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(2) Complete Tissue & Pulp Mills

Lincoln Paper & Tissue - Expera Specialty Solutions
Highlights
  • 4-Day Auction: April 19th-22nd
  • Inspection Date:Fri-Sat and Mon. April 15, 16 & 18, 2016 or by appointment

Auction Taking Place At:

  • Hilton Garden Inn, 250 Haskell Road, Bangor, ME 04401

  • **Sale end dates have changed for the online-only portion (Day 4) of this sale. Lots 1600-1930 (Lincoln location) will now begin closing on TUES. APR. 26 at 10:00 AM EST.**
  • Lots 3400-3668 (Expera location) - An entirety bid has been offered and these lots are no longer available for sale. Please check catalog on Bidspotter for updated additions.

Inspection Locations:

  • Lincoln Paper & Tissue 50 Katahdin Avenue Lincoln, ME 04457
  • Expera Specialty Solutions 24 Portland Street Old Town, ME 04468

Schedule & Highlights: **ALL TIMES ARE APPROXIMATE

  • DAY 1 – Tuesday, April 19, 2016
  • Lincoln Paper & Tissue Mill Highlights:

Paper & Tissue Machinery Including:

  • Beloit Fourdrinier paper tissue machine #6, 100" maximum web width, 96" trim width, 2500 to 4000 feet per minute, 75 tons per day @ 13 lb basis weight. Noteable upgrades: Beloit pnuematic wire control redesigned in 1997, new double felt system in 2011, plain second press upgraded with Smart Knip Profiling Tech and PLC controls in 2013/14, remetalized KMW Yankee dryer in 1998, with Beloit-Cameron slitter/rewinder, 96" web width, heads and puller shaft rebuilt in 1998
  • Nash felt section vacuum pump, model CL-4001, 200 hp
  • Nash tandem breast roll & UHLE box vacuump pump set, model CL-4001, 400 hp common drive
  • Holder Fourdriner paper tissue machine #7, 115" maximum web width, 112" trim width, 2100 to 3550 feet per minute, 80 tons per day @ 18 lb. basis weight. Noteable upgrades: breast roll holder overall in 2014, 2011 double door installation on felt pick up system, breast roll vacuum pump system upgrade in 1998, with new Metso web scanning system in 2014, Jagenberg slitter/rewinder , 84" web width, electronics rebuilt in 2011
  • Nash breast roll vacuum pump, 150 hp
  • Nash UHLE box vacuum pump, model CL2002, 125 hp, remanufactured
  • Reconditioned tissue machine rolls
  • Sprout Waldron twin flow refiner, 26" double disc
  • Voith DeFlo flaker, 100 hp
  • Andritz Sprout Bauer twin flow refiner, 250 hp
  • Impco deflaker, 100 hp
  • Sweco vertical screen, model WWF-60S-DD
  • Bird Johnson flat shaker screen, all stainless
  • Black Clausen Centriscreen
  • Bird 14B Centriscreen
  • Sandy Hill roll splitter, 84" wide capacity
  • Sonoco core cutter, 96" width capacity , with dust collector
  • Mechadyne orbital plastic roll wrapping system.

Paper Production

  • Rice-Barton Fourdrinier paper machine #4, mfg 1978, 110" maximum web width, 104" trim width, 1300 feer per minute, 150 tons per day @ 60 lb basis weight, vacuum system comprised of Nash CL701 pump and assorted Siemens vacuum pumps to 150 hp, Measurex 2001 gauging system, with single drum reel and PLC controls
  • Rice-Barton Foundrinier paper machine #5, mfg 1989, 106" maximum web width, 100" trim width, 1000 feet per minute, 105 tons per day @ 60 lb basis weight, includes Nash model L7 and 12A vacuum pumps to 150 hp, 1998 installed high pressure dryer drums, Measurex 2001 gauging system, single drum reel, and spare rolls
  • Jagenberg 105" width slitter/rewinder
  • Assorted paper machine rolls
  • Andritz 250 ton/day hardwood pulper, installed new in 2014, 10' dia x 15' high pulper chamber, 300 hp VFD agitator, stainless hood, available with Paco 50 hp fill pump
  • Sulzer transfer pump, 10 x 8-18, 100 hp, new in 2014
  • Hardwood pre charge infeed conveyors, 48" wide, #1 & #2
  • Softwood pre charge conveyor, 48" wide, with stainless gravity discharge section
  • Beloit DD-4000 refiner, s/n D-2522, 500 hp motor
  • Sprout Waldron refiner, model R26-H, s/n 72-352, 400 hp motor
  • Sunds Deflo deflaker, 125 hp
  • Holder Group rotary screen, all stainless
  • Conical stainless steel blend vessels, and additional components on mezzanine
  • Black Clawson Selectifier centrifugal screen, type 24P, 20 hp
  • Nash vacuum pump, model CL3002, 125 hp
  • Hydraulic roll splitter guillotine
  • Primary stock cleaner, with approximately (48) Celleco centrifugal cyclone cleaners and stand pipe
  • Secondary stock cleaner, with approximately (26) Celleco centrifugal cyclone cleaners and stand pipe
  • Stock cleaning system, with (20) Bauer liquid primary and secondary cleaners, conecting standpipe and stainless framework
  • Sprout Bauer liquid cyclone tertiary Centricleaners, with stainless steel headers.

Pulp Drying

  • Kamyr pulp drying system, cylinder mould type, 125" maximum web width, 230 tons per day @ 55% moisture, includes dryer section, connecting vacuum pump system, AB PLC Panelview controller
  • Hydraulic pulp sheet press, 1500 psi, 24" ram, 40" x 32" bar spacing, PLC controls
  • Strapping and wire tying section, with Signode SP-710-40" strapper, and U.S. 60" wide automatic wire tying machine, both with PLC controls .

Waste Treatment Plant Including:

  • FKC screw press, model SHX-900, s/n 14-1509
  • Rotary screen, double chamber, all stainless
  • Ingersoll Rand Spiral Spring rotary vacuum filter
  • Nash vacuum pump
  • Worthington Monorotor air compressor
  • Carbon steel holding tanks, sulferic and phosfuric acid solutions
  • Control Room
  • Sutorbilt aeration blower, 200 hp
  • Acrison ingredient feeder, with dust collector
  • ECC International fiberglass storage tanks.

Kiln & Digester Building Includes

  • Allis Chalmers rotary kiln, approx 250' long x 8 ' dia, oil fired with 200 hp induced draft fan, connecting wet scrubber system, crusher discharge assembly, and AC auxillary drive
  • Stainless steel storage tank, approximately 17,000 gal, mfg 1999, utilized for Hydrogen Peroxide storage, mounted on concrete pad
  • Metering and pump skid, with associated pipework
  • 30,000 gal Horizontal storage tank, fiberglass, utilized fro Chlorine Dioxide storage
  • McQuay chiller package, with evaporator and condensor tubes
  • Ahlstrom oxygen reactor, mfg 1999, 2205 duplex stainless construction, approximately 88' high x 8.5" dia, with top mounted Ahlstrom 60 hp stainless mixer (installed 1999)
  • Ahlstrom oxygen reactor, 316 stainless construction, approximately 58' high x 6' dia. (out of service)
  • Two stage oxygen reaction / bleaching system, includes 1st and 2nd stage reactor tanks, 300 hp fluidizing pump, steam injection system, stainless standpipe (installed in 1999)
  • Contents of Digester Building

Wood Chip Yards Includes

  • Phelps hydraulic trailer dump #1, with dump bin
  • Inclined belt conveyor, approx 160' long x 48" wide
  • Hydraulic trailer dump #2, with dump bin
  • Inclined belt conveyor, approx 140' long x 48" wide, extending to elevated auger feed unit
  • Sawdust distribution tower, approx 148' long, auger feed screw
  • Thurman truck scale, 200,000 lb cap, installed in 1996
  • Hydraulic trailer dump #3, (Hog fuel delivery system)
  • Inclined belt conveyor, approximately 110' long x 48" wide
  • Eriez tramp magnet
  • Clark rotary classifier, model CRC-15
  • Montgomery hog grinder, model 39CS-KC, 300 hp
  • Inclined belt conveyor, approximately 150' long x 36" wide (extending to A-frame storage bldg)
  • ReTec hog fuel storage building, approx 32' w x 100' L x 50' high, with tripper conveyor belt system, and ReTec bottom traveling auger distribution screw
  • Power belt conveyor, approx 120' long total length x 36" wide (under hog fuel stored bldg)
  • Inclined power belt conveyor extending from stored bldg to hog fuel boiler bldg #8, approximately 350' long x 36" wide, with Eriez magnetic separator, inclined catwalks and lighting
  • Machine Shop
  • Maintenance Shop

Power House Includes

  • Electric Products diesel backup generator, 1300 kw, 1625 kva, 4160/2400 volts, Elco diesel engine, 700 hours indicated on hour meter, sound suppression enclosure
  • Catepillar diesel backup generator, 250 kw, 313 KVA, 480 volts, 376 amps, with control boxes
  • Westinghouse steam turbine, 16.5 meg, model M33A3, producing 360 lbs per hr, s/n 2558947,, with skid mounted heat exchanger with oil purefying centrifuge (totally refurbished)
  • Fincantieri back pressure steam turbine, mfg 2007, 13.5 meg (out of service)
  • Westinghouse steam turbine, 5000 kw, 600 psi inlet pressure, with 5000 KVA AC generator (partially rebuilt in 2000, out of service)
  • Keeler/Dorr-Oliver hog fuel boiler #8, 1991, 775 psi max allowable working pressure, 600 psi working pressure @ 650 degrees, 180,000 lbs/hr mixed bark wood, 200,000 lbs/hr with good wood, or 215,000 lbs/hr of No 2 fuel oil. Installed in 1991 by McBurney Corp.
  • Keystone/Zurn package oil fired boiler #7, 750 psi, 200,000 lbs/hr buring #6 low sulfer fuel oil, with hydrualic pump set, associated pumps from fuel storage tanks
  • Power house control room
  • Brown Minneapolis fuel oil storage tanks, 20' dia x 40' high, cs construction with insulation, spiral stairways, mfg 1988
  • Sullair air compressor, model 25-200LWCAC, 200 cfm, 110 psi, 200 hp
  • Sullair air compressor, model 32-300, 300 cfm, 110 psi
  • Sullair air compressor, model 25-150L, 150 cfm, 100 psi
  • Vertical air receiver, with connecting pipework and control valves
  • Horizontal fuel oil storage tank, (located between Tissue Bldgs 6, 7 and 8)

Lab Equipment


DAY 2 – Wednesday, April 20, 2016

  • 9:30 AM – 12:30 PM – Lincoln Paper & Tissue Mill Highlights:

Rolling Stock Includes:

  • 2001 International 3 axle tractor, with hyd fifth wheel
  • 1994 Freightliner 3 axle tractor, with hyd fifth wheel
  • 2000 & 2001 International Dump Trucks
  • 1998 Ford Aerostar L9000 dump truck
  • 1999 GMC 3500 bobtail van, with gas driven welder
  • Chevy 3500 welding service truck
  • 2000 Chevy 1500 pickup
  • 1998 Chevy 1500 pickup
  • 1997 Chevy 1500 pickup
  • 1998 Ford 150 pickup
  • 1994 Ford F350 stakebed
  • GMC 3500 stakebed
  • 1993 Polar stainless tanker trailer
  • Single Axle Flatbed Trailer.

Material Handling Equipment Includes:

  • Clark forklift, s/n 685-10-7419KOF, with forks [Asset #: 1008]
  • (9) ass't Yale forklifts, model GLP050
  • (3) ass't Yale forklifts, model GLP040
  • Yale forklift, model GLP060, s/n B24047V, with clamp [Asset #: 2026]
  • (2) Yale forklifts, model GLC080
  • Yale forklift, model ERPO30, s/n N02147X, with forks [Asset #: 2035]
  • Yale forklift, model H40XMS, s/n H02775B, with forks [Asset #: 2044]
  • Toyota forklift, model 42-GFG14, s/n 60681, with forks [Asset #: 2047]
  • Cat skid steer, model 226B, s/n LMJH09908 (down engine)
  • New Holland skid steer, model L160, s/n N7M448449
  • Upright telecsoping manlift, model AB46, s/n 2123
  • JLG aerial work platform, model 2033F, s/n 0200047881
  • Mayville Eng aerial work platform, model 2034HT, s/n 8101067
 
  • Automotive Garage
  • Shop Equipment
  • 12:00 PM – Expera Specialty Solutions Highlights:
  • Rolling Stock
  • Auto Repair Shop
  • Machine Shop
  • Electrical Shop
  • Pump Repair Shop

DAY 3 – Thursday, April 21, 2016

  • 9:30 AM – 12:00 PM – Lincoln Paper & Tissue Mill Highlights:
  • Stores Inventory
  • Bearings
  • Automation
  • Pumps
  • Motors
  • Flow Tubes
 
  • 1:00 PM – Expera Specialty Solutions Highlights:

Production Equipment Includes

  • (2) Complete digester systems rated at 250 and 600 tons per day; newly rebuilt Bird pressure screens, assortment of Impco finishing screens, GL&V brown stock rotary vacuum wash systems, Complete paper pulp drying line with lamb cutter slitter and hydraulic baling press, plus wide assortment of heat exchangers, vacuum pumps and Andritz large volume rotary valves.

Sterlizing System

Chip Receiving Yard Includes

  • Phelps hydraulic truck dump, nearly 2400’ of trough belt conveyors, assorted Dings and Stearn’s belt magnets, 500 hp hog grinder, Williams roll crusher, large horse power Sutorbilt chip blowers, Precision and Radar star feeders, inventory of rebuilt chip blowers and rotary valves, plus chip storage silos and plc control systems.

Pump Drying Plants

Stores Inventory

Bearing

Automation

Pumps

Motors

Flow Tubes

RO & Raw Water Systems.


 

DAY 4 PORTION OF SALE HAS CHANGED!

Lots 1600-1879 located at the LINCOLN plant will now start closing on Monday, Apr. 25, 2016 at 10:00 AM EST Lots 3400-3668 at the EXPERA plant will now start closing on Tuesday, Apr. 26, 2016 at 10:00 AM EST

ONLINE ONLY AUCTION – PLANT SUPPORT FROM BOTH MILLS INCLUDING:

  • Parts Inventory
    • Pumps
    • Motors
    • Electrical
    • Air Circuit Breakers
    • (2) Andritz Feeders
  • NEW Paper Machine Rolls

  • Paper and Tissue Machinery subject to private treaty sales. Contact Tom Royston at Perry Videx: 609.288.4042 or troyston@perryvidex.com
  • TM-6 & TM-7 to be sold subject to opening bid.
  • Lincoln Electrical Equipment, Wire, Transformers, MCCs and Switchgear to be sold in one lot, subject to confirmation.
  • All electrical equipment will be sold online at a later date!

All small items must be removed by April 29, 2016 Everything else by May 13, 2016

Available Rigger:

Catalog
View Catalog & Register to Bid Online

CRG is not responsible for packaging or shipping. The Buyer must make their own arrangements.


Available Shipper / Rigger

Circular
On-Site Bidding Process

Registering as a Bidder

When you arrive at an auction site, you must register as a bidder. At registration, we'll ask you to inform us as to how you plan to pay for your items. Please keep in mind that once you are a successful bidder, you are required to maintain a 25% deposit in cash, certified or bank check. Personal or company checks are only accepted with a letter from your bank guaranteeing your check. If you are bidding via the Internet or absentee bid you must register and submit your deposit within 24 hours prior to the auction.

How to Bid

Bidding at an auction is simple. The auctioneer will announce and describe each item before he asks for bids. During the entire bidding process, the auctioneer will speak loudly and clearly. Bids may be taken from bidders on-site, via the Internet, or by absentee-bid. On-Site - You'll make bids by using the bid card which you obtain when you register. When you want to bid on an item, you may raise your card so the auctioneer will see it. Keep in mind that if you are the successful bidder, a representative of Capital Recovery will approach you to make a deposit. You must tender the deposit in acceptable form at that time. Internet - If you wish to participate in live interactive bidding, please visit the catalog page and click on the link. You may be asked to fax in a credit card authorization form. Absentee - We will assign a representative of our firm to make bids for you. When you leave an absentee bid for the auction, you need to complete a form (click here for form) that lists the items you want to bid on and the maximum amount you will bid for each item. We will not bid over the authorized amount and only bid as high as the competitive bidding reaches. We will notify you of the outcome of the bids and return any deposits made within 72 hours. Quantity - Please note that when there is a quantity for a certain lot, and you are bidding on that lot, it is quantity X price. So if there is qty of 5 for Lot 100 and it sells for $100, your bill will reflect $500.

Proxy Bidding

Please call our office to put your proxy bidding in (800-300-6852). You will need to know the Lot# and your top bid for the item. We will also need to secure a 25% deposit from you before the auction begins.

Inspecting the Merchandise

Before the bidding process starts you'll have an opportunity to inspect each lot. Our staff will be available if you have any questions. All items sold at an auction are sold "as is" and "with all faults" so it's your responsibility to know what you are buying. Some auctions will have digital pictures available for each lot. This is especially valuable if you want to bid on merchandise via the Internet or by proxy and cannot personally inspect the item(s) prior to sale.

Deposits & Final Payments

You may make deposits and final payments only in cash, by cashier's check, by wire transfer, or with a personal or company check accompanied by a bank letter of guarantee (see above on right hand side). A letter of guarantee ensures us that your bank will guarantee your personal or company check up to specified amount. This is the most convenient way to make deposits and final payments. Sales tax for the state in which the auction is held will be applied unless the items or purchaser are exempt. The burden of proof for exemptions is on the buyer. All sales taxes will be collected unless the buyer fills out the proper documentation.

Picking Up Your Purchase

When you've finished bidding, return to the registration office to complete your final payment. You must make payment in full to receive a bill of sale. You may pick-up your items only after the auction has been completed and when accompanied by your paid bill of sale. Remember all items must be removed within announced specified time. If your items require special handling or rigging, our staff can help you make arrangements. Should you have any more questions please call our office or consult with our staff at the sale site. We want to make your auction experience both enjoyable and financially rewarding. We appreciate your patronage and attendance and wish you good luck.
Internet Bidding
If you are a winning bidder on the internet, it is your responsibility to get any tax exemption information to us hopefully prior to invoicing. You can fax your state's exemption certificate to (860) 623-9160. Please note name of auction on it.

Please note all items must be paid for within 24 hours of receiving your invoice.

Terms and Conditions
These are the complete and only terms and conditions on which all property is offered for sale. By bidding in this auction, prospective bidders agree to be bound by the following:

Registration

All prospective bidders must provide accurate and complete personal information prior to the auction, including name, company name, mailing address and phone number, and credit card information (for internet bidders). First time internet bidders must first register on-line with Bidspotter at bidspotter.com and then register on-line for the specific CRG auction. Internet bidders that have already registered with Bidspotter can register directly for the specific CRG auction.

Deposit

To register online for any auction, Capital Recovery Group, LLC reserves the right to require a deposit upon registration including credit card deposits and holds on the credit card for a minimum of $500.00 USD. All deposits are refundable. Capital Recovery Group, LLC reserves the right to charge any buyers credit card for purchases made at the sale including all fees associated therewith if there is no communication between buyer and Capital Recovery Group, LLC. We will make multiple attempts to contact buyer prior to charging the credit card associated with the account. To register for any live auction onsite, bidders must provide a refundable deposit in the amount determined by CRG and either posted onsite or requested by a CRG representative, in the form of cash, cashier’s check, wire transfer, company check with a Bank Letter of Guarantee, and when applicable, VISA, MasterCard, or American Express credit card payable to CRG. The foregoing amount shall be increased, as determined by CRG, to an amount warranted by the value of the sale, but in no event greater than 25% of the Purchase Price, if Buyer is the successful bidder of the Purchased Items which shall be paid at the time Buyer becomes the winning bidder of the Purchased Items. If Buyer is the winning bidder for the Purchased Items, the refundable deposit set forth in the first sentence of this Section 11 shall become non-refundable and such amount together with the increased deposit set forth in the second sentence of this Section 11, shall be applied toward payment of the Purchase Price and the provisions of Section 1 will control. To register for the online component of any live auction conducted by Bidspotter™ bidders will be required to submit a valid VISA, MasterCard, or American Express credit card and complete the online registration information. The credit card will not be charged except in the event of failure to pay.

Terms of Sale

By using or accessing any CRG services (including internet services), you agree that you have read and understood these terms and conditions and are bound by them. You may not use or access any CRG services if you do not agree to these terms and conditions. If you do not understand any terms and conditions, contact CRG at (860) 623-9060.

Buyer's Premium

CRG will charge and retain a non-negotiable buyer's commission ("Buyer's Premium") on the proceeds of any sale based on the final and accepted bid for the Purchased Items. The Buyer's Premium will be 18%.

Taxes

All applicable sales taxes apply. Buyer is responsible for providing documentation necessary for exemption or refund of sales tax paid.

Payment

If Buyer is the winning bidder for the Purchased Items, full payment of the purchase price for the Purchased Items due to CRG (the “Purchase Price”), must be made in United States Dollars, and must be made on the day of sale as set forth in the invoice sent to Buyer at the end of the auction (the “Invoice”). Payment is due and payable in cash, by cashier’s check, wire transfer, company check with a Bank Letter of Guarantee, or when applicable, VISA, MasterCard, or American Express credit card payable to CRG. For any Purchased Items paid in cash with a value of $10,000 or greater, Buyer is required to complete United States Treasury Form Number 8300 and return it to CRG at the time of purchase. Buyer shall pay CRG a late penalty on all amounts over 30 days past due computed at the greater of (i) 18% per annum, and (ii) the maximum rate permitted by applicable Connecticut law. If Buyer fails to pay the Purchase Price in accordance with these Sale Terms, Buyer agrees that it remains responsible for payment of the Purchase Price and CRG shall have the right to commence all legal actions against Buyer for collection of the entire Purchase Price amount. Buyer shall also be liable for any and all costs and expenses incurred by CRG arising out of or in connection with CRG’s efforts to collect any unpaid amounts hereunder including, without limitation, attorney or collection agency fees and expenses. No forbearance, indulgence, or delay by CRG in taking any action hereunder shall be deemed a waiver of any rights of CRG hereunder. Until CRG has received payment in full of the Purchase Price, the Rigger Equipment Removal and Site Access Agreement executed by the rigger named therein, CRG, the owner of the Real Property and Buyer (the “Rigger Removal Agreement”), if applicable, and any other documents required by CRG, Buyer shall have no right to dismantle or remove any of the Purchased Items from the real property located at the auction site (the “Real Property”).

Catalog Descriptions

Neither CRG nor the Owner make any representations, warranties or guarantees, expressed or implied, as to the genuineness, authenticity, quantity, quality, condition, usability, salability, weight, measure, count, make, model, year, age, mechanical condition, performance, description, or other specifications of any items upon which Buyer will be bidding or in any lot(s). Neither CRG nor the Owner shall be liable for any fault or defect in any lot(s). CRG shall not be held liable for any inaccurate, incomplete or incorrect description, of any items or lot(s) upon which Buyer will be bidding, or in any media pertaining to the auction, whether in a catalog, advertisement, website listing, or otherwise. Descriptions of items are prepared FOR GUIDE PURPOSES ONLY and shall not be relied upon by the Buyer for accuracy or completeness. BUYER ACKNOWLEDGES THAT NO REPRESENTATIVE OF CRG HAS AUTHORITY TO MAKE ANY REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE PURCHASED ITEMS. THE PURCHASED ITEMS SOLD BY CRG HEREUNDER ARE SOLD “AS IS”, “WHERE IS”, AND WITHOUT REPRESENTATION, WARRANTY OR RECOURSE OF ANY KIND OR NATURE. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, ALL IMPLIED OR EXPRESS WARRANTIES ARISING UNDER THE UNIFORM COMMERCIAL CODE OR UNDER ANY OTHER APPLICABLE LAW INCLUDING THOSE OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE HEREBY DISCLAIMED BY CRG AND OWNER IN THEIR ENTIRETY. IN ADDITION, CRG AND OWNER MAKE NO REPRESENTATIONS OR WARRANTIES AS TO THE TITLE, POSSESSION, QUIET ENJOYMENT, LOCATION OR COMPLETENESS OF THE PURCHASED ITEMS

How do I bid on the internet? (when available)

CRG will accept bids from Buyers who wish to bid, but cannot attend the auction. The bids must be placed online at www.Bidspotter.com. All bids will be recorded and synced with those bids received onsite in real time, with the highest bid price, winning the item(s), regardless of being placed online or onsite. Any taxes and/or Buyer’s Premium will be added to the winning bid price. Buyers who choose to bid at any auction online using Bidspotter.com shall do so at their own risk. CRG cannot guarantee the transmission of online bids when situations or circumstances beyond CRG’s control interfere with the normal operation of Bidspotter.com. CRG has no responsibility or liability for items lost at auction due to any system malfunction of Bidspotter.com. It is the responsibility of the Buyer to follow instructions of Bidspotter.com to properly operate the online bidding system.

After the Auction

Title shall pass to Buyer upon the satisfactory completion of all of the following: (i) CRG’s receipt of full payment for the Purchased Items in accordance with these Sale Terms; (ii) the Purchased Items have been removed from the Real Property in compliance with the Rigger Removal Agreement, if applicable; (iii) all damage, if any, to the Real Property and to any other personal property located at the Real Property caused by removing the Purchased Items has been repaired to the satisfaction of CRG and the owner of the Real Property; (iv) Buyer shall not be in breach of any of items set forth in these Sale Terms.

Shipping

Buyer or its authorized agent is responsible for removal of equipment by the Removal Deadline in accordance with all applicable terms and conditions.

Removal

Purchased Items can only be removed from the Real Property within the removal time as announced at the sale and as indicated on the Invoice (the “Removal Deadline”). No Purchased Items can be removed, segregated, or dismantled by Buyer before the conclusion of the auction. Prior to removal of any Purchased Items, the entire Invoice for all Purchased Items must be paid in full in order to gain access to the Real Property. Buyer must present a representative of CRG with an original Invoice marked “PAID” and a fully executed Rigger Removal Agreement, if applicable.

Removal Hours and Dates

Removal hours, dates and deadlines will be posted and/or announced for each sale and will be strictly adhered to. All purchases must be completely removed no later than the date specified. NO MERCHANDISE WILL BE RELEASED DURING THE AUCTION SALE OR WITHOUT PAYMENT IN FULL. Buyer is responsible for arranging for packing and shipping of all lots purchased and paying for all shipping and handling charges. Buyer expressly assumes all responsibility to secure all safety equipment and to meet all applicable local, state and governmental safety standards in using or removing any items purchased. Regular removal hours are 8:00 a.m. - 4:00 p.m. Monday thru Friday. Specific dates are set for each sale. These dates and times are strictly adhered to.

Riggers and Movers

All contracted riggers and movers must have an insurance certificate on file with CRG with a minimum of $2,000,000 in comprehensive liability insurance written by an insurance carrier of national standing in form, scope and content acceptable to CRG in its sole discretion and which names CRG and, if applicable, Consignor, as additional insured(s) and lists as the location the auction location, before any item may be removed. Insurance certificates should be faxed to our office at (860) 623-9160 prior to any handling or removal of items. IN ADDITION, the Rigger Equipment Removal and Site Access Agreement must be signed by the Rigger, Buyer and Seller and a copy must be in possession of CRG. You may find this agreement here.

Removal Procedures

Pay your invoice in full. You will then be given 2 copies of your invoice. Return to the auction site during the removal hours with the pick-up copy of your invoice. The CRG representative will allow you to remove all of the items you purchased at the auction. If you are unable to remove all of your items in one day, bring the original pick-up copy of your invoice when you return. This is the only way for CRG to be sure of which items you have already removed. Payment Deadline: Within one (1) business day after invoice date.

Additional Check-Out Procedures

TERMS AND CONDITIONS OF SALE These Terms and Conditions of Sale (“Sale Terms”) govern all items which are offered for sale by CAPITAL RECOVERY GROUP, LLC (“CRG”) and any of its employees, agents, designees, affiliates, joint venture partners, and co-auctioneers (together with CAPITAL RECOVERY GROUP, LLC, collectively, "CRG") to a buyer (the “Buyer”) of any machinery, equipment or other personal property items offered by CRG and purchased by Buyer (collectively, the “Purchased Items”).  The owner of the items upon which Buyer will be bidding may be owned either by CRG or by another entity who has retained CRG to sell such items (the “Owner”).  CRG reserves the right to modify these Sale Terms at any time and any such modification shall become part of these Sale Terms.  By registering at the auction, onsite or online, the Buyer agrees that it has read and fully understands these Sale Terms and agrees to be bound by these Sale Terms.

1. Payment.  If Buyer is the winning bidder for the Purchased Items, full payment of the purchase price for the Purchased Items due to CRG (the “Purchase Price”), must be made in United States Dollars, and must be made on the day of sale as set forth in the invoice sent to Buyer at the end of the auction (the “Invoice”).  Payment is due and payable in cash, by cashier’s check, wire transfer, company check with a Bank Letter of Guarantee, or when applicable, VISA, MasterCard, or American Express credit card payable to CRG.  For any Purchased Items paid in cash with a value of $10,000 or greater, Buyer is required to complete United States Treasury Form Number 8300 and return it to CRG at the time of purchase.  Buyer shall pay CRG a late penalty on all amounts over 30 days past due computed at the greater of (i) 18% per annum, and (ii) the maximum rate permitted by applicable Connecticut law.  If Buyer fails to pay the Purchase Price in accordance with these Sale Terms, Buyer agrees that it remains responsible for payment of the Purchase Price and CRG shall have the right to commence all legal actions against Buyer for collection of the entire Purchase Price amount.  Buyer shall also be liable for any and all costs and expenses incurred by CRG arising out of or in connection with CRG’s efforts to collect any unpaid amounts hereunder including, without limitation, attorney or collection agency fees and expenses.  No forbearance, indulgence, or delay by CRG in taking any action hereunder shall be deemed a waiver of any rights of CRG hereunder.  Until CRG has received payment in full of the Purchase Price, the Rigger Equipment Removal and Site Access Agreement executed by the rigger named therein, CRG, the owner of the Real Property and Buyer (the “Rigger Removal Agreement”), if applicable, and any other documents required by CRG, Buyer shall have no right to dismantle or remove any of the Purchased Items from the real property located at the auction site (the “Real Property”).

2. Taxes.  Prices do not include any federal, state or local taxes, which are in addition to the Purchase Price and must be paid by Buyer where applicable and may be added by CRG to the Invoice unless Buyer furnishes CRG with an acceptable tax exemption certificate.  In addition, any and all foreign duties and taxes are also the responsibility of Buyer and Buyer hereby indemnifies and holds CRG harmless from any and all claims, costs, expenses and liability incurred by CRG resulting from Buyer’s failure to pay any foreign duties and taxes.  If an acceptable tax exemption certificate is not submitted at the time of payment, Buyer may submit said exemption certificate within ten (10) business days to CRG, and the tax originally paid will be refunded back to the Buyer.  The failure of CRG to include any such federal, state or local taxes does not excuse the Buyer from responsibility for paying any such taxes and Buyer hereby indemnifies and holds CRG harmless from any and all claims, costs, expenses and liability incurred by CRG resulting from Buyer’s failure to pay any federal, state or local taxes.

3. Buyers Premium.  CRG will charge and retain a non-negotiable buyer's commission ("Buyer's Premium") on the proceeds of any sale based on the final and accepted bid for the Purchased Items.  The Buyer's Premium will be 15% for onsite bidders and 18% for purchases made through online bidding.  The Buyer's Premium will be posted on the Real Property and announced prior to the auction.

4. Title.  Title shall pass to Buyer upon the satisfactory completion of all of the following:  (i) CRG’s receipt of full payment for the Purchased Items in accordance with these Sale Terms; (ii) the Purchased Items have been removed from the Real Property in compliance with the Rigger Removal Agreement, if applicable; (iii) all damage, if any, to the Real Property and to any other personal property located at the Real Property caused by removing the Purchased Items has been repaired to the satisfaction of CRG and the owner of the Real Property; (iv) Buyer shall not be in breach of any of items set forth in these Sale Terms. 5. INSPECTION.  BUYER SHALL BE DEEMED TO HAVE RELIED ENTIRELY UPON ITS OWN INSPECTIONS AND INVESTIGATIONS OF ALL OF THE ITEMS UPON WHICH BUYER WILL BE BIDDING AND/OR PURCHASING.  BUYER HEREBY ACKNOWLEDGES THAT BUYER AND BUYER’S AGENTS OR REPRESENTATIVES HAVE HAD THE OPPORTUNITY TO INSPECT, OR HAVE INSPECTED, ALL OF THE ITEMS UPON WHICH BUYER WILL BE BIDDING AND/OR PURCHASING.  BUYER AGREES THAT BY SUBMITTING A BID FOR ANY ITEM, BUYER SHALL BE DEEMED TO HAVE INSPECTED ALL OF THE ITEMS UPON WHICH BUYER WILL BE BIDDING AND/OR PURCHASING.  AFTER A SALE OF PURCHASED ITEMS HAS BEEN CONFIRMED, THE BUYER SHALL BE DEEMED TO HAVE INSPECTED ALL PURCHASED ITEMS AT THE TIME OF SALE CONFIRMATION. 6. Acceptance by Buyer.  Buyer agrees that its acceptance of the Purchased Items shall constitute an acknowledgment by Buyer that the Purchased Items satisfies any and all obligations of CRG hereunder.  Buyer may not revoke its acceptance for any reason whatsoever. 7. Safety Standards.  Buyer expressly assumes all responsibility to obtain all safety equipment and to meet all applicable local, state and federal laws, regulations and standards in removing any of the Purchased Items.  Buyer further agrees to comply with the Rigger Removal Agreement, if applicable. 8. Removal of Purchased Items.  Purchased Items can only be removed from the Real Property within the removal time as announced at the sale and as indicated on the Invoice (the “Removal Deadline”).  No Purchased Items can be removed, segregated, or dismantled by Buyer before the conclusion of the auction.  Prior to removal of any Purchased Items, the entire Invoice for all Purchased Items must be paid in full in order to gain access to the Real Property.  Buyer must present a representative of CRG with an original Invoice marked “PAID” and a fully executed Rigger Removal Agreement, if applicable. 9. Failure to Remove Purchased Items/Bankruptcy.  If Purchased Items are not removed by the Removal Deadline (i) such Purchased Items will be deemed abandoned by the Buyer, (ii) Buyer shall forfeit all monies paid to CRG for such Purchased Items, and (iii) Buyer shall forfeit any rights to such Purchased Items.  In addition, Buyer shall be responsible for all damages suffered by CRG, including, but not limited to, any dismantling, transportation, storage or other costs, including attorneys’ fees and expenses incurred by CRG as a consequence of Buyer’s failure to remove such Purchased Items.  Buyer hereby grants to CRG a security interest in the Purchased Items to secure Buyer’s obligation to remove the Purchased Items from the Real Property not later than the Removal Deadline and in compliance with the terms of the Rigger Removal Agreement, if applicable.  Buyer hereby authorizes CRG the right to file and/or record such documents and financing statements as are necessary or useful to perfect such security interest in the Purchased Items as provided in this Section 9, and Buyer shall execute and deliver to CRG such documents as requested in connection therewith.  In the event Buyer fails to remove the Purchased Items on or before the Removal Deadline, CRG shall have the right to foreclose its security interest in the Purchased Items by a public or private sale in accordance with applicable law.  In addition, in the event any one or more of the following shall occur, any and all obligations of CRG hereunder, including without limitation, any obligations to Buyer in respect of the Purchased Items shall immediately terminate and without further action by CRG:  (a) Buyer files a voluntary petition in bankruptcy or a bankruptcy petition is filed against Buyer; (b) Buyer becomes insolvent or makes an assignment for the benefit of its creditors; or (c) Buyer discontinues its business or a receiver is appointed for Buyer or its business. 10. Integration; Modifications.  Buyer acknowledges that these Sale Terms, the Invoice, the Rigger Removal Agreement, if applicable, a bill of sale, if applicable, and all attachments and exhibits hereto and thereto, (a) are the only terms and conditions of sale for the Purchased Items, (b) are intended by the parties as a complete and exclusive statement of the terms of their agreement in respect of the Purchased Items, and (c) supersede all prior agreements, written or oral in respect of the auction and Purchased Items, except for any and all announcements made by the auctioneer on the day of the auction concerning the Sale Terms, which Buyer acknowledges and agrees to be bound.  Any variation from the terms hereof contained in the Buyer’s acceptance of the Purchased Items is hereby rejected. 11. Auction Registration; Deposit.  To register for any live auction onsite, bidders must provide a refundable deposit in the amount determined by CRG and either posted onsite or requested by a CRG representative, in the form of cash, cashier’s check, wire transfer, company check with a Bank Letter of Guarantee, and when applicable, VISA, MasterCard, or American Express credit card payable to CRG.  The foregoing amount shall be increased, as determined by CRG, to an amount warranted by the value of the sale, but in no event greater than 25% of the Purchase Price, if Buyer is the successful bidder of the Purchased Items which shall be paid at the time Buyer becomes the winning bidder of the Purchased Items.  If Buyer is the winning bidder for the Purchased Items, the refundable deposit set forth in the first sentence of this Section 11 shall become non-refundable and such amount together with the increased deposit set forth in the second sentence of this Section 11, shall be applied toward payment of the Purchase Price and the provisions of Section 1 will control.  To register for the online component of any live auction conducted by Bidspotter™ bidders will be required to submit a valid VISA, MasterCard, or American Express credit card and complete the online registration information.  The credit card will not be charged except in the event of failure to pay. 12. Online Bids.  CRG will accept bids from Buyers who wish to bid, but cannot attend the auction.  The bids must be placed online at www.Bidspotter.com.  All bids will be recorded and synced with those bids received onsite in real time, with the highest bid price, winning the item(s), regardless of being placed online or onsite.  Any taxes and/or Buyer’s Premium will be added to the winning bid price.  Buyers who choose to bid at any auction online using Bidspotter.com shall do so at their own risk.  CRG cannot guarantee the transmission of online bids when situations or circumstances beyond CRG’s control interfere with the normal operation of Bidspotter.com.  CRG has no responsibility or liability for items lost at auction due to any system malfunction of Bidspotter.com.  It is the responsibility of the Buyer to follow instructions of Bidspotter.com to properly operate the online bidding system. 13. Bidding.  If any dispute arises between two or more bidders, the auctioneer has the right in its sole and absolute discretion to determine the winning bidder or to re-offer and resell the item or lot in dispute.  CRG shall have no liability arising from any dispute between two bidders.  CRG reserves the right to group one or more lots into one or more selling items or lots, or to add to or delete items or lots at its sole discretion.  CRG reserves the right to set the bidding increments.  CRG also reserves the right to reject any bid which is only a fractional advance over the preceding bid.  CRG, or the owners, reserves the right to set and/or to modify a minimum price. 14. Hazardous Materials.  Buyer acknowledges that Purchased Items may contain Hazardous Materials.   BUYER HEREBY INDEMNIFIES, DEFENDS, PROTECTS AND HOLDS HARMLESS, THE INDEMNIFIED PARTIES FROM AND AGAINST ANY AND ALL CLAIMS, DAMAGES, LIABILITIES, ACTIONS, CAUSES OF ACTION, COSTS AND JUDGMENTS, INCLUDING WITHOUT LIMITATION, ATTORNEYS’ FEES, ARISING FROM OR RELATING TO ANY RELEASE OF ASBESTOS, PCBS OR OTHER HAZARDOUS MATERIALS IN CONNECTION WITH THE REMOVAL AND TRANSPORTATION OF THE PURCHASED ITEMS FROM THE REAL PROPERTY.  As used in these Sale Terms “Hazardous Materials” means (a) substances that are defined or listed in, or otherwise classified pursuant to, any applicable laws or regulations as “hazardous substances,” “hazardous materials,” “hazardous wastes,” “toxic substances,” or any other formulation intended to define, list, or classify substances by reason of deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity, reproductive toxicity, or “EP toxicity,” (b) oil, petroleum, or petroleum derived substances, natural gas, natural gas liquids, synthetic gas, drilling fluids, produced waters, and other wastes associated with the exploration, development, or production of crude oil, natural gas, or geothermal resources, (c) any flammable substances or explosives or any radioactive materials, and (d) asbestos in any form or electrical equipment that contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of 50 parts per million.  As used in these Sale Terms, “Indemnified Parties” means collectively CRG, the owner of the Real Property, the Owner and their respective managers, officers, directors, shareholders, members, agents, attorneys, employees, successors and assigns. 15. Buyer’s Responsibility and Indemnity.  Buyer acknowledges the Real Property where items upon which Buyer may be bidding are located, held or presented for inspection, may be potentially dangerous places which may include noxious, corrosive and pressurized substances being present, heavy equipment being operated, and live electric circuits.  Buyer and its agents and representatives present at the Real Property before, during or after an auction shall be deemed to be present at their own risk.  Buyer further acknowledges that CRG shall have no liability for any injuries sustained to Buyer and its agents and representatives, nor damages to or loss of property which may occur from any cause whatsoever.  Removal of Purchased Items shall be at the sole expense, risk and liability of the Buyer.  In addition, all freight and insurance charges are the responsibility of Buyer unless otherwise agreed by CRG and Buyer in writing.  Buyer shall be responsible for and pay all expenses, losses and damages that may arise from the removal and transportation of the Purchased Items from the Real Property, and all losses, damages, debts and liabilities incurred by Buyer in connection with Buyer’s purchase and removal of the Purchased Items and all other expenses relating or incidental thereto.  BUYER HEREBY INDEMNIFIES, DEFENDS, PROTECTS AND HOLDS HARMLESS, THE INDEMNIFIED PARTIES FROM AND AGAINST ALL SUITS, CLAIMS, COSTS, DAMAGES AND EXPENSES, INJURIES TO ANY PROPERTY OR PERSONS (INCLUDING DEATH) INCLUDING, WITHOUT LIMITATION, ATTORNEYS’ FEES, ARISING OUT OF OR IN CONNECTION WITH BUYER’S ATTENDANCE AT THE AUCTION, VISITS TO THE REAL PROPERTY, PURCHASE, OWNERSHIP, DISMANTLING, REMOVAL FROM THE REAL PROPERTY, TRANSPORTATION, REASSEMBLY, USE AND/OR RESALE OF THE PURCHASED ITEMS, OR THE PERFORMANCE OF ANY OF THE OBLIGATIONS OF BUYER. 16. No Warranties.  Neither CRG nor the Owner make any representations, warranties or guarantees, expressed or implied, as to the genuineness, authenticity, quantity, quality, condition, usability, salability, weight, measure, count, make, model, year, age, mechanical condition, performance, description, or other specifications of any items upon which Buyer will be bidding or in any lot(s).  Neither CRG nor the Owner shall be liable for any fault or defect in any lot(s).  CRG shall not be held liable for any inaccurate, incomplete or incorrect description, of any items or lot(s) upon which Buyer will be bidding, or in any media pertaining to the auction, whether in a catalog, advertisement, website listing, or otherwise.  Descriptions of items are prepared FOR GUIDE PURPOSES ONLY and shall not be relied upon by the Buyer for accuracy or completeness. BUYER ACKNOWLEDGES THAT NO REPRESENTATIVE OF CRG HAS AUTHORITY TO MAKE ANY REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE PURCHASED ITEMS. THE PURCHASED ITEMS SOLD BY CRG HEREUNDER ARE SOLD “AS IS”, “WHERE IS”, AND WITHOUT REPRESENTATION, WARRANTY OR RECOURSE OF ANY KIND OR NATURE.  WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, ALL IMPLIED OR EXPRESS WARRANTIES ARISING UNDER THE UNIFORM COMMERCIAL CODE OR UNDER ANY OTHER APPLICABLE LAW INCLUDING THOSE OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE HEREBY DISCLAIMED BY CRG AND OWNER IN THEIR ENTIRETY.  IN ADDITION, CRG AND OWNER MAKE NO REPRESENTATIONS OR WARRANTIES AS TO THE TITLE, POSSESSION, QUIET ENJOYMENT, LOCATION OR COMPLETENESS OF THE PURCHASED ITEMS. 17. Default/Non-Compliance.  In addition to the matters set forth in Section 1 above, if Buyer fails to pay the Purchase Price for any of the Purchased Items, CRG may resell such items at a public or private sale without further notice.  If, at such a sale, such item(s) is sold for a lesser price; the defaulting Buyer will be responsible to pay for the difference together with all charges, fees and/or expenses, including but not limited to, the cost of removal and resale of the abandoned item(s), commissions, and legal fees incurred by CRG as a result of resale. 18. Limitation of CRG's Liability.  CRG shall not be liable to Buyer for any damages, including, without limitation, incidental, consequential, exemplary, treble or special damages or damages for breach of contract, tort (including negligence), strict liability, patent infringement or otherwise arising out of or in any way related to the (i) auction, (ii) Purchased Items or any act or omission of CRG concerning the Purchased Items, (iii) removal and/or delivery of any Purchased Items from the Real Property, or (iv) dismantling, removal, transport, reassembly, use, operation, maintenance, or repurchase and/or resale of the Purchased Items by any person. 19. Acts of Others. CRG is not responsible for the acts or omissions of (i) of any party who provided any items to the auctioneer for sale, (ii) owner or lessor of the Real Property, or (iii) any party who provides services to the auctioneer and/or Buyer, including, but not limited to telecommunication, internet bidding services, removal, rigging, or shipping, of Purchased Items. 20. Headings.  The section headings in these Sale Terms are inserted for convenience only and are not intended to modify or define any term or provision of these Sale Terms. 21. Governing Law; Jurisdiction.  THESE SALE TERMS SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CONNECTICUT WITHOUT GIVING EFFECT TO PROVISIONS FOR CHOICE OF LAW THEREUNDER.  EACH OF THE PARTIES HERETO AGREES THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THESE SALE TERMS SHALL BE TRIED AND LITIGATED ONLY IN THE STATE COURTS AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE HARTFORD COUNTY, CONNECTICUT. 22. Severability.  If any provision of these Sale Terms is deemed illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining parts, shall not be affected.
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