Consignment Insertion Form

    • Date Format: MM slash DD slash YYYY
      1. 1: Seller grants to Koster Industries Inc. an exclusive right to sell machinery through sale date listed above.
        2. Seller has the right to set an acceptable minimum reserve on its machine. Seller will discuss this reserve with Koster Industries representatives prior to the listing of machines. The reserve price will be listed at the end of this agreement. If reserve price is met at auction and seller does not accept for any reason, seller with owe Koster Industries Inc. a 15% commission as if listing was sold. In the event that the seller buys / bids or protects items, Koster Industries will charge 3% of final hammer price.
        3. Koster Industries Inc. reserves the right to reject any and all listings as seen necessary.
        4. Seller warrants that to the best of their knowledge any information regarding the machine is accurate. Seller will disclose any significant and known defects to Koster Industries Inc. Prior to posting.
        5. Seller is responsible for disposal of any hazardous waste or oils relating to machine.
        6. Seller warrants that machine is being sold without any liens or encumbrances whatsoever and seller has all necessary approvals and rights to sell machine.
        7. Machine is being sold “AS-IS” – “Where-IS” with no guarantees from seller relating to the condition. Regardless of this seller will not intentionally mislead Koster or prospective bidders as to the condition of all items listed.
        8. Seller will make listings available for inspection to prospective buyers to the best of its ability and schedule.
        9. Seller will be paid in full only after removal of machine from premises, Koster Industries Inc. will hold all monies collected until purchaser completes pickup and seller will be paid within (1) business day after. Koster Industries Inc. Will communicate with the seller on paid invoices from buyers.
        10. Seller will supply buyer ample time to remove purchase machine which will be by appointment only.
        11. If listings are not sold at the auction, seller will have no further obligation to Koster Industries Inc.
        12. Seller has the right, at its sole discretion, to lower reserve price at any time.
    • Please include travels, table sizes, motor HP, controllers if applicable, any attachments, or any other pertinent information
    • Hereby agree to the above terms and conditions for listing consignment assets. Seller also confirms that the information including descriptions, file attachments, and photographs to be posted in the sale are accurate to the best of his/her ability. Koster Industries Inc. Reserves the right to start bidding at a lower starting price then the mentioned reserve and put a reserve on that asset.

      Koster Industries Inc. Will market and conduct the online auction sale with no cost to the buyer.