Bidding Announcement of MV “UNIVERSE PROSPERITY”

All the static information about the ships are for reference only,bidders can make inspections for the ship at the prescribed location within the announcement period.

II. Qualifications and Registration of Bidders
Any corporation inside or outside The People's Republic of China with full capacity for civil conduct and lawfully existing 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 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 , 2 July, 2024.
A qualified bidder refers to a bidder finishing 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 

f)Get a bidding number

BENE’s Addres：R701,Nansha International Talent Port Building,No.167,Haibin Avenue,Nansha District, Guangzhou,China.

BENE’sAccount No：82140078814400002922

Bank Name：Shanghai Pudong Development Bank Guangzhou Branch

Bank Address：NO.12 ZHUJIANG XI ROAD TIANHE DISTRICT GUANGZHOU

SWIFT CODE：SPDBCNSH010
Note: Deposit of MV UNIVERSE PROSPERITY.

Any bidders failed to 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 performance security after the Memorandum of Agreement(MOA) is duly signed. Unsuccessful bidders’ Auction Deposits will be refunded in full amount free of interest within five working days upon the Buyer’s winning the bidding. 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, 2 July, 2024，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 USD10,000. 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.

VI. Commission
The Buyer shall pay the commission of this bidding at 1.5% of the purchase price ,the payment must be remitted to GSE in full within five working days after signing the MOA .

The delivery time of the subject ship shall be no earlier than July 10, 2024, and no later than August 5, 2024. SPS/SBS/SAS in Singapore-Japan range by the Seller’s option.  The Buyer shall pay the full transaction amount and other related charges to the escrow account before signing the Protocol of Delivery and Acceptance (PODA).

XI.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 .

XII. Disclaimer

Delivery status:"as is, where is" by time of delivery.

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 vessel on the basis of “as is, where is” at the time of delivery basis. 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 be entitled to 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.

XIII.Delivery

InspectionPlace: during the time of the ship berth at the port.

XIV. Contact

Mr.Zhou:+86 15918795024,zry@gse020.com

Ms.Cai:+86 18802003831,caixiaoyan@gse020.com

Here by notice.

Annex