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Bidding Announcement of “ZJ2019022” Bulk Carrier
Auction ending information
2019-11-22 09:00
2019-11-22 11:01
Total bid:
3 times
End price:
Top bidder:
Ending type:
Start price:¥40,000,000 CNY
Bid Increment:¥50,000 CNY
Deposit:¥4,500,000 CNY
Preemptive person:Yes
Online consultation
Appraise price:Empty
Bidding cycle:2 hours
Postpone:5 minutes/time
Reserve price:Yes
Type: Others
Bid history
State Bidder Price(CNY)
901 ¥43,500,000
901 ¥40,100,000
901 ¥40,050,000
Ship name
Type of vessel Bulk Carrier
Entrust institution ZHEJIANG SHIPPING EXCHANGE Reference price(CNY) 40000000
State of the auction First auction Auction date 2019-11-22
Ship's classification ZC Length overall(m) 159.88
Port of registry Length(m) 149.80
Molded breadth(m) 24.40 Molded depth(m) 14.00
Gross tonnage 15899.00 Reference
Type of main engine 6S35MC Total fixed power
(KW / h)
Shipyard Zhejiang Zhenyu Ship Industry Co., Ltd Completion date 2011-07-04
completion date
Bid history(3)

Bidding Announcement of “ZJ2019022” Bulk Carrier


Entrusted by the transferor, we decide to hold an online public auction on from 09:00 to 11:00 on November 22, 2019.


1. Auction Object: “ZJ2019022” Bulk Carrier

PoR: Hangzhou; Class: ZC; LOA: 159.88m; MLB: 24.40m; MLD: 14.00m; GRT: 15899; NRT: 8903; DWCC: 24822t; ME: 6S35MC * 1 set 4440kW; Blt: Zhejiang Zhenyu Ship Industry Co., Ltd on July 04, 2011. (data above refers to the ship inspection certificate)

Remarks: The ship is on voyage.


2. Bidding Rules: it is a reserved bid with 2 or more bidders can sign up. If there are less than 2 bidders, the auction will fail directly. The starting price is RMB 40 million, and the deposit is RMB 4.5 million (or USD 0.65 million). Bid increase: a multiple of RMB 0.05 million.


3. Application: Application time: from the announcing time until Beijing Time 16:00 on November 21, 2019 (subject to the time of deposit). After the deadline, no application will be accepted. This auction accepts the application of natural persons or companies. The bid has a preemptive right, the preemptive right participates in the bidding, it shall submit and issue the relevant valid certification documents to our company before November 21, 2019 and finish the registration procedures. Failure to finish any bidding procedures, such as submitting required documents, completing registration procedures, paying deposit or bidding in the auction within the time limitation, etc. shall be deemed as a waiver of the preemptive right of the object.


4. Inspection place: Declare later


5. Deposit Account:

RMB Acct:





USD Acct:

Bank: Industrial and Commercial Bank of China, Zhoushan Branch

Bank Add: No.628 Dingshen Road Lincheng Zhoushan China


Acct: 1206020129201407315

Beneficiary: Zhoushan Yi Ge Ship Auction Co., Ltd


6. Contacts: 0580-2027516 Mrs Ye, 0580-2038333 Mr Zhou.


Zhejiang Shipping Exchange Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd.

November 13, 2019



Article 1 Bidding Rules is made by relevant laws, regulations and policies of our Country and with Shipbid practical situations, to standardize the bidding behaviors, maintain an open, fair and equal transaction order, and protect legitimate rights and interests for all the parties involved.


Article 2 The Transaction Rules of the ship bidding (hereafter to be referred as bidding) is suitable for standardizing all the online bidding behaviors. All the parties involved should abide by the Rules and bear legal responsibilities for their own behaviors.


Article 3 All legal personalities, natural persons and other organizations in and abroad PRC can participate in the bidding only if they have the qualifications of the auction announcement except those provided by laws and regulations.


Article 4 The auction announcement and other documents are formulated by the auctioneer.


Article 5 The auction information including videos, pictures and written introductions offered by the Seller will be uploaded through the Shipbid system after verified by the auctioneer.


Article 6 The Seller shall take all the legal responsibilities and economic losses if he provides with fake information.


Article 7 The bidders couldn’t participate in the bidding activities until they register as the buyers through the Shipbid system.  


The passwords should be kept safely. If forgotten, bidders could retrieve through the Shipbid system. And if divulged, bidders should login in time to change the passwords.


Article 8 Before submitting the application for the bidding, the bidders should carefully read the auction announcement, ship’s information, transaction rules and other relevant documents, then login the Shipbid system to fill in true and effective information as required.


Article 9 The bidders should submit the applications in accordance with the auction announcement before the Shipbid starts.


If legal personalities, natural persons and other organizations need joint-bidding, they should fill in related information and the proportion of capital contribution of each party as required and sign the Joint Bidding Statement.


Article 10 The bidders apply on the Shipbid system by themselves, and pay the deposit either on line or offline. Foreign bidders could also apply for bidding with the Guarantee Letter of bank as the auctioneer required. One deposit is only for one lot. And if the bidders want to bid several ships at the same time, corresponding deposits are required.


The bidders are entitled to bid only if the deposit fully paid to the nominated account (based on the arrival time of the deposit) or the original Letter of Guarantee delivered to the auctioneer (based on the arrival time of the Letter of Guarantee to persons in charge) within the required time. The bidders shall not be eligible for bidding if the deposit is delayed or not fully paid or the Letter of Guarantee is not received on time.


Article 11 The bidding shall be conducted with time limit. Qualified bidders can participate in the bidding. The initial offer shall not be lower than the starting price and each offer shall be no less than the specified bid increment.


If it is an auction with reserve price, “YES” will be revealed in the system. Otherwise it will display “NULL”.


Article 12 The bidder shall make a cautious bid, and the offer will be irrevocable once submitted.


Article 13 The last limited time of the Shipbid is FIVE (5) minutes. If there is a new bid within 5 minutes countdown, another 5 minutes will be set.


No new offers would be accepted after the final countdown, and the bidding history will be revealed.


Article 14 Once there is/are (a) bidder offer(s) in the Shipbid, the target bidder (hereinafter called the Buyer) shall be confirmed in accordance with the following rules


(1) Where there is no reserve price, the highest bidder would be the Buyer.


(2)Where there is a reserve price, the bidder with the highest offer and not lower than the reserve price would be the Buyer; If the highest offer is lower than the reserve price, the bidding will be pass.


When the time for the bidding is over, the bidding system will be automatically closed.


Article 15 The Buyer should confirm his qualification with the enterprise or individual valid certification to the auctioneer within 3 working days after the bidding. After verification and confirmation, the Buyer should sign the Purchase Confirmation.


If the Buyer's qualification is not approved, the bidding result will be invalid, the deposit would be confiscated, and the lot should be bid again. The Buyer should pay the commissions for both parties due to his breach of the contract; Also, the previous Buyer should pay the balance of price if the final purchase price is lower than the first purchase one.


Article 16 The payment of balance shall be remitted to the nominated account in time according to the Purchase Confirmation.


Article 17 The Buyer should sign the Sale and Purchase Agreement by the Purchase Confirmation with the seller within the required time and make relevant transaction procedures.


Article 18 The auctioneer should publicize the bidding results through the Shipbid system after the bidding.


Article 19 After paying the balance, the Buyer himself should handover the lot and manage the transaction procedures in time. If the Buyer fails to manage within required time, he himself should pay the costs caused by the delay and afford the consequences of possible damage or losses.


Article 20 The Buyer himself should register the lot and bear all relevant expenses occurred according to the regulations and policies during the transaction procedures.


Article 21 The bidding currency is RMB. Both the starting price and purchase price do not include the expenses and taxes occurred during transaction procedures.


Article 22 If the bidder obstruct others to bid, manipulate or monopoly the bidding price, or make malicious collusion, the auction will be cancelled once above behaviors are found, and relevant legal responsibility will be borne by the bidder.


Article 23 If the bidder cannot normally login the Shipbid system to apply, offer or bid because of following reasons such as virus invasion, hardware failure, network congestion or passwords forgotten and divulge, etc., he himself should bear the consequences and the bidding will not be suspended.


Article 24 The auctioneer reserves the right to suspend or withdraw the bidding before it starts according to the laws and regulations.


Article 25 The auctioneer reserves the right to suspend or withdraw the bidding if force majeure or accident has caused the online auction to fail.


Article 26 These rules are general rules for online auction transactions of ships. In case of any conflict with the announcement or agreement of a single item, the terms of a single item shall prevail.


The time concerned in the bidding all depends on Shipbid system service time, except the deposit arriving time which depending on the bank recording time. All the time of information arriving is subject to the time when the information received by Shipbid.


Zhejiang Shipping Exchange Co Ltd is responsible for the interpretation of the Rules.




Additional Provision of “ZJ2019022”


1. This additional provision is a supplement to the bidding rules and has the same legal effect as the bidding rules.


2. Auction Object: “ZJ2019022” Bulk Carrier

PoR: Hangzhou; Class: ZC; LOA: 159.88m; MLB: 24.40m; MLD: 14.00m; GRT: 15899; NRT: 8903; DWCC: 24822t; ME: 6S35MC * 1 set 4440kW; BLT: Zhejiang Zhenyu Ship Industry Co., Ltd on July 04, 2011. (data above refers to the ship inspection certificate)

Remarks: The ship is on voyage.


The above data are recorded in the ship's inspection certificate for reference only. The bidding object is subject to the status at the time of inspection. If there is any discrepancy between the actual situation and the data above, the bidding and bidding price won’t be disturbed. Once the auction is concluded, the bidding company and the seller shall not assume any liability for defects or quality problems of the bidding target.


3. Application

The bidders shall pay the bid deposit when signing up, and provide the following documents :(1) Confirmation of the Object (the format would be provided by the bidding company), (2) other documents required by the transferor or the bidding company.


4. After Auction

4.1 After the auction is completed, the buyer must confirm the result of auction by email or fax on the same day, and sign the Purchase Confirmation with the bidding company within two working days after the auction.


4.2 The bid deposit of the unsuccessful bidders shall be returned within 2 working days after the auction without interests.


5. Transfer (Cancellation) and Delivery of the Ship

5.1 The buyer must pay 30% of the purchase price and all the commission before  16:00 (Beijing Time), November 29, 2019, and pay off the rest of the ship purchase price (bidding deposit would be set off against part purchase price on the last payment) on the day of ship delivery. Any delay shall be deemed as breach of contract.


5.2 The original shipowner shall, within 10 working days after signing the Protocol of Delivery and Acceptance Ship, complete all the procedures of cancellation relating to the ship.

The buyer shall not start the ship or shift it to other sea areas (except for force majeure such as weather) until obtain the ship's cancellation certificate.

Latest date of ship handover: February 08, 2020.


5.3 Delivery Place: Undeclared.

 Delivery Method: Accept and shift by the buyer himself.


6. Expenses

6.1 Auction commission: After the auction is completed, the buyer must pay the bidding company 1% of the purchase price as commission.


6.2 In this auction, the seller provide with a Value-added Tax Common Invoice for the purchase price of the ship. All expenses incurred after the ship handover shall be borne by the buyer himself.


6.3 When the ship is delivered, the buyer and the seller shall make on-site measurement of the remaining oil on the ship, and the price of oil shall refer to the last day of the listed price in the SINOPECT where the ship is delivered. On the day of delivery, the buyer shall pay for the remaining oil directly to the account designated by the seller. The seller shall not provide with remaining oil voucher.


6.4 All expenses and the custody responsibility incurred before the handover of the object ship shall be borne by the seller; After the handover of the ship, the expenses and risks incurred by the object shall be borne by the buyer, and the custody of the object shall also be borne by the buyer.


7. Matters not covered herein shall be settled through negotiation by the bidding company, the seller and buyers.


Zhejiang Shipping Exchange Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd.


November 13, 2019



“ZJ2019022” Survey Report


“ZJ2019022” was inspected by the surveyors of Zhejiang Shipping Exchange Co., Ltd , safely afloat at berth of Jiangsu Datong International Port Co., Ltd, under command of the transferor on July 09, 2019. Please find the inspection report as follows:

I. Ship’s Particulars

ZJ2019022 Bulk Carrier

PoR: Hangzhou; Class: ZC; Trading Range: China coastal; LOA: 159.88m; MLB: 24.40m; MLD: 14.00m; Load Draft: 10.200m; Ballast Displacement: 17313.600t; GRT: 15899; NRT: 8903; DWCC: 24822t; ME: 6S35MC * 1set 4440kW; BLT: Zhejiang Zhenyu Ship Industry Co., Ltd. On July 4, 2011. (Data above refers to the ship inspection certificate) 

II. Certificates Status



Date of Issue

Date of Expire


Certificate of Registry




Certificate of Inspection




Tonnage Certificate




Certificate of Exemption




Certificate of Seaworthiness



Next Survey

Annual Survey


Intermediate Survey


Sepcial Survey


Dry-docking Survey


Propeller Shaft Survey


Boiler Survey


The above information was extracted from the ship’s certificates.

Referring to the Deck Log and Engine Log, the ship consumes abt. 10.75t FO and abt. 1.13t DO per day at a speed of 12.3kt with 150RPM during recent voyages.


III. Inspection Report

At the time of boarding, the ship was moored on the starboard side at the berth and was unloading the sand. 2 surveyors from the Exchange carried out a general inspection on some accessible places such as cabins, engine rooms and decks. Due to the limitation of conditions, hermetic cabins such as side ballast tank, bottom tanks and fresh water tank had not been opened and checked.

(I) Introduction

The ship is designed and constructed as a single deck, driven with single oar and stern. The hull is of double bottom double shell, structure form is vertical and horizontal mixed skeleton type. The ship is equipped with 9 watertight bulkheads, with Fr12-Fr194 double bottom, 5 cargo holds, and steel hydraulic weather tight covers.

(II) Hull, Cargo Holds and Part of Tanks


Psn. Fr.

















No.5 C/H




No.4 C/H




No.3 C/H




No.2 C/H




No.1 C/H








Fore Peak Tank



1. Hull

1.1 Shipsides

The ship was discharging with starboard side alongside the berth when inspected. The visible part of the starboard side appeared flat and had no obvious collision and deformation. The quality of welding and molding was good without sag, welding tumors and cracks. The painting coating was in general condition, partly rusty. A few coating damage was seen at places rubbing with the jetty or fenders. The portside could not be inspected. The steel plates of astern part were found flat, partly rusty and well painted. There were scratches and rust on the bulbous bow. The steel plates of the starboard fore part was flat without collision or deformation. The ship’s name, and PoR were found painted well. The draft marks aft was clear, but could not read exactly due to it was radian close to the water. It was up-to the draft marks of abt. 8.8m aft, abt. 8m middle and abt. 7.2m forward. The rudder blade and propeller underwater could not be inspected.

No inspection had been made for those under waterline.


1.2 Main Deck

  The main deck appeared flat with sound welding and molding, and the plating painted appeared in good condition, part slightly rusty. Both side bulwarks were integrated without obvious deformation, and the painting coating was in good condition, partly slightly rusty. The deck bitts with ingredient construction, were well maintained with its painting except partly abrasion. All the ventilators, the ventilate pipes, the ventilate pipe caps, the fire-fighting water pipes were found no damage and, fair painted.


1.3 Other Decks

  The forecastle deck appeared flat, and its plating painted in general condition, part slightly rusty. The bodies and the bases of the 2 hydraulic windlasses fixed on the forecastle were fairly painted, no shedding, but partly rusty. Chain lockers and their supports were painted in bad condition and partly rusty. The anchor chains were complete with coating off, but their rails were not loose. The bollard and mooring roller wore a bit and partly rusty. 1 spare anchor on the deck was found with integrate construction but partly rusty. The bulwarks, rails and inclined ladder of the forecastle were found integrity with no obvious deformation, fracture or missing. The painting condition of the bulwarks was in poor condition, with partly rust, peeling phenomenon. The steel plates at the end wall of forecastle were found flat, fairly painted and slightly rusty in some parts.

  The poop deck appeared flat, and its plating painted appeared in general condition. The surfaces of the 2 hydraulic winches fixed on the poop deck were fairly painted and partly rusty. The mooring equipment on the poop deck such as bollard and mooring roller were fixed completely, painted fairly, wore and rust in some parts. The poop bulwarks were found without deformation or breakage, painted fairly and rust in some parts.

  The plates of the bridge deck appeared flat with general coating condition. The rail posts of both sides were found no deformation and damage, with general painting condition and partly rusty. The painting condition of the fungus type ventilators for E/R, chimney, and outdoor ladders were found in general condition.

  The plates in top deck appeared basically flat. The rail posts of both sides were found no deformation and damage, with general painting condition and partly rusty.


1.4 Cargo Holds

  The ship has 5 cargo holds. The bottoms of the cargo holds could not be inspected due to full loaded with sands though all the hatch covers were open. The hatch coaming insides were painted in poor condition. They were part wore and rusty but no obvious defects of deformation or perforations. The structure of the hatch coaming outsides were found in perfect condition without obvious deformation while it were painted in general condition and  got rusty partly. The painting coating of the hatch covers were found in general condition without obvious rust. All of the hatch cover lockers, rollers and hatch rails got rusty partly.


1.5 Crew Accommodation

  The crew accommodation on the superstructure of the poop was fully equipped with equipment and appliances. The fineness of the indoor floor, wall fire insulation and decoration plates was in general condition. The warning marks indoor and outdoor, and the fire control plans were posted completely.



  The ship was equipped with enclosed ordinary lifeboats with capacity of 30 persons per boat located on the boat deck both on her port and starboard side. The lifeboat frames were not aged or shed. The ship had 1 life raft (20 persons) located on the boat deck on her port side while 1 life raft (6 persons) on the forecastle deck. The appearance of the inflatable life rafts was found in good condition with clear inspection marks, showing the next inspection date of January 2020.

  The fire-extinguishing system in the engine room of the ship was pneumatic / manual controlled by the CO2 room on the upper deck, and the fire-fighting in the paint room was manual controlled by the CO2 room on the bow.

  The emergency fire pump was located in the emergency fire pump room. The coating of the fire hose was found in general condition. The appearance of the fire pump was found without abnormal.


(IV) Bridge

  The layout of the bridge was found spacious and convenient for the driver to watch. It was equipped with adequate navigation equipment and relatively perfect monitoring and alarm systems. ME remote controller was found generally clean on surface. The navigation books and materials stored in the chart table were found basically complete.


(V) Engines and Electric Apparatus

  The Engine Room was arranged at aft ward. The propulsion system was composed of diesel engine, stern shaft and pitch propeller. The E/R structure was found perfect without deformation and unsoldering. The painting coating of its bulkheads was in general condition and the pipes were also well painted. There was minor oil at the bottom of the E/R.


1. Main Engine: Diesel engine 6S35MC – 4440.00kW x 173 RPM

  Maker: Yichang Marine Diesel Engine Co. LTD

  Date: March 8, 2011.

  There was minor oil on the surface of the M/E. The external and surface parts of the M/E were maintained generally but no obvious oil traces of running, spilling, dripping or leaking. The nameplates of the generators could be read clearly. No weld crack was found in the base of the M/E. The bolt fastener of the M/E and the base was firmly connected without any sign of loosening.


2. Main Generators: The ship was equipped 3 generators with the same model of 1FC5 502-3TA42-Z (350kW/set) while the prime movers with the model of 6210ZLD-1 (440.00kW/set)

  3# generator which was running to assist berthing had been inspected while other 2 generators had not been test. The painting coating of the generators appeared in general condition with minor oil but no obvious oil traces of running, spilling, dripping or leaking. The nameplates of the generators could be read clearly.


3. The auxiliary generator: located at the Auxiliary Generator Room upper deck starboard with model of MP-H-120-4 (120kW/set) while the prime mover with model of 6135JZCaf (144.00kW/set).

  The auxiliary generator had not been test to run. The painting coating of the auxiliary generator appeared in general condition with minor oil but no obvious oil traces of running, spilling, dripping or leaking. The nameplates of the auxiliary generator could be read clearly.


4. Engine Centralized Control Room: 8 Nos main power distribution panel, 1 No. centralized control panel platform. The structure of the distribution panel and centralized control panel was complete and the surface of those were clean. All instruments and indicators worked normally.


5. Emergency Generator: located at boat deck, with the model of MP-H-120-4 (120.00kW) while the prime mover with the model of 6135AZD-1 (134.00kW).


6. Other Machinery in E/R: there were no obvious oil on the surface of air compressors, pressure water tank, sewage treatment device while there were obvious oil on the surfaces and the base of oil distributor and oil supply units. The steel inclined ladder, railing and handrail in the engine room were complete arranged and the painting coating was found in good condition. The cables and pipelines in the E/R were complete arranged without and damage. and the insulation material for steaming pipes were laid in place. The appearance of the E/R platform and checkered plates was found in general condition.


7. Boiler: An Exhaust Gas Boiler made by Jiangyin Sanjie Industrial Co., LTD. was located in the E/R with the model of LZY0.8/140-0.7. It was used to heat oil and its surface appeared generally clean.


8. Rudder Room: The ship was equipped with 1 hydraulic steering gear made by Nanjing Marine Fitting-out Machinery Co., Ltd with the torque of 500.00kN. Both the surface and the base of the rubber were not found obvious stains, and painted in general condition. The rubber room structure welded in general condition was complete and clean without deformation.


IV. Conclusion

  According to the analysis and discussion of the ship's condition by the surveyors, the conclusions were given as followings:

1. The ship had complete certificates within validity period. The inspection records showed no major defects, and last annual survey had been made in Hangzhou on September 29, 2019. The ship had been on voyages.

2. The hull structure was found in general condition without obvious collision traces. The ship was pained with general quality. The outer plates of visible part at the bow were found smooth. The main deck and the supporting structure of the hatch coaming were not obviously corroded. The coaming coating in the cargo hatch was partly worn and corroded. Overall ship was in good condition. The deck machines were maintained in general condition.

3. Engines and Electric Apparatus in the E/R were adequate and maintained in general condition.

4. The bridge was placed properly with adequate navigation equipment and relatively perfect monitoring and alarm systems.

(Remarks: The inspection report above reflects the technical status of the ship at the time of the inspection only, does not include any changes of the technical status that may occur after the completion of the on-site inspection. The inspection contents are for reference only and shall not be regarded as the evidences for the sales and purchase of the ship. All other matters not covered herein shall be subject to the ship itself.)


Surveyors: Ding Jiada, Fan Jie


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Bid history
State Bidder Price(CNY) Time
¥43,500,000 2019-11-22 10:56:15
¥40,100,0002019-11-22 09:08:00
¥40,050,0002019-11-22 09:03:39
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