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Bidding Announcement of Qi Xiang22
Bidding Ending Information
2019-12-06 10:00
2019-12-06 11:23
Total Bid:
14 times
Final Price:
Bidding Winner:
Bidding Status:
Starting Price:¥100,000,000 CNY
Bid Increment:¥50,000 CNY
Bidding Deposit:¥10,000,000 CNY
Preemption Claimant:None
Evaluation Price:None
Bidding Period:1 hours
Extension Cycle:5 min/time
Reserved Price:None
Type: Others
Bidding History(14)
Status Bidder Price(CNY)
623 ¥100,800,000
588 ¥100,650,000
623 ¥100,600,000
588 ¥100,550,000
623 ¥100,450,000
588 ¥100,400,000
623 ¥100,350,000
588 ¥100,300,000
623 ¥100,250,000
588 ¥100,200,000
More Details
Ship name
Qi Xiang22
Type of vessel Bulk Carrier
Entrust institution ZHEJIANG SHIPPING EXCHANGE Reference price(CNY) 100000000
State of the auction First auction Auction date 2019-12-06
Ship's classification 国际CCS Length overall(m) 225.00
Port of registry Length(m)
Molded breadth(m) 32.26 Molded depth(m) 19.60
Gross tonnage 40921.00 Deadweight/
Reference capacity(t)
Type of main engine MAN B&W5S60MC6 Total fixed power
(KW / h)
Shipyard Shanghai Shipyard Co., Ltd Completion date 2012-05-28
completion date
Bidding Rules
Special Provisions
Technical Report
Bidding History(14)

BiddingAnnouncement of “Qi Xiang 22” Bulk Carrier

Entrusted by the transferor, we decide to hold an online public auction on from Beijing Time 10:00 to 11:00 on December 06, 2019.

1. Auction Object: “Qi Xiang 22” Bulk Carrier

PoR: Shanghai; Class: CCS; LOA: 225.00m; MLB: 32.26m; MLD: 19.60m; GRT: 40921; NRT: 25963; DWT: 75657.70t; ME: MAN B&W5S60MC6 * 1pc 8833kW; BLT: Shanghai Shipyard Co., Ltd on May 28, 2012. (data above refers to the ship inspection certificates)

Remarks: The ship is on voyage.

2. Bidding Rules: it has no reserved price and bids with one or more bidders. The starting price is RMB 100million, and the deposit is RMB 10 million. Bid increase: a multiple of RMB 0.05 million.

3. Application requirements: Applicating from the announcing time until Beijing Time 16:00 on December 05, 2019 (subject to the time of deposit). This auction accepts the application both from natural persons and companies.

4. Inspection: At GLADSTONE port of Australia on November 22-24, 2019. Anyone willing to inspect the ship shall make an appointment with the bidding company in advance since the ship is on voyage.

5. Deposit Account: 

RMB Acct:




US Dollars Acct:

Bank: Industrial and Commercial Bank of China, Zhoushan Branch

Bank Add: No.628 Dingshen Road Lincheng Zhoushan China


Acct: 1206020129201407315

Benificiary: Zhoushan Yi Ge Ship Auction Co.,Ltd

6. Contacts: 0580-2027516 Ms Ye, 0580-2038358 Ms Wen. 

Zhejiang Shipping Exchange Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd.

November 22, 2019

Bidding Rules

Article 1 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 own behaviors.

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.  

The passwords 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.

Article 8 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.

If legal 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.

The bidders 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 submitted.

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 revealed.

Article 14 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 following rules

(1) Where there is no reserve price, the highest bidder would be the Buyer.

(2)Where there 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 procedures.

Article 18 The auctioneer should publicize the bidding results through the Shipbid system after the bidding.

Article 19 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.

Article 26 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.

The time 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 Shipbid.

Zhejiang Shipping Exchange Co Ltd is responsible for the interpretation of the Rules.

Special Provisions
Additional Provision of “Qi Xiang22”

1. This additional provision is a supplement to the bidding rules and has the same legal effect as the bidding rules.

2. Auction Ship:

“Qi Xiang 22” Bulk Carrier

PoR: Shanghai; Class: CCS; LOA: 225.00m; MLB: 32.26m; MLD: 19.60m; GRT: 40921; NRT: 25963; DWT: 75657.70t; ME: MAN B&W5S60MC6 * 1 set 8833kW; BLT: Shanghai Shipyard Co., Ltd on May 28, 2012. (data above refers to the ship inspection certificate)

Remarks: The ship is on voyage.

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 seller shall not assume any liability for defects or quality problems of the bidding target.

3. Application
The bidders shall pay the bid deposit when signing up, and provide other documents required by the transferor or the bidding company.

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 auction.

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.

5. Transfer (cancellation) and Delivery of the Ship

5.1 The buyer must pay the balanced purchase price and all the commission before Beijing Time 16:00 on the day of ship delivery. Any delay shall be deemed as breach of contract.

5.2 The original shipowner shall, within 10 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 obtain the ship's cancellation certificate. Latest date of ship handover: February 08, 2020.

5.3 Delivery Place: Undeclared.

Delivery Method: Accept and shift by the buyer himself.

6. Related expenses

6.1 Auction commission: After the auction is completed, the buyer must pay the bidding company 1% of the purchase price as commission.

6.2 The price showed in this auction is the ship price itself, not containing any tax. The seller would provide with a Value-added Tax Invoice for the purchase price with tax rate 3% or 13% (at buyer’s choice) at buyer’s account. 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 seller shall make on-site measurement of the remaining oil on the ship, and the price of oil shall refer to the last day of the listed price in the SINOPECT where the ship is delivered. On the day of delivery, the buyer shall pay for the remaining oil directly to the account nominated by the seller. The seller shall not provide with remaining oil voucher. The transferor will send delivery notice with delivery date and place 5 working days ahead, and the buyer shall bear the corresponding liability and the related expenses concerned if the buyer delay to accept the ship.

6.4 All expenses and the custody responsibility incurred before the handover of the object ship shall be borne by the seller; 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.

7. Matters not covered herein shall be settled through negotiation by the bidding company, the seller and buyer.

Zhejiang Shipping Exchange Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd.

November 22, 2019

Technical Report
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Bidding History
Status Bidder Price(CNY) Time
¥100,800,000 2019-12-06 11:18:18
¥100,650,0002019-12-06 11:18:02
¥100,600,0002019-12-06 11:15:24
¥100,550,0002019-12-06 11:15:11
¥100,450,0002019-12-06 11:11:20
¥100,400,0002019-12-06 11:11:18
¥100,350,0002019-12-06 11:07:55
¥100,300,0002019-12-06 11:07:48
¥100,250,0002019-12-06 11:03:51
¥100,200,0002019-12-06 11:03:44
¥100,150,0002019-12-06 11:00:51
¥100,100,0002019-12-06 11:00:41
¥100,050,0002019-12-06 10:56:16
¥100,000,0002019-12-06 10:56:03
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