Entrusted by the transferor, the following
subjects will be auctioned at www.400519.live
during 10 am to 3 pm on September 21, 2018:
ShiHua1: Type of Ship: Bulk Carrier; Port of Registry: Ningbo; Classification:
ZC, Navigation area: offshore; Operating Area: A1+A2; Breadth: 149.93m;
Model width: 21.60 m, Mould of Depth: 11.65m; Load Draught: 8.57 m; Gross Tonnage:
10898; Deadweight for Reference: 17375t; Main Engine: Zichai 8N330-EN, Rated Power:
3310kW; Construction Place: Linhai Changhang Ship Building CO.,LTD; Completion Date:
March 24, 2009. ( data above refers to the ship inspection certificate)
2. The ship has a reserve price. There must be 2 or more bidders who apply. If
there is less than 2 bidders, the auction will be failed. Starting Price: RMB 32
million, Deposit: RMB4 million, Bid Increase: RMB 50,000.
3. Application requirements: Application time:
from now on until 4:00 pm on September 20, 2018 (subject to the time of
deposit). After the deadline, no application will be accepted. This auction
accepts the application of natural persons or companies, but does not accept
any deposit to be substituted (ie, if it is a personal participation, you must apply,
remittance and sign the relevant agreement by yourself; if it is a company to apply,
you must apply through the company and remit deposit and sign the relevant
agreements by the company account).
4. Inspection Place: undetermined.
5. Deposit Account:
Account Name: Ningbo Shipping Exchange Co.,
Account number: 574905074310401
Bank of account: Zhongshan Branch, Zhaoshang
6. Contact: 0580-2027516 Mrs Ye, 0580-2038333
Mr Zhou, 0574-86815581 Mr Cheng
Ningbo Shipping Exchange Co., Ltd.
Zhejiang Shipping Exchange Co., Ltd
6th September, 2018
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. All the parties involved should abide by the
Rules and bear legal responsibilities for their own behaviors.
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
Article 7 The bidders couldn’t participate
in the bidding activities until they register as the buyers through the Shipbid
The 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
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. Foreign
bidders could also apply for bidding with the Guarantee Letter of bank as the
auctioneer required. 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) or the original Letter of Guarantee delivered to the auctioneer (based
on the arrival time of the Letter of Guarantee to persons in charge) within the
required time. The bidders shall not be eligible for bidding if the deposit is delayed
or not fully paid or the Letter of Guarantee is not received 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
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 3 working days after the bidding. After verification and
confirmation, the Buyer should sign the Purchase Confirmation.
If the Buyer's qualification is not
approved, the bidding result will be invalid, the deposit would be confiscated,
and the lot should be bid again. The Buyer should pay the commissions for both
parties due to his breach of the contract; Also, the previous Buyer should pay
the balance of price if the final purchase price is lower than the first
Article 16 The payment of balance shall be
remitted to the nominated account in time according to the Purchase
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
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 RMB.
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
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.
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.