Transfer Announcement of Panamax Bulk Carrier "XIN TANG SHAN HAI 1"

Transfer Announcement
 
Entrusted by the transferor, an online public transfer activity has been held on www.hebaee.cn since the date of publication of this announcement till 17:02(Beijing Time) on August 26th, 2022.

1. Transferring Object:

MV “XIN TANG SHAN HAI 1”, Panamax Bulk Carrier; IMO: 9655822; Port of Registry: TANG SHAN, China; Class: CCS; Navigating Area: Unrestricted; LOA: 229.0m; MLB: 32.26m; MLD: 20.25m; GRT: 44725; NRT: 27509; Summer DWT: 81870.24mt; M/E: STX MAN B&W 5S60ME-C8.2, 11900kW@105rpm; Built Time: January 21st, 2013; Builder: Dalian COSCO Shipyard Co., Ltd, China. (Data above refers to the ship inspection certificates)

Remarks: One (1) set of Ballast Water Treatment System (BWTS) shall be accepted by the Buyers at extra cost together with the transferring object. For full details of BWTS purchase, please refer to the article 2 of this Special Provisions.

This transferring object shall be delivered and taken on an “as is where is” basis, as she is and where she is at the time that the Buyers take delivery.
 
2. The Starting Price is RMB152.88million, and the bidding deposit is RMB5 million (Or equivalent USD converted at the Buying Rate of Bank of China at the time of remittance). Bid Increment: a multiple of RMB 0.5 million.
 
3. Application and Inspection

Application is available from July 29th, 2022 to 11:00 AM on August 26th, 2022(Beijing Time).

Date and Place of Inspection: The potential bidders are invited to inspect the transferring object at Bohai Bay in China with an appointment with the transferor in advance.
 
4. Please click www.hebaee.cn and www.csi.com.cn for more details.
 
5. Hebei Property Right Market Co., Ltd with the registered address at Hebei public resources building, No. 9, Shiqing Road, Shijiazhuang City, Hebei Province; Zhejiang Shipping Exchange Market Co., Ltd with the registered address at 6th floor, bulk commodity trading center, No. 555 wengshan Road, Lincheng Street, Zhoushan City, Zhejiang province.
 
6. Contacts:

Ms Wen: +86-18058087023 / +86-580-2038333;
Ms Ye: +86-18058087027 / +86-580-2027516;
Mr Luo: +86-18533195911 / +86-311-66635110.

E-mail: auction@shipbid.net, wenyn@shipbid.net
 

Special Provisions

 
1. Transferring Object:

MV “XIN TANG SHAN HAI 1”, Panamax Bulk Carrier; IMO: 9655822; Port of Registry: TANG SHAN, China; Class: CCS; Navigating Area: Unrestricted; LOA: 229.0m; MLB: 32.26m; MLD: 20.25m; GRT: 44725; NRT: 27509; Summer DWT: 81870.24mt; M/E: STX MAN B&W 5S60ME-C8.2, 11900kW@105rpm; Built Time: January 21st, 2013; Builder: Dalian COSCO Shipyard Co., Ltd, China. (Data above refers to the ship inspection certificates)

Remarks: One (1) set of Ballast Water Treatment System (BWTS) shall be accepted by the Buyers at extra cost together with the transferring object. For full details of BWTS purchase, please refer to the article 2 of this Special Provisions.

This transferring object shall be delivered and taken on an “as is where is” basis, as she is and where she is at the time that the Buyers take delivery.
 
2. Major events and Disclosures:

(1) The deadline of receiving bidding deposit for this object is 11:00 AM (Beijing Time) on August 26th, 2022. The potential bidder can participate in the bidding after successful application before the deadline. The extended bidding will start immediately after 17:00 PM (Beijing Time) on the same day with every period of 120 seconds. The bid increment is a multiple of RMB 0.5 million.

(2) Date and Place of Inspection: The potential bidders are invited to inspect the transferring object at Bohai Bay in China with an appointment with the transferor in advance.

(3) The potential bidders can inspect the transferring object by themselves within the stipulated time.

(4) The transferor will provide Commercial Invoice for the Purchase Price.

(5) The transferor has ordered one (1) set of BWTS with type of ESC1200B from Qingdao Winkong Marine Engineering Co., Ltd., and the relevant rights and obligations shall be also transferred with the transferring object. The three parties shall sign a transfer agreement, confirming that the corresponding equipment, installation, rights and obligations are settled by the transferee and Qingdao Winkong Marine Engineering Co., Ltd. The transferee must pay for the ordered BWTS separately, and the purchase price of BWTS is RMB 1215362.33 (tax exclusive), including 3D scanning, design, submission for approval, etc., but excluding the cost of third-party sampling, testing and certification. The classification society can be changed within14 days after the design of onboard scanning. The transferor has signed a purchase agreement with Qingdao Winkong Marine Engineering Co., Ltd. and paid the deposit. The purchase agreement is displayed with the announcement.

(6) The expiration date of the special survey is July 27th, 2022, which has been extended to September 22nd, 2022.

(7) If it is settled in US dollars, it can be converted at the buying rate of Bank of China at the time of remittance.

Bidding Deposit USD Acct:
Beneficiary：河北产权市场有限公司
Bank：华夏银行石家庄分行营业部
Acct: 11650000001580861

(8) This transferring object shall be delivered and taken on an “as is where is” basis, as she is and where she is at the time that the Buyers take delivery. Information not covered herein shall be inspected by the potential Buyers themselves.

(9) If the bidder completes the registration and pays the deposit before the deadline, which is deemed to agree to bid at a price not lower than the starting price, otherwise, it will be treated as a breach of contract. If there are other bidders bidding, the above undertaking will be automatically exempted. If all the bidders do not bid, resulting in the failure of the transaction, the deposits paid by all bidders will be kept by the bidding company.

(10)The bidders must pay the deposit through their bank account of the company, and shall not use other accounts to pay on behalf.
 
3. Transfer requirements

(1) The transferee must pay 1.5% of the Purchase Price as the transaction service fee to the Hebei Property Right Market.

(2) After the bidding, the following work should be completed:
① Hebei Property Right Market Co., Ltd. will send the notice of bidding result to the transferee within 3 working days after confirming the bidding result; The transferee shall sign the transaction contract with the transferor and pay the transaction service fee to the designated account of Hebei Property Right Market Co., Ltd. within 7 working days from the next day after receiving the notice of bidding result;
② The transferee must pay all the transaction price to the account designated by the transferor in due time as specified in the mutually signed transaction contract. If it is settled in US dollars, it will be converted at the buying rate of Bank of China at the time of remittance.

(3) The transferring object information published in this announcement is for reference only The potential bidders can go to the agreed place to perform physical inspection within the announcement period. The submission of the application is deemed to have recognized and accepted the status quo and defects of the Transferring object, and bear all risks and consequences arising from the transfer of the object, and shall not return on the grounds of not knowing the status of the object.

(4) The transferring object shall be delivered and taken on an “as is where is” basis, as she is and where she is at the time that the Buyers take delivery. The latest delivery date is October 15th, 2022.

(5) The transferee shall conduct the registration procedures for the ownership at his own expense, and the transferor shall give necessary assistance and cooperation.

(6) The charges and taxes for transferring the ownership, if any, shall be borne by the Buyers.

(7) The risk and expenses in relation to the inspection shall be borne by the potential bidders. The transferor shall only be responsible for coordination work. According to the local epidemic prevention and control requirements, the relevant costs incurred shall be borne by the potential bidders. If the potential bidders are unable to take physical inspection due to epidemic factors, the transferee cannot raise an objection to the condition of the object.

(8) In the process of inspection, the potential bidder shall make full compensation for the losses and related fines caused to the transferor due to the unsafe behavior of the potential bidder.

(9) The transferor has ordered a set of ESC1200B type BWTS of Qingdao Winkong Marine Engineering Co., Ltd., and the relevant rights and obligations are also transferred with the object. The three parties shall sign a transfer agreement and agree that the corresponding equipment, installation, rights and obligations are settled by the transferee and Qingdao Winkong Marine Engineering Co., Ltd. The transferee must pay for the ordered BWTS separately, and the contact purchase price is RMB 1215362.33 (tax exclusive), including 3D scanning, design, submission for approval, etc., but excluding the cost of third-party sampling, testing and certification. The classification society can be changed within 14 days after the design of onboard scanning. The transferor has signed a purchase agreement with Qingdao Winkong Marine Engineering Co., Ltd. and paid the deposit. The purchase agreement is displayed with the announcement.

(10) The expiration date of the special survey is July 27th, 2022, which has been extended to September 22nd, 2022.

Information not covered herein shall be inspected by the potential Buyers themselves.
 
4. Registration

(1) The bidders shall submit the registration form and the letter of undertaking.

(2) The bidders shall provide the certified business registration certificate of the enterprise, and the passport/ID card of the director.

(3) The bidders shall submit other application and pay deposit in full to Hebei Property Right Market Co., Ltd according to the requirements of the announcement.

(4) Others requested by Hebei Property Right Market Co., Ltd.
 
5. Bidding Deposit (RMB Acct):

Beneficiary: 河北产权市场有限公司
Beneficiary Bank: 招商银行股份有限公司石家庄中华北大街支行
Account No.: 3119016568104030729084419
 
6. Deposit

(1) The deposit paid by the successful Buyers shall be used preferentially as the service fee to Hebei Property Right Market Co., Ltd after the bidding. And the balance of the deposit, if any, shall be refunded to the successful Buyers’ account without interests. (If it is settled in US dollars, it shall be converted at the buying rate of Bank of China at the time of remittance)

(2) The bidding deposits of the unsuccessful bidders shall be returned to their payment accounts by Hebei Property Rights Market Co., Ltd after the bidding without interests.

(3) The deposit shall not be refunded in case of the following circumstances:
(a)The bidders provide false information, disrupt bidding, malicious collusion or other violations of laws and regulations, resulting in the failure of the auction;
(b)The bidders obtain the business secrets of the transferor or transaction related parties by participating in the auction, which infringes the legitimate rights and interests of the transferor or transaction related parties;
(c)The bidders violate laws and regulations or the transaction rules of Hebei Property Rights Market Co., Ltd and take unfair competition behavior, which affects fair trading;
(d)The bidder unilaterally withdrew from the transaction after being confirmed as the transferee, and fails to perform the subsequent bidding procedures;
(e)The bidder unilaterally refuses to sign the transaction contract or fails to sign the transaction contract within the time limit required by the announcement after being confirmed as the transferee;
(f)The transferee fails to pay the transaction price and service fee in full within the time limit required by the announcement after the signing of the transaction contract;
(g)The bidders or the transferee violate the undertakings they made in the process of participating in the transaction;
(h)The bidders or the transferee violates laws, regulations or relevant provisions, causing losses to the transferor or Hebei Property Right Market Co., Ltd;
(i)Other situations in which the deposit is not refunded according to the transaction rules of Hebei Property Right Market Co., Ltd or laws and regulations.
If the bidders or transferee has any of the above behaviors, the deposit will not be refunded, and Hebei Property Right Market Co., Ltd will deduct the payable service fee from the deposit; If there is any balance, it will be remitted to the designated account of the transferor.

(4) If all bidders fail to bid in the bidding process, 10% of the deposit paid by each bidder shall be deducted.

(5) In addition to the disposal of the deposit, the non-breaching party shall still have the right to investigate other legal liabilities of the breaching party in accordance with relevant laws and regulations.
 
7. Others

The bidders must pay the deposit through their bank account of the company, and shall not use other accounts to pay on behalf, and subject to the receipt of bidding deposit.

 

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