ONLINE ONLY
January 21st at 8am - January 28th at 12pm

PROPERTY ADDRESS
136 Collins Ave.

Norwood, NC 28128

INSPECTIONS
January 17th from 10 am to 4 pm

January 18th from 10 am to 4 pm

CHECKOUT
January 30th from 10 am to 4 pm

January 31st from 10 am to 4 pm

February 1st from 10 am to 4 pm


PERSONAL PROPERTY DESCRIPTION

Manufacturing Line Description Model  Serial No.
#1 (PKG) (100mm Soft) AMF Packer 3000 TZ-5732
#1 (PKG) (100mm Soft) Scandia Wrapper ? U-347
#1 (PKG) (100mm Soft) Molins Boxer ? AD-734
       
#1 (MKG) (100mm) Decoufle Rod Maker DL6S 6668
#1 (MKG) (100mm) Max-S Tipping Unit FD-6S 6674
#1 (MKG) (100mm) Uniflow Tray Filler Uniflow-2 30325737/010
       
#3 (PKG) (100mm Box) Molmac HLP-R Packer 6088 90792/1995
#3 (PKG) (100mm Box) ITM Magomat Tray Unloader Magomat 553/1997
#3 (PKG) (100mm Box) ITM Wrapper G.D. 4350 981006
#3 (PKG) (100mm Box) Aiger Boxer 100mm Molins 418005
#3 (PKG) (100mm Box) Marden Edwards OVRWRP M.E. 4-12 1583/1
       
#3 (MKG) (100mm) Molmac MK-9 PLC Rod Maker 6082 91238/2003
#3 (MKG) (100mm) Molmac Max-S Tipping Unit 6013 949/2003
#3 (MKG) (100mm) Molmac MTF-II Tray Filler  6070 91239/2003
       
#5 (MKG) (85mm) Decoufule Rod Maker DL6S 6667
#5 (MKG) (85mm) Decoufle Max Tipping Unit FD-6S 6596
#5 (MKG) (85mm) Hauni Uniflow Tray Filler Uniflow-2 30321699/020
#5 (MKG) (85mm) Dayton Dust Collector 3AA26B 9
       
Dust Collection System Dantherm Dust Collector N/A N/A
Manufacturing Line Description Model  Serial No.
#1 (PKG) (100mm Soft) AMF Packer 3000 TZ-5732
#1 (PKG) (100mm Soft) Scandia Wrapper ? U-347
#1 (PKG) (100mm Soft) Molins Boxer ? AD-734
       
#1 (MKG) (100mm) Decoufle Rod Maker DL6S 6668
#1 (MKG) (100mm) Max-S Tipping Unit FD-6S 6674
#1 (MKG) (100mm) Uniflow Tray Filler Uniflow-2 30325737/010
       
#3 (PKG) (100mm Box) Molmac HLP-R Packer 6088 90792/1995
#3 (PKG) (100mm Box) ITM Magomat Tray Unloader Magomat 553/1997
#3 (PKG) (100mm Box) ITM Wrapper G.D. 4350 981006
#3 (PKG) (100mm Box) Aiger Boxer 100mm Molins 418005
#3 (PKG) (100mm Box) Marden Edwards OVRWRP M.E. 4-12 1583/1
       
#3 (MKG) (100mm) Molmac MK-9 PLC Rod Maker 6082 91238/2003
#3 (MKG) (100mm) Molmac Max-S Tipping Unit 6013 949/2003
#3 (MKG) (100mm) Molmac MTF-II Tray Filler  6070 91239/2003
       
#5 (MKG) (85mm) Decoufule Rod Maker DL6S 6667
#5 (MKG) (85mm) Decoufle Max Tipping Unit FD-6S 6596
#5 (MKG) (85mm) Hauni Uniflow Tray Filler Uniflow-2 30321699/020
#5 (MKG) (85mm) Dayton Dust Collector 3AA26B 9
       
Dust Collection System Dantherm Dust Collector N/A N/A

 

Auction Manager

Will Lilly

704.985.9300

 

Iron Horse Auction Company Inc. has been retained by Mr. John Paul H. Cournoyer, United States Bankruptcy Trustee in the matter of North Carolina Tobacco International, LLC Case # 17-51077), currently pending before the U.S. Bankruptcy Court for the Middle District of North Carolina, to hold an auction of the assets of North Carolina Tobacco International, LLC. By submitting a bid in this auction all bidders are consenting to the jurisdiction of the United State Bankruptcy Court for the Middle District of North Carolina with respect to any disputes regarding this auction.

Importance of Terms:

Please take the time to read the following set of terms and conditions for the online auction. When you register to bid, you will have to acknowledge that you have read these terms and conditions. If you intend to register the following items will pertain to you. 

Agency:

Iron Horse Auction Company, Inc. is acting as agent of the Seller and at no time acting on behalf of the Buyer.

Buyer's Premium:

There will be a Fifteen percent (15%) Buyer’s Premium added to the final bid price to determine the final contract purchase price.

Auction Ending:

Iron Horse Auction Company, Inc. Online Auctions are timed events and all bidding will begin to close at a specified time. Iron Horse Auction Company, Inc. online auctions also have an auto-extend feature. Any bid placed in the final ten minutes for an auction item will automatically extend the auction item ten minutes from the time the bid was placed. Example: If an auction item is scheduled to close at 3:00 and receives a bid at 2:51, the close time will automatically extend to 3:01. The auto-extend feature will continue until there is a ten-minute period without a bid being placed on each item in the auction. We will close 10 auction lots per 5 minutes.

Outbid Notification:

During this auction process, there is a chance that you will be over bid. At that time you will receive an outbid notification. Until the auction begins to close, the bidding software will notify bidders by email when they have been outbid. Bidders may also find out if they have been outbid by refreshing the individual lot information. Due to varying internet connections and speed, sometimes email notifications can be delayed. We are not responsible for failure of any part of the bidding process or internet bidding.

Property Information & Inspection:

Iron Horse Auction Company, Inc. is not responsible for any missing or incorrect listing information. Iron Horse Auction Company, Inc. has attempted to provide accurate descriptions; however, it is the Bidder's responsibility to conduct any inspections to determine the condition and feasibility of the Bidder’s intended use. Descriptions that are provided by Iron Horse Auction Company, Inc. are provided in good faith and are matters of opinion. It is automatically acknowledged by registering that you have either personally inspected the items being sold, hired an agent to inspect the items being sold, or waived your right to inspect the items being sold. Placing a bid creates a contractual agreement to purchase the items being sold at the high bid price plus a Buyer’s Premium and any additional fees including shipping.  If you are a winning bidder, you agree that you will remove your items.

Auctioneer's Discretion:

Iron Horse Auction Company, Inc. has full discretion to modify the date and time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Iron Horse Auction Company, Inc. or the Seller.

Server & Software Technical Issues:

In the event that there are technical difficulties related to the server, software or any other online auction-related technologies, Iron Horse Auction Company, Inc., AuctionMethod, and the Seller reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Iron Horse Auction Company, Inc., AuctionMethod, or the Seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Iron Horse Auction Company, Inc. may send email notifications to registered Bidders with updated information as deemed necessary.

Payment Terms:

Payment is due in full at the conclusion of the auction. Credit cards will be automatically charged for any amount under $2,000.00. If your total balance is below $2,000.00 and you would like to pay cash or certified check please call our office to make arrangements before the auction ends. Invoices that exceed $2,000.00 will need to be satisfied by cash, cashier’s check or wire transfer.  Please contact maryanne@ironhorseauction.com for our wiring instructions.  Items will not be released from the auction site without a valid paid invoice. NO EXCEPTIONS.

Property Condition:

All items in this auction are selling “AS-IS, WHERE IS” with all faults, if any. Iron Horse Auction Company, Inc. makes no representations or warranties, expressed or implied, concerning the items being sold. Descriptions of the items are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspections prior to the auction. All due diligence periods end the date the auction is scheduled to end and prior to the end of the auction. It is possible that the property being sold is subject to local, state and federal regulatory authorities and it is the Buyer’s responsibility to ascertain if they are subject to regulation and permitting. Iron Horse Auction Company, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the items before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to placing a bid or doing due diligence. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property, or waived your right to inspect the property. The sale of an item is not negotiable if you are not the winning bidder of other items. If you bid on an item, you agree that you will pay and pick up that item.

Lot Pictures: 

Bidders understand that all items have been palletized and removed from their original location.  The pictures used for each lot illustrate the item in their original location. 

Bidder Deposit:

A deposit in the amount of $7,500.00 is required to register for this auction.  If you are a winning bidder, the deposit can be applied to your invoice.  If you are a winning bidder that fails to fully satisfy your invoice, we will apply your deposit to your account and seek additional relief to cover your invoice in full.  If you are not a winning bidder, your deposit will be returned within 48 hours after the auction has ended.  

Legal Interpretations:

The laws of the State of North Carolina and the United States shall interpret this document.

Disputes:

Iron Horse Auction Company Inc. has been retained by Mr. John Paul H. Cournoyer, United States Bankruptcy Trustee in the matter of North Carolina Tobacco International, LLC Case # 17-51077), currently pending before the U.S. Bankruptcy Court for the Middle District of North Carolina, to hold an auction of the assets of North Carolina Tobacco International, LLC. By submitting a bid in this auction all bidders are consenting to the jurisdiction of the United State Bankruptcy Court for the Middle District of North Carolina with respect to any disputes regarding this auction.

International Bidders:
 

Prospective bidders from outside the United States  must identify, as part of the auction registration,  a designated agent within the United States, who shall be authorized to act on the bidder’s behalf and shall be the bidder’s agent for service of process.

Auction Bidder and/or Buyer Default:

The Successful Bidder and/or Buyer not attempting to settle their invoice within 48 hours of the conclusion of the auction will be considered in default and will be black-flagged in our database as a Non-Paying Bidder. Iron Horse Auction Company, Inc. reserves the right to sell to the next highest qualified Bidder and/or Buyer in the event the successful high Bidder and/or Buyer does not comply with the terms of the sale. By bidding on the items in the auction, the Buyer agrees to all terms and conditions set forth. By registering and placing a bid, you agree that if you happened to become a Default Bidder or Non-Paying Bidder, Iron Horse Auction Company, Inc. has the right to charge your credit card for the entire balance of your invoice. If Iron Horse Auction Company, Inc. is able to sell your item to the next highest qualified Bidder at a price lower than the auction high bid price, the Default Bidder agrees to allow Iron Horse Auction Company, Inc. to charge their credit card for the difference in their high bid price and the actual selling price to the back-up Bidder.

Auction Cancellation – Bid Rejection:

Iron Horse Auction Company, Inc. reserves the right to reject any and all bids for any reason. Iron Horse Auction Company, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding even if a bid has been placed.

Acceptance of Bid Prices:

All bids are subject to Seller confirmation. Any and all inspections that a Buyer may want must be completed at the Buyer’s expense prior to the end of the auction. Iron Horse Auction Company, Inc. reserves the right to sell to the next highest qualified Bidder if the winning Bidder is in default of these terms. In the event that you find yourself as a Bidder in default, you will be black-flagged as a NON-PAYING BIDDER and not allowed to participate in any further Iron Horse Auction Company, Inc. or AuctionMethod member auctions.

Buyer Insurance Requirement:

Bidders that purchase any item that exceeds $10,000.00 must provide Iron Horse Auction Company, Inc. a certificate of insurance of no less than $500,000.00 reflecting Iron Horse Auction Company, Inc. 

Possession:

Items are not released from auction sites or facilities until the Buyer has a paid invoice. The Buyer shall insure their items once they have been deemed the winning Bidder.

Bidder Verification:

The identity of all Bidders will be verified. Bidding rights are provisional, and if complete verification is not possible, Iron Horse Auction Company, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Iron Horse Auction Company, Inc. reserve the right to refuse service to any person who we feel to be fraudulent.

Bidder Responsibilities:

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 website use privileges. We gather aggregate information from the website, which may include but is not limited to: the number of page visitors, most visited pages, and any and all correspondence.

Guaranty Agreement:

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 earnest money payment to Iron Horse Auction Company, Inc.

Age Requirement:

All bidders must be eighteen (18) years of age or older.

Check Out:

Any items not picked up by the winning Bidder, or their preferred shipper they have hired and scheduled, after the last scheduled day of check out, will be considered forfeited and abandoned. No refunds or adjustments will be given. Buyer is responsible for loading, packing and moving of auction items. Shipping arrangements and packing are the responsibility of the buyer.


    Iron Horse Auction Company Inc. has been retained by Mr. John Paul H. Cournoyer, United States Bankruptcy Trustee in the matter of North Carolina Tobacco International, LLC Case # 17-51077), currently pending before the U.S. Bankruptcy Court for the Middle District of North Carolina, to hold an auction of the assets of North Carolina Tobacco International, LLC. By submitting a bid in this auction all bidders are consenting to the jurisdiction of the United State Bankruptcy Court for the Middle District of North Carolina with respect to any disputes regarding this auction.

    •   Jan 21 @ 8:00AM EST (Start)
    •   Jan 28 @ 12:00PM EST (End)
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