Supplement Announcement (II)
Entrusted by the transferor (the Seller), we
issued the Announcement, Special Provisions and related notices of "NSZ0524-14"
on October 14th, 2024.
In response to the transferor's request, we have
made adjustments to the bidding time as follows:
Bidding Time: 16:00-16:30 (Beijing Time) on
November 29th, 2024.
Please be noted that except for the above
adjustments, no changes will be made to the previous announcement.
Zhejiang Shipping Exchange Co., Ltd.
Zhoushan Yi Ge Ship Auction Co. Ltd.
November 11th, 2024
Supplement Announcement
(I)
Entrusted by the transferor (the Sellers), we have issued the Bidding Announcement, Special Provisions and related content of NSZ0524-14 on October 14th, 2024.
According to the requirement of the transferor (the Sellers), we hereby issue a Supplement Announcement with the following details:
1) Ship Warranty：
According to the Shipbuilding Contract signed between the Sellers and the shipyard, the ship is entitled to a one-year warranty period upon completion and delivery. On the day of delivery, the Sellers shall notify the shipyard in writing and unconditionally transfer to the Buyers all their rights, title, liability, benefit and interests of every kind which they now or at any later time have under, in or in connection with, or in relation to any matter arising out of or in connection with, the Builder's Warranty under the Shipbuilding Contract. The period and specific scope of ship warranty will be consistent with the Shipbuilding Contract and be executed as stipulated in ARTICLE IX WARRANTY OF QUALITY under the Shipbuilding Contract.
2) Sellers' default:
If the Sellers anticipate that the Vessel will fail to be ready to deliver by the Last Delivery Date (January 29th, 2026). The Sellers have the right to extend the Last Delivery Date for once, but not later than February 28th, 2026.
The Buyers shall take the Vessel with demurrage of US$3000.00 per calendar day from January 30th, 2026 to the final delivery date, which shall be deducted from the balance Purchase Price on the delivery date.
Should the Sellers fail to deliver the Vessel before February 28th, 2026, the Buyers shall have the option of:
a) Cancelling this Agreement, the Purchase Price and all other sums (if any) paid by the Buyers shall be returned to the Buyers' bank account immediately, and the Sellers shall pay 10% of the Purchase Price as compensation within Ten (10) banking days after the Buyers tender written notice of cancellation option;
b) Accepting the new Last Delivery Date, the Buyers shall take the Vessel with demurrage of US$3000.00 per calendar day from January 30th, 2026 to the final delivery date, which shall be deducted from the balance Purchase Price on the delivery date.
3) Buyers' default:
Should the Deposit not be paid or lodged fully by the Buyers as stipulated in MOA, the Sellers have the right to cancel this MOA, and they shall be entitled to confiscate all the bidding deposit paid by Buyers but without prejudice to the Sellers' right to claim their losses against the Buyers.
Should the second and third payment not to be paid as stipulated in MOA, the Sellers have the right to cancel this MOA, the Sellers are entitled to confiscate all the Purchase Deposit and any funds paid by Buyers but without prejudice to the Sellers' right to claim their losses against the Buyers.
Should the fourth payment not be paid as stipulated in MOA, the Sellers have the right to cancel this MOA, the Sellers are entitled to confiscate all the Purchase Deposit, second and third payment paid by Buyers. If the fund does not cover their loss, the Sellers shall be entitled to claim further compensation for their losses and for all expenses incurred together with interest.
Zhejiang Shipping Exchange Co., Ltd.
Zhoushan Yi Ge Ship Auction Co. Ltd.
November 1st, 2024
Entrusted by the transferor (the Sellers), we have decided to hold a public bidding on www.shipbid.net from 16:00 to 16:30 (Beijing Time) on November 11th, 2024.
1. Bidding Object:
Hull No.: NSZ0524-14 (“No. 14 Lun” as temporary name);
Status of the Vessel: Under construction;
Type of the Vessel: Oil Tanker / Chemical Tanker (IMO Type 2);
Material of Cargo tank: Stainless Steel 2205;
Design Characteristics:
Class: BV;
Notation: I
HULLMACH, Oil tanker, Chemical tanker IMO Type 2, ESP,
Unrestricted navigation, VeriStar-Hull CM
AUT-UMS , Sys-Neq, Mon-shaft, GREEN PASSPORT EU, INWATERSURVEY, IG,
VCS, YOUNG ICE 2, LI-HG-S3
LOA: ~132.00m; Beam: ~21.50m; Depth: ~11.30m;
Draft Design: 8.30m; Draft Scantling: 8.60m;
DWT @ Scantling: 13800t;
Cargo tanks: 12; Slop tanks: 2;
Capacity (Cargo with Slop): ~15200m3;
Hose Hand Crane: 1set x 5t @18m；
Cargo Pumps: 12sets x 230m3/h;
Ballast Pumps: 2sets x 120m3/h;
BWTP: 1set x 600m3/h;
Main Engines: 6UEC33LSE‐C2，1set x 3400kW (Tier III with SCR);
Service Speed w/o S/G (@CSR, @8.3m, with 15%SM): ~13.5kn;
Generators: 3sets x 620kW (Tier III with SCR);
Shaft Generators: 1set x 500kW;
Emergency Generators: 1set x 120kW;
Expected Earliest Completion Time: October 18th 2025;
Builder: Zhoushan Ningshing Ship Building & Repairing Co.,Ltd.
LSHFO Tank Capacity: ~520m3; MGO Tank Capacity: ~ 160m3; Ballast Tank Capacity: ~5400m3;
Aux. & Composite Boiler: 1 x11,000 kg/h, 1 x 300kg/h; Propulsion: 1 x FPP with shaft;
(All the information and data refer to the Vessel provided in this Announcement, Special Provisions as well as the attachments are for reference only.)
2. Bidding Rules:
2.1 This bidding will be held without a reserved price. If there is only one bidder participating in the bidding, the potential Buyer of the Vessel will be confirmed automatically after the bidding period; If there are two or more bidders participating in the bidding, the potential Buyer of the Vessel will be carried out by bidding. No one has the preemptive right to the transfer of Vessel.
2.2 The starting price is USD 24.88 million, and the bidding deposit is USD 1.5 million (or RMB 10 million). Bid increment is a multiple of USD 0.02 million.
2.3 The bidding time will enter into Extension Bidding Cycle from 16:25 on the bidding date (Beijing Time) after the bidding officially starts. And the countdown timer will be automatically refreshed to 5 minutes once a new bidding price offered during the Extended Bidding Period.
2.4 The bidding currency is USD while the Purchase Price in MOA shall be settled in cross-border RMB. The final Purchase Price in cross-border RMB shall be exchanged by the Middle Rate of RMB-USD published by State Administration of Foreign Exchange (http://www.safe.gov.cn) on the Bidding Day.
The Buyers abroad have the right to pay the purchase funds in cross-border RMB or USD. If the Buyers decide to pay the purchase funds in USD, the full funds in cross-border RMB shall be exchanged by the Middle Rate of RMB-USD published by State Administration of Foreign Exchange (http://www.safe.gov.cn) ONE (1) working day before remittance, to make sure the Transaction Service Account receive enough purchase funds for the Sellers.
2.5 The time of this bidding activity shall be subject to Beijing time (unless otherwise expressly stated).
3. Registration requirements:
3.1 Registration is available from the date of this Announcement and ends before the auction starts (subject to the receipt of bidding deposit, the completion of online registration and the receipt of the bid number plate obtained on the platform. It is recommended that bidders pay the deposit 2-3 days in advance in order to avoid any issues resulting in missing the auction). No registration will be accepted after the 16:00 (Beijing Time) of the bidding date. After successful registration, the bidders shall be deemed to have fully known, accepted and complied with the contents of this announcement, bidding rules, special provisions, attachments and relevant agreements.
3.2 Any legally existing company or organisation inside or outside China is eligible to bid in the auction.
The bidder shall not subject to or affected by any sanction, embargoes, freezing provisions, prohibitions or other restriction relating to trading, doing business, investment, exporting, financing or making assets available (or other activities similar to or connected with any of the foregoing) imposed by law or regulation of the United Nations, the People's Republic of China, United States of America and European Union against any state, natural or legal person, body or entity and are capable of making the payments in cross-border RMB or US Dollars as required under this Agreement（When registration for bidding, the bidders shall provide supporting documents as required by bidding company, and supply additional evidence after bidding as required by the Seller and bidding company）.
3.3 The bidders shall submit the following documents for registration (including but not limited to):
(1) For domestic bidders:
l 营业执照扫描件（加盖公章）
l 法定代表人身份证扫描件（加盖公章）
l 经办人身份证扫描件及授权委托书（如有，需加盖公章）
l 《参拍承诺书》（详见附件）
l 竞拍保证金付款凭证
(2) For overseas bidders:
l Certificate of Incorporation
l Articles of Incorporation
l Copy of Director’s Passport
l Undertaking for Bidding
l Bank slip of bidding deposit
4. Inspection of the Object:
No inspection of the vessel will be arranged during the announcing period. After the MOA is duly signed and the purchase deposit is fully paid, the Buyers have the right to place up to two (2) observers as part of the Sellers’ site supervision team at their sole risk and expense. The observers shall not interfere in any respect with the construction, sea trial or operation of the ship or to be deemed as supervisors of shipbuilding.
5. Account of Bidding Company:
(1) RMB Acct:
l 户名：浙江拍船网航运交易股份有限公司
l 账号：3309040160000036844
l 开户行：杭州银行舟山分行
(2) Cross-border RMB Acct:
l Beneficiary Name: Zhejiang Shipping Exchange Co., Ltd.
l Beneficiary Address: 6th Floor, Zhoushan Bulk Commodity Exchange Center, No.555 Wengshan Rd, Lincheng, Zhoushan, Zhejiang Province, China
l Account No.: 3309040160000036844
l Beneficiary Bank: BANK OF HANGZHOU CO., LTD
l Bank Address: No. 46, Qingchun Road, Hangzhou, P.R. China
l SWIFT: HZCBCN2HXXX
l Intermediary Bank: BANK OF CHINA (QINGCHUN SUB-BRANCH)HANGZHOU ZHEJIANG CHINA（SWIFT: BKCHCNBJ92C）
l Remittance Reference: NSZ0524-14
(3) USD Acct:
l Beneficiary: Zhejiang Shipping Exchange Co., Ltd.
l Beneficiary Address: 6th Floor, Zhoushan Bulk Commodity Exchange Center No. 555 Wengshan Road Lincheng, Zhoushan City, Zhejiang, P.R.China
l Account No. : 3309040160000036851
l SWIFT (Beneficiary Bank): HZCBCN2HXXX
l Beneficiary Bank: Bank of Hangzhou Co, Ltd. Zhoushan
Beneficiary Bank Address: No.619, Dingshen Road, Ganghang building B zone Zhoushan city, Zhejiang Prov. PR China
l Remittance Reference: NSZ0524-14
6. Contacts:
Ms. Wen: +86 18058087023/ 0580-2038333
Mr. Gao: +86 18058087033/ 0580-2038333
E-mail: auction@shipbid.net
Zhejiang Shipping Exchange Co., Ltd.
Zhoushan Yi Ge Ship Auction Co. Ltd.
October 14th, 2024
Article 1 Bidding Rules is made by relevant laws, regulations and policies of the People's Republic of China 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.Disputes, if any, shall be settled by the parties through friendly negotiation. If the negotiation fails, parties concerned may file a lawsuit with the people's court where the auction organizer (Zhejiang Ship Exchange Co., Ltd) is located.
Article 3 All legal persons or organizations that exist legally 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 information including videos, pictures and written introductions offered by the Seller will be uploaded through the Shipbid system after verified by the auctioneer.
The Seller shall take all the legal responsibilities and economic losses if he provides with fake information.
Article 5 The bidders couldn’t participate in the bidding activities until they register as the Buyer through the Shipbid system.
The username and 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 6 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 7 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 8 The bidders apply on the Shipbid system by themselves, and pay the deposit either on line or offline. 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 ）within the required time. The bidders shall not be eligible for bidding if the deposit is delayed or not fully paid on time.
Article 9 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 10 The bidder shall make a cautious bid, and the offer will be irrevocable once submitted.
Article 11 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 12 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 13 The Buyer should confirm his qualification with the enterprise or individual valid certification to the auctioneer within 2 working days after the bidding. After verification and confirmation, the Buyer should sign the Auction Confirmation. If the Buyer fails to sign the Auction Confirmation for any reasons, the auction result shall not be affected.
If the Buyer fails to pass the qualification due to submitting false registration materials, the bidding result is invalid or the Buyer breaches the contract, he shall pay the bidding service fee of both the Buyer and the Seller; If the price of the re-auction is lower than the transaction amount, the Buyer must make up the difference.
Article 14 If the bidding is completed, but the transaction is suspended or terminated, if there is a dispute between the Buyer and the Seller, the auction deposit shall be properly kept by Zhejiang Shipping Exchange until it is paid according to the settlement agreement between the two parties or the effective court judgment or the ruling of the arbitration institution.
Article 15 The payment of balance shall be remitted to the nominated account in time according to the Auction Confirmation.
Article 16 The Buyer should sign the Memorandum of Agreement (MOA) and the Auction Confirmation with the Seller within the required time and make relevant transaction procedures.
Article 17 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 18 The Buyer himself should register the lot and bear all relevant expenses occurred according to the regulations and policies during the transaction procedures.
Article 19 The bidding currency is USD. Both the starting price and purchase price do not include the expenses and taxes occurred during transaction procedures.
Article 20 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 21 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 22 The auctioneer reserves the right to suspend or withdraw the bidding before it starts according to the laws and regulations.
Article 23 The auctioneer reserves the right to suspend or withdraw the bidding if force majeure or accident has caused the online auction to fail.
Article 24 The Seller and the auctioneer shall not bear any responsibility for the abnormal service of the website or the interruption of the auction activity due to force majeure or any third party. After that, the auctioneer will issue a supplementary announcement and explain the reasons for the interruption. A new auction announcement will be issued as soon as possible the website service returns to normal, and the online auction will be organized and completed according to the new auction announcement.
The starting price and reserve price (if any) for re-organizing the bidding due to the above reasons shall be consistent with the original announcement.
Article 25 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.
Article 26 If the bidding announcement, additional provision, inspection report or technical status report of the subject object is described and publicized in Chinese and English (or other languages), in case of contradiction or inconsistency, The Chinese version shall prevail.
Article 27 If the person with the right of preemption participates in the bidding, he/she shall submit legal and effective certificates to the auctioneer before the auction begins. After the auctioneer confirms the qualification, he/she can obtain the right of preemption to participate in the bidding. If he/she fails to submit within the time limit, he/she shall be deemed to have given up the right of preemption of the subject matter.
Article 28 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
1. This additional provision is a supplement to the bidding announcement and rules, which has the same legal effect.
2. Bidding Object:
Hull No.: NSZ0524-14 (“No. 14 Lun” as temporary name);
Status of the Vessel: Under construction;
Type of the Vessel: Oil Tanker / Chemical Tanker (IMO Type 2);
Material of Cargo tank: Stainless Steel 2205;
Design Characteristics:
Class: BV;
Notation: IHULLMACH, Oil tanker, Chemical tanker IMO Type 2, ESP,
Unrestricted navigation, VeriStar-Hull CM
AUT-UMS , Sys-Neq, Mon-shaft, GREEN PASSPORT EU, INWATERSURVEY, IG,
VCS, YOUNG ICE 2, LI-HG-S3
LOA: ~132.00m; Beam: ~21.50m; Depth: ~11.30m;
Draft Design: 8.30m; Draft Scantling: 8.60m;
DWT @ Scantling: 13800t;
Cargo tanks: 12; Slop tanks: 2;
Capacity (Cargo with Slop): ~15200m3;
Hose Hand Crane: 1set x 5t @18m；
Cargo Pumps: 12sets x 230m3/h;
Ballast Pumps: 2sets x 120m3/h;
BWTP: 1set x 600m3/h;
Main Engines: 6UEC33LSE‐C2，1set x 3400kW (Tier III with SCR);
Service Speed w/o S/G (@CSR, @8.3m, with 15%SM): ~13.5kn;
Generators: 3sets x 620kW (Tier III with SCR);
Shaft Generators: 1set x 500kW;
Emergency Generators: 1set x 120kW;
Expected Earliest Completion Time: October 18th 2025;
Builder: Zhoushan Ningshing Ship Building & Repairing Co.,Ltd.
LSHFO Tank Capacity: ~520m3; MGO Tank Capacity: ~ 160m3; Ballast Tank Capacity: ~5400m3;
Aux. & Composite Boiler: 1 x11,000 kg/h, 1 x 300kg/h; Propulsion: 1 x FPP with shaft.
(All the information and data refer to the Vessel provided in this Announcement, Special Provisions as well as the attachments are for reference only.)
All the information and data provided in the Bidding Announcement, Special Provision as well as any other channel related to the Vessel are for reference only. The bidding object is to be delivered and accepted basis on “as is where is” at the time of delivery. If there is any discrepancy between the actual situation and the information and data above shall not affect the bidding and bidding price. Once the bidding is concluded, the Seller and us shall not assume take any liability for defects or quality problems of the bidding vessel.
3. After Bidding:
3.1. After a successful bidding, the Buyers shall send an Auction Confirmation to the Bidding Company on the same day (the ”Bidding Day”) by email or facsimile. The Buyers shall sign an original Auction Confirmation with the Bidding Company within TWO (2) Working Days of the Bidding Day.
3.2 The bidding deposits of the unsuccessful bidders shall be returned within 2 working days after the bidding without interests.
3.3 The sales and purchases agreement (MOA) has been amended basis on SALESFORM 2012 made by Norwegian Shipbrokers’ Association and announced as a part of Bidding Announcement, which has the same effect as the terms in Bidding Announcement.
The Bidders who applied for the auction shall be deemed to accept the full terms of the attached Sales and Purchase Agreement drafted by the Sellers.
The Buyers shall sign MOA with the Sellers within FIVE (5) Working Days after completion of biding.
No modification of MOA will be allowed, except filling with the necessary information (e.g. Buyers’ information, Purchase Price, signing date, etc.), or others terms mutually agreed between the Sellers and the Buyers. In the event of any conflict or ambiguity between MOA and this public auction regulations (including the bidding announcement, bidding rules, special provision, etc), this MOA signed both by the Sellers and the Buyers shall prevail.
3.4 It’s acknowledged the Transaction Service account designated by the Zhejiang Shipping Exchange Co., Ltd. (ZSE) for the Buyers and the Sellers to hold and release the funds of the Purchase Price without interests and the Transaction Service Agreement shall be signed after completion of biding by the Buyers, the Sellers and ZSE on the same day of signing MOA.
ZSE does not charge any additional fees for the fund custody services related to this project, and all the custody funds are free of interest.
3.5 Payment
3.5.1 Purchase Deposit
The Purchase Price shall be settled in cross-border RMB. As security for the correct fulfillment of the MOA the Buyers shall lodge a deposit of 10% of the Purchase Price after effective MOA:
1) If the bidding deposit was paid in cross-border RMB, it will be automatically converted to part of purchase deposit after the MOA signed by both parties. The Buyers shall remit the balance of purchase deposit to the transaction service account within TWO (2) working days after both the MOA and Transaction Service Agreement signed by all parties.
2) If the bidding deposit was paid in USD, the Buyers shall remit 10% of the Purchase Price as the purchase deposit to the transaction service account within TWO (2) working days after both the MOA and Transaction Service Agreement signed by all parties. The bidding deposit in USD paid by the Buyers will be return without interest within TWO (2) working days after the purchase deposit lodged.
3) If the Buyers decide to pay the purchase deposit in USD, the full purchase deposit in cross-border RMB shall be exchanged by the Middle Rate of RMB-USD published by State Administration of Foreign Exchange (http://www.safe.gov.cn) ONE (1) working day before remittance. The bidding deposit will be automatically converted to part of purchase deposit after the MOA signed by both parties and the balance purchase deposit shall be remit within TWO (2) working days after both the MOA and Transaction Service Agreement signed by all parties.
3.5.2 the 2nd Payment
The Buyers shall pay 10% of Purchase Price as the 2nd payment within THREE (3) working days after the keel laid (Attestation of Keel Laying issued by the Classification Society shall prevail).
3.5.3 the 3rd Payment
The Buyers shall pay 20% of Purchase Price as the 3rd payment within THREE (3) working days after the Vessel launched (Attestation of Launching issued by the Classification Society shall prevail).
3.5.4 the 4th Payment
The Buyers shall pay 60% of Purchase Price, the estimate ROB charges and other delivery monies (if any) to the transaction service account within ONE (1) working day after the Sellers send 5 days’ notice with approximate delivery date to the Buyers. The exchange rules of the balance purchase price shall be the same as the purchase deposit.
The Buyers shall pay the purchase funds in full as prescribed in the bidding announcement and MOA. The Transaction Service Agent shall hold and release the funds as specified in the MOA and Transaction Service Agreement.
3.6 If the domestic Buyers win the bidding, they shall appoint the import agent designated by the bidding company to finish importing formalities relating to the Vessel (including but not limited to cross-border RMB exchanging and payment) and all the importing charges and risks shall be for the Buyers’ account.
3.7 If the Buyers fail to sign the MOA or the Auction Confirmation as scheduled, the Sellers shall have the right to cancel the sales and purchase case and be entitled to and confiscate all the bidding deposit paid by Buyers but without prejudice to the Sellers’ right to claim their losses against the Buyers.
If, after the signing of the MOA and the Transaction Service Agreement, the transaction service account is failed to open due to the Buyers’ reasons, or the Buyers fail to pay the balance of Purchase Price on time as prescribed in the Sales and Purchase Agreement, the Sellers shall have the right to cancel the MOA and be entitled to confiscate all the Purchase Deposit paid by Buyers but without prejudice to the Sellers’ right to claim their losses against the Buyers.
3.8 If the Buyers' breach of contract as mentioned above leads to the cancellation of the transaction, the bidding company shall release the bidding deposit with the deduction of bidding service fee to the Sellers no later than THREE (3) workking days after the Buyers breaching the bidding rules (such as not signing Auction Confirmation / Sales and Purchase Agreement / Transaction Service Agreement and so on). Zhejiang Shipping Exchange Co., Ltd. shall have the right to re-organize the bidding activity for the object Vessel against the instructions of the Sellers.
4. Transfer (Deletion) and Delivery of the Ship:
4.1 The original owner (as the Sellers) should complete all the deletion procedures relating to the Vessel within Ten (10) working days after the Protocol of Delivery and Acceptance signed, dated and timed arrive at the Sellers. The Buyers have no right to shift the Vessel without deletion certificate provided by the Sellers (except for majeure such as bad weather).
The Earliest Delivery Date: October 18th, 2025
The Last Delivery Date: January 29th, 2026
If the Delivery indeed has to be postponed due to force majeure factors or emergencies, a new Last Delivery Date should be mutually agreed by the Sellers and the Buyers.
4.2 Delivery Place: The Vessel shall be delivered and taken over by the Buyers at a safe port or anchorage in Zhoushan port of China, at the Sellers’ option. The Sellers shall send TWENTY (20) days’ notice with intended delivery time and place in advance.
4.3 Delivery Condition: The Vessel is under construction, and will be delivered and taken on an “as is where is” as the time of delivery basis at Nignshing Ship Building & Repairing Co., Ltd. The Sellers ensure to equip enough spare parts to meet the codes and standards.
4.4 The delivery documentation provided by the Sellers and the Buyers on Closing shall be mutually agreed by the addendum to the MOA.
4.5 TWO (2) attachments in total (Undertaking for Bidding, MOA). Please download and check the details.
5. Related expenses:
5.1 Bidding service fee: The Buyers shall pay the bidding company 1% of the purchase price as the bidding service fee in TWO (2) working days after completion of bidding.
5.2 The bank charges related to the bidding deposit shall be borne by the bidders; and the bank charges related to the purchase price shall be borne by the Buyers.
5.3 The Sellers shall provide the Buyers with commercial invoices of the purchase price and ROB charges. All the taxes, expenses and costs incurred after the ship delivery shall be borne by the Buyers themselves.
5.4 The remaining fuel/lubricating oils/hydraulic oils/grease is not included in this bidding. On delivery, the representatives from the Buyers and the Sellers shall take measurement of the remaining bunkers and unused lubricating/hydraulic oils/grease.
The Buyers shall take over the remaining bunkers at:
(a) The last actual net price (excluding barging expenses) as evidenced by invoices or vouchers; or if such invoices or vouchers not available, the newest bunker price published by Shanghai CHIMBUSCO prior to the delivery date shall be applied.
The Buyers shall take over remaining unused lubricating and hydraulic oils and grease in storage tanks and unopened drums and pay:
(b) The last actual net price (excluding barging expenses) as evidenced by invoices or vouchers; or if such invoices or vouchers not available, the marketing price published by the makers on the Three (3) working day prior to the date of delivery date shall be applied.
The actual charges shall be settled according to the actual measured amount on the day of delivery, and any excess payment shall be refunded and deficiency shall be repaid.
5.5 The Vessel with everything belonging to her shall be at the Sellers' risk and expense until she is delivered to the Buyers, while the Vessel’s risk and expenses shall be for the Buyers’ account after signing Protocol of Delivery and Acceptance under Sales and Purchase Agreement.
6. Other:
Shipbuilding Supervision of this Vessel: IMC Ship Services Pte. Ltd..
7. The announcement in Chinese and English respectively, in the event of any discrepancies between the Chinese and English versions, the Chinese version shall prevail.
8. Matters not covered herein shall be settled through negotiation by the bidding company, the Sellers and the Buyers.
Zhejiang Shipping Exchange Co., Ltd.
Zhoushan Yi Ge Ship Auction Co. Ltd.
October 14th, 2024