By Order Of:
Pristine and State-of-the-Art German Electronic EMS Facility
(7) Siemens Placement Machines and (500+) Feeders
(200+) Pieces of Electronic Test & Measurement
Microscopes, Work Benches, Racking, Forklifts & More
(DZSG0222)

Auction Type
Date & Time
Auction Opens: Tuesday, February 8th, 2022 at 9:00 AM (CET) 
First Lot Begins to Close: Thursday, February 10th, 2022 at 11:00 AM (CET)
Inspection/Preview
Available by Appointment Only
Currency
Euro
Payment Instructions
Payment is due within 48 hours of receiving invoice by wire transfer

There will be a delay in the invoicing process. Please  allow 24-48 hours to receive your invoice.

If you are within the EU Please email service@thebranfordgroup.com your VAT number

 

The payment instructions will be on your invoice. 


Buyers Premium
18% BP for buyers paying via Wire Transfer will apply to your purchase
(Example: a 100 purchase paying by wire transfer the total with BP is 118)
Featured Items
Screen Printer:
  • DEK Horizon Screen Printer
Placement Machines:
  • (2) 2008 Siemens SiPlace S27 HM Placement Machines
  • 2008 Siemens SiPlace F5 HM Placement Machine w/ Siemens WPW/3-830
  • 2006 Siemens SiPlace F5 HM Placement Machine
  • (2) 2004 Siemens SiPlace S27 HM Placement Machines
  • 2005 Siemens SiPlace F5 HM Placement Machine w/ Siemens WPW/3-830
Siemens Feeders / Accessories:
  • (500+) Siemens Feeders
  • 2012 FeedMaster FHD Feeder Setup Station
  • (50+) Portable Siemens Feeder Carts
  • (4) Feeder Storage Racks
Ovens:
  • 2009 Rehm VX Nitro 3500 Reflow Oven
  • 2005 Rehm V8 Nitro 3.2B Reflow Oven
SMT Support:
  • 2013 SEHO Systems 2340F Lead-Free Wave Soldering Machine
  • ASYS Bare Board Loaders / Unloaders & Conveyors
  • Pacha Board Stacker
  • (2) 2011 Kardex SHUTTLE 1650X825 Vertical Storage Systems
  • (10) Bellheimer SHUTTLE 1250X825 Vertical Storage Systems
  • SuperDry Storage Cabinets
Test & Measurement:
  • Large Quantity of Electronic Test & Measurement Equipment: Spectrum Analyzers, Network Analyzers, Oscilloscopes, Power Supplies & Much More!
  • Weiss WK11-600/40 Environmental Chamber
  • TESA Visio V-300 NCC Vision System
  • Fischer Scope XDAL X-Ray System
  • (5+) Mantis Vision Scopes
Facility Support Equipment:
  • (2) Kaeser BS-61 Air Compressors w/ Dryers
  • 2013 Linde Hawker Perfect Plus Forklift
  • Linde E20P-02 Forklift
  • (100+) Sections of Pallet Racking
In Conjunction With:
 
Location
Hannover, Germany
Lot #s:
1 - 678
Inspection/ Preview:
Available by Appointment Only
Sales Tax:
19% Germany VAT will apply
As assurance for a VAT-free invoice we raise a refundable 19% deposit for international buyers (buyers outside of Germany). The refund happens after export proof
Removal:
Removal begins on Monday, February 14th.
All items must be removed by Friday, March 11th
Removal Hours: Monday to Friday, 8:00 AM to 4:00 PM CET – REMOVAL BY PRIOR APPOINTMENT ONLY

Small, hand-held carry items must be removed within the first 48 hours of removal. The Branford Group is not responsible for missing items after that time period.
*Rigging/Shipping:

Gerritsen Projects BV
sales@gerritsengroup.com
Tel: +31(0)13 5302099

 



Note: TBG is not the Shipper.

*The Branford Group does not pack, ship, store, crate or rig items. Buyers may either pick up their items at the designated auction site personally or can arrange for a third party logistics firm to manage the removal process for them. If someone other than the registered buyer at the sale is designated to pick up those purchased assets, the buyer must:
1) Contract with an independent logistics firm or other representative who will dismantle, crate, pack, or ship your purchased items.
2) Coordinate the removal of those purchased items to meet the time deadlines indicated on this page.
3) Submit an "Agent Release Authorization" form which will allow The Branford Group to release items to a third party contractor for shipping, crating or packing purposes. Since The Branford Group does not ship the items, we do not obtain/prepare any export licenses/documents. *The Branford Group finds and displays one or more local logistics service providers who understand our removal process, offer specific services, and have certain skills and capacities. We offer this service to you without representations or warranties of any kind whatsoever.

The Branford Group is not affiliated with any machinery rigging, transport or export company. We provide the names and contact information of available companies solely as a courtesy to our buyers. The Branford Group does not endorse or guarantee the services of any machinery rigging, transport or export company, and cannot be held responsible for any damage, omission or other problems incurred as a result of the actions of those companies. Buyers are encouraged to utilize a service provider of their choice, provided they supply The Branford Group with the required forms and insurance certificates.

Absentee (Proxy) Bids & Accounting Contact:
Please call 203-488-7020
Equipment & Preview Contact:
Please call 203-488-7020
Removal Contact:
Please call 203-488-7020
SALE-SPECIFIC Terms & Conditions

As of: 18 May 2021
A. General Provisions
1. Applicability
1.1 The present terms and conditions (hereinafter: “T&C”) shall exclusively apply to entrepreneurs (Sec. 14 BGB [German Civil Code]), legal entities under public law and special funds under public law (“Contractual Partners”).
1.2 The present T&C shall apply exclusively. Any deviating, complementary or conflicting terms and condi-tions of the Contractual Partner are hereby rejected unless Maynards Europe GmbH (hereinafter “Maynards”) has expressly agreed to them. The above shall also apply to any future business transactions and even if goods are supplied in the knowledge of deviating, complementary or conflicting terms and conditions of the Contractual Partner.
1.3 The present T&C shall be applicable in their respective most recent version (available at our website) or, in any case, in the latest version provided to the Contractual Partner in text form. They shall also apply to any future contractual relationships between Maynards and the Contractual Partner, even if no separate agreement is reached thereon.
1.4 Maynards predominantly sells used or, respectively, not newly manufactured goods - in some cases on its own behalf and in some cases on behalf of third parties, in the form of online auctions, tenders and freely negotiated sales (hereinafter “Sales Transaction(s)”). Depending on the format, in which the re-spective Sales Transaction is concluded, the special provisions of sections B. through D. shall apply in ad-dition to the general provisions of the present section A.:
- To Sales Transactions where Maynards acts as the seller’s agent (the former hereinafter also “Prin-cipal”), the Special Provisions of section B. shall additionally apply. This shall also be the case if Maynards discloses that it represents the Principal but the Principal’s name is not communicated upon conclusion of a contract.
- The provisions of section C. shall additionally apply to Sales Transactions where Maynards acts on its own behalf.
- The Special Provisions of section D. shall additionally apply to online auctions, i.e. sales through the online platform available at the web address “https://auctions.maynards.com” (hereinafter “Auc-tion Platform”).
2. Purchase Price, Buyer’s Premium, Value Added Tax, Provision of Security, Due Date
2.1 The purchase price is exclusive of the statutory sales tax.
2.2 A Contractual Partner whose delivery address is located in a different EU member state shall, contrary to clause 2.1, receive an invoice identifying the purchase as a VAT-free intra-Community supply of goods. The above requires the Contractual Partner to provide a valid foreign VAT identification number granted to it by said other member state to Maynards prior to the conclusion of the purchase contract. In addi-tion, it must submit current copies of an identity document (for legal entities or associations: of the rep-resentatives acting on their behalf). In the event of shipment or transport by the Contractual Partner, the latter shall be obligated to provide to Maynards a valid verification document under Secs. 17b et seqq. UStDV [Regulation implementing the Value Added Tax Act] which unequivocally proves the intra-Community supply of goods. It shall have to provide the proof within seven days as of the passing of risk.
2.3 A Contractual Partner whose delivery address is located in a third country shall, contrary to clause 2.1, receive an invoice identifying the purchase as a VAT-free supply of goods for export. In the event of shipment or transport by the Contractual Partner, the latter shall be obligated to provide to Maynards a valid verification document under Secs. 9, 10 UStDV which unequivocally proves the supply of goods for export. It shall have to provide the proof within seven days as of the passing of risk. 
2.4 In the cases under clause 2.2 and 2.3, the Contractual Partner must provide a security in the amount of the statutory value added tax. Said provision of security is to be used for repayment of the payable value added tax in the event that it turns out that the supply of goods is subject to German value added tax. This may occur if the Contractual Partner fails to comply or comply fully or in a timely manner with the afore-mentioned obligations to provide evidence or notification. The same shall apply if other circumstances occur that result in a liability to pay value added tax. If the requirements for an exemption from VAT are not met, Maynards shall be entitled to cancel the issued (net) invoice and issue a new invoice in which the statutory value added tax is openly stated. Maynards shall be entitled to an inspection period of two weeks for examining the provided documents. If the purpose of the provision of security ceases to apply, Maynards shall be obligated to refund the provision of security within a further two weeks.
2.5 Apart from the obligation to pay the purchase price, the buyer shall be obligated to pay to Maynards a buyer’s premium in the amount of the percentage of the net purchase price stated in each case and the statutory value added tax potentially attributable to the buyer’s premium.
2.6 The purchase price, a potential provision of security according to clauses 2.2 to 2.4 and the buyer’s pre-mium shall be due for payment immediately and without deduction, unless a different term for payment is stipulated in writing.
3. Set-Off, Retention
A set-off or retention by the Contractual Partner shall only be permissible if the alleged counter-right is a claim that is uncontested, non-appealable or ready for decision, or if the Contractual Partner asserts a defect-related counter-right arising from the same contract.
4. Disassembly and Acceptance, Liability to Provide Insurance
4.1 The obligation to disassemble and accept the respective purchased goods constitutes a primary contrac-tual obligation of the Contractual Partner. Unless stipulated otherwise, all purchased goods must be disas-sembled and collected by the Contractual Partner at the respective stated location at the latter’s own risk and expense. The Contractual Partner shall be obligated to make an appointment, which is within the specified time window, or, if no such time window is specified, within two weeks after the conclusion of the contract for disassembling/collecting the purchased goods at the stated location. It shall be a prereq-uisite for collection that the Contractual Partner has fulfilled the obligations incumbent upon it, in par-ticular, that it has made the payment in accordance with clause 2 and provided the proof of liability in-surance in accordance with clause 4.2. 
4.2 The Contractual Partner shall be obligated to maintain a liability insurance with a minimum coverage amounting to EUR 5 million at the time of disassembly/collection which covers any damage caused by it or its vicarious agents during disassembly/collection, and to provide evidence for the maintenance of such liability insurance to Maynards.
5. Default in Payment and Acceptance
5.1 If the Contractual Partner fails to pay within five working days upon receipt of the invoice or by an oth-erwise stipulated later due date, the Contractual Partner shall be in default without a warning letter being required. During the default in payment, the claim shall bear interest at a rate of 9 percentage points above the respective base interest rate.
5.2 If the Contractual Partner is in default with payment or its obligation to disassemble and collect the goods, the seller shall be entitled to withdraw from the purchase contract after the unsuccessful expiry of an appropriate grace period granted to the Contractual Partner. The Contractual Partner’s obligation to pay the buyer’s premium shall remain in force even in the event of such withdrawal, unless the Contractual Partner proves that Maynards has not suffered any or a lower damage only.
5.3 After the unsuccessful expiry of an adequate grace period granted to the Contractual Partner for the disassembly or collection of the goods, the seller shall be entitled to
- have the goods disassembled,
- have the goods stored,
- otherwise dispose of the goods for the account of the Contractual Partner and
- scrap the goods
at the Contractual Partner’s expense.
The seller’s right to withdraw from the contract shall remain unaffected. 
6. Export Control
The respective purchase contract shall be concluded subject to the proviso that the conclusion of the contract and its performance neither violate provisions of the respective applicable law on export con-trol (including sanctions), nor require an authorisation under export control law. The respective pur-chase contract shall further be concluded subject to the proviso that the Contractual Partner, its repre-sentative or a possible end customer is not subject to any national or international embargo measures or sanctions according to the respective applicable law. Maynards or, respectively, the seller shall not bear any responsibility for potential delays due to the investigation of such circumstances. The Contractual Partner shall be obligated to cooperate in this respect.
7. Quality, Warranty
7.1 Unless expressly stated otherwise, all purchased goods shall be used or not newly manufactured goods. Only accessories that are expressly mentioned in the description shall be included in the sale.
7.2 Used or not newly manufactured goods shall be sold as is. The condition upon completion of a specified inspection period shall be decisive; interested parties are therefore urged to inspect the object of pur-chase and examine it themselves. Visual representations shall not be binding and may differ from the original.
7.3 With respect to used or not newly manufactured goods, the buyer’s rights to compensation due to de-fects shall be limited to damages  pursuant to clause 8. The above shall not apply if the seller has fraudu-lently concealed the defect or warranted the quality of the goods.
8. Liability
8.1 Maynards shall be liable to the Contractual Partner pursuant to statutory provisions for any damage caused by an intentional or grossly negligent breach of duty by Maynards, its legal representatives or vi-carious agents - regardless of the legal grounds.
8.2 In cases of a breach of duty due to simple negligence, Maynards shall only be liable
- for damage arising from injury to life, limb or health, and
- for damage arising from the breach of such duties which must be complied with to allow for the proper performance of the contract at all and the compliance of which the Contractual Partner usually relies on and may rely on; in such cases, liability shall, however, be limited to the typical damage that is foreseeable upon conclusion of the contract.
8.3 Liability in accordance with the German Product Liability Act and in cases
- where a warranty or a procurement risk has been assumed and 
- of fraudulent concealment of a defect
shall remain unaffected by the above.
8.4 The above limitation of liability shall also apply to Maynards’ bodies, representatives, employees and other vicarious agents to the same extent.
8.5 If Maynards acts as a Principal’s agent, the limitation of liability according to the above clauses 8.1, 8.2 and 8.3 shall also apply to said Principal accordingly and, corresponding to clause 8.4, to its bodies, rep-resentatives, employees and other vicarious agents.
9. Choice of Law, Place of Jurisdiction
9.1 The laws of the Federal Republic of Germany, excluding international uniform law, in particular the UN Sales Convention, shall apply to all contractual relationships between Maynards and the Contractual Part-ner and to the present T&C.
9.2 If the Contractual Partner is a merchant within the meaning of the German Commercial Code, a legal entity under public law or a special fund under public law, the exclusive place of jurisdiction - including internationally - for any and all disputes arising from or in the context of the contractual relationship be-tween Maynards and the Contractual Partner shall be Starnberg, Germany. Maynard’s right to sue the Contractual Partner at the place of its registered office shall remain unaffected by the above.
B. Special Provisions for Sales Transactions on Behalf of Third Parties
1. Sale without specifying Names
In the event that, prior to or upon the conclusion of a Sales Transaction, only the circumstance is dis-closed to the Contractual Partner that Maynards is acting on behalf of a third party, without the Contrac-tual Partner being informed of the personal information of the seller, the Contractual Partner shall agree not to be informed of the personal information and address of the seller until after the conclusion of the Sales Transaction.
2. No Examination Requirement for Maynards
Maynards shall not bear any separate obligation in relation to the Contractual Partner to examine the ob-jects of purchase and to check the information provided by the seller. The Contractual Partner shall be given the opportunity to examine the object of purchase itself.
C. Special Provisions for Sales Transactions on Maynards’ own Behalf
1. Reservation of Availability
Maynards shall be entitled to withdraw from the contract if, in spite of a correspondingly concluded cov-er transaction with a third party, the respective object of purchase is not provided or not provided in a timely manner by said third party without Maynards being at fault. Maynards shall undertake to notify the Contractual Partner of this circumstance immediately upon becoming aware of it and to refund any pay-ments that have already been made to the Contractual Partner without undue delay.
D. Special Provisions for Online Auctions
1. Requirements for Participation
1.1 Participation shall require free registration on the Auction Platform and admission to the auction by Maynards. Each participant shall have to provide truthful personal details on the registration form and keep the information up to date.
1.2 There shall be no right to registration on the Auction Platform or to an admission to participate in a par-ticular auction. A revocation of the registration, the admission to participate in a particular auction and its revocation shall be at the free discretion of Maynards.
1.3 It shall be the participant’s responsibility to assign a secure password and to keep the assigned password confidential. In the event that the participant has reason to believe that his/her login details have be-come known to an unauthorised third party, he/she shall be obligated to report this to Maynards and to have his/her access blocked via email to europe@maynards.com.
2. Conclusion of Contract
2.1 The lots posted on the Auction Platform shall be understood as a mere invitation to the interested partic-ipants of the auction to submit a legally binding offer of contract by entering a self-determined purchase price (“Bid”) or by using the Buy-now option, if activated, in compliance with the procedure specified by the Auction Platform.
2.2 The respective Bid or the use of the Buy-now option, if activated, shall be irrevocable. The binding nature of the Bid for the respective participant shall cease to apply if a higher Bid is entered by another partici-pant before the end of the auction runtime or if the Buy-now option, if activated, is used by another par-ticipant.
2.3 A possible acceptance of the respective participant’s Bid or Buy-now offer by Maynards shall ensue with-in three working days as of the day following the end of the auction runtime. The note on the Auction Platform stating that the respective user has entered the highest Bid shall not constitute an acceptance of the participant’s offer by Maynards.
2.4 If Maynards only accepts the participant’s offer subject to a reservation, a contract shall only be conclud-ed if Maynards declares the elimination of the reservation within ten calendar days.
2.5 The sending of a pro forma invoice or an invoice shall be considered an acceptance of the offer or, in the event of an acceptance previously declared only subject to a reservation, the elimination of the reserva-tion.
3. Auction Runtime
3.1 Only the system time on the computer system used for operating the Auction Platform shall be decisive.
3.2 If a maximum bid is entered within three minutes before the end of the auction runtime, the auction runtime shall be extended by a further three minutes in each case.
3.3 Maynards reserves the right to shorten the runtime of online auctions or to end online auctions early.
 

Terms & Conditions
**UPDATED OCT 2018**

TERMS OF SALE

Set forth below are the terms and conditions (the "Terms") that shall apply to any purchase by any party (a "Buyer") either directly from Branford Auctions, LLC ("TBG") or in a transaction (a "Transaction") in which TBG serves as broker, agent, liquidator or auctioneer for any third party owner. The Terms apply to all Transactions, including without limitation, public auctions conducted by TBG and direct purchases by Buyer of any item either before, after or independent of any public auction. By using or accessing any and all TBG Services and or Websites you agree your have read and understand the Terms and Conditions stated herein and are bound to these Terms and Conditions. You may not use or bid or access any and all TBG Services if you do not agree to the Terms and Conditions stated herein. If you do not understand any or all the Terms and Conditions herein please contact TBG at 203-488-7020 for further assistance.
TERMS AND CONDITIONS

1. No Warranty. All machinery, equipment, merchandise and other items (the "Goods") are sold on an "AS IS/WHERE IS" basis with no warranties or representations whatsoever either expressed or implied including but not limited to any representation or warranty relating to title, possession, quiet enjoyment or the like in regard to such Goods. . Neither TBG nor the consignor makes any warranties or representations of any kind or nature with respect to the property or its value, and in no event shall they be responsible for correctness of description, genuineness, attribution, provenance, authenticity, authorship, completeness, condition of the property or estimate of it's value. No statement (oral or written) in the catalog, at the auction, or elsewhere shall be deemed such a warranty or representation, or any assumption of responsibility. Prospective bidders are urged to contact TBG directly for detailed information regarding any lot. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE AND MERCHANTABILITY are expressly disclaimed. Please inspect all items before bidding. No sale shall be invalidated and TBG shall have no liability for a misdescription of any article or lot whether contained in a catalog, advertisement or otherwise. Descriptions have been prepared for guide purposes only and shall not be relied upon by the Buyer for accuracy or completeness. Buyers shall be deemed to have relied entirely upon their own inspections and investigations.

2. Registration. Buyers must register prior to bidding at any auction sale and must be of legal capacity to enter into this agreement. All bidders must provide their name, company (if applicable), mailing address and phone number prior to the auction. By registering you represent and warrant any and all Buyer Information is accurate and complete. It is solely the Buyers responsibility to maintain current Buyer Information for completeness and accuracy. TBG reserves the right to deny and or terminate Registrations at any time at its sole discretion without notification. TBG reserves the right to deny usage and access of TBG Services and Websites at any time without notice or liability to any persons or third parties. When applicable, Electronic bidders are required to provide a valid email address. TBG Does not charge a registration fee, but you may need to place a refundable deposit in order to bid electronically.

3. Deposits. TBG requires a deposit of not less than twenty five percent (25%) of the Buyer's TOTAL PURCHASE PRICE by the end of sale day - with the balance due by the end of the next business day. This can be in the form of cash, a cashiers check, or business check with a bank letter of guarantee. For Electronic bidders, at its discretion, TBG may contact bidders via email or telephone before or during the sale to provide a bank letter of guarantee or wire transfer as a deposit or a credit card authorization form. If TBG does not receive a response from its attempts to contact Buyer or if the Buyer does not provide a deposit, TBG reserves the right to refuse or cancel Buyer's bids and re-sell Goods. THE BIDDER AUTHORIZES TBG TO CHARGE LIQUIDATED DAMAGES TO THE CREDIT CARD LEFT ON FILE DURING THE REGISTRATION PROCESS. (See section 9 "Default" below.)

4. Invoices & Payment Instructions. For Onsite and Webcast auctions, winning bidders can request a printed paper invoice from the Accounting Manager at the sale location during or after the sale. Electronic bidders will be sent an electronic invoice to the email address provided during registration. Invoices can be faxed upon request. Detailed payment instructions for each sale are available in the printed lot catalog at the sale location on the day of the sale. Electronic bidders will be sent detailed payment instructions via email along with their invoice.

5. Payments. TBG must receive the balance of the total purchase price no later than the close of business on the day following the auction (the "Final Payment Date"). All payments must be in cash, cashier's or certified check, federal wire transfer of immediately available funds or a corporate check accompanied with a bank letter of guarantee, and all of the foregoing must be in form, scope and substance acceptable to TBG. Credit cards are accepted for payment, Electronic bidding registration and for Liquidated Damages in the event of a default. If paying by credit card, the exchange rate for sales conducted in foreign currencies will be posted the day of the sale and will be based upon the current currency conversion rates. Without limiting TBG's discretion, no corporate checks without a bank guarantee and no personal checks will be accepted. No title shall pass to Buyer until the total purchase price and all Taxes have been paid to TBG in collected funds.

6. Taxes. Buyer must also pay to TBG on or before the Final Payment Date, all sales, export, use and other taxes due to any federal, state or local taxing authority (the "Taxes") as a result of Buyer's purchase, including without limitation, any taxes arising from any Buyer's Premium (as defined below). To receive the benefit of any tax exemption, Buyer must supply TBG with a sales tax exemption certificate acceptable in form, scope and substance to TBG in TBG'S sole discretion.

7. Buyer's Premium. TBG in its sole discretion may impose a buyer's premium ("Buyer’s Premium") on any Goods sold. The Buyer's Premium is a percentage that is added to the final purchase price of any item. TBG shall charge and collect from each successful bidder a buyer’s premium for each sale at the auction, in addition to the purchase price. Rates may vary depending on the auction

8. Removal. (1) Buyers or their Agents must remove all Goods purchased before the final removal date and time announced by TBG at the auction (the "Removal Date"). (2) No Goods shall be removed until the full purchase price and all applicable taxes thereon have been received by TBG in the form required herein. Any Goods not removed on or before the Removal Date shall be subject to storage charges that TBG may in its discretion impose. (3) It is Buyer’s sole cost and expense to remove their purchases. ANY ITEMS NOT REMOVED ON OR BEFORE THE REMOVAL DATE SHALL BE DEEMED ABANDONED AND TBG SHALL HAVE NO FURTHER OBLIGATION TO BUYER WITH RESPECT TO SUCH ITEMS. (See also #8C.)

8A. Buyer shall be responsible for the safe and proper removal of any Goods purchased by Buyer. TBG does not pack, ship, store, crate or rig items. Buyers may either pick up Goods at the designated auction site personally or can contract with a third party agent to manage the removal process for them. Before Goods can be removed by an Agent, Agent must provide TBG with (1) proof of payment in full (Paid In Full Invoice) and (2) an "Agent Release Authorization" form which allows The Branford Group to release items to a third party contractor for shipping, crating or packing purposes.

8B. Goods weighing more than 100 pounds must be removed by a qualified, insured rigger. Before any removal, Buyer must provide TBG with a certificate of insurance from the rigger, which certificate must be in form, scope and content acceptable to TBG in TBG'S sole discretion. Without limiting TBG'S discretion, such certificate must show that the rigger carries comprehensive liability insurance written by an insurance carrier of national standing and in an amount of not less than two million dollars ($2,000,000.00). Without limiting the generality of the foregoing, Buyer shall restore and repair all real and personal property that is altered or damaged as a result of Buyer's removal of the Goods. TBG shall have no responsibility to disconnect utilities to the sold asset, including electric, gas, waste and water lines. Buyer is solely responsible to properly remove and store in appropriate containers all fluids, oils, hazardous chemicals, etc., from machinery purchased. Buyer does hereby indemnify TBG, the owner of the Goods and the owner of the premises in which the Goods are located, from any and all claims, damages, and losses arising from Buyer's actions or actions with respect to the Goods and Buyer's presence on the premises in which the Goods are located, including without limitation, injuries to persons or property and environmental violations or contamination. Risk of loss on any Goods shall pass to the Buyer upon payment in full to TBG of all sums due from Buyer in respect to the Goods.
8C. Small Lot Removal. TBG shall have no responsibility whatsoever for any missing or lost items that can be removed by hand if such items have not been removed within forty-eight (48) hours of the conclusion of the sale. There will be NO removal of any lots until the auction is complete.

9 Default. Bidders must bid only on those items they are prepared to pay for and remove in accordance with the terms and conditions of this sale. All items awarded to high bidders are contractually theirs and must be paid for by the Final Payment Date and removed by the Final Removal Date. IN THE EVENT PURCHASER FAILS TO PERFORM CONTRACTUAL OBLIGATIONS (PAYMENT AND REMOVAL) AS SPECIFIED IN THIS INVITATION TO BID, THE FOLLOWING ACTION APPLIES: PURCHASER WILL AUTOMATICALLY BE PLACED IN DEFAULT. THIS IS YOUR OFFICIAL NOTICE OF DEFAULT. Upon default, the purchaser shall lose all right, title, and interest which he/she might otherwise have acquired in and to such property as to which default has occurred. TBG will re-market and re-sell this property.

9A. Payment Default. Failure to pay invoices in full by the Final Payment Date in accordance with payment terms will subject Bidder to pay as Liquidated Damages a sum equal to the lesser of (1) 20 percent of the invoice price of the item(s) as to which the default has occurred, or (2) the full amount of the difference between the original invoice price and the re-sold price plus any expenses incurred to re-market or re-sell these items. IF TBG HAS NOT RECEIVED PAYMENT FOR WINNING BIDS WITHIN 24 HOURS OF THE FINAL PAYMENT DATE, THE BIDDER AUTHORIZES TBG TO CHARGE LIQUIDATED DAMAGES TO THE CREDIT CARD LEFT ON FILE DURING THE REGISTRATION PROCESS.

9B. Removal Default. Failure to remove items by the Final Removal Date in accordance with removal terms will subject Bidder to pay as Liquidated Damages the full amount of the expenses incurred to store or transport items until they are re-sold. IF BUYER HAS NOT REMOVED ITEMS WITHIN 24 HOURS OF THE FINAL REMOVAL DATE, THE BIDDER AUTHORIZES TBG TO CHARGE LIQUIDATED DAMAGES TO THE CREDIT CARD LEFT ON FILE DURING THE REGISTRATION PROCESS.

10. After Buyer has removed any item from TBG'S possession, TBG shall have no obligation to make any adjustment or accommodation to Buyer because of any mistake in quantity or other defect or problem with respect to such item. Buyer must make all requests for adjustments in writing to TBG before any item is removed from the premises where the auction is conducted.

11. TBG shall not be responsible for any damages, loss or theft of Goods except in the case of TBG's willful misconduct. Without limiting the foregoing, TBG shall not be responsible for damages or losses caused by strikes, civil disorders, or acts of God.

12. Changes. TBG Reserves the right to withdraw or sell any assets contained in an auction prior to or succeeding the stated auction period without notification. TBG Reserves the right to temporarily or permanently end an auction during the stated auction period or extend an auction without notification. If for any reason TBG is unable to deliver any Goods purchased by Buyer, TBG'S sole liability shall be to return all sums paid by Buyer to TBG in respect of such Goods.

13. Minimum or Reserve Prices. TBG, in its sole discretion, reserves the right to establish a reserve or minimum price on any Goods without having to announce post or publish notice to attendees and buyers at any auction. TBG reserves the right to confirm or reject the final bid. Further, The Branford Group, and/or its affiliates or subsidiaries, may bid at the auction either for its own account or on behalf of a third party.

14. Absentee Bids. By completing an "Absentee (Proxy) Bidder Form," Bidders may appoint TBG to be an agent and proxy for the sole purpose of purchasing the items listed when the Bidder CANNOT bid on the day of the sale. ALL BIDS ARE FINAL AND BINDING and DO NOT include any applicable buyer's premiums and sales taxes. TBG will bid up to the specified maximum bid amount to win the item, using only the amount needed to win the item. TBG has complete discretion whether and when to accept Proxy bids. The auctioneer's announcements at the time the lot is sold take precedence on any and all published materials. Proxy bidders will be notified only if they have been declared the high bid. Notification will take place in the form of an electronic invoice which will be sent to the email address provided during registration.

15. TBG, in its sole discretion, reserves the right to refuse the bid of any person without providing any notice or reason therefore. TBG reserves the right to deny the usage and access by any person or third party of any and all TBG Services and Websites without notification.

16. TBG, in its sole discretion, shall control all bidding increments and advances at any auction. The Branford Group reserves the right to reject any bid that is only a minimal increase over the preceding bid, that is not commensurate with the value of the item being offered or that The Branford Group believes was made illegally or in bad faith. In the event of a dispute among bidders, The Branford Group may, in its sole discretion, either accept what it deems to be the final bid or solicit further bids on the item in dispute. No returns or refunds will be permitted, unless authorized by the seller in writing.

17. TBG reserves the right, in its sole discretion, to sell items advertised as a public auction sale, on a piece by piece basis or as a complete lot. Without limiting the generality of the foregoing, TBG may accept a complete lot bid and then conduct an item by item auction which auction shall be effective only if the total proceeds there from exceed the amount of the complete bid.

18. All information provided by TBG to Buyers, including without limitation, any advertising, lot sales catalogs or otherwise, is subject to deletions, errors, additions, and changes without notice. Although information is gathered from sources thought to be reliable, TBG shall have no responsibility whatsoever for any information provided to any attendee or buyers. All buyers shall rely solely on their own investigation and inspection of any Goods.

19. TBG reserves the right to amend any and all of the Terms and Agreements stated herein at any time without notification at TBG’s sole discretion. It is the Buyers responsibility to read and review the Terms and Conditions for each sale. TBG provides the Terms and Conditions through its Websites and in printed form at on-site auctions.

20. When TBG is selling or auctioning any Goods on behalf of a third party owner, TBG shall act as an agent only and shall have no liability whatsoever for the acts of any owner/principal.

21. Export Law Compliance. Buyers agree to comply with all US export control and related laws, and acknowledge that TBG is not the exporter of any purchased item. Certain items offered for sale at the auction may constitute "Restricted Technology." Under federal law, such items may not be shipped outside the United States. TBG makes no representation or warranty concerning, and has conducted no investigation to ascertain which items, if any, constitute Restricted Technology. Buyer also agrees not to export any item to countries which are subject to comprehensive embargoes or support terrorism. These countries include, but are not limited to: Cuba, Iran, North Korea, Sudan and Syria. The list will change from time to time,

22. Auction Sites. Buyers acknowledge that an auction site is a potentially dangerous place, Flammable, noxious, corrosive and pressurized substances may be present. Heavy equipment may be operated and electrical circuits may be live. Every person enters the auction site at his or her own risk with notice of the condition of the premises and the activities that will be or have been conducted on the premises. No person shall have any claim against TBG, the seller or their respective agents for any injuries sustained or for damages to or loss of property that may occur at the auction site.

23. TBG Rights and Remedies. If the Buyer fails to comply with any of the Terms, TBG shall have all rights and remedies available to it at law and in equity. Without limiting the generality of the foregoing, TBG may retain all deposits and partial payments received from Buyer and may resell any Goods that Buyer fails to purchase. Buyer shall be responsible for all costs, losses, and damages suffered by TBG (i) as a result of Buyer's breach of any of the Terms, including without limitation, lost profits and consequential damages, and (ii) incurred in connection with the enforcement of TBGS' rights, including, without limitation, legal fees and costs and expenses related to the resale of Goods, including storage and rigging fees.

24. Website Usage. The following is specific to the access and usage of TBG Websites including and not limited to any and all features and applications:
    1. Each Registrant will specify a unique User Name and Password and it is solely the responsibility of the Registrant to maintain the confidentiality of this User Name and Password.
    2. Registrants are solely responsible for any and all transactions or transmissions using their User Name and Password
    3. TBG is not responsible for any and all unauthorized or compromised usage of the Registrant’s User Name and Password. Registrants are responsible for contacting TBG in writing for any and all unauthorized usage of their User Name and Password.
    4. Registrants agree they will not:
      1. Disrupt, interfere or create outages to computer networks that directly or indirectly affect TBG Websites.
      2. Falsely misrepresent or impersonate any other person or entity. Registrants are forbidden from misrepresenting a Registrant’s employment by or affiliation with any third party.
      3. Registrants are forbidden from posting, uploading, transmitting, publishing or distributing any and all information that contains viruses, code, files or programs with the malicious intent of affecting TBG Websites.
      4. Registrants agree they will not copy, modify, reproduce, distribute or sell any information or material provided through TBG Websites with the intent of commercially TBG Services and Websites.
    5. TBG is not responsible for any and all products, content, information or material provided by links to or statements regarding third party services. This includes but not limited to riggers, shippers, partners and any third party services listed.
    6. Registrants agree TBG and its affiliates, including partners, officers, directors, employees, agents, shareholders or co-branders, are not responsible for any and all damages, actual or alleged, resulting from the downloading of any information or materials from TBG Websites.

25. No Collusion. Buyers agree they will not participate in any bidding practices with the intent of manipulating the bidding. Any and all forms of collusion between Buyers is forbidden. Buyers agree they will not place bids under false names or Buyer Information.

26. Buyers agree they will defend, indemnify and hold harmless TBG, including its affiliates, directors, officers, employees, agents, shareholders, co-branders, or partners, from and against any and all claim, loss, damage, liabilities, judgments, fees and expenses incurred by TBG, including its affiliates, directors, officers, employees, agents, shareholders, co-branders, or partners, through the use of TBG Services and Websites.

27. Disclaimers. Buyers acknowledge and agree that the internet is an unreliable, unsecured, and error-prone network. TBG cannot and does not guarantee continuous, uninterrupted or secure access to Online bidding service provider or the thebranfordgroup.com web site or that Bidder information, including auction registration and bids, will be transmitted or received in a timely fashion. You agree to hold TBG harmless for any interruptions in Online Bidding services or our website, or your inability to reach or effectively use online bidding service provider or thebranfordgroup.com website. IN NO EVENT SHALL TBG BE LIABLE OR CONSEQUENTIAL OR INCIDENTAL DAMAGES OF ANY KIND INCLUDING, BUT NOT LIMITED TO, ANY LOST PROFITS (HOWEVER ARISING, INCLUDING NEGLIGENCE) ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR THE USE OF ONLINE BIDDING. TheBranfordGroup.com website, including all content, functions, materials, services and information made available on or accessed through online bidding providers or our website, are provided on an “As Is Where Is” Basis without representations or warranties of any kind whatsoever, expressed or implied, including without limitation, non-infringement or fitness for a particular purpose. TBG Does Not Warrant that the service or functions, features or content contained, made available on or accessed through online bidding providers or thebranforgroup.com website, including without limitation any third-party software, products or other materials used in connection with online bidding services or thebranfordgroup.com website, will be timely, secure, uninterrupted or error free, or that defects will be corrected. TBG makes no warranty that online bidding providers or thebranfordgroup.com website will meet your requirements. If you are dissatisfied with the online bidding providers or thebranfordgroup.com website, your sole remedy is to discontinue using the online bidding provider or thebranfordgroup.com website. No advice or information, whether oral or written, obtained by you from TBG or through the online bidding provider or thebranfordgroup.com website shall create any warranty not expressly made in the agreement.

28. Privacy: Information about TBG's privacy policy and how we use your registration information is available here: http://www.thebranfordgroup.com/dnn3/AboutUs/PrivacyPolicy/tabid/1677/Default.aspx

 

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