Entrusted by the transferor (the Sellers)，we have scheduled to hold an online public bidding on www.shipbid.net from 16:00 to 16:30 (Beijing Time) on April 28th, 2022.

1. Bidding Object:

MV “MSXT OCEANUS”, Bulk Carrier; IMO: 9600633; Port of Registry: Panama; Class: ABS; LOA: 229.00m; MLB: 32.26m; MLD: 20.20m; Summer DWT: 81641.80t at Draft 14.52m; GRT: 44252; NRT: 26913; M/E: DOOSAN MAN B&W 6S60MC-C8 * 1 set, 10170kW@91r/min; Generators: Hyundai 6H17/28 * 3 sets, 660kW@900r/min; Built Time: July 12th, 2012; Builder: DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD , Korea (Data above refers to the ship inspection certificates)

Remarks: The ship is under navigation.

2. Bidding Rules:

The bidding will be held with a reserved price. If there are less than three bidders participating in the bidding, the auction will be deemed as invalid after the expiration of the announcement period. If there are three or more bidders participating in the bidding, the potential transfer of the Ship will be carried out by auction. However, if the highest price offered by the bidder is lower than the reserved price, the auction will be deemed as invalid. The starting price is USD 19.28 million, and the bidding deposit is USD 1.3 million (or RMB 8.45 million). Bid Increment: a multiple of USD 0.05 million.

3. Registration Requirements:

Registration is available from the date of this Announcement and ends on April 28th, 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), and 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: MSXT OCEANUS

(2) CNY Acct:

lBeneficiary: 浙江船舶交易市场有限公司

lAccount No.: 1206020109200087908

lBeneficiary Bank:工商银行舟山分行营业部

6. Contacts:

Ms. Chen:  +86 15958087305 / 0580-2038889；

Mr. Zhang: +86 15088890506 / 0580-2627109；

E-mail: auction@shipbid.net

Zhejiang Shipping Exchange Market Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd.

April 06th, 2022

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 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 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 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. 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 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 2 working days after the bidding. After verification and confirmation, the Buyer should sign the Purchase Confirmation.

If the bidding becomes invalid or the final transaction fails because of the Buyers who provides the false registration documents, unilaterally violates the contract or regrets the bids, the bidding deposit remitted by the Buyers shall be the property of the Sellers. The Buyers shall pay the bidding commissions both for themselves and the Sellers(if any), and should make up the price difference if the final Purchase Price(via auction again) is lower than the first amount.

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 US dollar. 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.

Article 27 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 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 Market 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:

MV “MSXT OCEANUS”, Bulk Carrier; IMO: 9600633; Port of Registry: Panama; Class: ABS; LOA: 229.00m; MLB: 32.26m; MLD: 20.20m; Summer DWT: 81641.80t at Draft 14.52m; GRT: 44252; NRT: 26913; M/E: DOOSAN MAN B&W 6S60MC-C8 * 1 set, 10170kW@91r/min; Generators: Hyundai 6H17/28 * 3 sets, 660kW@900r/min; Built Time: July 12th, 2012; Builder: DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD , Korea (Remarks: This ship is under navigation).

The above data are recorded in the ship's inspection certificate. All the information and data provided in the Bidding Announcement, Special Provision, Inspection 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 data above, the bidding and bidding price won’t be disturbed. Once the bidding is concluded, the bidding company and the Sellers 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, and sign MOA with the Sellers within ten (10) Banking Days after bidding.

3.2 The bidding deposits of the unsuccessful bidders shall be returned within 2 working days after the bidding without interests.

3.3 The Sellers and the Buyers will together appoint Ince & Co Hong Kong as the Escrow Agent, all relevant costs will be equally borne by the Sellers and the Buyers. It’s acknowledged the dollar account designated by Escrow Agent is the escrow account for the Buyers and Sellers to hold and release the funds of the Purchase Price as well as all other sum payable.

3.4 The Sellers have ordered the Ballast Water Treatment System (Manufacturer: HEADWAY; System: OceanGuard Ballast Water Management; Type Model: HMT-1200x1; Treatment Rated Capacity: 1560m3/h x 1) and the Purchase Contract with the Manafacturer has taken effect.

The Buyers shall accept the transfer of the above mentioned Purchase Contract with the original price, and afford the tax-exclusive extra cost USD192,000.00 (Say United States Dollars One Hundred Ninety-two Thousand Only ) in connection with Ballast Water Treatment System, which is not included in the Purchase Price of the ship. The Agreement of Transfer shall be signed among the Sellers, the Buyers and the Manufacturer after bidding.

3.5 Below hired equipments are excluded from this Sale:

4. Transfer (Deletion) and Delivery of the Ship

4.1 Within three (3) banking days after the MOA is duly signed by the Sellers and the Buyers and the escrow account is opened, The Buyers shall lodge 10% of the Purchase Price as the purchase deposit into the escrow account. The bidding company shall refund the bidding deposit with the deduction of bidding service fee to the Buyers within five (5) banking days (without interests) once the Escrow Agent confirms the safe receipt of the purchase deposit. And the balance of the Purchase Price, estimated ROB charge and other delivery monies (if any) shall be paid by the Buyers to the escrow account at least two (2) banking days prior to the Ship’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. The Purchase Price, ROB charge and other delivery monies (if any) will be released by the Escrow Agent to the Sellers’ account in due course.

4.2 The original ship owner (as the Sellers) should complete all the deletion procedures relating to the ship within 10 working days after signing PODA.

Notice of Readiness shall not be tendered before: May 17th, 2022; 

Cancelling Date: July 10th, 2022.
If the Delivery indeed to be extended due to the influence of Novel Coronavirus Pneumonia or other force majeure factors, the new Cancelling Date can be negotiated provided a mutual consent reached 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. 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 confirm accept the ship’s condition if they did not inspect the ship at the nominated time within the prescribed inspection time. 

4.4 The sales and purchases contract (MOA) shall be signed as attached. In principle, no modification to the main clauses of the MOA, unless otherwise 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.

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

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

5. Related expenses

5.1 Bidding service fee: After bidding, the Buyers shall pay the bidding company 1% of the purchase price as service fee, which will be directly deducted from the bidding deposit paid by the Buyers.

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. 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 fuel oils, 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. Items on board which are on hire or owned by third parties (if any) are excluded from the bidding.

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 Ship 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.

April 06th, 2022

                                               Supplement Statement

Bidding announcement and special provisions have been adjusted on April 21st 2022. If there is any discrepancy with the previous announcement and special provisions which published or declared through any channel, this announcement and special provisions shall prevail.

Undertaking for Bidding-Inspection Done MSXT OCEANUS.pdf
Undertaking for Bidding-Inspection Waived MSXT OCEANUS.pdf

MSXT OCEANUS MOA.pdf