Commissioned by our entrusting party, Guangzhou Shipping Exchange Co., Ltd. (GSE) and Guangzhou Hang Qing Bao Auction Co., Ltd. determines to organize an online bidding for a oil/chemical products tanker named “SHANDONG ZIHE”. The announcement is stated as follows.
I. Description
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Oil/ Chemical Products Tanker
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2004.03.08/SHINA SHIPBUILDING CO.Ltd. (KOREA)
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（all data above for reference only）
Reserve Price: USD 14,450,000.00
Deposit: USD 722,500.00/ CNY 5,300,000.00
All the static information 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.
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 , 27 September, 2023.
A qualified bidder refers to a 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 deposit and upload the payment voucher
d)Deposit received by escrow account of GSE
e) Pass the bidding registration audit
Bidders shall remit the auction deposit of USD722,500.00 or CNY 5,300,000.00 to the account of GSE before 12:00 on 27 September, 2023. Subject to the payment received time; 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.
USD Account:
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：3602056909200307338
Bank Name：Industrial and Commercial Bank of China,Guangzhou Nansha Sub-Branch
Bank Address: NO.3,Wangjiang 2nd Street, Huangge, Nansha District，Guangzhou，China
SWIFT CODE：ICBKCNBJGDZ
Note:Deposit of SHANDONG ZIHE
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 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:16:00 to 16:30, 27 September, 2023，the extension time bidding begins from 16:30. The last valid bidder shall be the “Purchaser”. 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 USD20,000. 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 Purchaser.
The server time of https://www.gse020.com/#/boatbidding 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. 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, the signature and stamp has to be in line with the specimen signatures submitted. After signing the Letter of Affirmation, the Buyer must contact with the Seller and sign the MOA within 1 month. The MOA will be announced in the supplementary announcement and comply with the provisions of this announcement. In principle, no other modifications will be made except to necessary supplement information between the buyer and seller. 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 working days before delivery.
After signing the “Memorandum of Agreement”, the Purchaser shall pay the full transaction price in accordance with the terms of the MOA. 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
Thedelivery schedule is no later than 31 December ,2023. SPS/SBS/SAS in United Kingdom Continental- Mediterranean 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 Entrusting Party will only issue proforma invoice of the ship and the remaining fuel. All taxes and fees arising from the transfer shall be borne by the Purchaser.
X. The remaining fuel is not included in this bidding. The amount of fuel shall be jointly made on-site measurement by the Seller and the Buyer on the day of delivery. The settlement price of ROB is subject to the invoice price of the latest bunkering of this ship. The Buyer shall remit the value of remaining fuel in full amount to the Seller's designated account on the delivery day.
XI. All expenses and custodial responsibility related to the ship is for the Entrusting Party’s account before the signing of PODA. After signing this PODA, all the expenses, custodial responsibility and risks of the ship will be borne by the Purchaser.
Upon delivery, the Purchaser needs to change the name of this vessel and alter funnel markings within 20 working days.
Delivery status:"as is, where is".
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.
This announcement is described in both Chinese and English. If any discrepancy occurs between the two languages, the Chinese version shall prevail.
Delivery Location: SPS/SBS/SAS in United Kingdom Continental- Mediterranean range by the Seller’s option.
Caroline +86 18613076955 biyu@gzport.com
Daniel：+86 15918795024 zhouruoyu@gzport.com
Cai +86 18802003831 caixiaoyan@gzport.com
Here by notice.
Guangzhou Shipping Exchange Co., Ltd.
Guangzhou Hang Qing Bao Auction Co.,Ltd.
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