If you are unable to attend an auction, Koster Industries can bid on your behalf
Wed, July 12th 2017 1:00 P.M. EDT
Evendale, OH; Muskegon, MI; Lynn, MA; Newark, DE, Victorville, CA
By appointment only - contact us for appointments
|Item Ref||Item Number||Item Summary|
|247513||1||VERTICAL MILLING MACHINE, WITH 9″ X 49″ HAND FEED TABLE, 3HP|
|247514||2||JET MDL. JDP-12SVS-3 20″ FLOOR TYPE DRILL PRESS, WITH 15″ X 17-1/2″ TABLE, 2HP, S/N: 189065B|
|247515||3||20″ FLOOR TYPE DRILL PRESS, WITH 15″ X 17-1/2″ TABLE, 2HP|
|247516||4||HARRISON MDL. AA ENGINE LATHE, WITH 13″ X 28″ TABLE, INCH / METRIC THREADING, THREADING DIAL, COLLET CHUCK, TAILSTOCK, 35-3000 RPM, 2″ SPINDLE BORE, ASSET # 18310|
|247517||5||TURRET MILL, WITH 60-4200 RPM, 9″ X 49″ HAND FEED TABLE|
|247518||6||VERTICAL MILLING MACHINE, WITH 60-4000 RPM, 11-3/4″ X 4′ HAND FEED TABLE|
|247519||7||VERTICAL MILLING MACHINE, WITH 10″ X 54″ POWER FEED TABLE, 25-1160 RPM|
|247520||8||9″ / 16″ X 60″ GAP BED LATHE, WITH 60-1800 RPM, THREADING DIAL, INCH / METRIC THREADING|
|247521||9||TURRET MILL, WITH 27-3/4″ MAX SWING, THREADING DIAL, 10′ BED, 72″ CENTERS, 9.5-1288 RPM, 2-1/4″ SPINDLE BORE|
|247522||10||18″ X 40″ GEARED HEAD ENGINE LATHE, WITH INCH / METRIC THREADING, THREADING DIAL, TAILSTOCK, MITUTOYO 2-AXIS DIGITAL READOUT, 62-1600 RPM, 2″ SPINDLE BORE|
|247523||11||16″ X 50″ GEARED HEAD ENGINE LATHE, WITH INCH / METRIC THREADING, THREADING DIAL, COLLET CHUCK, 45-1800 RPM, 2-1/4″ SPINDLE BORE|
|247524||12||18″ X 60″ GEARED HEAD ENGINE LATHE, WITH INCH / METRIC THREADING, THREADING DIAL, 10″ 3-JAW CHUCK, APPROXIMATELY 2″ HOLE, SPAULDING 2-AXIS DIGITAL READOUT, 25-1500 RPM|
|247525||13||20″ X 80″ GEARED HEAD ENGINE LATHE, WITH 40-1600 RPM, INCH / METRIC THREADING, THREADING DIAL, 15″ 4-JAW CHUCK, 3″ SPINDLE BORE|
|247526||14||20″ X 80″ GEARED HEAD ENGINE LATHE, WITH 40-1600 RPM, INCH / METRIC THREADING, THREADING DIAL, 15″ 4-JAW CHUCK, 3″ SPINDLE BORE|
|247527||15||20″ X 55″ GEARED HEAD ENGINE LATHE, WITH THREADING DIAL, INCH / METRIC THREADING, MICROMETER STOP, 40-1600 RPM, 15″ 4-JAW CHUCK, STEADY REST, TAILSTOCK, 3″ HOLE THRU SPINDLE|
|247528||16||CNC VERTICAL MACHINING CENTER, WITH 40-POSITION AUTOMATIC TOOL CHANGER, 50-TAPER, COOLANT SYSTEM, HYDRAULIC POWER UNIT, 24″ X 48″ T-SLOTTED TABLE, MAZATROL CAM M-2 CNC CONTROLS, BIJUR SPRAY MIST, ONE SHOT LUBE, NACHI HYDRAULIC POWER UNIT|
|247529||18||VERTICAL BORING MILL, WITH 51″ 4-JAW CHUCK, 12-POSITION SIDE MOUNTED TOOL CHANGER, PENDANT CONTROLS, MAYFRAN “CHIP TOTO” ELEVATED CHIP CONVEYOR [MARK CENTURY 1050 CONTROLS – REMOVED]|
|247530||19||CNC RAM TYPE EDM, WITH 24″ X55″ T-SLOTTED TABLE, XERMAC CNC CONTROLS|
|247532||20||CNC HORIZONTAL MACHINING CENTER, WITH 24″ DIAMETER ROTARY TABLE, APPROXIMATELY 25-POSITION AUTOMATIC TOOL CHANGER, TOP MOUNTED, JORGENSEN ELEVATED CHIP CONVEYOR [NO CONTROL]|
|247533||21||CNC HORIZONTAL MACHINING CENTER, WITH 24″ DIAMETER ROTARY TABLE, APPROXIMATELY 25-POSITION AUTOMATIC TOOL CHANGER, TOP MOUNTED, JORGENSEN ELEVATED CHIP CONVEYOR [NO CONTROL]|
|247534||22||36″ PRESS TYPE SPOT WELDER, 90-KVA, WATER COOLED, WITH FOOT PEDAL CONTROL|
|247535||23||RADIAL ARM DRILL, WITH 40″ SWING, 40″ WIDE X 150″ LONG T-SLOTTED BASE,  42″ WIDE X 52″ LONG T-SLOTTED ADD-ON BASES, 5′ ARM, 15″ DIAMETER COLUMN, 5′ HIGH COLUMN|
|247536||24||VERTICAL TURRET LATHE, WITH SIDE HEAD, 4-STATION TURRET, 42″ 6-JAW CHUCK|
|247537||25||CNC HORIZONTAL MACHINING CENTER, WITH 24″ DIAMETER ROTARY TABLE, APPROXIMATELY 25-POSITION AUTOMATIC TOOL CHANGER, TOP MOUNTED, JORGENSEN ELEVATED CHIP CONVEYOR [NO CONTROL]|
|247538||26||WET BLAST MACHINE, WITH 28″ X 28″ SIDE OPENING, TRANSFER CAR, 45″ X 88″ LONG RECOVERY & DRIP TABLE|
|247539||27||24″ X 48″ HYDRAULIC FEED SURFACE GRINDER, WITH 24″ X 48″ WALKER ELECTROMAGNETIC CHUCK, WHEEL DRESSER, 14″ DIAMETER WHEELS, 3″ WIDE, HYDRAULIC POWER UNIT, 25HP, FILTRATION SYSTEM, NEUTROFIER III CHUCK CONTROLS, TRAVATROL WHE…|
|247540||28||CNC VERTICAL MACHINING CENTER WITH HYDRAULIC ROTARY TABLE, FANUC SERIES 150-M CNC CONTROLS|
|247531||29||CNC TURRET LATHE, WITH 8-STATION TURRET, 34″ CHUCK, JORGENSEN CHIP CONVEYOR, PENDANT CONTROL, 16 + 2 SWING [GE MARK CENTURY 550 CNC CONTROLS – NOT INCLUDED]|
|247541||100||5-AXIS CBM PROFILE GRINDER, WITH 20″ ROTARY TABLE, 15HP MAIN SPINDLE MOTOR, GE FANUC SERIES 15-M CNC CONTROLS, KIDDE FIRE SUPPRESSION, FILTRATION SYSTEM, TORIT DONALDSON MIST COLLECTOR|
|247542||101||5-AXIS CBM CNC PROFILE GRINDERWITH SIDE AXIS DOOR, 20″ ROTARY TABLE C-AXIS, SETCO 12,500 RPM REVERSIBLE SPINDLE, TYPE 4200 3BY-13151 HORIZONTAL ROTARY TABLE – B/Z AXIS, KIDDE FIRE SUPPRESSION, GE FANUC SERIES 15-M CNC CONTROLS, FILTRATION SYSTEM, C…|
|247543||102||CNC VERTICAL MACHINING CENTER, WITH 20″ X 40″ T-SLOTTED TABLE, 20-POSITION AUTOMATIC TOOL CHANGER, FADAL 88HS CNC CONTROLS, CAT TAPER SPINDLE|
|247545||104||CNC LASER HOLE DRILLING LASER, WITH GE FANUC SERIES 15-M CNC CONTROLS, TECHNI-QUIP MICRO-MAC V, 15″ X 60″ T-SLOTTED TABLE, 4TH AXIS TRUNNION TABLE, CONVERGENT ENERGY OMEGA 400-WATT YAG LASER|
|247546||105||MIST COLLECTOR, 3HP, 3450 RPM|
|247547||106||5-AXIS CBM CNC PROFILE GRINDERWITH SIDE AXIS DOOR, 20″ ROTARY TABLE C-AXIS, SETCO 12,500 RPM REVERSIBLE SPINDLE, TYPE 4200 3BY-13151 HORIZONTAL ROTARY TABLE – B/Z AXIS, KIDDE FIRE SUPPRESSION, GE FANUC SERIES 15-M CNC CONTROLS, FILTRATION SYSTEM, C…|
|247548||107||SINKER TYPE EDM WITH FAGOR 1-AXIS DIGITAL READ OUT, 10” X 22” SLOTTED TABLE|
|247549||108||ROBOCUT OB CNC WIRE EDM, WITH FANUC 16-W CONTROLS|
|247550||109||SINKER TYPE EDM WITH FAGOR 1-AXIS DIGITAL READ OUT, 14” X 26” SLOTTED TABLE|
|247551||110||SINKER TYPE EDM WITH FAGOR 1-AXIS DIGITAL READ OUT, 10” X 22” SLOTTED TABLE|
|247552||111||CONVERGENT ENERGY LASER DRILLING SYSTEM, 90-AMP, 7-AXIS, WITH FIBRO ROTARY TABLE, ORION CNC CONTROLS, PENDANT CONTROLS|
|247553||112||CNC LASER HOLE DRILLING MACHINE, WITH GE FANUC SERIES 16-M CNC CONTROLS, PENDANT CONTROLS, ROTARY TABLE, CONVERGENT ENERGY CONTROL CABINET, CHILLER|
|247556||115|| 1/4 TON CHILLERS|
|247557||116||PALLET, WITH  COFFING 1/4 TON ELECTRIC HOISTS, PENDANT CONTROL, 3-PHASE, 240 VOLT, BUDGET 11559919|
|247559||118||HYDRAULIC POWER SUPPLY|
|247561||120||GANTRY TYPE COORDINATE MEASURING MACHINE, WITH 40″ X 48″ X 6″ GRANITE SURFACE PLATE|
|247562||121||GANTRY TYPE COORDINATE MEASURING MACHINE, WITH 40″ X 48″ X 6″ GRANITE SURFACE PLATE|
|247563||122|| POWER SUPPLIES|
|247566||126||1000-WATT LASER, WITH 16″ X 52″ T-SLOTTED TABLE, 5-AXIS, GE FANUC SERIES 16i-M CNC CONTROLS, TRUNNION TABLE|
|247567||127||CONVERGENT ENERGY LASER DRILLING SYSTEM, 90-AMP, 7-AXIS, WITH FIBRO ROTARY TABLE, ORION CNC CONTROLS, PENDANT CONTROLS|
|247568||128||CONVERGENT ENERGY LASER DRILLING SYSTEM, 90-AMP, 7-AXIS, WITH FIBRO ROTARY TABLE, ORION CNC CONTROLS, PENDANT CONTROLS|
|247569||129||(2) PULSE TYPE WELDERS WITH TRANSFORMERS|
|247570||132||COOLANT FILTRATION SYSTEM|
|247571||133||COOLANT FILTRATION SYSTEM|
|247572||134||COOLANT FILTRATION SYSTEM|
|247573||135||20″ FLOOR TYPE DRILL PRESS, WITH 16″ X 18″ TABLE, 1.5-7.5HP, 150-2000 RPM|
|247574||136||20″ FLOOR TYPE DRILL PRESS, WITH 24″ X 40″ PRODUCTION TABLE, 150-2000 RPM|
|247575||137||VERTICAL MILL, WITH 9″ X 36″ T-SLOTTED TABLE|
|247576||138||SINKER TYPE EDM|
|247577||139||SINKER TYPE EDM|
|247580||142||(2) IN-LINE CHILLERS WITH GOULDS SERIES NPE 1 X 1-1/4″-6 PUMP, RANCO ELECTRONIC TEMPERATURE CONTROLS|
|247581||143||INGERSOLL RAND HRM DESSICANT DRYER|
|247582||144||INGERSOLL RAND SSR EP50 SCREW TYPE AIR COMPRESSOR|
|247583||144A||ELECTRIC FURNANCE 4” X 8” X 3-1/2” INSIDE DIMENSIONS, WITH DIGITAL TEMPATURE CONTROLS, DAYTON MDL 4C659B BLOWER|
|247584||145||20″ FLOOR TYPE DRILL PRESS, WITH 24″ X 40″ PRODUCTION TABLE|
|247585||146||HYDRAULIC POWER UNIT, WITH  5HP ELECTRIC MOTORS|
|247586||147||DUST COLLECTOR, WITH DONALDSON CHECKERBOARD CONTROL|
|247588||149||DC TIG / STICK INVERTER CC POWER SOURCE, WITH MILLER COOLMATE 3 CHILLER|
|247590||151||50HP AIR COMPRESSOR, 194-CFM, 125-PSIG|
|247591||142A||REACH-IN TYPE SHOT BLAST UNIT|
|248504||201||MAGERLE MDL. F-7-R-S4 NC SURFACE GRINDER|
|248505||202||MAGERLE MDL. MFP-125-36 SURFACE GRINDER|
|248506||203||EIMELDINGEN 12″ MOTOR DRIVEN ROTARY TABLE|
|248507||204||WOOD TOP VIDMAR TYPE WORK BENCH|
|248508||205||LISTA DOUBLE CABINET WOOD TOP WORK BENCH|
|248509||206||PENNCO DOUBLE CABINET WOOD TOP WORK BENCH|
|248510||207||BRIDGEPORT SERIES I 2HP VERTICAL MILLING MACHINE|
|248511||208||OKUMA MDL. LS APPROXIMATELY 18″ X 46″ GEARED HEAD ENGINE LATHE|
|248512||209||BALDOR 10″ DOUBLE END PEDESTAL GRINDER|
|248513||210||TDG MACHINE PRODUCTS TRU-POINT DRILL POINT GRINDER|
|248514||211||BRIDGEPORT VERTICAL MILLING MACHINE|
|248515||212||STARRETT MDL. SIGMA HB400 14″ OPTICAL COMPARATOR|
|248516||213||DONALDSON MDL. 80CAB PORTABLE DUST COLLECTOR|
|248517||214||ACER MDL. 3VK VERTICAL MILLING MACHINE|
|248518||215||ACER 6″ X 18″ HAND FEED SURFACE GRINDER|
|248519||216||BRIDGEPORT 2HP VERTICAL MILLING MACHINE, WITH 9″ X 42″ POWER FEED TABLE|
|248520||217||ROTAB 24″ MOTOR DRIVEN ROTARY TABLE|
|248521||218||HYDROFLOW MDL. 150HVF-12A FILTRATION SYSTEM|
|248522||219||TANNEWITZ 36″ VERTICAL BANDSAW|
|248523||220||HEALD MDL. 361 24″ ROTARY GRINDER|
|248524||221||MARVEL MDL. 712M HORIZONTAL BANDSAW|
|248525||222||CARLTON 3’9″ RADIAL ARM DRILL|
|248526||223||LELAND GIFFORD MDL. SK84FK91A 26″ 2-SPINDLE FLOOR TYPE DRILL PRESS|
|248527||224||GIDDINGS & LEWIS MDL. G60TX CNC HORIZONTAL MILLING CENTER|
|248528||225||BULLARD MDL. DYN-AU-TURN VERTICAL TURRET LATHE|
|248529||226||AMERICAN 14″ HORIZONTAL BELT SANDER|
|248530||227||STATE SPINDLE SANDER|
|248531||228||15″ FACE SANDER|
|248533||230||DeWALT 16″ RADIAL ARM SAW|
|248534||231||ROOT 40″ FLOOR TYPE DRILL PRESS|
|248535||232||POWERMATIC MDL. 66 10″ TABLE SAW|
|248536||233||TANNEWITZ MDL. XJS 18″ TABLE SAW|
|248537||234||DELTA 14″ VERTICAL BANDSAW|
|248538||235||DAYTON 10″ DOUBLE END PEDESTAL GRINDER|
|248539||236||GREEN 3-D ENGRAVER|
|248540||237||ENGEL MDL. 10BA-500 BEND-ALL BRAKE|
|248541||238||BROWN & SHARPE 6″ X 18″ SURFACE GRINDER|
|248542||239||WELLSAW MDL. 1000 HORIZONTAL BANDSAW|
|248543||240||BRIDGEPORT VERTICAL MILLING MACHINE|
|248544||241||HAMMOND 6″ DOUBLE END CARBIDE TOOL GRINDER|
|248545||242||CINCINNATI GILBERT APPROXIMATELY 10″ X 60″ RADIAL ARM DRILL|
|248546||243||CABINET & DRILL BITS|
|248547||244||VIDMAR TYPE TOOL CABINET & CONTENTS|
|248548||245||WOOD TOP WORK BENCH & CABINET|
|248549||246||ROLLING TOOL CABINET|
|248550||247||MONARCH MDL. PMC V750 CNC VERTICAL MACHINING CENTER|
|248551||248||NATIONAL ELECTRIC WELDING MACHINES CO. 100-KVA SEAM WELDER|
|248552||249||DONALDSON TORIT MDL. VS1500 BOX TYPE DUST COLLECTOR|
|248553||250||DONALDSON TORIT MDL. DMC-1 BOX TYPE DUST COLLECTOR|
|248554||251||UNI-WASH / POLARIS MDL. MM2000 MIST COLLECTOR|
|248555||252||GRIEVE MDL. AA-1250 ELECTRIC DRYING OVEN|
|248556||253||TOOL & CUTTER GRINDER|
|248557||254||ELOX MDL. 8-62 33.2-KVA EDM|
|248558||255||WELDING FUME COLLECTOR|
|248559||256||DOUBLE CABINET VIDMAR TYPE WOOD TOP WORK BENCH|
|248560||257||48″ MOTOR DRIVEN ROTARY TABLE|
|248561||258||DOUBLE CABINET VIDMAR TYPE WOOD TOP WORK BENCH|
|248562||259||ROLLING TOOL BOX|
|248563||260|| 12″ X 18″ GRANITE SURFACE PLATES, WITH TOOL BOX|
|248564||261||18″ X 24″ GRANITE SURFACE PLATE|
|248565||262||VIDMAR TYPE TOOL CABINET|
|248566||263||ROLLING TOOL BOX|
|248567||264||VIDMAR TYPE TOOL CABINET|
|248568||265||COMPRESSION RIVETER PNEUMATIC RIVETER|
|248569||266||COMPRESSION RIVETER PNEUMATIC RIVETER|
|248570||267||TORIT BOX TYPE DUST COLLECTOR|
|248571||268||TORIT BOX TYPE DUST COLLECTOR|
|248572||269||WOOD TOP WORK BENCH|
|248573||270||TORIT BOX TYPE DUST COLLECTOR|
|248574||271||TORIT BOX TYPE DUST COLLECTOR|
|248575||272||FLOW PRO MOTOR DRIVEN HYDRAULIC UNIT|
|248576||272A||TRIBOL MOTOR DRIVEN HYDRAULIC UNIT|
|248577||273||TORIT FREE STANDING DUST COLLECTOR|
|248578||274||TORIT FREE STANDING DUST COLLECTOR|
|248579||275||TORIT FREE STANDING DUST COLLECTOR|
|248580||276||TORIT FREE STANDING DUST COLLECTOR|
|248581||277||TORIT FREE STANDING DUST COLLECTOR|
|248582||278||TORIT FREE STANDING DUST COLLECTOR|
|248583||279||TORIT FREE STANDING DUST COLLECTOR|
|248584||280||TORIT FREE STANDING DUST COLLECTOR|
|248585||281||TORIT PORTABLE BOX TYPE DUST COLLECTOR|
|248586||282||DONALDSON TORIT BOX TYPE DUST COLLECTOR (NEW)|
|248587||283||MOORE JIG GRINDER|
|248588||284||WOOD TOP VIDMAR TYPE WORK BENCH|
|248589||285||MILLER MDL. 330ST AIRCRAFTER 300-AMP TIG WELDER|
|248590||286|| WOOD TOP VIDMAR TYPE WORK BENCHES|
|248591||287||WOOD TOP VIDMAR TYPE WORK BENCH & VISE|
|248592||288||DETECTO 1000# CAPACITY FLOOR SCALE|
|248593||289||DIVERSI-TECH GREEN FILTERING SYSTEM|
|248594||290||APPROXIMATELY 1 TON CAPACITY ELECTRIC HOIST|
|248595||291||APPROXIMATELY 1 TON CAPACITY ELECTRIC HOIST|
|248596||292||APPROXIMATELY 1 TON CAPACITY ELECTRIC HOIST|
|248597||293||APPROXIMATELY 1 TON CAPACITY ELECTRIC HOIST|
|248598||294||HARRISON MDL. AA 13″ X 30″ TOOLROOM LATHE|
|248599||295||APPROXIMATELY 250# OF BRASS EDM WIRE|
|248600||296||BULLARD MDL. DYNATROL 46″ VERTICAL TURRET LATHE|
|248601||297||BOSTITCH MDL. H-15-AW AUTOMATIC WIRE STITCHER|
|248602||298||KEN BAY BOX TYPE TRASH COMPACTOR|
|248603||299|| ROLLING LAUNDRY CANVAS BASKETS|
|248604||300||CINCINNATI MILACRON MDL. 10E2340X2 EDM|
|248605||301||BLUE M MDL. MP-36F-1 ELECTRIC FIRED OVEN|
|248606||302||AIRFLOW SYSTEMS MDL. MP04 MIST COLLECTOR|
|248607||303||AIRFLOW SYSTEMS MDL. MP04 MIST COLLECTOR|
|248608||304||AIRFLOW SYSTEMS MDL. MP14-B1-P66 MIST COLLECTOR|
|248609||305||SVEDA 3 TON CAPACITY SINGLE GIRDER OVERHEAD BRIDGE CRANE, 23′ WIDE X 6′, WITH YALE|
|248610||306||12′ X 40′ SOFT WALL MODULAR CLEAN ROOM, 3-WALL CONFIGURATION INTENDED FOR USE ADJACENT TO A WALL, 6′ BETWEEN POSTS ON TWO 12′ SIDES, 8′ BETWEEN POSTS ON THE 40′ SIDE, INCLUDES  HEPA FAN FILTER UNITS &  LIGHTING PANELS [FLAP-DOORS ARE MISSING]…|
|248611||307||UNION PROCESS DMQX MDL. DMQX-07 BEAD MILLING SYSTEM|
|248612||308||TRI-ARC 24″ X 60″ CUSTOM-BUILT WORK PLATFORM|
|248613||309||UNIQUE HED INDUSTRIES MDL. MP-120-GM 15kw ELECTRIC FIRED FURNACE|
|248614||310||SOLARIS MDL. WLC-3 LASER PROFILOMETER|
|248615||311|| STAINLESS STEEL VESSELS, SOME WITH LIDS, ROUGHLY 24″ DIAMETER X 42″ TALL OF 3/16″ GAUGE 316-SS, WITH  PORTS ON OPPOSITE SIDES &  ON BOTTOM,  INTERNAL STAINLESS STEEL PLATES, NON-STAINLESS LEGS ELEVATE VESSEL BY 12|
|248616||312|| 3′ DIAMETER STAINLESS STEEL VESSELS, WITH ROUNDED BOTTOM, ROUGHLY 3′ DIAMETER X 6′ TALL OF 3/16″ GAUGE 316-SS, WITH  PORTS IN THE LID &  ON BOTTOM, MULTIPLE INTERNAL STAINLESS STEEL PLATES WITH PIPING FOR CHILLED WATER, NON-STAINLESS …|
|249314||313||BLUE M MDL. DC-606AGHP-1 ELECTRIC FIRED OVEN, 48″ DEEP X 36″ WIDE X 60″ TALL CHAMBER, 63″ DEEP X 76″ WIDE X 76″ TALL OVERALL DIMENSIONS, 600-DEGREES FAHRENHEIT MAX TEMPERATURE WITH DIGITAL CONTROLS, S/N: DC-5837 [ASSET #00091]|
Evendale, OH: 7.00%
Lynn, MA: 6.250%
Muskegon, MI: 0.00%
Newark, DE: 0.00%
Buyers Premium: 16.50%
Special Notice on Terms & Conditions of Sale
Koster Industries Inc. or it’s representatives do not make any representation or warranties of any kind whatsoever on the machinery & equipment listed, we make every ability to describe the lots accurately, but it is up to the bidder to perform their own due-diligence IE. Not limited to Manufacturer, Model, Capacities, Attachments, Etc. prior to bidding. All Items being sold are “AS-IS” Where-Is” with no warranty. All bids that are entered is a legally binding contact with Koster Industries Inc.
All lots that are not removed from the premises within the posted terms and conditions of the auction sale are subject to a $750.00 USD a day storage charge invoiced by Koster Industries unless other arrangements have been made to our office
All Non-Payments and payments outside the terms and conditions of the auction sale are subject to being rated accordingly or blocked.
WE DO NOT SUPPLY ANY MATERIAL HANDLING EQUIPMENT FOR ANY MOVING INCLUDING FORKLIFT TRUCKS, PALLET JACKS, HAND TRUCKS, ETC.
Koster Industries Inc. does not pack, ship crate, transport or rig any items, we will provide a list of GE approved riggers / pack & ship companies information on our website as a courtesy, they are 3rd party contactors, Koster Industries is not responsible for rigging charges, damages, All Riggers Must Be Qualified or Approved by GE EHS Department - NO EXCEPTIONS
Payment Terms: Certified Check, Company Check up to $2,000 unless accompanied by bank letter of garantee, Wire Transfer. ALL PAYMENTS MUST MATCH THE COMPANY OR INDIVIDUAL THAT REGISTERED FOR THE SALE
Payment: All Payments are Due:
All Items Must Be Removed By:
By attending and/or participating in this sale event, each potential Buyer shall be deemed to have fully read, acknowledged and agreed to be bound by the Terms and Conditions set forth herein and in all attendant documents (collectively, the “Transaction Documents”):
BUYER INFORMATION: Each potential Buyer represents, warrants and certifies that it has provided (i) its full and accurate legal name and business address, and the full and accurate legal name and address of Buyer’s representative(s) attending and/or participating in the sale event of the Property, and (ii) the citizenship status of Buyer and its representative(s) and any foreign interest of Buyer or its representative(s)
PROPERTY INFORMATION. Any available information relating to the Property condition and other information from any available survey and/or inspection report is being provided free of charge by third parties unrelated to any of the Seller Parties. (Seller Parties shall mean Seller, and its affiliates and their respective officers, directors, employees, agents and representatives.) Seller Parties have no responsibility and make no representation or warranty of any kind with respect to such Property information, survey and/or inspection report. Any usage and/or reliance on any such Property information, survey and/or inspection report shall be at Buyer’s sole risk. Any specifications supplied are preliminary and not provided for the purpose of determining suitability or fitness and are subject to Buyer’s confirmation.
GENERAL TERMS OF SALE: For immediate acceptance, subject to prior sale or other disposition, and change without notice. Proposals and acceptances of orders by a potential Buyer are made with the mutual understanding that orders are not subject to cancellation. Sale and delivery date is approximate only, and contingent upon delays or nonperformance occasioned by strikes, accidents, fires, Acts of God, government restrictions (including the denial or cancellation of any export or other necessary license), wars, insurrections and/or any other cause beyond the control of the Seller.
RESERVATION OF RIGHTS BY SELLER: Seller reserves and has the right to (i) accept or refuse any and all bids and offers for any reason, (ii) withdraw from sale any of the Property listed or to sell at any sale property not listed, (iii) group one or more lots into one or more selling lots or to subdivide into two or more selling lots, (iv) whenever the best interest of Seller will be served, to sell all the property listed, in bulk, and (v) add other terms and conditions of sale, such additional terms and conditions to be announced prior to the sale. Notwithstanding anything to the contrary contained in any of the Transaction Documents, Seller shall not be required to effectuate any sale of Property if prohibited under applicable law, rule, order, or regulation, or if the proposed Buyer or Buyer’s funding source is on any government watchlist, including but not limited to any of the following lists published by the U.S. Government: (a) Department of Commerce Denied Persons List; (b) Department of Commerce Entity List; (c) Department of Treasury Specially Designated Nationals and Blocked Persons List; (d) Department of State Proliferation List; or (e) Department of State Arms Export Control Debarment List. Nothing herein shall be construed as (i) an approval or commitment of sale by Seller to any person; and all transactions are subject to product availability, final investment and compliance approval by Seller and the execution of the Transaction Documents in form satisfactory to Seller; or (ii) any guarantee or promise of pricing terms or availability thereof which may fluctuate or cease to be available depending on any change in the industry and market conditions; or (iii) constituting the creation of an agency, partnership, joint venture, fiduciary or similar relationship between Seller and any person; (iv) constituting business, financial, tax, accounting or legal advice, and Buyer should consult its own professional advisers for any such advice; or (v) a representation or warranty, express or implied, of any kind by any Seller Party, and Buyer expressly and specifically waives and disclaims and confirms that it has not relied and is not relying on any representation or warranty, express or implied, of any kind by any Seller Party.
COMPLIANCE WITH LAWS. Buyer shall comply with all U.S. export control laws and regulations. The Property sold under the Transaction Documents may be subject to the provisions of Export Administration Act of 1979 and the Export Administration Regulations promulgated thereunder, the Arms Export Control Act and the International Traffic in Arms Regulations, and the sanctions laws administered by the Office of Foreign Assets Control. Buyer acknowledges that these statues and regulations impose restrictions on import, export and transfer to third countries of commodities and related data, and that licenses from the U.S. Department of Commerce or U.S. Department of State may be required before such commodities or data can be transferred, and that such licenses may impose further restrictions on use and further transfer of such commodities and data. Buyer agrees (i) to notify Seller prior to any transfer of Property (including goods, commodities or data) purchased under the Transaction Documents to any parties outside of the United States, (ii) to provide an end-use certificate and a certification that the Property (including goods, commodities and data) purchased under the Transaction Documents will not be transferred to any end-user or for any end-use that is prohibited by U. S. law, (iii) to provide proof of any required U. S. Automated Export System (AES) filing prior to export of any Property (including goods, commodities or data) purchased under the Transaction Documents, and (iv) that Seller reserves the right to cancel any sale at any time in the event it determines, in its sole discretion, that any transaction arising out of the Transaction Documents does or may violate applicable U.S. export control or similar laws.
Buyer hereby represents, warrants and certifies to Seller of the following and upon Seller’s request, Buyer shall provide a separate signed certification of the following with respect to each Property that Buyer acquires from Seller: (a) Buyer will comply with United States or any other applicable export laws and regulations for the export, re0export, and/or transfer of the Property; (b) the Property will not be used or sold to a third party for use in nuclear, biological or chemical weapons, or missiles capable of delivering these weapons; and (c) the Property is not intended for use by sanctioned by the United States Government or by a destination subject to a United States comprehensive embargo.
BUYER DEPOSIT: If Seller accepts a potential Buyer’s offer, in consideration of Seller’s agreement to hold the Property available for such Buyer’s purchase for a period of 14 days commencing from the date of Seller’s acceptance of such Buyer’s offer (the “Target Closing Date”), such Buyer agrees to pay Seller within 24 hours of Seller’s acceptance of such Buyer’s offer a non-refundable down payment towards the purchase price in an amount equal to 25% of the offer price accepted by Seller (“Deposit”); and such Buyer agrees with Seller that (i) the Deposit will be credited towards the purchase price if the sale and purchase of the Property between Seller and Buyer is consummated on or before the Target Closing Date and the Deposit will be retained by the Seller if Buyer does not proceed with such transaction by the Target Closing Date; (ii) the Deposit is not refundable and shall be retained by Seller as liquidated damages except in the event that, Seller does not proceed with the sale of the Property to Buyer at no fault of Buyer or otherwise caused by Buyer; (iii) the Deposit will not accrue interest and Seller will have no obligation to pay any interest thereon; and (iv) Seller may commingle the Deposit with its general or other funds, and Seller will not hold any such funds as agent or in trust for Buyer or any other person or in any similar fiduciary capacity.
TIME AND MANNER OF PAYMENT: Each sale shall be contingent upon Buyer’s full compliance with all of the terms and conditions set forth in the Transaction Documents. Payment of purchase price in full by Buyer to Seller within the time required by Seller is required prior to Buyer’s removal and shipment of the Property. All payments shall be made to Seller in U.S. dollars by wire transfer or certified check. Purchase price for the Property does not include (a) any applicable taxes (including sales, use, transfer, property and other applicable taxes, whether assessed to Buyer or Seller, but excluding any taxes based on or measured by Seller’s income), or (b) any cost of professional services, installation, insurance, distribution charges, shipping, exportation, importation or any other cost whatsoever relating to the Property or re-titling and/or re-registration of the Property or Uniform Commercial Code filings; and Buyer shall be responsible for all such amounts set forth in this clause.
REMOVAL, RE-TITLING AND RE-REGISTRATION OF PROPERTY: Property sold to Buyer must be removed from the facility within 14 days from date of sale. Any and all de-installation, removal, transportation and re-installation of Property shall be at the sole expense, risk and liability of the Buyer. Seller shall not be responsible for Property sold but not removed within the time allowed, but shall have the option to remove and store at the sole expense and risk of the Buyer any Property sold whether or not paid for. With respect to Property that is a titled asset, Buyer shall ensure re-titling and re-registration of such Property in the ownership of the new owner within 60 days of the date of sale or such shorter period as required by applicable law and at Seller’s request, provide Seller with sufficient evidence of such re-titling and re-registration.
AS IS WHERE IS SALE: EXCEPT AS EXPRESSLY SET FORTH IN THE TRANSACTION DOCUMENTS, THE PROPERTY IS BEING SOLD AND DELIVERED BY SELLER TO BUYER AND PURCHASED AND ACCEPTED BY BUYER “AS IS” AND “WHERE IS”, WITH ALL FAULTS, WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO ANY MATTER WHATSOEVER, INCLUDING WITHOUT LIMITATION, THE CONDITION OF THE PROPERTY, ITS MERCHANTABILITY OR ITS FITNESS FOR ANY PARTICULAR PURPOSE, except that the title to Property is free and clear of all liens or encumbrances of any person or entity claiming by, through or under Seller. SELLER MAKES NO, AND EXPRESSLY AND SPECIFICALLY DISCLAIMS (AND BUYER EXPRESSLY AND SPECIFICALLY WAIVES AND DISCLAIMS AND CONFIRMS THAT IT HAS NOT RELIED AND IS NOT RELYING ON) ANY, REPRESENTATION, GUARANTEE, COVENANT, CONDITION OR WARRANTY OF ANY KIND RELATING TO THE PROPERTY, INCLUDING BUT NOT LIMITED TO THE CONDITION OR LIEN STATUS OF THE PROPERTY (WHETHER OR NOT DISCOVERABLE), WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, ARISING BY LAW OR OTHERWISE, IN CONTRACT OR IN TORT, INCLUDING WITHOUT LIMITATION, WARRANTIES WITH RESPECT TO THE PROPERTY’S MERCHANTABILITY, QUALITY, FITNESS FOR ANY PARTICULAR USE, PURPOSE, DESIGN, CONDITION, VALUE, QUALITY, DURABILITY, OR AS TO THE ABSENCE OF LATENT, INHERENT OR OTHER DEFECTS (WHETHER OR NOT DISCOVERABLE) OR AS TO THE ABSENCE OF ANY INFRINGEMENT OF ANY PATENT, DESIGN, COPYRIGHT OR OTHER PROPRIETARY RIGHT OR THOSE ARISING BY STATUTE OR OTHERWISE IN LAW FROM THE COURSE OF DEALING OR USAGE OF TRADE. BUYER ACKNOWLEDGES THAT THE PROPERTY SOLD HEREUNDER MAY BE USED. BUYER AGREES AND ACKNOWLEDGES THAT IN NO EVENT SHALL ANY SELLER PARTY BE LIABLE FOR INJURIES TO PERSONS OR PROPERTIES, FOR LOSS OF USE, REVENUES OR PROFIT WITH RESPECT TO THE PROPERTY OR ANY LIABILITY OF BUYER FOR ANY DIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES. PROPERTY PURCHASED MAY NOT INCORPORATE APPROVED ACTIVATING MECHANISMS, OPERATING SAFETY DEVICES OR SAFETY GUARDS, AS REQUIRED BY OSHA OR OTHERWISE. IT IS BUYER’S SOLE RESPONSIBILITY THAT PROPERTY PURCHASED BE SO EQUIPPED AND SAFEGUARDED TO MEET OSHA AND ANY OTHER REQUIREMENTS BEFORE PLACING SUCH PROPERTY INTO OPERATION. ALL SALES OF AVAILABLE PROPERTY WILL BE FOR COMMERCIAL USE ONLY AND NOT FOR ANY PERSONAL, FAMILY OR HOUSEHOLD USE. NO AGREEMENT ALTERING OR EXTENDING SELLER’S LIABILITY FOR WARRANTIES SHALL BE BINDING UPON SELLER UNLESS IN WRITING AND EXECUTED BY A DULY AUTHORIZED OFFICER OR REPRESENTATIVE OF SELLER.
BUYER DEFAULT: In the event of default by Buyer of any of the terms set forth in the Transaction Documents, Seller may, in addition to all other remedies under law or in equity, may retain all monies received as Deposit or otherwise, as liquidated damages. Property 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 defaulted Buyer. If at any time prior to payment in full, Buyer 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 by Seller at its option. The record of sale kept by Seller and its bookkeeper will be taken as final in the event of any dispute raised by Buyer.
INDEMNIFICATION: Buyer agrees to be responsible for, and agrees to indemnify, save and hold harmless Seller Parties from and against any and all liabilities, obligations, losses, damages, penalties, claims, actions and suits resulting therefrom and imposed upon, incurred by or asserted as a consequence of: (i) taxes, license fees, other fees and assessments of any kind or nature assessed or imposed by any domestic or foreign governmental entity or taxing authority; (ii) the sale of the Property to, the removal, delivery, transportation, shipping, exportation, importation, ownership, possession, operation or use of the Property by, Buyer, or the condition or use of the Property purchased or failure of Buyer to follow instructions, warnings or recommendations of the manufacturer, or to comply with federal, state and local laws applicable to such Property, including OSHA requirements, or for proximate or consequential damages, costs or legal expenses arising therefrom; and (iii) persons attending during exhibition, sale or removal of Property, or any defect in or condition of the premises on which the sale of Property is held.
GOVERNING LAW; WAIVER OF JURY TRIAL. The execution, interpretation and performance of the Transaction Documents shall be governed by, and construed in accordance with, the laws of the State of New York (without regard to its conflicts of law provisions). BUYER WAIVES THE RIGHT TO A JURY TRIAL IN ANY DISPUTE OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF, DIRECTLY OR INDIRECTLY, THE TRANSACTION DOCUMENTS, ANY OF THE RELATED DOCUMENTS, ANY DEALINGS BETWEEN ANY SELLER PARTY AND BUYER RELATING TO THE SUBJECT MATTER HEREOF OR THEREOF, AND/OR THE RELATIONSHIP THAT IS BEING ESTABLISHED BETWEEN SELLER AND BUYER.
MISCELLANEOUS. This Transaction Documents may not be assigned by either party without the prior written consent of the other and shall inure to the benefit of and be binding upon the parties and their respective successors and permitted assigns. Nothing in the Transaction Documents, express or implied, is intended to confer upon any person, other than the parties hereto, and their respective successors and permitted assigns, any rights, remedies, obligations or liabilities under or by any reason of the Transaction Documents. This Transaction Documents shall constitute the entire agreement of the parties with respect to the subject matter hereof. No amendments or modifications to the Transaction Document shall be valid unless in writing and signed by both parties hereto. The covenants and agreements expressed in the Transaction Documents shall be severable, and the invalidity, now or in the future, of any covenants recited herein shall not affect the validity of the remaining covenants and agreements. Each Transaction Document may be executed in multiple originals and multiple counterparts on different dates and in different places, but which when taken together shall constitute one binding and effective agreement. The waivers, indemnities, representations and warranties set forth in the Transaction Documents shall survive the consummation of the transaction contemplated in the Transaction Documents. Each of the parties shall be responsible for its own costs and expenses incurred in connection with the transactions contemplated by the Transaction Documents.
IMPORTANT NOTICE Nothing herein shall be construed as (i) constituting the creation of an agency, partnership, joint venture, fiduciary or similar relationship between GE and any person; (ii) an approval or commitment to sale by GE to any person; and all transactions are subject to final investment / compliance approval by GE and the execution of mutually satisfactory definitive documentation; (iii) any guarantee or promise of pricing terms or availability thereof which may fluctuate or cease to be available depending on any change in the relevant market. All sales of available equipment will be “as is”, “where is”, with all faults, without recourse or warranty of any kind or nature, express or implied; and subject to detailed terms and conditions of sale of the equipment owner / seller.
Last Updated September 18, 2009
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