Auction Information

12 Covered Tank Barges Slide Show Auction


Date/Time: Tuesday 4/12/2016
Location: 40 Huling Avenue Memphis , TN 
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

12 Covered Tank Barges Located at the Port of Memphis to be sold by color slide show at:

Spaghetti Warehouse
40 Huling Avenue
Memphis, TN 38103

PLEASE NOTE: If tanks are purchased separately from barges, the tanks will be removed for a cost of $650 per tank. Tanks can be picked up at the Ocean Marine Contractors yard at 6797 Bayou Black Dr., Gibson, LA 70356. Allow for a 60 business day removal time factor. Tank removal charges will be collected as part of the auction collections.



Featuring: Used-Independent Tank Barge Approximate 200 x 35 x 12. Consisting of: (6) Mueller Tanks, 45,000 Gallon, Model H, Stainless Steel, Horizontal. Approximate 148-1/2" diameter x 564" straight side, dished heads. Internal rated 9 psi at 32 to 300 degrees F. 304 Stainless steel dimple jacket section approximate 328-3/4" long, volume 5.95 cubic feet, rated 40 psi at 32 to 300 degrees F. Openings top (1) stainless steel alcove with (2) 4", (2) 3", 2", (2) 1" alcove drains, (4) 6" sight glass mounts, (2) 6" spray ball mounts. Head 16" x 20" oval man way with cover. (1) 8" End bottom outlet with 90 degree elbow. (2) Carbon steel channel support rings, (2) top lifting lugs.

Inspection

Scheduled Inspections are Monday, April 11th at 10:00 a.m. and at 2:00 p.m. The fees for these two inspection times on April 11th will be paid by the auctioneer. All other inspections must be by scheduled appointment and the fee is $330. You can schedule appointments by contacting: Chris Foster Wepfer Marine 901-775-0980 ext. 0 cjfoster@wepfermarine.com

Terms & Conditions

If tanks purchased separately from barges, the tanks will be removed for a cost of $650 per tank. Tanks can be picked up at the Ocean Marine Contractors yard at 6797 Bayou Black Dr., Gibson, LA 70356. Allow for a 60 business day removal time factor. Tank removal charges will be collected as part of the auction collections.


A 15% Buyer's Premium will apply on-site. An 18% Buyer's 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 auctioneer's Customary Terms of Sale, copies of which will be posted on the premises.

ALL PAYMENTS MUST BE MADE BY CASH, CASHIER'S 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 BUYER'S 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.