GSE Bidding Announcement of MV “HAI QING”

2019-02-22 15:28By： xinde marine news

Commissioned by Hong Kong HAI KUO SHIPPING 1111 LIMITED (the Entrusting Party), Guangzhou Shipping Exchange Co., Ltd. (GSE) determines to organize an online bidding for a bulk carrier named “HAI QING”. The announcement is stated as follows.

Reserve Price：USD 6,200,000.00

Deposit：USD 620,000.00 or RMB 4,200,000.00

Increment：≥USD 10,000.00

Ship Photo：

Find more information about the ship at the website.

https://pan.baidu.com/s/1oAA0BDiIduIN6Ph32cIcDg

All the static information about the ships are for reference only, bidders can make inspections for the ship at the prescribed location within the announcement period.

I. Qualifications and Registration of Bidders

Any citizen, legal person and organization with full civil capacity may participate in this bidding. Interested bidders shall visit http://www.trade.shippingex.cn/f to register a member account and become a qualified bidder.

The following documents are required to upload:

1. Scanned copy of Fund Escrow Confirmation(Only for RMB deposit bidders).

2. Vouchers of the deposit payment from the bank.

3. Identity documents of the bidder. Scanned copy of ID card or passport is needed for a natural person; scanned copy of the business license (sealed), scanned copies of the legal person and agent’s ID card, Power of Attorney are needed for a domestic legal person to participate. For an oversea bidder, scanned copies of Certificate of Incorporation, Articles of Incorporation, passport copy of Director and Power of Attorney are needed.

4. ID documents and Power of Attorney are needed for a broker commissioned to participate.

Deadline for online bidding registration:

16:00 March 19, 2019(Beijing time)

A qualified bidder refers to the bidders remit the deposit, complete the process of online registration and assigned with a bidding number. A qualified bidder shall be deemed to be fully aware of, accepting and complying with the contents of this announcement and the measures for the implementation of the bidding of GSE.

II. Deposit/Letter of Guarantee

Bidders shall remit the deposit of USD620,000.00 or RMB4,200,000.00 to the account of GSE before 12:00 on March 19, 2019(Beijing time). In the event that the deposit is remitted from a third party account on behalf of the bidder, the name of the third party shall be consistent with the name stated in Power of Attorney.

a. RMB Account:

Account Name: HAI QING

Bank Name: Industrial And Commercial Bank of China Guangzhou Nansha Branch

Bank Address: No.3，Wangjiang 2nd street，Huangge Town，Nan Sha District，Guangzhou，China

Account No.：3602056935000004268

b. USD Account:

Account Name: Guangzhou Shipping Exchange Co., Ltd.

Bank Name: Industrial And Commercial Bank of China Guangzhou Nansha Branch

Bank Address: No.3，Wangjiang 2nd street，Huangge Town，Nan Sha District，Guangzhou，China

Account No.: 3602056929200307229

Swift Code: ICBKCNBJGDG

CNAPS：102581000290

Bid Bond/Tender Guarantee is acceptable from oversea bidders (in form of SWIFT ONLY), find reference at

https://pan.baidu.com/s/1oAA0BDiIduIN6Ph32cIcDg

Recipient Bank information:

Bank Name：INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, GUANGDONG PROVINCIAL BRANCH

Bank Address：ICBC TOWER, NO.29 DA SHA TOU ROAD, GUANGZHOU, GUANGDONG, P.R.CHINA,

SWIFT: ICBKCNBJGDG

Any bidders failing to remit the deposit as required will be deemed as invalid bidders. The deposit paid by the bidder who wins the bidding (the “Winning Bidder”) will be used to pay for the downpayment of the Ship automatically, the transaction price shall be paid in accordance with the signed MOA. For a domestic Winning Bidder, GSE shall provide assistance for currency purchase exchange(According to the bidding transaction on the day of The People's Bank of China RMB/US dollar exchange rate midpoint calculation), after the remittance of full amount of the final price (deposit deducted) is made to the account of GSE within 10 working days after signing the “Memorandum of Agreement”. Other bidders’ deposits will be refunded in full amount within 10 working days without interest.

III. Bidding Time and Rules

The fixed time bidding:16:00 to 16:30, March 20, 2019(Beijing time)，the extension time bidding begins from 16:30. The last valid bidder shall be the “winning bidder”. The termination of this bidding come in to force when no bidder bids during the fixed time bidding.

This online bidding is organized at http://www.trade.shippingex.cn/f/auctionList/list by GSE. The first bid shall not be lower than the starting price, the increment of this bidding is USD10,000.00. The countdown shall automatically accumulate 2 minutes based on the remaining time when a bidder bids in the extension time bidding stage. At the end of countdown, the latest bidder who offers the highest price shall become the Winning Bidder.

The server time of http://www.trade.shippingex.cn/f/auctionList/list is deemed as the official time of this bidding. GSE and the Entrusting Party assume no responsibility when reasons lead to the failure of bidders participating in the bidding due to personal time inconsistency, terminal device or network failure.

IV. GSE and the Entrusting Party assume no responsibility when website anomaly and suspension of bidding occurs due to force majeure or (and) the cause of third party. GSE will release a supplement announcement for the suspension of bidding. A new bidding announcement will be released after the website service comes back up.

This bidding is organized by GSE, Guangzhou Shipping Exchange is only responsible for the maintenance of the website system, both Guangzhou Shipping Exchange and the Entrusting Party shall not be held liable for all commercial disputes arising from the bidding service.

V. GSE shall release the result of this bidding at the bidding day. The Winning Bidder must sign the “Purchase Confirmation” within the same day after the bidding. The Winning Bidder must sign the “Memorandum of Agreement” with the Entrusting Party within 15 working days from the date of releasing the bidding result. In case of the Winning Bidder refusing to sign the “Purchase Confirmation” and (or)“Memorandum of Agreement” shall be deemed as the behavior of default, the Winning Bidder must compensate for the loss, assume legal liability and the deposit will not be refunded. GSE has the right to reorganize the bidding. In the case of re-bidding, the original Winning Bidder shall pay the commission for the first bidding. Should the price of a re-bidding be lower than the price of the original bidding price, the original Winning Bidder shall pay for the balance.

VI. Commission

Agreed by the Entrusting Party, the Winning Bidder will pay the commission of this bidding at 1.2% of the final price (subject to the final USD bidding price), the payment must be made to GSE within 10 working days from the date of signing the “Purchase Confirmation”.

The Entrusting Party must submit ship documents and pay the attestation charges of the ship to Guangzhou Shipping Exchange within 3 working days after the delivery of the ship. Guangzhou Shipping Exchange will issue the ship transaction invoice and the ship transaction certificate.

VII. The balance payment

The Winning Bidder must remit the full amount of the ship price to the regulatory account designated by GSE within 7 working days after signing the “Memorandum of Agreement”. Overdue payment will be deemed as default. The Winning Bidder shall not be entitled to demand the refund of the deposit.

VIII. Delivery of the Ship

The time limitation, place and condition of delivery will be issued in “Memorandum of Agreement” which is based on “Memorandum of Agreement Norwegian Sale Form 1993” (NSF’93). After the delivery of the ship, receiving the PODA and the formal notice of remittance，GSE will remit the full amount of the ship without interest to the Entrusting Party’s account within 3 working days.

IX. The Entrusting Party will not issue invoice of the ship and the remaining fuel. All taxes and fees arising from the transfer shall be borne by the Winning Bidder. The ship need to be imported in People's Republic of China, the Winning Bidder is responsible for the import procedures, all the expenses shall be borne by the Winning Bidder. The Entrusting Party is only responsible for providing relevant documents and cooperating with the procedures handling. Any penalty and other expenses arising from the overdue of the import formalities will be at the Winning Bidder’s account.

X. The remaining fuel is not included in this bidding. The value of the remaining fuel is subject to the invoice amount of the last time refueling of this ship. The Winning Bidder shall remit the value of remaining fuel in full amount directly to the Entrusting Party's account on the delivery day.

XI. All expenses and custodial responsibility related to the ship is for the Entrusting Party’s account before the signing of “Ship Delivery Agreement”. After signing this “Ship Delivery Agreement”, all the expenses, custodial responsibility and risks of the ship will be borne by the Winning Bidder. Before signing the agreement, the Winning Bidder must clear the full payment of the ship and other related charges.

XII. Disclaimer

All description，video and pictures provided about the ship is for reference only, GSE does not constitute any guarantee for the ship.

The Entrusting Party sells this ship under existing circumstances. A bidder remits deposit to GSE is deemed as fully understood all the circumstances of the ship, including but not limited to certificates, status and all known and unknown defects of the ship. Bidders shall not demur to the quality and defects of the ship with any reason.

Obstructing other bidders from bidding, manipulating or monopolize the bidding price and collusion of bidders are prohibited. Once discovered, the bidder will be disqualified, investigated, and affixed legal liabilities.

GSE, the Entrusting Party and the Winning Bidder may negotiate matters not mentioned herein.

XIII. Inspection

Inspection Time:

(Beijing time) February 21,2019—March 20,2019 and other time the ship berth at the port during the listing period.

Contact:

Mr. Zhou +86 15918795024 (by appointment)

Inspection Location:

berth ports during the listing period

Delivery Location:

China,or determined in consultation

XIV. Contact

Mr. Zhou: +86 15918795024