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 a general cargo ship named “EVER RICH”. The announcement is stated as follows.
（all data above for reference only）
Reserve Price: USD900,000.00
Deposit: USD 90,000.00
All the static information about the ships are for reference only, bidders can make inspections for the ship at the spanscribed 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 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.IDdocuments, Power of Attorney and other files approved by GSE and the Entrusting Party are needed for a broker commissioned to participate.
4.All time stated in this announcement are Beijing time.
Deadline for online bidding registration: 12:00 February 17, 2022.
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 USD 90,000.00 to the account of GSE before 10:00 on February 17, 2022.Subject to the payment receive time; the deposit payer should be consistent with the bidder’s name. Any bidder remitted auction deposit shall be deem ed to be fully aware of and accepting all the known and unknown defects of the ship.
BANK NAME: INDUSTRIALAND 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 NAME: Guangzhou Shipping Exchange Co., Ltd.
NOTE: EVER RICH .
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 depositpaid 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 working days without interest. The auction deposit does not constitute any counter guarantee of the entrusting party to its responsibility
IV. Bidding Time and Rules
The whole bidding process is consisted of a fixed time bidding and the extension time bidding. The fixed timebidding: 14:00 to 14:30, February 17, 2022，the extension time bidding begins from14:30. 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/#/boatbiddingby GSE. The first bid shall not be lower than the starting price, the increment of this bidding is USD20,000. The countdown shall automatically restart from 2 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.
※ Bidders must bid with cautious, and bidders are responsible for all operations under this account. Each member account can only be logged in on one terminal device. In order to ensure the normal operations of bidders, it is recommended to use a computer with 360 browser or IE browser . Do not use mobile phone to bid.
The server time ofhttps://www.gse020.com/#/boatbidding is deemed as the official time of this bidding. GSE and the Entrusting Party assume no responsibility when reasonslead 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 abnormally and suspension of bidding occurs due toforce 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 within 7 workingdays. In case of the Purchaser refusing to sign the “Purchase Confirmation” and (or) “Memorandum of Agreement” shall be deemedas the behavior of default, the Purchaser must compensate for the loss, assum elegal 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 belower than the price of the original bidding price, the original Purchaser shall pay for the balance.
Agreed by the Entrusting Party, the Purchaser will pay the commission of this bidding at 1.5% of the final price, the payment must be made to GSE no later than 5 working days before delivery.
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 tradingterms state in this announcement and adding other terms both party agreed with.The Purchaser shall pay the residual balance and other related charges (includingthe estimated bunker value) before signing the PODA.
IX. The Entrusting Party will only issue proforma 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 there maining 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 follow the Platts Shanghai price at 4 Business days before the date of delivery of the vessel.
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.
All deion, video and pictures provided about theship 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”, bidder scan 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 deemedas 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 BaoAuction 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 spanvail.
XIII. Inspection and delivery
(Due to pandemic and spanvention policiesof ports, whether the applications for inspection of EVER RICH will be acceptedis to be decided according to the actual situation .)
Delivery time and location: EVER RICH shall be delivered no later than 2022 March 31, by Seller’sOption at a safe berth/ anchorage in Janpan or Korea.
Here by notice.
Guangzhou Shipping Exchange Co., Ltd.
Guangzhou Hang Qing Bao Auction Co.,Ltd.
January 7, 2022