Guangzhou Shipping Exchange Co., Ltd. Bidding Announcement of MV ＂TIGER LIAONING＂

2021-03-02 17:09By： xinde marine news

Commissioned by our entrusting party, Guangzhou Shipping Exchange Co., Ltd. (GSE) determines to organize an online bidding for a bulk carrier named “TIGER LIAONING”. The announcement is stated as follows.

I. Description

Reserve Price: USD 17,500,000.00

Deposit: USD 1,750,000.00

Increment：≥USD 20,000.00

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

II.Qualifications and Registration of Bidders

Any corporation outside The People's Republic of China with full capacity for civil conduct and lawfully existing may participate in this bidding.

Interested bidders shall visit https://www.gse020.com/#/ to register a member account and become a qualified bidder. The following documents are required to be uploaded in the process of applying for bidding:

1.Voucher of deposit payment from the paying bank.

2.Identity documents of the bidder: scanned copies of Certificate of Incorporation, passport copy of Director and Power of Attorney are needed.

3.If the buyer is participating through a broker or agent: ID documents, Power of Attorney and other files approved by GSE and the Entrusting Party.

4.All time stated in this announcement are Beijing time.

Deadline for online bidding registration: 16:00 March 17, 2021.

A qualified bidder refers to a bidder which completes the following steps and be fully aware of, accepting and complying with the contents of this announcement and the measures for the implementation of the bidding of GSE:

a) Finish registration of member account

b) Pass the identity audit

c) Remit the deposit and upload the payment voucher

d) Deposit received by escrow account of GSE

e) Pass the bidding registration audit before 16:00 on March 19, 2021 in China

f) Get a bidding number

III. Auction Deposit

Bidders shall remit the auction deposit of USD1,750,000.00 to the account of GSE before 12:00 on March 17, 2021. Subject to the payment receipt time; the deposit payer should be consistent with the bidder's name. 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. Any bidder remitted auction deposit shall be deemed to be fully aware of and accepting all the known and unknown defects of the ship.

USD Account:

Account Name: Guangzhou Shipping Exchange Co., Ltd.

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

Account No.:3602056909200307338

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

Swift Code: ICBKCNBJGDG

CNAPS：102581000290

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

Note: Tiger Liaoning.

Subject to the time of receipt of the account, any bidders failed to remit the auction deposit as required will be deemed as invalid bidders. The bid winner is called the “Purchaser”. The auction deposit paid by the Purchaser will be automatically converted into a Ship Deposit after “Memorandum of Agreement” (MOA) is signed. Unsuccessful bidders' Auction Deposits will be refunded in full amount within 10 working days without interest.

IV. Bidding Time and Rules

The whole bidding process is consisted of a fixed time bidding and the extension time bidding. The fixed time bidding: 16:00 to 16:30, March 22, 2021，the extension time bidding begins from 16:30. The last valid bidder shall be the “Purchaser”. The termination of this bidding come in to force when no bidder bids before the countdown runs out.

This online bidding is organized at https://www.gse020.com/#/boatbidding by GSE. The first bid shall not be lower than the starting price, the increment of this bidding is USD20,000.00. The countdown shall automatically restart from 4 minutes 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 Purchaser.

The server time of https://www.gse020.com/#/boatbidding 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.

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.

V. After the end of the bidding, the Purchaser must sign the “Purchase Confirmation” by Email on the day when the result of bidding is generated. The Purchaser must sign the “Memorandum of Agreement” with the Entrusting Party as soon as possible. In case of the Purchaser refusing to sign the “Purchase Confirmation” and (or) “Memorandum of Agreement” shall be deemed as the behavior of default, the Purchaser 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 Purchaser 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 Purchaser shall pay for the balance.

VI. Commission

Agreed by the Entrusting Party, the Purchaser 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 “Memorandum of Agreement”.

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

After signing the “Memorandum of Agreement”, the Purchaser shall pay the full transaction price in accordance with the terms of the MOA. Overdue payment will be deemed as default. The Purchaser shall not be entitled to demand the refund of the deposit.

VIII. Memorandum of Agreement

The “Memorandum of Agreement” is based on “Memorandum of Agreement Norwegian Sale Form 2012” (NSF’2012), all trading terms stated in this announcement and adding other terms both parties agree with. The Purchaser shall pay the residual balance and other related charges before signing the PODA.

After the delivery of the ship, receiving the PODA and the formal notice of remittance，GSE will remit the full amount for 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 Purchaser.

X. The remaining fuel is not included in this bidding. The amount of fuel shall be jointly measured by the Entrusting Party and the Purchaser on the day of delivery. The value of the remaining fuel is subject to the invoice price of the latest bunkering of this ship. If the invoice price could not be provided, both parties agree that the value shall subject to the Platts Singapore price on the day of delivery of the vessel. The Purchaser 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 PODA. After signing the PODA, all the expenses, custodial responsibility and risks of the ship will be borne by the Purchaser.

XII. Special Note

2) The Purchaser have to arrange the underwater inspection as soon as possible once the MOA has been signed. Purchaser shall pay for the cost (Including but not limited to the consumed fuel value, port charge) of putting the vessel to the next UWI available position if purchaser failed to arrange the UWI at first UWI available position.

XIII. 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 basis of “as is, where is”, bidders can organize ship inspection at their own expense within the announcement period. If bidder waive the right of inspection is deemed as fully understood the ship status. 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 Hang Qing Bao Auction Co., Ltd., the Entrusting Party and the Winning Bidder may negotiate matters not mentioned herein.

This announcement is described in both Chinese and English. If any discrepancy occurs between the two languages, the Chinese version shall prevail.

XIV. Inspection

Inspection Time: March 1, 2021 —March 17, 2021(Beijing Time),

during the time of the ship berth at the port.

Inspection Contact: Mr. Zhou +86 15918795024 zry@gse.net.cn