Commissioned by our entrusting party,Guangzhou Shipping Exchange Co., Ltd. and Guangzhou Hang Qing Bao Auction Co.,Ltd., determines to organize an online quotation transfer of the four vessels owned by the entrusting party: "CLIPPER SPEY", "CLIPPER MEDWAY", "CLIPPER KENT", and "CLIPPER TRENT". The relevant details are announced as follows:
I. Overview of the Subjects
1. Subject Description
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All the static information (including subject description) provided in this announcement regarding the vessels is for reference only.
2. Minimum Quotation
This transfer event includes five subjects.
Subject 1: A package of four vessels: "CLIPPER SPEY", "CLIPPER MEDWAY", "CLIPPER KENT", and "CLIPPER TRENT", with a minimum quotation of USD 45.8 million.
Subject 2: "CLIPPER SPEY", with a minimum quotation starting at USD 11.2 million.
Subject 3: "CLIPPER MEDWAY", with a minimum quotation starting at USD 11.4 million.
Subject 4: "CLIPPER KENT", with a minimum quotation starting at USD 11.7 million.
Subject 5: "CLIPPER TRENT", with a minimum quotation starting at USD 11.5 million.
3. Deposit: No deposit is required for this quotation project.
II. Application Qualifications and Materials
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 the quotation.There is no preemptive right to purchase for any of the subjects.
Participants in the quotation (hereinafter referred to as "Offeror") shall log in to the Guangzhou Shipping Exchange Platform (https://www.gse020.com) and register a member account. The required application materials include:
1. Letter of Commitment (Attachment 1).
2. Offeror Identification Documents:scanned copies of Certificate of Incorporation, shareholder identification (company structure chart up to the ultimate beneficial ownership),passport copy of Director, power of attorney and agent’s ID (if any), and the Offeror’s specimen signatures.
3. If the Offeror has commissioned a ship broker/agent, the power of attorney, broker’s ID proofs, the broker company’s business license/Certificate of Incorporation, shareholding file and other materials recognized by Guangzhou Shipping Exchange Co., Ltd. and the seller shall also be uploaded.
A qualified Offeror refers to the Offeror completed 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 quotation of GSE:
a)Complete the online registration of a overseas member account
b)Pass the member identity audit
c)Upload the foresaid materials
d)Pass the quotation registration audit for one project
e)Get a bidding number
The quotation process adheres to the provisions of the Civil Code regarding contract formation and performance. By registering for the quotation, Offerors are deemed to have acknowledged and understood the applicable laws for the bidding process and the differences from traditional auctions, accepted and complied with the content of this announcement and the Sellers' Terms in the attachments, and adhered to the bidding rules of the Guangzhou Shipping Exchange Platform.
III. Quotation Time and Rules
The quotation for the five subjects in this transfer event will be conducted simultaneously, divided into three rounds. Offerors are required to submit their quotes within the specified quotation periods. The final results will be confirmed by the Seller and displayed in the quotation system within three working days after the end of the third round, by 16:00 Beijing time on September 12, 2024. The quotation periods for each round are as follows:
First Round Quotation Period: From 16:00 Beijing time on August 21, 2024, to 16:00 on August 26, 2024.
Second Round Quotation Period: From 16:00 Beijing time on August 27, 2024, to 16:00 on September 3, 2024.
Third Round Quotation Period: From 16:00 Beijing time on September 4, 2024, to 16:00 on September 9, 2024.
This online quotation event is organized at www.gse020.com/#/invitationBid via Guangzhou Shipping Exchange platform (GSEP) . During each quotation period, Offerors' quotes must not be lower than the minimum quotation amount. Offerors may include buyer terms with their quotes and can modify their quotation amounts and buyer terms without limitation during the quotation period. At the end of each quotation period, the system will use the last submitted quotation amount and buyer terms as the final submission. Offerors can send communication messages to the Seller about the buyer terms through the "Quotation Records" section of the quotation system during the quotation period. The system will automatically archive message records, and the buyer terms and communication messages sent by Offerors must not contain any information identifying the Offeror or their contact details. If such information is found, the Offeror will be disqualified from the current and subsequent rounds.
After each quotation round, the Seller will evaluate the quotation amounts and buyer terms to decide which Offerors can be selected into the next round. Qualified Offerors and new registrants will be notified to participate in the next round, while unqualified Offerors will not be able to participate further. Quotes and buyer terms (including those in communication messages) submitted during the third round will be final and binding once the seller confirms a transaction. The Seller reserves the right to decide whether the subject deal or not.
Offerors must quote carefully and keep their account credentials secure. All operations under the account will be considered the actions of the account holder, who is responsible for those actions. Each membership account can only log in on one terminal device. To ensure proper participation, it is recommended to use a computer with 360 Browser (Speed Mode), IE Browser (version 11), or Chrome Browser, and avoid using mobile browsers for quotations.
The quotation times are based on the system time of the Guangzhou Shipping Exchange platform. The Seller and Guangzhou Shipping Exchange Co., Ltd. will not be responsible for any delays or failures in quoting due to the Offeror's own reasons, including time mismatches, terminal device issues, or network problems.
In the event of service disruptions or quotation activity interruptions caused by force majeure or third-party reasons, the Seller, Guangzhou Shipping Exchange Co., Ltd., and Guangzhou Hang Qing Bao Auction Co.,Ltd. will not be held liable. Guangzhou Shipping Exchange Co., Ltd. and Guangzhou Hang Qing Bao Auction Co.,Ltd. will release a supplement announcement for the suspension of the quotation.A new announcement will be released after the website service comes back up.And the network quotation will be organized according to the new announcements.
IV. Confirmation of Quotation Results
The winning Offeror confirmed by the Seller ((hereinafter referred to as "Buyer") shall sign the "Letter of Affirmation" via email on the day the result is announced. After signing the "Letter of Affirmation", the Buyer must sign the "Memorandum of Agreement" (MOA)with the Seller within one month. The MOA text is based on the “Memorandum of Agreement Norwegian Saleform 2012”(NSF 2012) and will incorporate the Sellers' Terms from this announcement and its attachments, as well as the Buyer's terms recorded in the quotation system, and any other terms mutually agreed upon by both parties. If the Buyer refuses to sign the "Letter of Affirmation" or the "Memorandum of Agreement", it will be deemed as a breach of contract by the Buyer.The original Buyer shall bear the legal responsibility for compensation for damages and will lose the qualification to participate in this seller's trading activities and projects on the Guangzhou Shipping Exchange platform.
V. Commission
The commission for this quotation is 1% of the purchase price, to be paid by the Buyer to Guangzhou Shipping Exchange Co., Ltd. no later than 5 working days before the delivery of each subject.
VI. Payment
After signing the “Memorandum of Agreement”, the Buyer shall pay the Deposit under the MOA, the balance of the Purchase Price, remaining oil payment, and any other sums payable on delivery in accordance with the terms and conditons of the MOA. The Deposit under the MOA is 10% of the pruchase price, which shall be paid by the Buyer to the designated escrow account of GSE within three banking days upon the MOA is duly signed. If the Buyer fails to make the payment on time, it will be deemed as default, and the Buyer shall bear the legal responsibility for compensation for damages. GSE reserves the right to reorganize the quotation process. The original Buyer shall bear the costs incurred for the reorganization, and if the new transaction amount is lower than the original result, the difference shall be borne by the original Buyer.
VII. Vessel Delivery and Acceptance
The earliest delivery date of the subject vessel shall be no earlier than September 19, 2024, and the latest delivery date shall be December 31, 2024.Delivery Location:At a safe and accessible berth or anchorage at/in a port in worldwide range in the Sellers' option, the details are to be confirmed basis the itinerary plan.
The Buyer shall pay the full transaction amount and other related charges before signing the Protocol of Delivery and Acceptance (PODA).After receiving the PODA and the formal Release Instruction,GSE will release the full amount of the ship without interest to the seller’s account within 3 working days.
VIII. The remaining fuel is not included in the transfer of the subject matter.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 the ROB shall be fulfilled as per the terms of MOA.. The Buyer shall remit the oil payment to the escrow account of Guangzhou Shipping Exchange Co., Ltd. one banking day before the vessel delivery.
IX. The time of delivery and acceptance shall be subject to the time signed in the Protocol of Delivery and Acceptance.All expenses,risks and responsibility related to the vessel is for the Seller before the signing of PODA. After mutual signing the PODA, all the expenses, risks and responsibility arising from the vessel shall be borne by the Buyer. The details of the MOA shall prevail.
X. Disclaimer
The descriptions and provided video materials, images, etc., of the subject matter by Guangzhou Shipping Exchange Co., Ltd. and Guangzhou Hang Qing Bao Auction Co.,Ltd. are for reference only and do not constitute any warranty of the subject matter. The inspection reports by the third-party inspection agency attached to this announcement are for reference. Once a Offeror signs up to participate in the quotation, it is deemed that the Offeror fully understands all conditions of the subject matter, including but not limited to all known and unknown defects related to the vessel certificates and conditions, and the Offeror shall not raise any objections to the quality and other defects of the subject matter.
Offeror shall comply with the rules, shall not obstruct other Offerors, shall not manipulate or monopolize prices, and malicious collusion among Offeror is strictly prohibited. Once such behaviors are discovered, their bidding qualifications will be canceled, and relevant legal responsibilities will be pursued.
Matters not covered herein shall be resolved through consultation between Guangzhou Shipping Exchange Co., Ltd., Guangzhou Hang Qing Bao Auction Co.,Ltd., the Seller, and the Buyer. If the parties cannot reach an agreement on matters related to this announcement and transfer, the issues shall be submitted to Guangzhou Maritime Court for arbitration or litigation.
This announcement is described in both Chinese and English. If any discrepancy occurs between the two versions, the Chinese version shall prevail.
XI. Inspection
Berth ports during the announcement period.Please read the inspection reports to know the conditions.
The place of delivery :at a safe and accessible berth or anchorage at/in a port in worldwide range in the Sellers' option, the details are to be confirmed basis the itinerary plan.
XII. Contact
Ms. Qin: +86 13802779424, Email: qinyi@gse020.com
Mr. Luo: +86 15989038060, Email: luozhenyu@gse020.com
Here by notice.
Guangzhou Shipping Exchange Co., Ltd.
Guangzhou Hang Qing Bao Auction Co.,Ltd.
August 1, 2024
