Guangzhou Shipping Exchange Co., Ltd. Bidding Announcement of ＂TONG SHENG 1401＂

2021-05-25 14:04By： xinde marine news

Commissioned by our entrusting party, Guangzhou Shipping Exchange Co., Ltd. (GSE) and Guangzhou Hang Qing Bao Auction Co., Ltd. determines to organize an online bidding for an LCT type self-propelled deck barge named “TONG SHENG 1401”. The announcement is stated as follows.

I. Description

Reserve Price: USD900,000.00

Deposit: USD90,000.00 or RMB600,000.00

Increment：≥USD 10,000.00

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.

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, passport copy of Director and Power of Attorney are needed.

3. ID documents, Power of Attorney and other files approved by GSE and the Entrusting Party are needed for a commissioned party to participate.

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

Deadline for online bidding registration: 16:00 June 2nd, 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

e) Pass the bidding registration audit

f) Get a bidding number

III. Auction Deposit

Bidders shall remit the auction deposit of USD90,000.00 or RMB600,000.00 to the account of GSE before 12:00 on June 2nd, 2021. Subject to the payment receive 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.

1.USD Account:

BANK NAME： INDUSTRIAL AND COMMERCIAL BANK OF CHINA，GUANGZHOU NANSHA SUB-BRANCH

BANK ADDRESS: NO.3,WANGJIANG 2ND STREET, HUANGGE, NANSHA DISTRICT，GUANGZHOU，CHINA

SWIFT CODE：ICBKCNBJGDG

BENE'S A/C NO：3602056909200307338B

ENE'S NAME： Guangzhou Shipping Exchange Co., Ltd.

Note: TONG SHENG 1401.

2.RMB Account:

BENE'S NAME：广州航运交易有限公司

BANK NAME：中国工商银行广东自贸区南沙分行

BENE'S A/C NO：3602056929200509531

Note: TONG SHENG 1401.

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 3 banking 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, June 2nd, 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 USD10,000.00. 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, Guangzhou Hang Qing Bao Auction Co.,Ltd. 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, Guangzhou Hang Qing Bao Auction Co.,Ltd. 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 Guangzhou Hang Qing Bao Auction Co.,Ltd. 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% of the final price , the payment must be made to GSE within 10 working days from the date of signing the “Memorandum of Agreement”.

The Purchaser 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. Ship delivery and acceptance

The time and terms of delivery and acceptance shall be settled in the MOA. 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 must issue 13% VAT invoice of the ship value. The calculated RMB purchase price has included tax. All taxes and fees arising from the transfer shall be borne by the Purchaser.If the ship needs to be exported outside PRC, the Purchaser shall be responsible for the export procedures and pay all the expenses related. The Entrusting Party shall only be responsible for providing necessary documents and cooperating with the relevant procedures.

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.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.

XII. Special Note

(1) This newly-built deck barge has been suspended since been built and finished its renewal survey in April 2020.

(2) For a Chinese Purchaser, the final purchase price shall be calculated according to the CNY central parity rates on the interbank foreign exchange market announced by the People's Bank of China of the bidding day plus 13% VAT, i.e. RMB purchase price=USD purchase price×exchange rate×1.13.

XIII. Disclaimer

All description, video and pictures provided about the ship is for reference only, GSE and Guangzhou Hang Qing Bao Auction Co.,Ltd. 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: May 24, 2021 —

June 2, 2021(Beijing Time),

Inspection Contact:

Mr. Zhang+86 13606079613

Ms.Qin +86 13802779424

Inspection/Delivery Location: Nantong Tongsheng shipyard dock.

XV. Contact

Ms. Qin +86 13802779424，

qiny@gse.net.cn