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3420-3850 Cu Ft Open Top Hoppers AUCTION (1 LOT of 110)
Listing # 2745
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Listing Format: Auction
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LISTING FILES
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UMLER File
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Car Roster
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Umler File
ADDITIONAL INFORMATION
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DESCRIPTION

 This online auction is offered by:

  

 

 Bidding opens at 8 A.M. on July 18th and closes at 5 P.M. on July 20th 2017.

 

 NOTE: This is one listing of a multi-listing freight car auction. To view complete auction listings please use the following link:

FREIGHT CAR AUCTION.

 110- 3420-3850 Cu Ft Open Top Hoppers. All cars are in operating condition and are registered in UMLER (see attached sample UMLER file & car roster). Some of the mechanical features include: 50 Year Cars, average date built 1977, 3 compartments, Gross Rail Load 263K, Tare Weight 60,700, Load Limit 202,300, Plate B, steel construction.

These cars are not currently on an active lease, they are stored and available for inspection.

 

Terms and Conditions of Auction and Sale Agreement

 

1.  Your bid on any item is subject to and shall constitute your agreement to the following terms and conditions of the auction and sale.  Please note that you enter into a legally binding contract to purchase an item when your bid for an item is accepted as the winning bid.  Buyer’s bid constitutes an offer to purchase the items to which it applies, which offer becomes a binding agreement to purchase the items upon the seller’s award to Buyer of the winning bid.  Buyer agrees to memorialize the sale by signing and returning a written sale agreement post-auction. 

2.  The rail cars are sold, and associated leases assigned, free and clear of all liens, claims, interests and encumbrances per Order of the United States Bankruptcy Court for the Middle District of Pennsylvania, in the cases: In re Schuylkill Rail Car, Inc., Case No.:  1:14-bk-02477-RNO, and In re D&D Rail Car, Inc., Case No.:  1:14-bk-02478-RNO.  A copy of the Sale Motion and the Proposed Sale Order filed in these cases can be viewed here and here .  Further information about the cases can be found at the Court’s website at http://www.pamb.uscourts.gov/.

 3.  Sale is “As Is, Where is”, with no representations or warranties of any kind. After the transaction is complete, Buyer will be fully responsible for storage, switching and transportation of the equipment purchased. 

4.  Payment in full on a winning bid is due on or before July 28th, 2017. 

5.  The auctioneer, Missouri Railroad Group, LLC d/b/a Ozark Mountain Railcar (“Ozark”), makes no representations with regard to the rail cars and has not investigated the sellers’ representations, if any.  Buyer releases Ozark from any and all claims that may arise relating to the auction or the sale agreement between the seller and the buyer of the rail cars.

 6.  The sale shall be governed under the laws of Pennsylvania and the jurisdiction and venue for any dispute shall be exclusive to the Court of Common Pleas of Dauphin County, Pennsylvania and the United States District Court for the Middle District of Pennsylvania, including the United State Bankruptcy Court for the Middle District of Pennsylvania.  THE PARTIES AGREE TO WAIVE ANY RIGHT TO A JURY TRIAL IN ANY DISPUTE.

 

Buyer's Premium: 5%
Payment Details: If you are the winning bidder, you will receive an email notification from our site that you have won this auction along with a notification invoice. Our office will contact you within 48 hours for contract information. Payment will be made via wire transfer according to the instructions in the sales contract. Once payment has been made, a bill of sale will be issued with free and clear chain of ownership conveyed to Buyer.
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