Former Assets of

Lovsuns Tunneling Canada Ltd.

Final Sale of the Facility’s Remaining Assets!

Date

Tuesday, October 23, 2018

Start Time

10:30 AM EDT

Inspection

Monday, October 22 from 9:00 A.M. to 5:00 P.M. and morning of auction to start of auction. BY APPOINTMENT ONLY.

Removal

All items to be removed no later than Tuesday, November 6 by 5:00 P.M.

Location

441 Carlingview Drive, Toronto, Ontario, Canada, M9W 5G7

Industry

Machining | Fabricating

FEATURING: STANKO 110” vertical boring mill w/ dual swivel rams; AGMA (2006) VMC-199, CNC 4 axis vertical machining center; MAS V084, 15’ radial arm drill; ESAB AVENGER 12’ x 30’ CNC plasma table; RAMBAUDI CNC universal milling machine; CINCINNATI BICKFORD SUPER SERVICE 24" heavy duty floor type gear head drill press; RED ROCK (2012) tank turning driver & idler sets up to 150 ton capacity; Huge offering of welding support equipment, magnetic sheet lifters; lifting chains and shackles; high precision tooling, hydraulic shop presses, air compressor, machine tool accessories, T-slot floor plates, factory support equipment & MORE!

LARGE CAPACITY VERTICAL BORING MILLS

STANKO 1L532M vertical boring mill with 2-rams, 124" max swing, 62.99" max height under the rail, 110" table diameter, 47.24" ram stroke, 67.71" ram horizontal travel, ±30 degrees ram swivel in .01" increments, 72.44" cross rail vertical travel, 32,200 LBS max table capacity, speeds to 63 RPM in (12) ranges, 46 HP, ANILAM WIZARD 211 (2) axis DRO, push button pendant control, coolant, chip guards, 550V/3PH/60HZ, s/n 330

CNC MACHINING CENTERS

AGMA (2006) VMC-199 4 axis CNC vertical machining center with FANUC SERIES Oi-MC CNC control, 82.68" x 39.37" table, travels X-74.80", Y-39.40", Z-31.50", speeds to 6000 RPM, 30HP, CAT 50, 32 ATC, HAAS (2008) HRT 600 CNC 23.6" diameter 4th axis servo rotary table with 7.5" diameter bore, standalone control box, coolant, chip conveyor, HABOR chiller, 220V/3PH/50HZ, s/n 06199040
INDUMA (RETROFIT 2006) MBM25CN CNC bed type horizontal milling machine with HEIDENHAIN iTNC 530 CNC control, 27" x 98" bed, travels X-78", Y-35", Z-39", speeds to 1600 RPM, 25 HP spindle drive, CAT 50, (2) universal heads, coolant, 220V/3PH/50-60HZ, s/n 108510
RAMBAUDI KR CNC milling machine with HEIDENHAIN TNC 150 CNC control, 63" x 18" table, travels X-47", Y-14.5", Z-30", speeds to 2000 RPM, 14.4 HP, #50 taper, universal head, coolant, 575V/3PH/50-60HZ, s/n 39513

CONVENTIONAL MACHINE TOOLS

MAS (1994) VO84A radial arm drill with 14' arm, way type column, speeds to 1120 RPM with pre select, 15 HP, coolant, (2) 39.5" x 30" x 20" T-slot box tables, 550V/3PH/60HZ, s/n 158302007
CINCINNATI BICKFORD SUPER SERVICE 24" heavy duty floor type gear head drill press, s/n n/a

FABRICATING & WELDING

ESAB AVENGER 1-10 CNC cutting table with single plasma cutting head with ESAB SERIES 2000/70 CNC control, ESAB PRECISION PLARMARC digital plasma power source, (3) oxy-acetylene torch heads, 288" x 135" table, PNEUDRI high efficiency desiccant dryer, s/n 2060-3531
RED-ROCK (2012) RIP-120 tank turning roll set (1) powered, (1) idler with 120 METRIC TON capacity, 18" diameter steel/composite rolls, (4) position horizontal adjustment to max 80" between roll centers, pendant control, s/n RR1098-02011
PLYMOVENT (2010) M-1 portable snorkel type welding fume extractor with 1 HP, 1400 m3/h capacity, 120V/1PH/60HZ
(2) LINCOLN ELECTRIC DC600 welders with cables and gun, s/n n/a
(2) LINCOLN ELECTRIC IDEALARC R3R-400 welders with cables and gun, s/n n/a
JP AIR CONTROL portable snorkel type welding fume extractor
(2) HOBART EXCELARC 8065 CC/CV welders with cables and gun, s/n n/a
ESAB 653 CVCC welders with cables and gun, s/n n/a

AUTOMATIC WIRE & CABLE CUT-TO-LENGTH MACHINE

REEL-O-MATIC automatic wire & cable cut-to-length system consisting of REEL-O-MATIC MODEL 1704 cable measuring machine with 1/8" to 4" cable and wire capacity, REEL-O-MATIC CTL/CA T 4 cable and wire cut-to-length machine with 1/8" to 4" cable and wire capacity, (8) REEL-O-MATIC SP PRR10 6,000 LBS capacity powered reel handling units, s/n n/a

ALSO:

Huge offering of welding support equipment, magnetic sheet lifters; lifting chains and shackles; high precision tooling, hydraulic shop presses, air compressor, machine tool accessories, T-slot floor plates, factory support equipment & MORE!

LIVE WEBCAST ONLY

Terms & Conditions

Corporate Assets Inc. assumes no liability for errors or omissions on this Web site. Corporate Assets Inc. expressly reserves the right to determine the manner of conducting the auction as it may deem appropriate. All subject to prior sale.

DOWNLOAD CORPORATE ASSETS INC. FULL TERMS & CONDITIONS

MODALITÉS ET CONDITIONS DE VENTE

Payment

A Buyer's Premium of 18% for all Webcast (Remote) bidders will apply at this sale.
THIS SALE WILL BE CONDUCTED IN USD.

Pre-Approval by Corporate Assets Inc. will be required to participate in the sale. Potential Bidders must register and be approved (in person for Onsite auctions or online for Live Webcast auctions). Bidders may be asked to complete the "Buyer Deposit Form" and provide a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see above for applicable Buyer's Premium) and must be made by Interac e-transfers or Direct Bank Wire Transfer¹.

To ensure approval as a Bidder, please contact us to make arrangements as far in advance of the sale as possible. The deposit must be received no later than 1 business day prior to the commencement of the sale². For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.
To meet the Terms and Conditions of Sale, please keep in mind that wire transfers traditionally take between 2 - 4 business days to be processed by your bank. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

Invoices for the balance of the purchase price will be emailed and/or faxed to successful bidders within 24 hours of the close of the auction and are due upon receipt.

Payment in full must be made before or immediately after the conclusion of the auction.

For International (Non-Canadian and Non-U.S. Residents) Buyers all payments and deposits shall ONLY be made by wire transfer.

For Canadian and U.S. Buyers, all payments can be made by wire transfer, certified cheque, bank draft, Interac Debit, Visa, Mastercard, Interac e-transfers, or company cheque accompanied with a valid bank letter of authorization guaranteeing irrevocable payment to Corporate Assets Inc. in the following format: "Name of Bank hereby guarantees irrevocable payment of cheques payable to Corporate Assets Inc. up to Amount in Words & Currency for purchases made by our client Name of Client. This letter is valid for purchases made at the auction of Name of Auction being held in City, State/Province on Date."

Payment by way of Visa, Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.
Payment by way of Interac e-Transfers will ONLY be accepted for purchases from buyers whose total invoice does not exceed $25,000.
Payments may be made in advance of the auction by way of wire transfer and any balance in excess of the balance owing will be refunded after the auction.

The Auctioneer reserves the right to put articles back up for auction if a deposit is not received at or before the time of sale.

Download Full Payment Information

Download Buyer Deposit Form

CAD Wire Transfer Details

USD Wire Transfer Details

Interac E-Transfer Payment Instructions

Removal Details

Applicable for all Purchasers, their employees, riggers, machinery movers, contractors, and agents who participate in the disconnection and/or removal of items purchased at auction.

Please read our Full Terms & Conditions for Removal Requirements

Purchasers are responsible for removing all articles purchased unless an Exclusive Rigger* has been designated for the sale. “CI” on the purchaser’s invoice designates that a proper certificate of insurance is required before any item marked “CI” can be mechanically removed. Furthermore, properly authorized rigger release instructions, in writing, are required by Corporate Assets Inc.’s office before a Purchaser/Mover/Rigger can commence removal of these items. These forms can be downloaded below.

Rigger Release Authorization Form

Sample of 'Certificate of Insurance' or 'CI'

*For sales with Exclusive Riggers, removal fees will apply. Please refer to the posted Lot Catalogue for pricing. Fees do not include container loading, blocking/bracing, specialty packaging, shipping, or other services. Trucking and transport services may be available through a third-party supplier. More details below. The Buyer's Premium does not apply to posted rigging fees.

Shipping Services

For small items where a pallet isn't required or items are already in packages/boxes, Corporate Assets Inc. can arrange shipping via UPS or FedEx or using a buyer’s business account. The cost will be the responsibility of the buyer. Please contact [email protected] to arrange.

* For shipping large items, trucking and transport services are available through Fuze Logistics Inc.

Fuze Logistics Services Inc.
Mr. Chris Tan
941.702.3310
[email protected]
www.fuzelogistics.com

US Inbound Customs Brokers

*Cross border logistics, including fees and customs clearance, are available through third-party brokers.
Montgomery International Brokers Bill Clune or Melanie Koerber 716.875.5100 EXT 105 [email protected] www.montyinternational.com	Omega Customs Brokers Inc Ralph Ronderos 305.592.5656 EXT 1005 [email protected] or [email protected] www.omegacb.com