Commissioned by our entrusting party, Guangzhou Shipping Exchange Co., Ltd. (GSE) and Guangzhou Hang Qing Bao Auction Co., Ltd. determines to organize the second online bidding for a VLGC named “PACIFIC BINZHOU”(GSE2410). The announcement is stated as follows.
Name |
PACIFIC BINZHOU |
IMO No. |
9743734 |
Type |
VLGC |
Flag/Port |
HONG KONG |
Class |
ABS、CCS |
GT/NT |
48,419/17,391 |
Loa/breath/depth |
226.05/36.64/22.2 m |
Summer Load draught |
11.82 m |
Summer DWT |
54,747 |
Capacity |
84,000 CBM |
Main engine*No. |
Hyundai/ 2-Stroke, Sing *1SET |
Power |
12,420 KW |
Ballast Speed / Consumption |
Abt 16.20 kn, 42.20t/d (VLSFO) |
Laden Speed /Consumption |
Abt 15.70 kn, 44.40 t/d (VLSFO) |
Build time/place |
29 August,2016 / Daewoo Shipbuilding & Marine Engineering Co., Ltd., Korea |
Next Special Survey |
August, 2026 |
Current status |
In service. |
（all data above for reference only）
Starting Price:USD78,000,000.00
Deposit: USD8,000,000.00/ RMB 57,000,000.00
Increment:≥USD 200,000.00
All the static information(including description) about the ships are for reference only.
II. Qualifications and Registration of Bidders
Any corporation inside and outside The People's Republic of China with full capacity for civil conduct and lawfully existing , not sanctioned by the United Nations and major countries, organizations, institutions may participate in this bidding.No one has the preemptive right to this ship.
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, Power of Attorney and specimen signatures are needed.
3. ID documents, Power of Attorney，Certificate of Incorporation, Business Profile, passport copy 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 December 12 , 2024. Please upload all foresaid files before this time.
A qualified bidder refers to a bidder finish the following steps. Any bidder who applies for this bidding shall be deemed as fully aware of, accepting and complying with the contents of this announcement, the Sellers’ terms attached, 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
Bidders shall remit the Auction Deposit of USD8,000,000.00 or RMB 57,000,000.00 to GSE,and the fund should be received by the following accounts before 12:00 on December 12, 2024. Bidders’ Auction Deposit in full amount shall be received by GSE before the receiving deadline. 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, bidders shall upload proof documents recognized by GSE when registering. Any bidder remitted auction deposit shall be deemed to be fully aware of and accepting all the known and unknown defects of the ship.
BENE’s Name: Guangzhou Shipping Exchange Co., Ltd.
BENE’s Address: R701, Nansha International Talent Port Building No.167, Haibin Avenue, Nansha District, Guangzhou China.
BENE’s Account No：662678070674
Bank Name：Bank of China Guangdong Pilot Free Trade Zone Nansha Branch
Bank Address:Room 101&201,Mingzhu 1st Avenue, Hengli town, Nansha District,Guangzhou,Guangdong,China
Note: Deposit of PACIFIC BINZHOU.
Any bidders failed to remit the AuctionDeposit as required will be deemed as invalid bidders. The bid winner is called the“Buyer”. The Auction Deposit paid by the Buyer will be automatically converted into part of the Ship Deposit after the Memorandum of Agreement(MOA) is signed, the Ship Deposit is 15% of the final transaction price. The Buyer shall make up the balance of Ship Deposit to the Seller within 3 Chinese working days from the date of Auction completion. If the Buyer pays Auction Deposit in RMB, the Buyer shall remit the Ship Deposit in USD to GSE within 3 Chinese working days from the date of Auction completion, GSE shall refund the RMB Auction Deposit in full within 1 working day after the Ship Deposit in USD is received.Unsuccessful bidders’ Auction Deposits will be refunded in full amount within 3 working days free of interest. In the event that the transaction between the Buyer and the Seller is suspended or terminated and disputes arises, GSE shall hold the Auction Deposits until it is paid in accordance with a settlement agreement between the parties, or a final enforceable court judgment, or an arbitration award.
IV. Bidding Time and Rules
The whole bidding process is consisted of a fixed time bidding andthe extension time bidding. The fixed time bidding:17:00 to 17:30, December 12 , 2024，the extension time bidding begins from 17:30. The last valid bidder shall be the “Buyer ”. The termination of this bidding come in to force when no bidder bids before the countdown runs out.
This online bidding is organized atwww.gse020.com by the “Commercial bidding” mode of Guangzhou Shipping Exchange Platform(GSEP). The first bid shall not be lower than the starting price, the increment price on the next offer is no less than USD200,000.00. 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 Buyer.
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 browser to bid.
The server time of www.gse020.com is deemed as the official time of this bidding. GSE 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 and the Entrusting Party assume no responsibility when website abnormally and suspension of bidding occurs due to force 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. Result Confirmation and MOA Signing
Afterthe winning of the bidding, the Buyer must sign the Letter of Affirmation of Bidding by Email on the day when the result of bidding is generated. The Buyer shall contact with the Seller and sign the Memorandum of Agreement within 5 Chinese working days after the Buyer won the bidding. The MOA is based on “Memorandum of Agreement Norwegian Sale Form 2012” (NSF’2012) and the Sellers’ terms attached to this announcement and all trading terms state in this announcement and adding other terms mutually agreed. In case of the Buyer refusing to sign the Letter of Affirmation of Bidding and (or)the Memorandum of Agreement shall be deemed as the behavior of default, the Buyer must compensate for the loss, assume legal liability and the Auction Deposit will not be refunded. GSE has the right to reorganize the bidding. In the case of re-bidding, the original Buyer 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 Buyer shall pay for the balance.
The Buyerwill pay the commission of this bidding at 1% of the final price, the payment must be made to GSE no later than 5 Chinese working days from the date of Auction completion.
The Purchaser must pay the full transaction price within 5 Chinese working days from the date of Auction completion. 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 legal delivery of the ship shall be no later than December 31, 2024, the physical delivery shall be within 1st quarter of 2025 at waters within world range by the Entrusting Party’s option, force majeure factors are excluded.
The remaining fuel is not included in this bidding.The amount of the remaining bunkers and unopened lubricating and hydraulic oils and unused greases in storage tanks,daily tank, sump and unopened drums shall be jointly made on-site measurement by the Seller and the Buyer on the day of delivery. The settlement price of ROB shall be fulfilled as per the terms of MOA.The price of the fuels do not include taxes, any taxes or fees incurred shall be on Buyer’s account. The Seller will issue commercial invoices of the vessel and the bunker ROB.
1. Delivery status:"as is, where is" by time of delivery.
2.100% of the vessel price shall be remitted to the Guangzhou platform nominated account not later than 5 Chinese working days after the vessel is awarded to the buyer on 12 Dec 2024.
3.The physical delivery shall be within 1st quarter of 2025. However, the buyers shall agree to finalize legal delivery of the vessel and irrevocably transfer the funds of 100% of the vessel price to sellers' nominated account before 31 December 2024. The sellers shall not be responsible for any risk arising from the vessel after 31st December 2024 anymore.
All description, video and pictures provided about the ship 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”.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.If all parties fail to reach an agreement regarding matters related to this bidding announcement and transaction, they shall refer to and resolved by arbitration in Guangzhou Maritime Court .
This announcement is described in both Chinese and English. If any discrepancy occurs between the two languages, the Chinese version shall prevail.
Caroline:+86 18613076955, biyu@gse020.com
Caroline：+86 18613076955 biyu@gse020.com
Daniel：+86 15918795024 zry@gse020.com
Inspection report--Pacific Binzhou
Guangzhou Shipping Exchange Co., Ltd.
Guangzhou Hang Qing Bao Auction Co.,Ltd.
点击下方“阅读原文”进入广州航运交易平台
