Announcements Ward Industries offers Slip Ring AC Motors on Oct. 7, 2008 Important Proxy Bidding Changes Effective Jan. 1, 2008 Interested in Selling on ScrapSite?

Categories: All Site

Ward Industries from Troy, Michigan will be offering 152,000 lbs. of Slip Ring AC Motors in an Open-Bid Auction on Tuesday, October 7, 2008 starting at 12:00 a.m. (midnight) and scheduled to close at 2:00 p.m. Eastern Time.

152,000 lbs. of Slip Ring AC Motors:

Commodity Description: Slip Ring AC Motors. They are wound with copper both on the rotor and on the stator. The motors are not DC, but have a similar recovery. They are excited by DC then run on AC. All motors are guaranteed to have double windings - both on stator and armature.No free iron, dirt, compressors, rubber, non-metallics, sealed units. All material sold "AS IS, WHERE IS", not on a recovered basis.

Shipping Terms: Seller will guarantee a minimum net weight of 38,000 lbs to be loaded in dump trucks or 20-foot export container. Shipping Terms: FOB Shipping Point, Dallas, Texas 75244. Loaded dump trucks or 20-foot export container (all freight is for the account of the Buyer). Logistics: NOTE: Buyer must allow 12 hours minimum to load container. Buyer is to make all freight arrangements and schedule pickups in a timely manner, in accordance with Seller's scheduling instructions.

Payment Terms: "Cash in advance", prior to loading. All wire transfer fees by originating bank are for account of the Buyer.

Available Shipping Dates: Oct. 7, 2008 to Oct. 21, 2008.

Photos of this commodity:
Buyer inspection invited. Any photos or descriptions provided are for reference purposes only as to the type of material being sold.
Photo 1
Photo 2
Photo 3
Photo 4



To view Ward Industries' Terms and Conditions of Sale, click here.

To learn more about this Seller, click here.

Based upon feedback received from Buyers, we have made modifications to the way that "Proxy Bidding" works on ScrapSite, effective January 1, 2008.

Previously, if you had selected the "Proxy / Maximum" bid option, the system would place your bid such that it would try to hit the Seller's pre-set reserve price, to ensure that the material had to be awarded. However, numerous Buyers commented that, since the Seller has the option of lowering the reserve price at the close of the auction, they would rather have the system place their proxy bid at a level just enough to keep them in contention for winning material (in relation to other bids placed), and not automatically strive to hit the Seller's reserve price.

Thus, the new rules for Proxy bidding on ScrapSite are provided below. Proxy bidding is only available in Open-Bid auctions.

When you place a "Proxy / Maximum" bid:

1) If no other bids have yet been placed, the system will place your initial bid at the starting bid price, or

2) If bids have already been placed by other bidders, the system will either:

· Place your bid price matching the previous high price, if possible, based on your quantity bid and quantity still obtainable, or

· Place your bid one increment higher than the previous high price, in order to assure that your bid is in contention for winning material.

With a Proxy bid, the system will automatically bid for you incrementally, as needed, to keep you in contention for winning material, until either new prices bid by others exceed your maximum bid amount or the auction closes. You can now enter your proxy/maximum bid and let the system bid for you -- this saves you time, as you do not need to continuously monitor the entire auction! You can continue to update (raise) your Proxy bid as long as the auction is in progress. Remember, in an Open-Bid auction, the Seller does not have to award the material unless their reserve price has been met.

Note: A "Proxy / Maximum" bid retains its original Bid Time/Date stamp, even when the system bids for you. If you manually increase your proxy bid price or quantity, your Bid Time/Date will be the new time the updated bid was submitted and recorded. Warning: If a proxy bid for the full quantity offered is the first place bid near the close of an Open-Bid auction (i.e., final three minutes), the auction may not extend unless another bid exceeds the maximum bid amount set for that proxy bid.

Here is a link to a document that provides additional details on Proxy Bidding, Bid Ranking, and ScrapSite's "Quick Bid / Auction Status" page, which allows you to monitor all auctions for a particular day on a single web page. (After the slideshow opens, click the left mouse button or press the right arrow key on your keyboard to advance through the slides):

http://scrapsite.net/ss_commerce/demos/proxy.pps

If you have any questions or require assistance, please contact ScrapSite at 412-661-6429. Thank you, and Happy Bidding!

Do you have scrap metals or plastics that you want to sell? Let ScrapSite help you get started selling your products o­n the Web. We can help you reach a larger audience of buyers, and save you time in the process. For more information, view our Brochures Page or contact our sales team at 877-544-4458 or e-mail sales@scrapsite.net.