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 March 22^nd, 2022.

1. Bidding Object:

MV“DAYANG CENTURY”, Supramax Bulk Carrier; IMO: 9491238; Flag State: Liberia; Port of Registry: Monrovia; Class: BV; LOA: 189.99m; MLB: 32.26m; MLD: 18.00m; Summer DWT: 56780MT on 12.80m draft; GRT:33044; NRT:19231; C/H: 5H/5H; Grain Capacity: 71,634.10m3; M/E: DOOSAN MAN B&W 6S50MC-C*1 set, 9480kW@127rpm; Generators: DAIHATSU 5DK-20*3 sets, 660kW@900rpm; Cranes: TTS, 4 sets 28mx30t, with grab; Built Time: April 11^th, 2011; Builder: Jiangdong Shipyard of China Changjiang Shipping Group (Data above refers to the ship inspection certificates)

Remarks: The ship is on voyage, and has installed BWTS.

2. Bidding Rules:

It has no reserved price. If there is only one bidder participating in the bidding, the potential transfer of the Ship will be confirmed automatically after the bidding 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 USD12.8million, and the bidding deposit is USD1.3million (or RMB 8.45 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 USD1.3million separately to the bidding company’s designated US dollar account within 2 banking days upon the completion of the bidding. The bidding company shall return the CNY deposit fully back to the Buyers within 1 banking day after the receipt of the US deposit.

3. Application:

Application is available from the announcing time until 16:00 March 22nd, 2022(Beijing Time) (subject to the receipt of bidding deposit, the completion of online registration and the receipt of the bid number obtained on the platform. It is recommended to pay deposit 1-2 days in advance in order to avoid any problems). No application will be accepted after the deadline. The time of this auction activity shall be subject to Beijing time. This bidding accepts the application of legal registered companies or organizations. 

4. Inspection of the Object:

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 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.

5. Account of Bidding Company:

(1) USD Acct:

Bank: Bank of Hangzhou Co., Ltd

Bank Add: No. 46 Qingchun Road, Hangzhou, China

SWFIT Code: HZCBCN2H 

Acct: 3309040160000372942

Beneficiary: Zhoushan Yi Ge Ship Auction Co., Ltd

Beneficiary add.: No.555 Wengshan Road, Lincheng Street, Dinghai District, Zhoushan City, Zhejiang Province, China

Remittance Reference: DAYANG CENTURY

(2) CNY Acct:

Beneficiary: 舟山易舸船舶拍卖有限公司

Account No.: 1206020119200768341

Beneficiary Bank: 工商银行舟山分行营业部

 6. Contacts:

Ms Wen: +86 18058087023 / +86-580-2038333；

Ms Ye: +86-580-2027516；

E-mail: auction@shipbid.net

Zhejiang Shipping Exchange Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd.

March 1st, 2022