North Coast Tool, Inc

Peterson Auction & Realty LLC

 

Date(s) 6/23/2017 - 6/26/2017

On-Line Only bidding Bidding Opens Friday, June 23, 2017 at 9am EST Bidding Begins Closing Monday, June 26, 2017@ 3pm EST

Past Auction
Online-Only Auction
Bidding Notice:

Online only bidding Read & understand all Term & Conditions of auction before Bidding

Auction Information
Name North Coast Tool, Inc
Auctioneer
Type Online-Only Auction
Date(s) 6/23/2017 - 6/26/2017
Auction Date/Time Info
On-Line Only bidding Bidding Opens Friday, June 23, 2017 at 9am EST Bidding Begins Closing Monday, June 26, 2017@ 3pm EST
Preview Date/Time On-Site preview Friday, June 23, 2017 9am - 4pm EST 2705 West 17th St, Erie, PA 16505
Checkout Date/Time Monday, June 26, 2017 Purchases will be invoiced / Emailed All payments must be recieved in full by 5pm Tuesday, June 27, 2017 Payment types: Master Card, Visa, American Express, Discover, Electronic Wire Transfer
Location
Buyer Premium 15% Buyer's Premium
Description
North Coast Tool, Inc Bankruptcy Court has ordered linquidation. Online Only Auction. On-Site Preview Friday June 23, 2017 9am - 4pm EST Bidding Opens Friday, June 23, 2017 @ 9am Bidding Begins Closing Monday, June 26, 2017 @3pm Buyer's Premium: 15% Staggered Closing Times: Lots Have 1 minute Staggered Closing Times. Auto Extend Bidding: If a bid is submitted with less than 3-minutes remaining, the closing time for that lot will be extended by 3-minutes. Payment Due In Full before: 5 pm June 27, 2017 Payment Types: Master Card, Visa, Discover, American Express, Wire Transfer Removal: Pick up dates will be June 28, 29, 30 9am 5pm EST All purchases must be removed no later than 5 PM EST June 30, 2017. All bids placed online constitute a legally binding contract and bidders will be legally obligated to make payment and remove items in accordance with the terms and conditions of the sale Auction Conducted By: Mike Peterson Auction & Realty Service 1432 Kiantone Rd Jamestown, NY 14701 PH 716-665-0668 Fax 716-661-9629 PA Auctioneer License # AU002696L
T E R M S O F S A L E NOTICE: All Bidders and other persons participating in this sale agree that they have read and have full knowledge of these terms and agree to be bound thereby. 15% Buyers Premium Will Apply on all Purchases Does not apply to Rigging and shipping costs All Items sold "AS IS WHERE IS" with no warrantee on condition or authenticity 1. IDENTIFICATION: All participants and purchasers are required to give full name and address. 2. PAYMENT: Master Card, Visa, Discover, American Express, Electronic wire transfer 3. TIME OF PAYMENT: Each purchaser will be required to make full payment in USD on each lot purchased by 5pm EST TUESDAY, JUNE 27, 2017. 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. In default of such payment, the lots immediately will be relisted and or resold and prior high bidder is excluded from bidding on such lots again. 4. REMOVAL: Loading & Rigging: A fork truck will be availible to load small lots. Lots which require rigging as identified in lot description and must be removed not later than 5 PM EST FRIDAY, JUNE 30, 2017. Removal shall be by scheduled appointment and at the expense, risk and liability of the purchaser. Purchases will be delivered only on presentation of paid bill. Purchaser is responsible to contact, make arrangements and pay for all rigging services to remove their purchases from auction location. Purchaser must use Rigging Company with insurance approved by Seller and Auction Company. The auctioneer shall not be responsible for goods not removed within the time allowed, but shall have the option to remove and dispose of any article purchased and not removed within allotted time period. 5. 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. 6. 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. 7. INDEMNIFICATION: Purchaser agrees to indemnify and hold the Auctioneer and Seller 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. 8. CLAIMS: No claims will be allowed after removal of goods from premises. 9. RESPONSIBILITY FOR NON-DELIVERY: The Auctioneer or Seller 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 sum of amount paid on said lot, should the purchaser be entitled thereto. 10. 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. 11. 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 or seller from liability here for. 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. 12. 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. 13. SALE BY ESTIMATED WEIGHT, COUNT OR MEASURE: Where items are sold by estimated weight, count or measure, Auction Company or Seller are not responsible for any shortage or overage. 14. OPENING BIDS: The auctioneer reserves the right to reject any and all bids on lots upon which there is an opening bid, that do not meet or exceed the opening bid amount. 15. RECORDS: The record of sale kept by the auctioneer and bookkeeper will be taken as final in the event of any dispute. 16. AGENCY: The auctioneer is acting as agent only and is not responsible for the acts of its principals. 17. SALES TAX: Purchaser shall also pay all applicable sales or use taxes imposed by all taxing authorities on such transactions. The auction is being conducted in the State of Pennsylvania as a onetime onsite internet auction and therefore the collection of Sales and Use Tax by the Auctioneer or Seller is not required. 18. 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. 19. 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. Pick up dates will be JUNE 28, 29, 30 9am 5pm EST All purchases must be removed no later than 5 PM EST FRIDAY, JUNE 30, 2017. No equipment will be allowed on property for the purpose of loading other than that supplied by Rigging company for lots clearly marked "Rigging Required" Rigging Required lots: Arrangements and payments to Rigging Company is the sole responsibility of purchaser and removal is to be completed in allotted time frame. Any and All independent Rigging services must have proper rigging insurance and satisfactory equipment to remove purchases and be preapproved by Auction Company and Seller prior to being granted access to the property and any equipment is removed. Removal shall be at the expense, risk and liability of the purchaser Purchases will be delivered only on presentation of paid bill. The auctioneer shall not be responsible for goods not removed within the time allowed, but shall have the option to remove and dispose of any article purchased and not removed within allotted time period. SHIPPMENT: Any items can be shipped to purchaser. The purchaser is responsible for all Rigging, packing and shipping expenses and must be paid in full prior to shipment. If you have any questions concerning shipping please contact Auction Company prior to auction.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 99.00 10.00 USD
99.01 - 499.00 25.00 USD
499.01 - 1,999.00 50.00 USD
1,999.01 - 9,999.00 100.00 USD
9,999.01 - 20,000.00 500.00 USD
20,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 15% Buyer's Premium
Payment Terms
All purchases to be paid in full prior to pick up Payment Options: Master Card / Visa / Discover / American Express Electronic wire bank transfer No Additional Fees will be charged on any payment type Bring copy of Paid invoice which will be emailed to you for pick up
FOB PICK UP: By appointment Scheduled appointment arrangements made with Mike Peterson Auction & Realty Service PH. 716-665-0668 email - peteauction@hotmail.com Pick up dates will be JUNE 28, 29, 30 9am 5pm EST All purchases must be removed no later than 5 PM EST FRIDAY, JUNE 30, 2017. No equipment will be allowed on property for the purpose of loading other than that supplied by Rigging company for lots clearly marked "Rigging Required" Rigging Required lots: Arrangements and payments to Rigging Company is the sole responsibility of purchaser and removal is to be completed in allotted time frame The Auction company has contacted a Rigging company and they will be on-site to supply rigging services at posted prices. Any and All independent Rigging services must have proper rigging insurance and satisfactory equipment to remove purchases and be preapproved by Auction Company and Seller prior to being granted access to the property and any equipment is removed. Removal shall be at the expense, risk and liability of the purchaser Purchases will be delivered only on presentation of paid bill. The auctioneer shall not be responsible for goods not removed within the time allowed, but shall have the option to remove and dispose of any article purchased and not removed within allotted time period. SHIPPMENT: Any items can be shipped to purchaser. The purchaser is responsible for all Rigging, packing and shipping expenses and must be paid in full prior to shipment. If you have any questions concerning shipping please contact Auction Company prior to auction.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.