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New Jersey Circular Knitting Machines (12 Units)

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ID: 182994952
Quantity: 12 Units

These machines are offered for sale with rust damage. Please see photos for an idea of condition. Being sold "As Is Where Is" as a whole lot and not separately.

# of Bids: 8 PLACE A BID
Asking Price: Please log in to view Asking Price.
Claim Value: $391,000.00
Product Location: Asia-Pacific
End Time: Bid As Soon As Possible
Time Remaining: Bid As Soon As Possible
Market Maker: Juan Rosales   713-229-9000 x132ASK A QUESTION

Seller Description

New Jersey Circular Knitting Machines

  •  The machines are industrial –  12 x new Jersey Circular Knitting Machines, said to have been manufactured specifically for the requirements of the Insured. The Knitting machines were used to manufacture the socks / tubes that surround underground pipes, and operated at high speed and mostly automatically. 
  • Electrician had attended previously to inspect and advise in relation to the electrical components, and raised serious concerns as to the reliability and necessary repairs to the electrical components.
  •  The machines had been manufactured to the specific requirements of insured and there were not any similar machines in Australia that were not owned / operated by insured. 
  •  The Insured has explained that the knitting machines are very specialized and unique to Australia, and the engineering developed over time specific to their requirements.
  •  The Insured further advised that they would not be comfortable with the equipment being sent for sale at public auction ( and further discussions with the Insured in relation to salvage value would need to be undertaken by us.)  
  • Some of the parts appeared to damaged, although part of the complete 12 knitting machines, and although the Insured advised these may be undamaged they were concerned with on-going reliability and warranty.  
  • Also, we have been advised that the parts had been supplied as part of complete machines, and not separately identified / available

Seller Terms

  • Salvex and the seller have the right to reject any and all offers.
  • This product is sold AS IS, WHERE IS.
  • Buyer is responsible for all taxes, duties, loading and freight charges.
  • Seller does not offer any warranties or manufacturer warranties.
  • Upon receipt of cleared funds, Seller will provide the Buyer a Release Order for item pick up. Title transfers from Seller to Buyer upon issuance of the Release Order.
  • It is Buyer's responsibility to verify quantities and condition at the time of pick up. Once the product has been removed from Seller's location, there will be no adjustments based on quantity or condition.

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