Lot # : 219 - Okuma LC20 4 Axis Simuturn CNC Lathe

Auction Terms & Conditions Please Review All Online Terms Prior To Bidding! - A 13% BUYER'S PREMIUM will be charged with a 3% discount for payment by cash or check. If you wish to pay by cash or check please contact the office the following morning by 9:00 am. ALL PURCHASES MADE BY INDIANA RESIDENTS WILL BE SUBJECT TO INDIANA SALES TAX. SALES TAX WILL BE CHARGED ON THE HAMMER PRICE AND BUYERS PREMIUM. SHIPPING AVAILABLE ON SELECT ITEMS. PLEASE REVIEW SHIPPING AND PAYMENT TERMS PRIOR TO BIDDING! - COIN, CURRENCY, GOLD AND JEWELRY PURCHASES OVER $500.00 WILL BE ACCEPTED BY CERTIFIED CHECK, MONEY ORDER OR WIRE ONLY. - PAYMENT OF VEHICLES WILL BE ACCEPTED IN THE FORM OF CASH, CHECK and WIRE TRANSFER. NO CREDIT CARDS WILL BE ACCEPTED. TITLES TO VEHICLES WILL BE MAILED WITHIN 14 BUSINESS DAYS UPON CLEARANCE OF PAYMENT. WINNING BIDDERS OF VEHICLES ARE RESPONSIBLE FOR ANY AND ALL PICK-UP ARRANGEMENTS. - Sohn & Associates, Ltd. assumes no responsibility for any missing or incorrect listing information. All information is gathered from sources believed to be reliable, but is not guaranteed to be accurate. Item descriptions and listings are subject to be changed, updated, or cancelled at any time without notice. All bidders agree that his or her own decision to bid and the amount he or she bids have been based solely on his or her own independent inspection and evaluation of the items. "ALL SALES ARE FINAL - NO RETURNS/REFUNDS!!" - All items must sell through the auction process, no pre-sales. This is not a retail purchase and all units are sold as-is, where-is without any warranties whatsoever, where express, implied or statutory. Expressly excluded are warranties of merchantability, fitness for use, purpose, and direction. - International bidding will NOT be allowed. - This auction features a ONE (1) minute soft close with a THIRTY (30) second stagger time for each lot. - In the event that there are technical difficulties related to the server, software or any other online auction-related technologies, Sohn & Associates, Ltd. reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Sohn & Associates, Ltd. shall be held responsible for a missed bid or the failure of the software to function properly for any reason. - Sohn & Associates, Ltd. reserves the right to cancel this auction, or remove any item/lot from this auction prior to the close of bidding. - Sohn & Associates, Ltd. reserves the right to reject any and all bids for any reason. An accepted bid is a legal binding contract. Bidder assumes all risk of loss or damage to the item at the end of the auction. Sohn & Associates, Ltd. reserves the right to resell any personal property that is not paid for in full by the conclusion of the stated pickup date/dates. In any such event, the bidder will still be responsible for payment for the original purchase and the costs of collection of this payment and/or damages resulting for the resale of the property. - Sohn & Associates, Ltd. reserves the right to bid on behalf of the Seller and the Buyer. - Buyer and or Bidder agrees to hold harmless and indemnify Sohn & Associates, Ltd. and its agents, owners, employees and its representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc. - The identity of all bidders will be verified. Sohn & Associates, Ltd. reserves the right to reject the bidder's registration if there is any question as to the person's credentials. - Bidder responsibilities include, but are not limited to: Bidders agree to keep their username and password confidential, as they are responsible for ANY and ALL activity involving their account. When using the website you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. Auction company employees and/or Auction Company may bid on auction. - EACH PARTY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES (TO THE EXTENT PERMITTED BY APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING UNDER OR RELATING TO THIS AGREEMENT AND AGREES THAT ANY SUCH DISPUTE SHALL BE TRIED BEFORE A JUDGE SITTING WITHOUT A JURY. - By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment to Sohn & Associates, Ltd. of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney's fee. - If, for any reason, Sohn & Associates, Ltd. is unable to make available or deliver any Purchase, or portion thereof, or documentation required in respect to any purchase at time of pickup, the sole liability of Sohn & Associates, Ltd., if any, shall be the return of any paid monies in respect of such purchase upon its return by purchaser. - By bidding on any item, buyer agrees to all terms and conditions set forth. PAYMENT - All purchases will be automatically charged the following morning after the auction has closed with your credit card on file with HiBid. If you do not wish to have your credit card charged for your purchase(s), please contact us immediately to make other arrangements for payment. If not notified within 24 hours BEFORE THE END OF THE AUCTION your credit card on file will be charged. - Payment must be made before item(s) are removed. ALL SALES ARE FINAL. NO RETURNS OR ADJUSTMENTS WILL BE MADE. - COINS, CURRENCY, GOLD AND JEWELRY PURCHASES OVER $500.00 WILL BE ACCEPTED BY CERTIFIED CHECK, MONEY ORDER OR WIRE ONLY. - PAYMENT OF VEHICLES WILL BE ACCEPTED IN THE FORM OF CASH, CHECK and WIRE TRANSFER. NO CREDIT CARDS WILL BE ACCEPTED. TITLES TO VEHICLES WILL BE MAILED WITHIN 14 BUSINESS DAYS UPON CLEARANCE OF PAYMENT. WINNING BIDDERS OF VEHICLES ARE RESPONSIBLE FOR ANY AND ALL PICK-UP ARRANGEMENTS. - IF PAYMENT HAS NOT BEEN RECEIVED BY THE LAST SCHEDULED PICK-UP DAY, IT WILL BE CONSIDERED IN DEFAULT. Upon default, the bidder may be black listed/blocked from bidding on any future Sohn & Associates, Ltd. auctions. All defaulted items may be offered to the next highest qualified bidder at the discretion of the Sohn & Associates, Ltd. - The bidder agrees to pay all reasonable attorney fees and other costs incurred by Sohn & Associates, Ltd. in its efforts to collect unpaid funds from the bidder. The bidder agrees that a late fee of two percent (2%) of the outstanding balance per month will be added to any unpaid balance due Sohn & Associates, Ltd. Any dispute will be tried in a court of jurisdiction in Vanderburgh County, Indiana. PICKUP & SHIPPING - Items are to be picked up on the scheduled pickup day unless prior arrangements have been made with the auction company. Items picked up on a day other than the scheduled pick-up date will result in a $25.00 rescheduling fee. Sohn reserves the right to charge a minimum of $10 for items requested to be brought back to the office for pick-up. No furniture or oversized items will be included. Any items not picked up on the scheduled pick-up day will be forfeited back to Sohn & Associates. NO REFUNDS will be issued. - Payment must be made before item(s) are removed. ALL SALES ARE FINAL. NO RETURNS OR ADJUSTMENTS WILL BE MADE. - ALL IN-HOUSE SHIPPING WILL BE PROCESSED THROUGH SOHN & ASSOCIATES, LTD. NO OUTSOURCED LABELS OF ANY KIND WILL BE ACCEPTED. - BIDDERS ARE SOLELY RESPONSIBLE FOR PACKING, LOADING, MOVING ALL ITEMS PURCHASED WITHOUT ASSISTANCE FROM Sohn & Associates, Ltd. Sohn & Associates, Ltd. WILL NOT SUPPLY ANY TOOLS, BOXES OR PACKING MATERIALS. THE WINNING BIDDER ON LARGE ITEMS NEEDS TO BRING HELP AND THE EQUIPMENT NEEDED TO LOAD THE ITEM(S). - NO FURNITURE, OVERSIZED OR DELICATE SPECIALTY ITEMS WILL BE SHIPPED IN HOUSE!! Winning bidders of furniture must make their own shipping arrangements (including palleting) or take delivery of the furniture items at the auction house. Sohn and Associates will not be responsible for any palletizing or shipping of furniture. Oversized, Delicate and/or Specialty items (such as framed art, table lamps, glass art, etc.) will be taken to a third-party shipper for processing. A $25.00 Delivery Fee will be charged for all drop offs. Buyer is responsible for making arrangements with third party shipper. - Sohn & Associates, Ltd. will only ship items at Bidder's expense that are small enough to be shipped via USPS Priority Mail or Flat Rate Boxes or FedEx Ground. Fragile items, items that weigh over 25lbs., or items that will not fit in a 16½" x 14½" x 12" box will need to be picked up or shipping can be done by a Professional Shipper/Packer at Bidder's Expense. Please contact the auction company if you need a list of Professional Shippers in our area. Buyer must notify the auction company if they plan to use a Professional Shipper/Packer and Buyer is responsible for making their own shipping arrangements with the Professional Shipper/Packer. Shipping costs are the sole responsibility of the Buyer. Shipping and handling charges will be charged upon completion of packaging with the credit card on file. All packages being shipped by the auction company will be shipped with insurance equivalent to the hammer price. All packages being shipped will have a minimum of $7 to cover labor and packing materials. Please allow 7-14 business days after the last scheduled pick-up date for items to be shipped. Please contact our office at 812-467-0227 with any questions. - Any damage received during the shipping process or missing items must be reported immediately. If damage has not been reported within 3 Business Days of Acceptance of Package Buyer will be responsible for filing a claim with the Shipping Company in order to compensate for their loss.