Qingdao Maritime Court of the People's Republic of China announcement

This court on June 19, 2019 accepted and dealt with the case regarding a vessel mortgage contract dispute between the plaintiff National Bank of Greece S.A. against the defendant Blue Laoura Maritime S. A.

 

This court, according to laws, conducted maritime preservation measures and detained the vessel "M/V Blue Marlin I" with the flag of Liberia that belongs to Blue Laoura Maritime S. A. and is docked at China's Weihai Port. With the expiry of the detention period, the defendant refused to provide the guarantee and the vessel is not suitable to be detained any longer, the plaintiff National Bank of Greece S. A. applied to this court to auction the vessel.

 

This court on Nov 6, 2019 handed down a civil ruling (2019) Lu 72 Min Chu No 1253 to auction the vessel. The auction committee of the vessel "M/V Blue Marlin I" has been established and decided to auction the vessel publicly at 10 am on April 10, 2020 on the judicial auction platform of taobao.com (web address: http://sf.taobao.com/0532/13).

 

Overseas bidders who will bid for the vessel through entrustment should submit related entrustment documents to this court before the auction date. Every bidder who wants to buy the vessel should provide a deposit of US $1 million payable to: IRVTUS3N (bank: THE BANK OF NEW YORK, NEW YORK FOR A/C OF: 8900330686; beneficiary bank: ABOCCNBJ380, AGRICULTURAL BANK OF CHINA, HEAD OFFICE; IN FAVOR OF: AGRICULTURAL BANK OF CHINA QINGDAO BRANCH ( 中国农业银行青岛市分行), BENEFICIARY'S A/C NO. 38020414040000241, NAME: QINGDAO MARITIME COURT).

 

Bids should be paid in US dollars. Taobao.com only serves an auction platform. The bidders should change the bidding price from Renminbi into US dollars according to the exchange rates on the bidding day and remit the money to the account of this court as shown above.

 

Please refer to related web notices for further information, such as the status of the vessel, starting bidding price, auction requirements and details. On site viewing of the vessel will close before the auction day. The auction is based on the status quo of the present vessel and this court is not responsible to guarantee the flawlessness of the vessel. The auctioneer will not promise anything covering transferring ownership of the vessel and will not burden any fee or tax for the transfer. Failure of the vessel to work or any extra costs that are caused by a third party will be covered by the bidder themselves.

 

After transferring the vessel from the auctioneer to the buyer, the buyer should take delivery of the vessel in a timely manner and go through the procedures to transfer the ownership of the vessel; otherwise, the buyer should pay for all fees resulting from the delay and any possible damage or loss of the vessel.

 

Anyone who claims the rights to the vessel should register the creditor's rights with this court within 60 days of the publication of this notice; otherwise, it is deemed that the claim rights are waived and no compensation should be claimed from the auction.

 

Source:Chinadaily

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