Commissioned by our entrusting party, Guangzhou Shipping Exchange Co., Ltd. (GSE) and Shanghai Shipping Exchange determines to organize an online bidding for a DWT 11,224 general cargo ship named “BLUE EMPEROR 1”. The announcement is stated as follows.
Reserve Price: USD1,700,000.00
Deposit: CNY 2,000,000.00
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.
II. Qualifications and Registration of Bidders
Any corporation inside or outside The People's Republic of China with full capacity for civil conduct and lawfully existing may participate in this bidding.
The shareholders and co-owners of this ship have the preemptive right in 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 upload in the process of applying for a bidding:
1.Voucher of deposit payment from the paying bank.
2.Identity documents of the bidder: scanned copies of Certificate of Incorporation, Business Profile, passport copy of Director and Power of Attorney are needed.
3.Preemption documentation: Legal and testified preemption files needs to be uploaded and audited. Anyone applied without the aforementioned documents submitted, it shall be deemed as giving up the preemptive right.
4. All time stated in this announcement are Beijing time.
Deadline for online bidding registration: 16:00 May 24, 2021.
A qualified bidder refers to a bidder finish 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
Bidders shall remit the auction deposit of CNY2,000,000.00 to the account of GSE before 12:00 on May 24, 2021. Subject to the payment receive time; the deposit payer should be consistent with the bidder's name. Any bidder remitted auction deposit shall be deemed to be fully aware of and accepting all the known and unknown defects of the ship.
Deposit Receiving Account(CNY):
BANK NAME：中国工商银行广东自贸区南沙分行
BENE'S A/C NO：9558853602005487979
Subject to the time of receipt of the account, any bidders failed to remit the auciton 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:10:00 to 10:30, May 25, 2021，the extension time bidding begins from 10:30. 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 USD15,000.00. 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. A bidder with preemptive right can always offer a price same with the current highest price which means this bidder becomes the Purchaser if no higher price is given.
The server time of https://www.gse020.com/#/boatbidding is deemed as the official time of this bidding. GSE , Shanghai Shipping Exchange 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, Shanghai Shipping Exchange 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 and Shanghai Shipping Exchange 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.
The Entrusting Party will pay the commission of this bidding.
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.
The Purchase Price of this bidding shall be calculated according to the exchange rate listed by The People's Bank of China (http://www.pbc.gov.cn/zhengcehuobisi/125207/125217/125925/index.html ). 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 ship will be delivered on basis of “as is”. The “Memorandum of Agreement” is based on “Memorandum of Agreement Norwegian Sale Form 2012” (NSF’2012), all trading terms state in this announcement and adding other terms both party agreed 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 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 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 Business day before the date 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 this PODA, all the expenses, custodial responsibility and risks of the ship will be borne by the Purchaser.
This ship was built by Zhejiang Taizhou Hongguan Shipping Co.,Ltd.(Zhishan branch) on April 22,2008. It was inspected and issued certificates by Taizhou ZC with its identification No.: CN20061188718，coastal navigation of China is approved. According to the regulations of ZC, the inspection files of this ship was transferred to Nanjing ZC of Jiangsu Province. Nanjing ZC issued ship inspection certificate after auditing and inspection (PRC Certificate of Ship's Nationality was not applied). For the purpose of operating international shipping, this ship was registered bareboat charter in Nanjing MSA according to regulations. Bareboat charter was granted to overseas companies to operate international shipping with Panama flag and ISR as classification society. This ship has been engaged in international shipping business since its beginning of business operation and the domestic ZC ship inspection certificate has not been renewed. If the ship needs to be transferred to arrange for domestic shipping, there shall be no legal problem. However, because the ship had been leased for quite a long time and all the ZC certificates were invalid, it was necessary to arrange a dock inspection, measure the tonnage of the ship is also needed, and then the Nanjing ZC will issued a new certificate and apply for the " PRC Certificate of Ship's Nationality ". It is hereby noted that if the Purchaser transfers this ship back to China for domestic shipping, the lost caused by suspension and expenses of this ship shall be borne by the Purchaser.
XIII. Inspection
Inspection Time: May 10, 2021 —
May 24, 2021(Beijing Time),
Inspection Contact:
Mr. Zhu：+86 13905153794
Ms. Chen: +86 17715281969
Ms. Qin: +86 13802779424
Inspection/Delivery Location: Safty port or anchorage in China, no later than June 17,2021.
XIV. 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.
XV. Contact
Ms. Qin +86 13802779424
qiny@gse.net.cn
Here by notice.
Guangzhou Shipping Exchange Co., Ltd.
Shanghai Exchange Co.,Ltd.
May 10, 2021
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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