Auction Information

MEP R&H Supply Company


Date/Time: Thursday 6/11/2015
Location: 125 Airtex Dr. Houston, TX 
Auction Type: Public Auction
Auction Categories: Industrial & Manufacturing

Auction Contact Information

Contact Name:  
Company:  Plant & Machinery, Inc.
Address:  P.O. Box 19100  Houston TX, 77224-9100
Phone:  713-691-4401
Fax:  713-672-7905

Auction Description

THEATRE-STYLE DIGITAL COLOR SLIDE AUCTION TO BE CONDUCTED OFF-SITE FEATURING (2,000+ Lots) of the MULTI-MILLION DOLLAR UNUSED INVENTORY OF R&H SUPPLY. R&H SUPPLY WAS A VALUE ADDED DISTRIBUTOR OF EXPENDABLES, CONSUMABLES, LUBRICANTS, TOOLS, AND GENERAL SUPPLIES TO REMOTE GAS AND OIL RIGS IN MAJOR U.S. DRILLING REGIONS. PLUS: CAPITAL EQUIPMENT INCL. PALLET RACK, FORKLIFTS, TRUCKS, TRAILERS, OFFICES, AND MORE!

Inspection

Inspection will vary by location. Please check with the auctioneer.

Directions

DIRECTIONS TO THE HOTEL BALLROOM AUCTION SITE FROM GEORGE BUSH INTL AIRPORT: Take JFK Blvd./Airport Rd. South to Beltway 8. Turn right (west) on Beltway 8 and proceed onto I-45 North. The first exit traveling north on I-45 will be Exit 62 for Airtex Dr. Exit and turn left (west) onto Airtex Dr. The Holiday Inn Express & Suites auction site will be just ahead on your left. Watch for auction signs.

Terms & Conditions

A 15% Buyers Premium will apply on-site.

An 18% Buyers Premium will apply via webcast.

A 100% Refundable $3000 (US Bidders) or $10,000 (Foreign Bidders) deposit may be required for all webcast bidding.

Everything will be sold to the highest bidder or bidders for cash in accordance with the auctioneers Customary Terms of Sale, copies of which will be posted on the premises.

ALL PAYMENTS MUST BE MADE BY CASH, CASHIERS CHECK, WIRE TRANSFER OR COMPANY CHECK WITH BANK LETTER GUARANTEEING PAYMENT TO PLANT & MACHINERY, INC.

Here is an example of what your letter should be: Mr. "Customer Name" is a customer of this bank. This bank will guarantee unqualified payment to PMI on the account listed herein up to the amount of $________. This letter is good until _________.

In default of payment of bills in full within the time therein specified, the Auctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. All items must be removed by the time announced at the start of the sale.

Lots not paid for and/or removed within the time allowed may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charge of resale, will be charged to the defaulting purchaser.

The buyer acknowledges that he or an agent has inspected all of the assets upon which he will be bidding and/or does purchase.

Buyer agrees to accept assets purchased "AS IS,""WITH ALL FAULTS" and "WITH REMOVAL AT BUYERS RISK AND EXPENSE."

THE AUCTIONEER EXPRESSLY DISCLAIMS ON THE PART OF THE AUCTIONEER AS AGENT AND THE SELLER, ANY WARRANTY AS TO FITNESS OR USABILITY OF ALL THE ASSETS, AND THE BUYER EXPRESSLY WAIVES ANY CLAIM IN RESPECT TO ANY POSSIBLE FUTURE USE OF ANY ASSET PURCHASED FOR ANY PURPOSE WHATSOEVER.


The buyer does hereby assume and does agree to indemnify and hold the auctioneer harmless from any future claim which shall pertain to the fitness or use of that asset as being purchased. Riggers, movers, electricians and buyers performing work at the Auction Site must provide PMI with evidence of insurance. The insurance coverage must be at a level acceptable to PMI and to the seller. PMI reserves the right to withdraw items, alter the order of the sale, accept bids from the seller, and group lots as it may deem appropriate.

Although all information has been obtained from sources deemed reliable, the auctioneer and seller make no warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained, or contained in our catalog. It is for this reason that buyers should avail themselves of the opportunity to make inspection prior to the auction. Although it is not likely, auction sales are subject to cancellation or postponement. Kindly contact auctioneer prior to attendance.

These terms and conditions may be modified or supplemented by language in the catalog available at the sale site or by announcement at the start of the sale. Bidders should be attentive to those announcements and to the catalog language.