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Bidding Announcement of LOCH LOMOND
Bidding Ending Information
   
Start:
2022-09-21 16:00
End:
2022-09-21 16:50
Total Bid:
88 times
Final Price:
$11250000
Bidding Winner:
095
Bidding Status:
Successful
Starting Price:$7550000 USD
Bid Increment:$20000 USD
Bidding Deposit:$800000 USD
Preemption Claimant:None
Evaluation Price:Unrevealed
Bidding Period:0.5 hours
Extension Cycle:5 min/time
Reserved Price:Yes
Type: State-owned
Bidding History(88)
Status Bidder Price(USD)
095 $11250000
582 $11230000
095 $11210000
582 $11190000
095 $11170000
582 $11150000
095 $11130000
582 $11110000
095 $11090000
582 $11070000
More Details
Reserved price hasn't been reached.
The Sellers have lowered the Reserved Price
Ship name
LOCH LOMOND
Type of vessel Oil and Chemical Carrier
Entrust institution ZHEJIANG SHIPPING EXCHANGE Reference price(USD) 7550000
State of the auction Auction date 2022-09-21
Ship's classification CCS Length overall(m) 149.79
Port of registry Monrovia Length(m)
Molded breadth(m) 24.00 Molded depth(m) 12.60
Gross tonnage 12320.00 Deadweight/
Reference capacity(t)
19098.30
Type of main engine MAN-B&W 7S35MC-MK7 Total fixed power
(KW / h)
5180.00
Shipyard Zhejiang Taitong Shipyard Co., Ltd. Completion date 2010-04-26
Reconstruction
shipyard
Reconstruction
completion date
Announcement
Bidding Rules
Special Provisions
Technical Report
Supplement
Bidding History(88)
Announcement

Entrusted by the transferor (the Sellers)we have scheduled to hold a public bidding onlinewww.shipbid.netfrom 16:00 to 16:30 (Beijing Time) on September 21st, 2022.

 

1. Bidding Object:

MV “LOCH LOMOND”,Chemical Oil Tanker; 

IMO: 9571210;

PoR: Monrovia; Class: CCS;

LOA: 149.79m; MLB: 24.00m; MLD: 12.60m;

Summer DWT: 19098.30t;

Design Draft: 9.35m;

GRT: 12320; NRT: 6056;

Tanker capacity: 21579.28m3

M/E: MAN-B&W 7S35MC-MK7*1 set, 5180kW@173r/min;

Generators: Shanxi Diesel Heavy Industry 6L16/24*2 sets, 600kW@1200r/min; Shanghai Qiyao 6L16/24*1 set, 660kW@1200r/min;

BWTS maker: Wuxi Brightsky Electronic Co.,Ltd; Type: BSKY600;

Built Time: April 26th, 2010; 

Builder: Zhejiang Taitong Shipyard Co., Ltd.

Intermediate survey / drydocking survey:  August 17th,2022

 (Data above refers to the ship inspection certificates)

 

2. Bidding Rules:

The bidding will be held with a reserved price. If there are less than two bidders participating in the bidding, the auction will be deemed as invalid after the expiration of the announcement period. If there are two or more bidders participating in the bidding, the potential transfer of the Ship will be carried out by auction. The starting price is USD 7.55 million, and the bidding deposit is USD 0.8 million (or RMB 5.4 million). Bid Increment: a multiple of USD 0.02 million.

 

If the Buyers pay the deposit in US dollars when applying for the bidding, it will be automatically converted as part of purchase fund after the bidding. If the Buyers pay the deposit in CNY, Buyers shall pay another USD 0.8 million separately to the bidding company’s designated US dollar account within 2 working days upon the completion of the bidding. The bidding company shall return the CNY deposit fully back to the Buyers within 1 working day after the receipt of the US deposit.

 

3. Registration Requirements:

Registration is available from the date of this Announcement and ends on September 21st, 2022 (Beijing Time) 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 1-2 days in advance in order to avoid any issues). No registration will be accepted after the deadline. The time of this auction activity shall be subject to Beijing time. This auction only accepts legal persons or organizations that exist legally to participate in the auction.

 

4. Date and Place for Inspection of the Ship:

Inspection time is to be determined (according to specific voyage and port arrangement, and we will issue the notice in advance if possible) please confirm with the bidding company for details. Potential bidders can inspect the Ship within the stipulated time. The risk and expenses in relation to the inspection shall be borne by the potential bidders. The bidding company and the Sellers shall only be responsible for coordination work. Potential bidders who fail to participate in the on-site inspection yet complete the registration procedure within the prescribed inspection time shall be deemed to have recognized and accepted the status quo and defects of the Ship, including but not limited to all known and unknown defects related to the ship certificates and the ship condition, etc. Potential bidders shall not object to defects, such as the quality, of the Ship for any reason.

 

5. Account of Bidding Company:

(1) USD Acct:

lBeneficiary: Zhejiang Shipping Exchange Market Co., Ltd.

lBeneficiary Address: 6th Floor, Zhoushan Bulk Commodity Exchange Center, No.555 Wengshan Rd, Lincheng Zhoushan Zhejiang Province, P.R. China

lAccount No. : 3309040160000036851

lSWIFT (Beneficiary Bank): HZCBCN2HZSB

lBeneficiary Bank: Bank of Hangzhou Co., Ltd, Zhoushan Branch

lBeneficiary Bank Address: No.619, Dingshen Road, Ganghang Building B Zone, Zhoushan city, Zhejiang Prov. P.R. China

lRemittance Reference: LOCH LOMOND

 

(2) CNY Acct:

lBeneficiary: 浙江船舶交易市场有限公司

lAccount No.: 3309040160000036844

lBeneficiary Bank:杭州银行舟山分行

 

6. Contacts:

Mr. Zhou: +86 18058087036 / 0580-2038333

Mrs. Liu: +86 18058087039 / 0580-2038889

E-mail: auction@shipbid.net

 

Zhejiang Shipping Exchange Market Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd

August 23rd, 2022

 

Bidding Rules

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.Bidders shall have a comprehensive understanding of the bidding object before participating in the online bidding activity, accept the requirements and relevant terms for the transferee in the bidding, and shall not regret on the grounds that they do not know about the bidding object after bidding online, and bear legal responsibility for their own behavior. In case of any dispute, the bidder may file a lawsuit to the people's court in the place where the organizer is located.

 

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 information provided by the Sellers, including video, pictures and text introduction, will be sorted out by the organizer and uploaded through the online auction system, which is only for the reference of the bidder and does not constitute any guarantee of the bidding object.

 

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 buyers through the Shipbid system. 

 

The accounts 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 Purchase Confirmation. If the buyer fails to sign the Auction Transaction Confirmation for 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 buyers and the sellers; If the price of the re-auction is lower than the transaction amount, the buyer must make up the difference.

 

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 Market 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 14 The balance shall be remitted to the nominated account in time according to the Purchase Confirmation.

 

Article 15 The Buyer should sign the Sale and Purchase Agreement with the seller within the required time and make relevant transaction procedures.

 

Article 16 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 17 The Buyer himself should register the lot and bear all relevant expenses occurred according to the regulations and policies during the transaction procedures.

 

Article 18 The bidding currency is US dollar. Both the starting price and purchase price do not include the expenses and taxes occurred during transaction procedures.

 

Article 19 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 20 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 21 The auctioneer reserves the right to suspend or withdraw the bidding before it starts according to the laws and regulations.

 

Article 22 The auctioneer reserves the right to suspend or withdraw the bidding if force majeure or accident has caused the online auction to fail.

 

Article 23 If the service of the Website is abnormal or the auction activity is interrupted due to force majeure or a third party, the trustee and the organizer shall not assume any responsibility. After that, the organizer will issue a supplementary announcement and explain the cause of interruption until a new auction announcement is issued after the website service is restored to normal, and the online auction will be organized according to the new auction announcement.

 

Article 24 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.

 

Article25 Bidding announcement, additional provision and other contents are described both in Chinese and English. In case of any discrepancy between the two languages, Chinese shall prevail.

 

Article26 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 Market Co Ltd is responsible for the interpretation of the Rules.

 

 


Special Provisions

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

 

2.  Bidding Object:

MV “LOCH LOMOND”, Chemical Oil Tanker

IMO: 9571210;

PoR: Monrovia; Class: CCS;

LOA: 149.79m; MLB: 24.00m; MLD: 12.60m;

Summer DWT: 19098.30t;

Design Draft: 9.35m;

GRT: 12320; NRT: 6056;

Tanker capacity: 21579.28m3

M/E: MAN-B&W 7S35MC-MK7*1 set, 5180kW@173r/min;

Generators: Shanxi Diesel Heavy Industry 6L16/24*2 sets, 600kW@1200r/min; Shanghai Qiyao 6L16/24*1 set, 660kW@1200r/min;

BWTS maker: Wuxi Brightsky Electronic Co.,Ltd; Type: BSKY600;

Built Time: April 26th, 2010; 

Builder: Zhejiang Taitong Shipyard Co., Ltd.

Intermediate survey / drydocking survey:  August 17th,2022

 (Data above refers to the ship inspection certificates)

 

All the information and data provided in the Bidding Announcement, Special Provision, Technical Report as well as any other channel related to the Ship are for reference only. The bidding object is subject to the status 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 Sellers and we shall not assume any liability for defects or quality problems of the bidding ship.

 

3. After Bidding

3.1 Following a successful bidding, the Buyers shall send an Auction Confirmation to the Bidding Company on the same day (the “Bidding Day”) at the email address or facsimile number. The Buyers shall sign an original Auction Confirmation with the Bidding Company within two (2) Banking 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. The bidding deposit of the Buyers will be automatically converted as part of purchase fund after the bidding without interests.

3.3 It’s acknowledged the interests-free dollar account designated by the bidding company is the escrow account for the Buyers and Sellers to hold and release the funds of the Purchase Price. After signing the Protocol of Delivery and Acceptance (PODA) & Joint Release Letter, the bidding company shall release all the purchase funds which received from the Buyers, including but not limited to ROB charge and other delivery monies to the Sellers within 3 working days without interests. The bidding company shall not charge any additional fee for the escrow service of funds. 

 

4. Transfer (Deletion) and Delivery of the Ship

4.1 The Buyers shall pay all the bidding service fee not later than 16:00 September 23rd, 2022 (Beijing Time), and remit the balance of the Purchase Price, estimated ROB charge and other delivery monies (if any) to the escrow account nominated by the Sellers, at least TWO (2) working days prior to the Vessel’s expected delivery date. Any delay or failure to pay fees mentioned above shall be deemed as a breach of the Bidding Announcement and the MOA.

4.2 The original ship owner (as the Sellers) should complete all the deletion procedures relating to the ship within 5 working days after signing PODA.

Notice of Readiness shall not be tendered before: September 26th, 2022; 

Cancelling Date: October 26th, 2022.
If the Delivery indeed to be extended due to the influence of Novel Coronavirus Pneumonia or other force majeure factors, a new Cancelling Date should be fixed between the Sellers and the Buyers.

4.3 Delivery Place: The ship shall be delivered and taken on an “as is where is” basis, as she is and where she is at the time that the Buyers take delivery at one safe port or anchorage or pilot station within Singapore – Japan range (including China and Korea) at Sellers’ option, but the Sellers’ first option is Qingdao Port. The Sellers shall send the notice with intended delivery time and place 15 days in advance. The Sellers are not responsible for any time and cost for Buyers to take delivery of the Ship which shall be for the Buyers’ account. The Buyers shall be deemed to accept the ship’s condition if they did not inspect the ship within the prescribed inspection time.

4.4 There are 21 crews on board, including 9 Chinese and 12 foreigners.  If the port designated by the Sellers is unable to carry out crew change or delivery procedures, the Buyers shall unconditionally continue to hire all the crews on board and carry out the ship’s delivery in accordance with the agreement, and the Sellers shall assist the Buyers to handle the relevant procedures.  In this case, the Sellers will give suitable compensation to the Buyers (based on fair and reasonable negotiation between the Sellers and the Buyers, but not more than $100000) as contract compensation for original Chinese crews and repatriation expenses for original foreign crews,the cost will be a lump sum settlement when delivery. In additional, the Sellers will no longer bear any other costs associated with the crew change. 

4.5 The sales and purchases contract (MOA) shall be signed as attached. In principleno modification of the MOA will be allowed, except filling with the necessary information (e.g. Buyers' information, purchase price, 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 notice (including the bidding Announcement, bidding rules, special provision, etc), the terms in such public notice shall prevail.

The Buyers shall sign the sales and purchases contract (MOA) with the Sellers within 5 working days after the bidding.  If the Buyers fail to sign the auction confirmation or the MOA as scheduled, the Sellers have the right to confiscate all the bidding deposit. 

4.6 Documents provided by the Sellers and the Buyers on Closing shall be refer to MOA.

4.7 The hired equipment: V-SAT 1 SET (Type: K100A16101039 ) excluded from this Sale.

4.8 Three attachments in total. Please download and check the details.
 

5. Related expenses

5.1 Bidding service fee: After the bidding, the Buyers shall pay to the bidding company 1% of the purchase price as bidding service fee.

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 would provide with commercial invoice of the purchase price and the remaining bunkers & unused lubricating. All the taxes, expenses and costs incurred after the ship delivery shall be borne by the Buyers themselves.

5.4 On delivery, the Buyers and the Sellers shall take measurement of the remaining bunkers and unused lubricating. The Buyers shall take over remaining bunkers and unused lubricating and hydraulic oils and grease in storage tanks and unopened drums and pay with the last actual net price (exclude barging expenses) as evidenced by invoices or vouchers; or if the invoices or vouchers are not available, the Platts Singapore price on the 3rd business days prior to the date of delivery to be applied.

5.5 Any taxes, fees and expenses in connection with the purchase and registration in the Buyers' Nominated Flag State shall be for the Buyers' account, whereas similar charges in connection With the closing of the Sellers’ register shall be for the Sellers' account.

The Ship with everything belonging to her shall be at the Sellers' risk and expense until she is delivered to the Buyers, while the Ship’s risk and expenses shall be for the Buyers’ account after the delivery of the vessel under this Agreement.

 

6. Matters not covered herein shall be settled through negotiation by the bidding company, the Sellers and the Buyers. 

 

Zhejiang Shipping Exchange Market Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd.

August 23rd, 2022

 

Technical Report

1. Technical Report

LOCH LOMOND-TECHNICAL REPORT.pdf


2. VR inspection

Supplement

                            Supplement

Entrusted by the Sellers, we have issued the bidding Announcement, Special Provisions and relative contents for MV “LOCH LOMOND” on August 23th, 2022.  

As the request of the Sellers, Item no.2 of Article 3 of the Special Provisions shall be adjusted from 2.The bidding deposits of the unsuccessful bidders shall be returned within 2 working days after the bidding without interests. The bidding deposit of the Buyers will be automatically converted as part of purchase fund after the bidding without interests.” to “2.The bidding deposits of the unsuccessful bidders shall be returned within 2 working days after the bidding without interests. After signing the sales and purchases contract (MOA), the bidding deposit of the Buyers will automatically converted as purchase deposit under the sales and purchases contract (MOA).”

Please check the sales and purchases contract (MOA) in attachment. The Buyers shall sign the sales and purchases contract (MOA) with the Sellers within 5 working days after the bidding.   

Please kindly note that other announcement will not be changed except for above mentioned adjustment.

 

                  Zhejiang Shipping Exchange Market Co., Ltd

Zhoushan Yi Ge Ship Auction Co,Ltd

                                      September 2nd, 2022





Loch Lomond-MOA (Smartcon).pdf

Undertaking for Bidding-Inspected-LOCH LOMOND.doc

Undertaking for Bidding-Inspection Waived-LOCH LOMOND.doc






 

 

 

 

Bidding History
Status Bidder Price(USD) Time
095
$11250000 2022-09-21 16:45:27
582
$112300002022-09-21 16:45:19
095
$112100002022-09-21 16:43:04
582
$111900002022-09-21 16:42:46
095
$111700002022-09-21 16:41:40
582
$111500002022-09-21 16:41:27
095
$111300002022-09-21 16:39:02
582
$111100002022-09-21 16:38:50
095
$110900002022-09-21 16:36:36
582
$110700002022-09-21 16:36:26
095
$110500002022-09-21 16:35:03
808
$110300002022-09-21 16:34:50
095
$110100002022-09-21 16:33:52
808
$109900002022-09-21 16:33:45
095
$107900002022-09-21 16:33:19
808
$107700002022-09-21 16:33:08
095
$107500002022-09-21 16:32:06
808
$107300002022-09-21 16:32:01
095
$107100002022-09-21 16:31:57
808
$106900002022-09-21 16:31:48
095
$106700002022-09-21 16:31:42
808
$106500002022-09-21 16:31:34
095
$106300002022-09-21 16:31:23
808
$106100002022-09-21 16:31:18
095
$105900002022-09-21 16:31:11
808
$105700002022-09-21 16:30:54
095
$105500002022-09-21 16:30:47
808
$105300002022-09-21 16:30:41
095
$105100002022-09-21 16:30:33
808
$104900002022-09-21 16:30:26
095
$104700002022-09-21 16:29:18
808
$104500002022-09-21 16:29:02
095
$104300002022-09-21 16:28:47
808
$104100002022-09-21 16:28:38
095
$103100002022-09-21 16:28:31
808
$102900002022-09-21 16:28:17
095
$101900002022-09-21 16:27:03
808
$101700002022-09-21 16:26:52
095
$101500002022-09-21 16:26:26
808
$101300002022-09-21 16:26:20
095
$101100002022-09-21 16:26:10
808
$100900002022-09-21 16:26:04
095
$100700002022-09-21 16:25:55
808
$100500002022-09-21 16:25:38
095
$100300002022-09-21 16:25:31
808
$100100002022-09-21 16:25:18
095
$99900002022-09-21 16:24:36
808
$99700002022-09-21 16:24:16
665
$97900002022-09-21 16:24:10
095
$97700002022-09-21 16:23:39
808
$97500002022-09-21 16:23:29
095
$95500002022-09-21 16:22:57
665
$95300002022-09-21 16:22:43
095
$95100002022-09-21 16:19:37
665
$94900002022-09-21 16:19:13
582
$91100002022-09-21 16:18:54
095
$90300002022-09-21 16:18:30
808
$90100002022-09-21 16:17:46
009
$88100002022-09-21 16:17:00
095
$87900002022-09-21 16:16:00
808
$87700002022-09-21 16:15:31
095
$86700002022-09-21 16:13:05
808
$86500002022-09-21 16:12:45
009
$85500002022-09-21 16:12:11
095
$85300002022-09-21 16:09:11
808
$85100002022-09-21 16:08:56
095
$83300002022-09-21 16:08:52
009
$83100002022-09-21 16:08:46
095
$82900002022-09-21 16:08:36
009
$82700002022-09-21 16:08:24
095
$82500002022-09-21 16:08:18
808
$82300002022-09-21 16:08:05
095
$80300002022-09-21 16:07:47
009
$80100002022-09-21 16:07:37
095
$79900002022-09-21 16:07:29
009
$79700002022-09-21 16:07:20
095
$79500002022-09-21 16:06:55
808
$79300002022-09-21 16:06:41
095
$77300002022-09-21 16:06:09
009
$77100002022-09-21 16:05:32
095
$76900002022-09-21 16:05:00
009
$76700002022-09-21 16:04:44
095
$76500002022-09-21 16:04:32
009
$76300002022-09-21 16:04:19
095
$76100002022-09-21 16:03:51
009
$75900002022-09-21 16:02:32
095
$75700002022-09-21 16:02:08
009
$75500002022-09-21 16:00:28
Disclaimer:
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