Bidding Announcement of 26510t Bulk Carrier “TIAN XUAN XING”

Entrusted by the transferor (the Seller), we have decided to hold a public bidding on www.shipbid.net from 16:00 to 16:30 (Beijing Time) on September 26th, 2024.

1. Bidding Object:

MV“TIAN XUAN XING”, Bulk Carrier;

Class: ZC;

POR: Zhoushan, China;

Trading Area: A1+A2;

LOA: 160.60m; MLB: 25.60m; MLD: 14.40m;

GRT: 17081; NRT: 9565;

Cargo Hold: 4H/4H; Cargo Capacity: 36105.9m3;

DWCC: 26510t at draft 10.4m;

M/E: HYUNDAI 9H32/40P x 1 set, 4320KW@750r/min;

Built Time: May 15th, 2009;

Builder: Taizhou Yuehang Shipyard;

Remark: This Vessel is in service, and the Special Survey has been completed in April 2024.

(All the information and data refer to the Vessel provided in this Announcement, Special Provisions as well as the attachments 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 potential Buyer of the Vessel will be confirmed automatically after the bidding period; If there are two or more bidders participating in the bidding, the potential Buyer of the Vessel will be carried out by bidding. No one has the preemptive right to the transfer of Vessel.

2.2 The starting price is RMB 25.50 million, and the bidding deposit is RMB 2 million (or USD 0.3 million). Bid increment is a multiple of RMB 0.02 million.

2.3 The bidding time will enter into Extension Bidding Cycle from 16:25 on the bidding date (Beijing Time) after the bidding officially starts. And the countdown timer will be automatically refreshed to 5 minutes once a new bidding price offered during the Extended Bidding Period.

2.4 The time of this bidding activity shall be subject to Beijing time (unless otherwise expressly stated).

3. Registration requirements:

3.1 Registration is available from the date of this Announcement and ends 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 2-3 days in advance in order to avoid any issues resulting in missing the auction). No registration will be accepted after the 16:00 (Beijing Time) of the bidding date. After successful registration, the bidders shall be deemed to have fully known, accepted and complied with the contents of this announcement, bidding rules, special provisions, attachments and relevant agreements.

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

3.3 The bidder shall not subject to or affected by any sanction, embargoes, freezing provisions, prohibitions or other restriction relating to trading, doing business, investment, exporting, financing or making assets available (or other activities similar to or connected with any of the foregoing) imposed by law or regulation of the United Nations, the People’s Republic of China, United States of America and European Union against any state, natural or legal person, body or entity and are capable of making the payments in US Dollars as required under this Agreement（When registration for bidding, the bidders shall provide supporting documents as required by bidding company, and supply additional evidence after bidding as required by the Seller and bidding company）.

3.4 The bidders 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》（详见附件）

● 竞拍保证金付款凭证

(2) For overseas bidders:

● Certificate of Incorporation

● Articles of Incorporation

● Copy of Director’s Passport

● Undertaking for Bidding (please check the Supplement)

● Bank slip of bidding deposit

4. Inspection of the Object:

Inspection is to be determined, please confirm with the bidding company for details. Intended bidders who have lodged the bidding deposit may inspect the Vessel within the stipulated time. All the expenses, risks and responsibilities of the inspectors during the process shall be borne by the potential bidders. The bidding company and the Seller 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:

● Beneficiary: 浙江拍船网航运交易股份有限公司

● Account No.: 3420020010120100378739

● Beneficiary Bank: 浙商银行舟山分行

(2) USD Acct:

● Beneficiary: Zhejiang Shipping Exchange Co., Ltd.

● Beneficiary Address: 6th Floor, Zhoushan Bulk Commodity Exchange Center No.555 Wengshan Road Lincheng, Zhoushan City, Zhejing, P.R.China

● Account No.: 3420 0200 1142 0100 0321 30

● SWIFT (Beneficiary Bank): ZJCBCN2N

● Beneficiary Bank: China Zheshang Bank

● Beneficiary Bank Address: No.88,Lv Dao Road, Dinghai Dist., Zhoushan City, Zhejiang Prov., P.R. China

● Remittance Reference: TIAN XUAN XING

6. Contacts:

Ms. Wen: +86 18058087023/ 0580-2038333

Ms. Lin: +86 13646696072/ 0580-2038333

E-mail: [email protected]

website: https://www.shipbid.net:89/yri6
Source: Shipbid