Name Major Retail Shipping Company Fleet
Auctioneer AuctionAdvisors
Type Online-Only Auction
Date(s) 7/6/2016 - 7/28/2016
Auction Ends 7/28/2016 starting at 4PM EST. See Auction Details for More Information.
Preview Date/Time NEWARK LOT: 187-189 Foundry Street, Newark, NJ 07105 (c/o VM Trucking) Tuesday, July 19th Wednesday, July 20th Thursday, July 21st Tuesday, July 26th Times are from 9AM to 5PM or as otherwise posted on Auctioneer’s website or arranged with the Auctioneer. SANTA FE SPRINGS LOT: 9615 Norwalk Blvd, Santa Fe Springs, CA 90670 (c/o FleetYards) Friday, July 22nd Monday, July 25th Tuesday, July 26th Times are from 9AM to 5PM or as otherwise posted on Auctioneer’s website or arranged with the Auctioneer. Inspections for vehicles that are not located in either of the above locations can be arranged by appointment with the auctioneer. The location of the vehicles are posted in the online catalog.
Location Location of Vehicles in Desccirption
 
Buyer Premium 10% Added to Final Invoice
Description
Bankruptcy Auction! Major Retail Shipping Company Fleet consisting of over 100 Sleepers, Day Cabs, Trailers, Straight Trucks, Vans and more. Late models from Freightliner, Peterbilt, Volvo, Hino, Isuzu, Ford, Vanguard, Great Dane, Wabash. Also other related logistics equipment. In Re: United States Bankruptcy Court for the District of New Jersey Chapter 11 Case Nos. 16-10615 and 16-10616 EZ Mailing Services, Inc. and United Business Freight Forwarders Limited Liability Company. Offer Subject to Change Without Notice. Subject to Bankruptcy Court Approval.
Auction Terms & Conditions NOTICE: All merchandise will be sold "AS-IS, WHERE-IS" and NO REPRESENTATIONS or warranties of any kind expressed or implied are being made by Auctioneer or Seller with respect to the condition of the merchandise, its fitness for any particular purpose, or the quantities or descriptions or pictures being provided by Auctioneer. Buyers must do their own due diligence including conducting an inspection of the merchandise being auctioned and determining the quantities, descriptions and condition of all such merchandise contained in this catalogue and/or presented at auction. All Bidders agree that they have read and fully understand these terms and agree to be bound thereby. Certain bids may be submitted by auctioneer on behalf of certain secured lenders, if applicable. This sale is subject to Bankruptcy Court Approval as well as satisfaction of all other applicable terms & condition of sale. For those bidding on vehicles, please note below certain special terms with respect to the vehicles. These terms & conditions of sale are subject to change without notice. REGISTRATION: To qualify to participate and be deemed a “Registered Bidder”, a potential bidder must go onto the appropriate section on the AuctionAdvisor’s website and enter a valid credit card and/or submit a $5,000 deposit (“Initial Escrow Deposit”) or otherwise be reasonably approved by AuctionAdvisors to participate in the Auction. Notwithstanding the foregoing, AuctionAdvisors reserves the right to deny "Registered Bidder" status to any party at any time at its sole discretion without advance notification. For unsuccessful Bidders, deposits shall be returned within the second business day following conclusion of the Auction via wire transfer or escrow check. “INITIAL ESCROW DEPOSIT” WIRE INSTRUCTIONS: Capital One Bank 605 Valley Road Upper Montclair, NJ 07043 Receiver ABA#: 021407912 Beneficiary Information: AuctionAdvisors, Escrow Account 26 Park Street, Suite 2200 Montclair, NJ 07042 Account #: 7057202135 INSPECTIONS: Bidders may inspect the offering at the following locations & dates: NEWARK LOT: 187-189 Foundry Street, Newark, NJ 07105 (c/o VM Trucking) Tuesday, July 19th Wednesday, July 20th Thursday, July 21st Tuesday, July 26th Times are from 9AM to 5PM or as otherwise posted on Auctioneer’s website or arranged with the Auctioneer. SANTA FE SPRINGS LOT: 9615 Norwalk Blvd, Santa Fe Springs, CA 90670 (c/o FleetYards) Friday, July 22nd Monday, July 25th Tuesday, July 26th Times are from 9AM to 5PM or as otherwise posted on Auctioneer’s website or arranged with the Auctioneer. Inspections for vehicles that are not located in either of the above locations can be arranged by appointment with the auctioneer. The location of the vehicles are posted in the online catalog. NOTES ON BIDDING MECHANICS: Please note that this auction has staggered closings, which means that different lots (vehicles) will close at different times. The initial lots in the auction will start to close at 4:00PM EST, but some will close hours later. Each auctions closing time will be posted on the auctioneer’s website. Furthermore, each lot is subject to a “soft 3-minute close”- which mean the timing of any closing will be delayed by 3 minutes in the event someone places a bid on such lot in the last 3 minutes of bidding. For each additional bid thereafter, the bidding will extend for an additional 3 minutes. This is aimed at preventing sniping in the last moment of any auction. Therefore, bidders are encouraged to bid early and pay close attention at the end of any auction for last minutes bidders or use the “max bid” function on the auctioneer’s website to ensure your bids will be kept up automatically. In addition, please check to see if you are bidding on a "Linked Lot". This means that the ending for the lot is just like a regular soft close mentioned above except that multiple lots are linked together so that if one lot has its bidding extended, all the other lots that are linked will also have their bidding extended. PAYMENT: The successful Bidder MUST tender the Total Purchase Price for the item no later than the 2nd business day after the conclusion of the Auction to the escrow account of Porzio, Bromberg & Newman, P.C Time is of the essence. A 10% buyer's premium shall be added to each final invoice in order to determine the Total Purchase Price owed. Payment must be made by wire transfer, bank check, or, for items under $500, only by credit card. Any deposit amounts held by the escrow agent will be credited towards the Total Purchase Price. If payment is made by bank check, it may take an additional 10 days for title to be released. Therefore, Wire transfer is preferred. The failure to make a timely payment shall be deemed a material default under the terms of the Auction. Under such circumstance, the Bidder shall (i) forfeit to the Debtor any and all right to deposit held by escrow agent; and (ii) shall be responsible to the Debtor for compensatory damages. Additionally, AuctionAdvisors reserves the right to resell a successful Bidders' lots at the expense and risk of such Bidder. FINAL PAYMENT DEPOSIT WIRE INSTRUCTIONS: Porzio, Bromberg & Newman, P.C. NJ Attorney Trust Account M&T Bank 465 Main St, 5th Floor Buffalo, NY 14203 Account Number: 9864065108 ABA Routing Number: 022000046 IMPORTANT NOTICE FOR LOTS (VEHICLES) NOT LOCATED AT 187-189 Foundry Street Newark, NJ 07105 (c/o VM Trucking) or 9615 Norwalk Blvd Santa Fe Springs, CA 90670 (c/o FleetYards). Please be sure to read the description carefully for any additional terms & conditions related to these specific lots. REMOVAL: No Equipment (Lots) will be released to a successful Bidder until Court approval of the Sale, payment of the Total Purchase Price and such funds clearing to the satisfaction of the escrow agent, Porzio, Bromberg & Newman, P.C., and the satisfaction of all other conditions of sale, including but not limited to the BSA/AML checks (see below section BSA/AML COMPLIANCE). For vehicles, in addition to being paid in full, a successful Bidder must present valid proof of insurance to drive the purchased vehicle prior to or concurrent with pick up of the Equipment. Successful Bidders must remove Equipment from the applicable premises at their own risk, expense and liability. AuctionAdvisors is not responsible for items that are not removed within ten (10) days of the Auction, or as otherwise set at the discretion of AuctionAdvisors. In the event any purchased item is not removed in a timely manner, AuctionAdvisors has the option of dumping, storing or re-selling any such item purchased, in addition to forfeiting any deposit amount paid. The costs associated with any such activities shall be at the expense and risk of the successful Bidder. All items MUST be picked up during the posted time frames. For vehicles, original titles will be mailed to each successful Bidder via guaranteed mail. Such original titles will be delivered within approximately fifteen (15) days, however, in the event the Debtors are acting reasonably and in good faith, failure to meet such time frame shall not be a risk assumed by the Debtors or AuctionAdvisors. Removal dates are as follows: NEWARK LOT: 187-189 Foundry Street Newark, NJ 07105 (c/o VM Trucking) August 8th – 12th SANTA FE SPRINGS LOT: 9615 Norwalk Blvd Santa Fe Springs, CA 90670 (c/o FleetYards) August 8th – 12th Times are from 10AM to 4PM or as otherwise posted on Auctioneer’s website or arranged with the Auctioneer. For vehicles that are located in repair shops or other location, pickup must be arranged through the respective repair shop or other location in which the vehicle is located. The location of the vehicles are posted in the online catalog. SPECIAL NOTICE FOR VEHICLE PURCHASES: Vehicles and their contents will be sold "AS IS, WHERE IS," with no warranties, either expressed or implied, including, but not limited to, any warranty of use or merchantability. Buyer agrees that all vehicles are being offered "With All Faults." All bidders, including Buyer, are responsible for inspecting vehicles prior to bidding and each bidder represents that it has done so and is being allowed to bid at this auction in reliance upon such representation. Neither Auctioneer nor Seller shall be responsible for any printed errors or omissions in regard to year, make, model or mileage of vehicles or any other defects. The successful bidder must register the vehicle with the state Motor Vehicle Department after purchasing it and assumes full responsibility and costs for affecting the transfer and ownership registration. Seller warrants and covenants that it has title to, and is the true and legal owner of the vehicles being auctioned herein (subject to express exception below); that all vehicles are being sold free and clear from any liens unless otherwise indicated; and that Seller has the power and authority to sell and transfer title to any vehicle, subject to Court approval. In coordination with Auctioneer, bidders are responsible for vehicle transportation/removal of the vehicles from the auction site. Individuals must be at least 18 years old in order to bid on any vehicle. Do not bid on any vehicle unless you understand all the terms and conditions of this auction. By bidding, you are acknowledging and agreeing to comply with all such terms and conditions. If you are a winning bidder, you will provide us with a valid address in order to send the title. Vehicle pick-ups must be made on the referenced posted removal times or by contacting the Auctioneer and making an appointment. Your auction receipt will serve as your bill of sale. PRIOR TO BEING ALLOWED TO REMOVE ANY VEHICLES, THE WINNING BIDDER (IN ADDITION TO SUCH OTHER CONDITIONS EXPLICITLY SET FORTH HEREIN) MUST HAVE TENDERED FULL PAYMENT FOR THE VEHICLES AND PRESENTED VALID PROOF OF INSURANCE TO DRIVE THE PURCHASED VEHICLE. In the unlikely event that the Court does not confirm the sale, any monies held on deposit will be promptly returned to you. BY PARTICIPATING IN THIS AUCTION, YOU HEREBY ACKNOWLEDGE, AND AGREE TO, THE TERMS AND CONDITIONS SET FORTH ABOVE, AS WELL AS ANY OTHER TERMS/CONDITIONS OF SALE COMMUNICATED TO YOU BY THE AUCTIONEER. BSA/AML COMPLIANCE: In compliance with regulations promulgated by the Office of Foreign Assets Control ("OFAC"), all buyers are subject to usual and customary screens before being approved to purchase a vehicle. This may include, without limitation, buyers providing the auctioneer with their full name, address, date of birth, Social Security or other tax ID number, a valid driver's license and occupation. In the event an entity is purchasing a vehicle, a buyer maybe be required to provide constituent documentation on the entity, a completed W-9 Form, as well as the foregoing information with respect to any beneficial holder of such entity. In addition, all buyers must cooperate with any requests that Auctioneer deems reasonable and appropriate to comply with any legal and regulatory requirements relating to terrorism or money laundering. Such requirements may include, but are not necessarily limited to: Executive Order No. 13224, effective September 24, 2001, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56, the laws comprising or implementing the Bank Secrecy Act, the Foreign Corrupt Practices Act, as jointly enforced by the United States Justice Department and the Securities and Exchange Commission, and the laws administered by the United States Treasury Department's Office of Foreign Assets Control (as any of the foregoing orders or laws may from time to time be amended, renewed, extended, or replaced). Auctioneer may share review this information with a third party lien holder or related party who may require such information to itself comply with the foregoing regulations. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 500.00 25.00 USD
500.01 - 2,500.00 100.00 USD
2,500.01 - 5,000.00 250.00 USD
5,000.01 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10% Added to Final Invoice
Payment Terms
The successful Bidder MUST tender the Total Purchase Price for the item no later than the 2nd business day after the conclusion of the Auction to the escrow account of Porzio, Bromberg & Newman, P.C. See wiring details in Terms & Conditions. Time is of the essence. A 10% buyer's premium shall be added to each final invoice in order to determine the Total Purchase Price owed. Payment must be made by wire transfer, bank check, or, for items under $500, only by credit card. Any deposit amounts held by the escrow agent will be credited towards the Total Purchase Price. If payment is made by bank check, it may take an additional 10 days for title to be released. Therefore, Wire transfer is preferred. The failure to make a timely payment shall be deemed a material default under the terms of the Auction. Under such circumstance, the Bidder shall (i) forfeit to the Debtor any and all right to deposit held by escrow agent; and (ii) shall be responsible to the Debtor for compensatory damages. Additionally, AuctionAdvisors reserves the right to resell a successful Bidders' lots at the expense and risk of such Bidder.
REMOVAL: No Equipment (Lots) will be released to a successful Bidder until Court approval of the Sale, payment of the Total Purchase Price and such funds clearing to the satisfaction of the escrow agent, Porzio, Bromberg & Newman, P.C., and the satisfaction of all other conditions of sale, including but not limited to the BSA/AML checks (see below section BSA/AML COMPLIANCE). For vehicles, in addition to being paid in full, a successful Bidder must present valid proof of insurance to drive the purchased vehicle prior to or concurrent with pick up of the Equipment. Successful Bidders must remove Equipment from the applicable premises at their own risk, expense and liability. AuctionAdvisors is not responsible for items that are not removed within ten (10) days of the Auction, or as otherwise set at the discretion of AuctionAdvisors. In the event any purchased item is not removed in a timely manner, AuctionAdvisors has the option of dumping, storing or re-selling any such item purchased, in addition to forfeiting any deposit amount paid. The costs associated with any such activities shall be at the expense and risk of the successful Bidder. All items MUST be picked up during the posted time frames. For vehicles, original titles will be mailed to each successful Bidder via guaranteed mail. Such original titles will be delivered within approximately fifteen (15) days, however, in the event the Debtors are acting reasonably and in good faith, failure to meet such time frame shall not be a risk assumed by the Debtors or AuctionAdvisors. Removal dates are as follows: NEWARK LOT: 187-189 Foundry Street Newark, NJ 07105 (c/o VM Trucking) August 8th – 12th SANTA FE SPRINGS LOT: 9615 Norwalk Blvd Santa Fe Springs, CA 90670 (c/o FleetYards) August 8th – 12th Times are from 10AM to 4PM or as otherwise posted on Auctioneer’s website or arranged with the Auctioneer. For vehicles that are located in repair shops, pickup must be arranged through the respective repair shop in which the vehicle is located. The location of the vehicles are posted in the online catalog.