Shipbid-Professional ship auction platform-QUAN FU Bidding Announcement

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Bidding Announcement of QUAN FU

Bidding Ending Information

Start：

2024-04-10 16:00

End：

2024-04-10 16:30

Total Bid：

0 times

Final Price：

$1980000

Bidding Winner：

Bidding Status：

Finished

Starting Price:$1980000 USD

Bid Increment:$5000 USD

Bidding Deposit:$250000 USD

Preemption Claimant:None

Evaluation Price:Unrevealed

Bidding Period:0.5 hours

Extension Cycle:5 min/time

Reserved Price:None

Type: Others

Bidding History

None

Reserved price hasn't been reached.

The Sellers have lowered the Reserved Price

Ship name	QUAN FU	Type of vessel	Container Ship
Entrust institution	ZHEJIANG SHIPPING EXCHANGE	Reference price(USD)	1980000
State of the auction		Auction date	2024-04-10
Ship's classification	ICS	Length overall（m）	131.62
Port of registry	PANAMA	Length（m）
Molded breadth（m）	20.00	Molded depth（m）	10.50
Gross tonnage	8824.00	Deadweight/Reference capacity（t）	12036.90
Type of main engine	8PC2-5L	Total fixed power（KW / h）	3824.00
Shipyard	ZHEJIANG DONGFANG SHIPBUILDING CO.,LTD	Completion date	2006-04-24
Reconstruction shipyard		Reconstruction completion date

Announcement

Bidding Rules

Special Provisions

Technical Report

Supplement

Bidding History

Announcement

Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 16:00 to 16:30 (Beijing time) on April 2nd, 2024.

1. Bidding Object:

MV “QUAN FU” (IMO No.: 8356314);

Type of Ship: Container ship;

Port of Registry: Panama;

Class: ICS；

Length: 131.62m; MLB: 20.00m; MLD: 10.50m;

GRT: 8824; NRT: 3837;

12036.9 DWT at Summer Draft 7.80m;

Container Capacity: 780TEU;

M/E: SHAANXI 8PC2-5L, 3824 KW @ 520 RPM * 1 SET;

Built: Apr 24th, 2006 in ZHEJIANG DONGFANG SHIPBUILDING CO.,LTD.

(Data and relevant information provided in this announcement 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 bidder will be automatically determined as the buyers after the bidding period. If there are two or more bidders participating in the bidding, the potential transfer of the Vessel will be carried out by auction. No one has the preemptive right to the transfer of the Vessel.

2.2. The starting price is USD 1.98 million, and the bidding deposit is USD 0.25 million (or RMB 1.8 million); Bid increment is a multiple of USD 5 thousand.

2.3. The bidding time will enter into Extension Cycle since 16:25 April 2nd, 2024 (Beijing Time) after the bidding officially starts, and then the ending time will be refreshed to 5 minutes once each new bidding price offered.

2.4. If the Buyers pay the deposit in USD when applying for the bidding, it (deducting the bidding service fee) will be automatically converted as the purchase deposit after signing MOA and Escrow Agreement. If the Buyers pay the deposit in RMB, Buyers shall pay another USD 0.25 million separately to the bidding company’s designated USD account within 2 working days upon the completion of the bidding. The bidding company shall return the RMB deposit fully back to the Buyers within 1 working day after the receipt of the USD deposit.

2.5. The time of this auction is subject to Beijing time (unless otherwise stipulated).

2.6. If no qualified bidders are collected after the expiration of this announcement, the announcement content will not be changed and will be extended in a cycle of 5 working days.

3.Registration requirements:

3.1. Registration is available from the date of this Announcement and ends on March 29th, 2024 (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 resulting in missing the auction). No registration will be accepted after the deadline. After successful registration, the bidder shall be deemed to have fully known, accepted and complied with the contents of this announcement, bidding rules, special provisions and relevant agreements.

3.2. Any organization in and outside the People’s Republic of China with full capacity for civil conduct and legally existing may participate in this bidding.

3.3. The bidder shall submit the following documents for registration (including but not limited to):

(1) For domestic bidders:

●营业执照扫描件（加盖公章）

●法定代表人身份证扫描件（加盖公章）

●经办人身份证扫描件及授权委托书（如有，需加盖公章）

●《参拍承诺书》

(2) For overseas bidders:

●Certificate of Incorporation certified as true copy by the director

●Articles of Incorporation

●Copy of Director’s Passport

●Undertaking for Bidding

●Bank slip of bidding deposit

4.Date and Place for Inspection of the Vessel:

Inspection place 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 Vessel 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 Vessel, including but not limited to all known and unknown defects related to the vessel certificates and the vessel condition, etc. Potential bidders shall not object to defects, such as the quality, of the Vessel for any reason.

5. Account of Bidding Company:

(1) RMB Acct.:

●户名：舟山易舸船舶拍卖有限公司

●账号：3309040160000372900

●银行：杭州银行舟山分行

(2) USD Acct.:

●Beneficiary: Zhoushan Yi Ge Ship Auction Co. Ltd.

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

●Account No. : 3309040160000372942

●SWIFT (Beneficiary Bank): HZCBCN2HXXX

●Beneficiary Bank: Bank of Hangzhou Co., Ltd, Zhoushan Branch

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

●Remittance Reference：QUAN FU

6.Contacts:

Ms. Ai: +86 18171278469 / 0580-2027516

Mr. Zhou: +86 18058087036 / 0580-2038882

Email address: auction@shipbid.net

Zhejiang Shipping Exchange Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd.

March 22nd, 2024

Bidding Rules

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 Market 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 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 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.

Article 14 If the Buyers do not pay the balance of Purchase Price within the prescribed time or do not take the bidding object, the Sellers are entitled to bid again of which the original Buyers cannot partiticate. If the Buyers regret to bid after completion of the auction (including but not limited to failure to pay the balance Purchase Price 2 working days prior to delivery, or other circumstances the original Buyers express clearly ), the bidding deposit lodged shall not be refunded, and will be used to pay the cost loss caused by the first bidding, make up the difference between the re-bidding price and the first bidding price. If the deposit amount is insufficient cover the costs, the Sellers have the right to pursue recourse against the original Buyers.

Article 15 The payment of balance shall be remitted to the nominated account in time according to the Purchase Confirmation.

Article 16 The Buyer should sign the Sale and Purchase Contract by the Purchase 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 阿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.

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 “QUAN FU” (IMO No.: 8356314);

Type of Ship: Container ship;

Port of Registry: Panama;

Class: ICS；

Length: 131.62m; MLB: 20.00m; MLD: 10.50m;

GRT: 8824; NRT: 3837;

12036.9 DWT at Summer Draft 7.80m;

Container Capacity: 780TEU;

M/E: SHAANXI 8PC2-5L, 3824 KW @ 520 RPM * 1 SET;

Built: Apr 24th, 2006 in ZHEJIANG DONGFANG SHIPBUILDING CO.LTD.

All the information and data provided in the Bidding Announcement, Special Provision, Technical Report as well as any other channel related to the vessel are 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 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 Vessel.

3. After Bidding:

3.1.Following a successful bidding, the Buyers shall sign an original Auction Confirmation with the Bidding Company within TWO (2) Banking Days of the Bidding Date, and sign Sales and Purchase Contract (or MOA) with the Sellers and the Escrow Agreement with the Bidding Company within Five(5) Banking Days (no later than THREE (3) Banking Days before delivery) after bidding.

3.2. After the signing of the vessel’s Sales Contract (or MOA), the auction deposit paid by the Buyers shall be automatically converted into the vessel’s purchase deposit under the Sales Contract (or MOA).

3.3. The bidding deposits of the unsuccessful bidders shall be returned within TWO (2) Banking Days after the bidding without interest. The bidding deposit of the Buyers will be automatically converted as part of purchase fund after the bidding without interest.

3.4. In this auction, the RMB or US dollar accounts designated by our company are regarded as third-party fund escrow accounts. We shall, within 3 working days after receiving the Protocol of Delivery an Acceptance and Letter of Instruction in Relation to the Funds signed by the Buyers and the transferor, and cancellation certificate of the transferor in original or scanned copy, release all the Purchase Price, ROB Charges and other payables received by the Buyers. Our company does not charge any additional fees for the fund custody services related to this project, and all the custody funds are free of interest.

4. Transfer (Deletion) and Delivery of the Vessel:

4.1. The Buyers shall pay 1% of the Purchase Price as the bidding service fee no later than 16:00 on April 7th, 2024 (Beijing Time). And the Buyers shall remit the balance of the Purchase Price, estimated ROB charge and other delivery monies (if any) to the escrow account, 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 owner (as the Sellers) should complete all the cancellation procedures relating to the Vessel within 10 Banking Days after signing PODA.

Notice of Readiness shall not be tendered before: April 8th, 2024;

The Latest Delivery Date: May 8th, 2024;

If the Delivery indeed has to be postponed due to the influence of force majeure factors, a new Latest Delivery Date should be fixed between the Sellers and the Buyers.

4.3. Delivery Place: Ningde anchorage, China, at the Sellers’ option. The Sellers shall send the notice with intended delivery time and place 10 days in advance.

The Sellers are not responsible for any time and cost for the Buyers to take delivery of the vessel which shall be for the Buyers’ account.

The vessel shall be handed over according to the status quo at the time of inspection. When the bidders complete the registration procedures and participates in the bidding, it shall be deemed to have fully understood all the information of the subject matter of the bid, including but not limited to all known and unknown defects related to the vessel’s certificate, condition, etc. The Buyers shall not raise objections to the defects such as the quality of the vessel for any reason. The Buyers shall be deemed to confirm accepting the vessel’s condition if they did not inspect the vessel at the nominated time within the prescribed inspection time.

5.Related expenses:

5.1. Bidding service fee: After the bidding, the Buyers shall pay 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. In the bidding, the Sellers shall provide the proforma invoices of the Purchase Price and the ROB Charges. All expenses incurred after the handover of the vessel and all taxes incurred during the transfer shall be borne by the Buyers themselves.

5.4. This auction does not contain the remaining bunkers, VSAT and other leased items stored with the ship (if any). On delivery, the Buyers and the Sellers shall take measurement of the remaining bunkers and unused lubricating oils. 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 actual net price (exclude barging expenses) as evidenced by invoices or vouchers; or if the invoices or vouchers are not available, market price of Platts Singapore on the THREE (3) business days prior to the date of delivery to be applied.

5.5. By the delivery time of the vessel, all expenses and custody responsibilities of the target before the handover of the vessel shall be borne by the transferor; after the handover of the vessel, the expenses and risk responsibilities of the target shall be borne by the Buyers, and the custody responsibility of the target shall also be borne by the Buyers. If there is any other agreement in the Sales and Purchase Contract (or MOA), the agreement in the Sales and Purchase (or MOA) signed by the Buyers and the Sellers shall prevail.

6.This Announcement is described in both Chinese and English. In case of any discrepancy between the two languages, Chinese version shall prevail.

7. 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.

March 22nd, 2024

Technical Report

Supplement

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