
Commissioned byour entrusting party, Guangzhou Shipping Exchange Co., Ltd. (GSE) and Hang Qing Bao Auction Co., Ltd. determines to organize an online bidding for one bulk carrier named “JY ATLANTIC”. The announcement is stated as follows.
I. Description
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MAN B&W 6S60ME-C8.2-TII X1SET
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Ballast Speed/Consumption
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Abt 14.50 Kn,31t/d;Abt 13 Kn,21t/d
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Abt 14 Kn,36.5t/d;Abt 12 Kn, 24t/d
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2019-11-11、CHENGXI SHIPYARD CO.,LTD
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StartingPrice: 28,090,000.00USD;
AuctionDeposit:17,500,000.00 RMB / 2,500,000.00USD;
Increment:≥50,000 USD.
All the static information(including description) about the ships are for reference only.

II.Qualifications and Registration of Bidders
Any corporation in and 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 for shareholder identification, passport copy of Director and Power of Attorney are needed.
3. ID documents,Power of Attorney, Company licenses and other files approved by GSE and the Entrusting Party are needed for a broker commissioned to participate.
All time stated in this announcement are Beijing time.
Deadline for uploading bidding application files 12:00 July 14,2023.
A qualified bidder refers toa 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 Auction Deposit and upload the foresaid files
d)The receipt of the Auction Deposit received by GSE
e)Pass the bidding registration audit
Bidders’ Auction Deposit 17,500,000.00 RMB / 2,500,000.00USD in full amount shall be received by GSE before 12:00 July 14,2023. The name of the deposit payer should be consistent with the bidder’s name and final buyer’s name. 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:FTE4532056929200461763
Bank Name:Industrial and Commercial Bank of China,Guangzhou Nansha Sub-Branch
Bank Address: NO.3,Wangjiang 2nd Street, Huangge, Nansha District,Guangzhou,China
Note:Deposit of JY ATLANTIC
Any bidders failedto remit the Auction Deposit 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 a Ship Deposit after the Memorandum of Agreement(MOA) is signed. 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 and the extension time bidding. The fixed time bidding:14:00 to 14:30, July 14, 2023,the extension time bidding begins from 14:30. The last valid bidder shall be the candidate winning bidder. 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/#/vesselbidding by GSE. The first bid shall not be lower than the starting price, the increment of this bidding is 50,000 USD. 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 .The whole bidding process is consisted of a fixed time bidding and the extension time bidding. 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.
ØBidders 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 https://www.gse020.com/#/vesselbidding is deemed as the official time of this bidding. GSE, Hang Qing Bao Auction Co., Ltd. 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, Hang Qing Bao Auction Co., Ltd.and the Entrusting Party assume no responsibility when website anomaly and suspension of bidding occurs due to force majeure or (and) the cause of third party. GSE and Hang Qing Bao Auction Co., Ltd. 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 Buyer must sign the Letter of Affirmation of Bidding by Email on the day when the result of bidding is generated. After signing the Letter of Affirmation, the Buyer must contact with the Seller and sign the MOA within 1 month. The MOA is based on “Memorandum of Agreement Norwegian Sale Form 2012” (NSF’2012) or based on other text mutually agreed, with all trading terms state in this announcement and adding other terms both party agreed with. 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.
TheBuyer will pay the commission of this bidding at 1% of the final price, the payment must be made to GSE no later than 5 working days before delivery.
After signing the Memorandum of Agreement, theBuyer shall pay the full transaction price in accordance with the terms of the MOA. Overdue payment will be deemed as default. The Buyer shall not be entitled to demand the refund of the Auction Deposit.
VIII. Ship Delivery and Acceptance
The delivery schedule is no later than September 30,2023. SPS/SBS/SAS in Singapore-Japan range by the Seller’s option. The Buyer shall pay the full transaction amount and other related charges before signing the Protocol of Delivery and Acceptance (PODA).After the delivery of the ship, receiving the PODA and the formal Release Instruction,GSE will release the full amount of the ship without interest to the Entrusting Party’s account within 3 working days.
IX. The remaining fuel is not included in this bidding. The amount of fuel shall be jointly measured by the Seller and the Buyer on the day of delivery. The value of the remaining fuel is subject to the invoice price of the latest bunkering of this ship,the price of the fuels do not include taxes, any taxes or fees incurred shall be on Buyer’s account. The Buyer shall remit the value of remaining fuel in full amount to the Seller's designated account no later than the delivery day.
X. All expenses and custodial responsibility related to the ship is for the Seller before the signing of PODA. After signing this PODA, all the expenses, custodial responsibility and risks of the ship will be borne by the Buyer .
All description, video and pictures provided about the ship is for reference only, GSE and Hang Qing Bao Auction Co.,Ltd. does not constitute any guarantee for the ship.
The Entrusting Party sells this ship basis of “as is, where is”,a bidder remits Auction 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.
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@gzport.com (by appointment);
Please read the inspection report to know the conditions.
The ship shall be delivered and accepted on an “as is where is” basis.
Caroline:+86 18613076955, biyu@gzport.com;
Daniel:+86 15918795024,zhouruoyu@gzport.com.
Here by notice.
Guangzhou Shipping Exchange Co., Ltd.
Guangzhou Hang Qing Bao Auction Co.,Ltd.