by the transferor, we decide to hold an online public auction on
www.shipbid.net from 10:00 to 11:00 on Jan 16, 2020.
Auction Object: “MARIA” Oil Tanker
Ulaanbaatar; Original Class: Sing Class (unvalid);
LOA: 100.07m; MLB: 19.05m; MLD: 10.50m; GRT: 5511; NRT: 1978; DWT: 7063.50t;
ME: YANMA 8N330-EN (Zi Bo) * 1 set 9480kW; Blt: Nanjing East Star Shipbuilding Co.,Ltd . CN on Jan
15, 2011. (Data above refers to the ship inspection certificate)
The ship is lay-up.
Rules: it has no reserved price and bids with one or more bidders. The starting
price is USD 3.1 million, and the deposit is USD 0.3 million (or RMB 2.0million).
Bid increase: a multiple of USD 0.01 million.
Application: Application time: from the announcing time until Beijing Time
16:00 on Jan 15, 2020 (subject to the time of deposit). After the deadline, no
application will be accepted. This auction accepts the application of natural
persons or companies. After expiration of this listing period, if no bidder is
collected, the content shall not be changed and the listing period shall be
extended with a period of 5 working days. During this period, if only one
bidder is collected, the bidder shall be identified as the buyer; if two or
more bidders are collected, the transfer shall be made by auction at the time
specified in the announcement.
Inspection place: Fu’an Port;
The ship is lay-up
, please contact the auctioneer for exact inspection
Industrial and Commercial Bank of China, Zhoushan Branch
Add: No.628 Dingshen Road Lincheng Zhoushan China
Zhoushan Yi Ge Ship Auction Co., Ltd
Contacts: 0580-2027516 Mrs Ye, 0580-2038333 Mr Zhou.
Shipping Exchange Co., Ltd.
Yi Ge Ship Auction Co., Ltd.
Bidding Rules is made by relevant laws, regulations and policies of our Country
and with Shipbid practical situations, to standardize the bidding behaviors,
maintain an open, fair and equal transaction order, and protect legitimate
rights and interests for all the parties involved.
Article 2 The
Transaction Rules of the ship bidding (hereafter to be referred as bidding) is
suitable for standardizing all the online bidding behaviors. All the parties
involved should abide by the Rules and bear legal responsibilities for their
Article 3 All
legal personalities, natural persons and other organizations in and abroad PRC
can participate in the bidding only if they have the qualifications of the
auction announcement except those provided by laws and regulations.
Article 4 The
auction announcement and other documents are formulated by the auctioneer.
Article 5 The
auction information including videos, pictures and written introductions
offered by the Seller will be uploaded through the Shipbid system after
verified by the auctioneer.
Article 6 The
Seller shall take all the legal responsibilities and economic losses if he
provides with fake information.
Article 7 The
bidders couldn’t participate in the bidding activities until they register as
the buyers through the Shipbid system.
should be kept safely. If forgotten, bidders could retrieve through the Shipbid
system. And if divulged, bidders should login in time to change the passwords.
Before submitting the application for the bidding, the bidders should carefully
read the auction announcement, ship’s information, transaction rules and other
relevant documents, then login the Shipbid system to fill in true and effective
information as required.
Article 9 The
bidders should submit the applications in accordance with the auction
announcement before the Shipbid starts.
personalities, natural persons and other organizations need joint-bidding, they
should fill in related information and the proportion of capital contribution
of each party as required and sign the Joint Bidding Statement.
Article 10 The
bidders apply on the Shipbid system by themselves, and pay the deposit either
on line or offline. Foreign bidders could also apply for bidding with the
Guarantee Letter of bank as the auctioneer required. One deposit is only for
one lot. And if the bidders want to bid several ships at the same time,
corresponding deposits are required.
are entitled to bid only if the deposit fully paid to the nominated account
(based on the arrival time of the deposit) or the original Letter of Guarantee
delivered to the auctioneer (based on the arrival time of the Letter of
Guarantee to persons in charge) within the required time. The bidders shall not
be eligible for bidding if the deposit is delayed or not fully paid or the
Letter of Guarantee is not received on time.
Article 11 The
bidding shall be conducted with time limit. Qualified bidders can participate
in the bidding. The initial offer shall not be lower than the starting price
and each offer shall be no less than the specified bid increment.
If it is an
auction with reserve price, “YES” will be revealed in the system. Otherwise it
will display “NULL”.
Article 12 The
bidder shall make a cautious bid, and the offer will be irrevocable once
Article 13 The
last limited time of the Shipbid is FIVE (5) minutes. If there is a new bid
within 5 minutes countdown, another 5 minutes will be set.
No new offers
would be accepted after the final countdown, and the bidding history will be
Once there is/are (a) bidder offer(s) in the Shipbid, the target bidder
(hereinafter called the Buyer) shall be confirmed in accordance with the
there is no reserve price, the highest bidder would be the Buyer.
is a reserve price, the bidder with the highest offer and not lower than the
reserve price would be the Buyer; If the highest offer is lower than the
reserve price, the bidding will be pass.
When the time
for the bidding is over, the bidding system will be automatically closed.
Article 15 The
Buyer should confirm his qualification with the enterprise or individual valid
certification to the auctioneer within 3 working days after the bidding. After
verification and confirmation, the Buyer should sign the Purchase Confirmation.
If the Buyer's
qualification is not approved, the bidding result will be invalid, the deposit
would be confiscated, and the lot should be bid again. The Buyer should pay the
commissions for both parties due to his breach of the contract; Also, the
previous Buyer should pay the balance of price if the final purchase price is
lower than the first purchase one.
Article 16 The
payment of balance shall be remitted to the nominated account in time according
to the Purchase Confirmation.
Article 17 The
Buyer should sign the Sale and Purchase Agreement by the Purchase Confirmation
with the seller within the required time and make relevant transaction
Article 18 The
auctioneer should publicize the bidding results through the Shipbid system
after the bidding.
After paying the balance, the Buyer himself should handover the lot and manage
the transaction procedures in time. If the Buyer fails to manage within
required time, he himself should pay the costs caused by the delay and afford
the consequences of possible damage or losses.
Article 20 The
Buyer himself should register the lot and bear all relevant expenses occurred
according to the regulations and policies during the transaction procedures.
Article 21 The
bidding currency is RMB. Both the starting price and purchase price do not
include the expenses and taxes occurred during transaction procedures.
Article 22 If
the bidder obstruct others to bid, manipulate or monopoly the bidding price, or
make malicious collusion, the auction will be cancelled once above behaviors
are found, and relevant legal responsibility will be borne by the bidder.
Article 23 If
the bidder cannot normally login the Shipbid system to apply, offer or bid
because of following reasons such as virus invasion, hardware failure, network
congestion or passwords forgotten and divulge, etc., he himself should bear the
consequences and the bidding will not be suspended.
Article 24 The
auctioneer reserves the right to suspend or withdraw the bidding before it
starts according to the laws and regulations.
Article 25 The
auctioneer reserves the right to suspend or withdraw the bidding if force
majeure or accident has caused the online auction to fail.
These rules are general rules for online auction transactions of ships. In case
of any conflict with the announcement or agreement of a single item, the terms
of a single item shall prevail.
concerned in the bidding all depends on Shipbid system service time, except the
deposit arriving time which depending on the bank recording time. All the time
of information arriving is subject to the time when the information received by
Shipping Exchange Co Ltd is responsible for the interpretation of the Rules.
1. This additional provision is a supplement to
the bidding rules and has the same legal effect as the bidding rules.
2. Auction Ship:
PoR: Ulaanbaatar; Original
Class: SING CLASS (unvalid); LOA: 100.07m; MLB: 19.05m; MLD: 10.50m;
GRT: 5511; NRT: 1978; DWT: 7063.50t; ME: YANMA
8N330-EN (Zi Bo) * 1 set 3310kW; Blt: Nanjing East Star Shipbuilding Co.
Ltd. CN on Jan 15, 2011. (Data above refers to the ship inspection
Remarks: The ship is lay-up.
The above data are recorded in the ship's
inspection certificate for reference only. The bidding object is subject to the
status at the time of inspection. If there is any discrepancy between the
actual situation and the data above, the bidding and bidding price won’t be disturbed.
Once the auction is concluded, the bidding company and the transferor shall not
assume any liability for defects or quality problems of the bidding target.
The bidders shall pay the bid deposit when
signing up, and provide other documents required by the transferor or the
4. After Auction
4.1 After the auction finished, the buyer must
confirm the result of auction by email or fax on the same day, and signed the
Purchase Confirmation with the bidding company within 2 working days after the
4.2 The bid deposits of the unsuccessful
bidders shall be returned within 2 working days after the auction, and the bid
deposit shall not bear interest.
Transfer (cancellation) and Delivery of the Ship
5.1 The buyer must pay 20% purchase price and all
the commission before 16:00 (Beijing Time) Jan 20, 2020, while the buyer must
pay the balanced purchase price and ROB charge on the delivery day (the bidding
deposit will be credited against part of the balanced purchase price at last
payment). Any delay shall be deemed as breach of contract.
5.2 The original shipowner shall, within
15 working days after signing the Protocol of Delivery and Acceptance Ship,
complete all the procedures of cancellation relating to the ship.
The buyer shall not start the ship or
shift it to other sea areas (except for force majeure such as weather) until
obtaining the ship's cancellation certificate.
The earliest delivery date: Feb 10, 2020, and the latest delivery
date: Feb 28, 2020.
Delivery Place: 1SAP Ningde Port, CN. The transferor shall send NOR with fixed
delivery time and place 10 working days ahead. The ship would deliver against
the inspected condition. The buyer is deemed to confirm the ship’s condition if
he did not inspect the ship at the nominated time.
following documents shall be delivered by the transferor to
the buyer in exchange of the Ship:
(1) Four (4) Original Bills of Sale (in British Form
10 a), duly notarized by a notary public in Malaysia.
(2) Original Meeting Board of Directors Resolutions
of the selling company approving sale of the Ship, duly notarized by a notary
public in Malaysia.
(3) Original Power of Attorney in favor of
person(s) execute the sale and signing MOA, Bill of Sale, Protocol of Delivery
and Acceptance and all other documents pertaining to the sale and the delivery
of the Ship to the Buyers, duly notarized by a notary public in Malaysia.
(4) Certified true copies of the Sellers' corporate
documents i.e. Articles of Incorporation, By-Laws, and of any amendments
(5) Original Certificate of Good Standing of
the Sellers issued by the appropriate HongKong Authorities dated not more than
ten (10) banking days prior to the date of delivery of the Ship.
(6) Original Certificate of Incumbency issued
by the Sellers’ company, dated not more than ten (10) banking days prior to the
date of delivery of the Ship.
(7) Original Certificate of Ownership and
Encumbrance for the Ship issued by the Mongolia Flag Registry dated on the
delivery time. If the original cannot be provided at the closing, the Sellers
shall provide a copy of the said Certificate of Ownership and Encumbrance and
the original shall be provided to the Buyers within 5 working days from the
date of delivery.
(8) Letter of undertaking by the Sellers in writing signed and stamped by the
authorized person to indemnify the Buyers against any maritime liens and other
debts whatsoever arising prior to the time of the Delivery of the Ship to the
(9) One (1) original Permission for Sale and Cancellation
issued by Mongolia Flag Authority and dated not more than Six (6) Working Days
prior to the Delivery.
(10) Certificate of Deletion issued by Mongolia Flag Registry no later than Ten
(10) working days after issuing Protocol of Delivery and Acceptance.
(11) Any other documents as may reasonably be required, by the
competent authorities of the Buyers' Nominated Flag State for the purpose of
registering the ship.
5.5 The following documents shall be delivered by
the buyer to the transferor:
(1) Certified true copy of the Buyers “Business License”.
One (1) Original English translation of same.
(2) One (1) certified true copy of all the “Memorandum and
Articles of Incorporation including all subsequent amendments thereto, if
any”. One (1) Original English translation of same.
(3) Resolution of
Buyers' Board of Directors approving the purchase of the Ship and the execution
of all documents in connection therewith, duly attested by a local lawyer or
notarized by local Notary Public. One (1) Original English translation of same.
(4) Power of Attorney duly attested by a local lawyer or notarized by local Notary
Public. One (1) Original English translation of same.
sales and purchases contract will be negotiated, revised and signed basis on
SALEFORM 2012 made by Norwegian Shipbrokers’ Association.
Auction commission: After the auction is completed, the buyer must pay the
bidding company 1% of the purchase price in USD as commission.
The transferor would provide with commercial invoice of the purchase price. All
expenses incurred after the ship handover shall be borne by the buyer himself.
6.3 When the ship is delivered, the buyer and the transferor
shall make on-site measurement of the remaining oil on the ship, and the price
of oil shall refer to the last 2 days of the listed price in the Singapore
Platts. On the day of delivery, the buyer shall pay for the ROB directly to the
account nominated by the transferor. The transferor would provide with ROB
All expenses and the custody responsibility incurred before the handover of the
object ship shall be borne by the transferor; After the handover of the ship,
the expenses and risks incurred by the object shall be borne by the buyer, and
the custody of the object shall also be borne by the buyer.
Matters not covered herein shall be settled through negotiation by the bidding
company, the transferor and buyer.
Zhejiang Shipping Exchange Co., Ltd.
Zhoushan Yi Ge Ship Auction Co., Ltd.
Jan 07, 2020