldoncompass.comSPECIAL TERMS & CONDITIONS: -This property is being sold - "AS IS","WHERE IS", NO REFUNDS or EXCHANGES. NO CREDIT CARD CHARGE BACKS. ALLSALES ARE FINAL. THERE ARE NO GUARANTEES OR WARRANTIES EXPRESSED ORIMPLIED. Statements, conditions, descriptions, accurate weights ormeasures on or about items in the auction are provided in good faithand are only matters of opinion. The Auctioneer, auction company andConsignor/Seller disclaim all warranties, expressed or implied, about themerchantability of the items and their fitness for a particular purpose.Items offered may or may not be sold as described and/or photographed initem description catalog. ALL SALES ARE MADE "AS IS, WHERE IS" AND BUYERACKNOWLEDGES HAVING INSPECTED THE PROPERTY WHETHER IN PERSON OR ONLINEAND TO BE SATISFIED WITH SAME PRIOR TO BIDDING. BUYER IS SOLELY RELYINGUPON THEIR OWN EXPERTISE IN CHOOSING TO MAKE ANY PURCHASE. CompassAuctions & Real Estate, LLC. and Consignor/Seller assume no liability for anyenvironmental issues in the assets being sold. Compass Auctions & RealEstate, LLC. and Consignor/Seller makes no warranties or guarantees of any sortregarding any environmental issues and assume no liability of any sortif any ever do exist. All counts and weights of items are approximate. Allinformation provided by the Consignor/Seller is believed to be correct, but notguaranteed by Compass Auctions & Real Estate LLC. All announcements madeby Auctioneer at/or during the auction will take precedence overprevious printed materials, website, or any other statements ordescriptions made. A Buyer`s Premium indicated in details section abovewill be added to all purchases; a 3% administrative fee will apply toALL credit card purchases. If you do not currently have the funds to payfor your purchases DO NOT BID. Buyer/Rigger waives any and all claims itmay have for any damages, including actual and punitive, whether causedby negligence, willful misconduct or otherwise, and assumes all riskrelated to the removal of any and all item purchases. SALES TAX WILL BECHARGED on all purchases unless otherwise stated in the above section.Additionally, each buyer shall be responsible for payment of any city,county and/or state sales tax that may apply. By registering to bid,buyer is entering into a legally binding contract and agrees to be boundby and adheres to all terms and conditions of this auction.Feel free to contact Compass Auctions & Real Estate, LLC. atinfo@soldoncompass.com or 800-729-6466 with any questions about theauction or the items in the auction.ON-LINE TERMS: -The Buyer's Premium listed in the Terms Details Sectionabove will apply -A bank wire transfer fee of $18.00 for domestic and $36.00for international will be added to all bank wired funds. -CompassAuctions & Real Estate, LLC. has strived to accurately prepare and describeall items in this catalog. All sections of the Auction Terms andConditions apply to ALL bidders including online, onsite, attendees orparticipants of any kind regardless of the section title. All items aresold "AS IS, WHERE IS". It is solely the bidder's responsibility todetermine the exact condition and approximate count of each item that he/she bids on, all counts are approximate. -It is the responsibility ofthe Bidder to attend the auction preview or schedule an independentpreview to satisfy themselves as to the age, condition, value, count, orany other determining factors of the items. Compass Auctions hasattempted to provide the correct item description and/or pictureshowever, any errors or omissions in any provided format, description, orpicture, does not affect/or void the sale in anyway, all items are sold"AS IS, WHERE IS" and ALL SALES ARE FINAL. Compass Auctions & Real Estate, LLC.will NOT be responsible for any errors and/or omissions in thedescription, and/or pictures of the items. Bidder agrees that under nocircumstances whatsoever will Compass Auctions or consignors/sellers ever beliable to any bidder for an amount greater than the purchase price ofthe item they purchased and only when in agreement that statementmaterially and intentionally was incorrect. Statements, conditions ordescriptions on or about items in the auction are provided in good faithand are only matters of opinion and approximation. Any dismantlingof items is prohibited on the auction site or any consignor/seller property.Under NO circumstances shall the Bidder have any claim against CompassAuctions & Real Estate, LLC. or consignor/seller in the event of any technicalissues. Bidder is bidding on item information only. Pictures of itemsare provided as a reference only and may not always display accuratelywith correct lot or context. If buyer has a question regarding lotinformation or images, contact our office PRIOR to bidding. If imagesdisplay obvious information for lot with limited item text descriptionand/or do not match lot described, buyer is using their expertise,knowledge and judgment to purchase the lot based on what the imagesreveal and the lot information provided. Even though an item may displayas "sold" on the internet, no sales are final until they are certifiedby Compass Auctions & Real Estate, LLC. and Bidder receives an invoiceand provides good payment. This auction company has requested and beengranted access to see all bids placed including any maximum pre-bids.This auction company is permitted to engage in this activity byproviding this clear disclosure to you, the bidder. The bids areadvanced at pre-set increments available on the bidding web page. Fromtime to time Compass Auctions & Real Estate, LLC. may accept items withundisclosed reserve prices. The consignor/seller and Compass Auctions & RealEstate, LLC. reserve the right to bid on behalf of the consignor/seller on itemson which there may be a reserve. Compass Auctions & Real Estate, LLC.may reject or cancel any bid for any reason. The record of the auctionmade by Compass Auctions & Real Estate, LLC. shall be conclusive. Thisis a Public Auction and as such, all qualified bidders may bid includingCompass Auctions & Real Estate, LLC. owners, family members andemployees and any consignor company, group members or employees. -Compasswill not be responsible for any missed bids from any source. -By biddingon any item in the auction the registered bidder has accepted the termsand conditions of the auction and acknowledges that this is a legallybinding contract. -If you win an item in the auction you will benotified by email within 24 hours. All items will be charged to thecredit card on file within 2 business days after billing unless otherarrangements are made PRIOR to the auction start time. The initialinvoice you receive after the auction close will be used for billing,any additional fees or charges may be sent in a separate invoice andcharged to the credit card on file. -All accounts will be settled at theconclusion of the auction or within 72 hours with prior approval. Weaccept Cash, Cashier's Checks, Visa, MasterCard, American Express andBank Wire Transfers (within 2 business days of auction close ) asdetermined by the auction payment terms listed in the Terms DetailSection above. Checks must be Pre-Approved by Compass Auctions & RealEstate. -Compass Auctions & Real Estate, LLC. reserves the right to withdraw orre-catalog items in the auction as needed. All announcements made day ofauction or posted as an update in the terms & conditions will takeprecedence over any and all written, verbal or electronic statements,Auction Company reserves the right to update terms and conditions at anytime without notice. Registration: -Online bidding will be conductedwith an online bidding platform-Internet Bidders are required toregister with the online bidding platform and receive an AuctionRegistration Bidder Number. Compass Auctions & Real Estate, LLC. is providingInternet Auction bidding as a service. Compass Auctions will not be held responsiblefor any issues with technology, Auction or Live Bidding over theinternet. - Internet bidders who desire to make certain their bid isacknowledged should use the proxy-bidding feature and leave theirmaximum bid 24 hours prior to the beginning of the auction. -Byregistering to bid and/or bidding on any item in the auction theregistered bidder has accepted the terms and conditions of the auction and agrees toadhere to and be bound by all sections of the auction terms andconditions. This is a legally binding contract whether attending onsiteor by clicking to agree to the terms and conditions online, or by anyother digital method whether by fax or email the buyer is bound by theterms and conditions set forth in this contract.Compass Auctions & Real Estate, LLC. reserves the right to refuse service ordecline registration to any person/persons. -A winning bid is a legalbinding contract to buy and provide good funds. Title to the merchandisetransfers to Bidder, only when Bidder`s payment is honored. No itemswill be removed without final payment received. Auction Company reservesthe right to hold items until payment can be finalized in its entirety.Packaging & Shipping: -The Buyer is ultimately responsible for allremoval, packaging, shipping and insurance costs. Compass Auctions andconsignors/sellers will in no way be liable for any damage in loading orshipping. In the event that Bidder does not make arrangements and/or payfor shipping, or have items removed in the allotted time disclosed,Bidder shall have no claim against Compass Auctions or consignors/sellers andwill forfeit the merchandise with no refunds or recourse. Also, packagingand shipping information listed in all sections of the auction terms andconditions apply.If you plan to register a titled vehicle in an area that requires anemission or other test, emissions or other tests are not guaranteed andit is sold "AS-IS, WHERE IS" unless stated otherwise in the item description. Alltitled vehicles are sold "AS-IS, TOW AWAY" in regards to emissions tests.Emission tests are not provided unless it is stated in the itemdescription. If an emission test is provided, it is only valid in thearea for which it was issued. It is the buyer`s sole responsibility todetermine if a titled vehicle is legal and able to be registered wherebuyer lives.*Titles for vehicles will be mailed within 21 business days for allvehicles.Additional Terms:EXPORT. Buyer agrees to comply with applicable export control laws andregulations of the United States (including, without limitation, 15C.F.R. Parts 730, 736, 738, 744, or 774, and 10 C.F.R. Parts 810.7 and810.8). Buyer agrees not to export, directly or indirectly, any propertyor items purchased hereunder to:A. Cuba, Iran, North Korea, Sudan, orSyria;B. any person or entity listed on any United States governmentdenial list, including but not limited to, the United States Departmentof Commerce Denied Persons, Entities, and Unverified Lists; The UnitedStates Department of Treasury Specially Designated Nationals List; andthe United States Department of State Debarred List; and C. any entityBuyer knows, or should know, will export the items or property purchasedhereunder in violation of applicable export control laws and regulationsof the United States.Domestic customers: All property is sold F. O. B. Origin/Collect (unlessotherwise noted); which for the purposes of this agreement are definedas follows: customer is responsible for all transport arrangements andpayment, transference of ownership is established to the buyer at thepoint of origin when loaded upon the buyers appointed conveyance.Export shipments: Non-domestic customers- All property is sold IncotermsEx-Works-Origin. Buyer shall arrange and bear all customs taxes andcharges and arrange for the loading of the purchased goods. Buyer agreesto comply with all applicable United States export laws and regulations.Compass Auctions is not the originator nor responsible for any fees ortaxes.INJURY AND DAMAGE:Bidder acknowledges responsibility for any personal injury or propertydamage caused by themselves or his or her agent, and further agrees tohold the auctioneers Compass Auctions & Real Estate, LLC. and consignors/sellersharmless from any personal injury to himself or his agents and anyproperty damage incurred on auction/consignor premises, and releasesCompass Auctions & Real Estate, LLC. and clients from any liability due to anydamage or injury.AGENTS ONLY:The auctioneers at Compass Auctions & Real Estate, LLC. are acting as the sellersagents.DISPUTES:Auctioneer shall designate the winning bidder after each item isauctioned. If a dispute arises between two or more bidders, theAuctioneers reserve the right to reopen the bidding. The auctioneer'sdesignation of a buyer shall be final.Any and all disputes that require litigation shall be administered andshall be enforced and brought in The State of Tennessee, HamiltonCounty, and governed by the laws of the State of Tennessee. CompassAuctions & Real Estate, LLC. reserves the right to select the venue for thelitigation proceedings whether by arbitration or litigation. CompassAuctions reserves the right to receive compensation of any and all legalfees, collection fees and any other charges incurred by Compass Auctions& Real Estate, LLC. as a result of any legal action.BY REGISTERING, BIDDING, AND/OR ATTENDING THIS AUCTION YOU AGREE TO ALLTERMS & CONDITIONS LISTED AS ACKNOWLEDGED AND SET FORTH BY COMPASSAUCTIONS & REAL ESTATEFOR FURTHER INFORMATON PLEASE CONTACT COMPASS AUCTIONS & REAL ESTATE800-729-6466 OR info@soldoncompass.com

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