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Bidding Announcement of Bulk Carrier “JIN FAN”

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 March 24th, 2022.

1. Bidding Object:

MV “JIN FAN”, Bulk Carrier; IMO: 9535022; Port of Registry: Hong Kong, China; Class: CCS; LOA: 229.20m; MLB: 38.00m; MLD: 20.70m; Summer DWT: 93069.30t at Draft 14.90m; GRT: 51130; NRT: 31267; M/E: DOOSAN MAN B&W 6S60MC * 1 set, 12240kW@105r/min; Generators: YANMAR 6N21L-EV * 3 sets, 800kW@720r/min; Built Time: June 19th, 2012; Builder: Jiangsu Jinling Shipping Limited Liability Company, China (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 13 million, and the bidding deposit is USD 1.3 million (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 USD 1.3 million separately to the bidding company’s designated US dollar account within 2 working days upon the completion of the bidding. The bidding company shall return the CNY deposit fully back to the Buyers within 1 working day after the receipt of the US deposit.

3. Registration Requirements:

Registration is available from the date of this Announcement and ends on March 24th, 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 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.
http://www.shipbid.net/English/PPXXDetail6F370A7722B947759C4AC3D9AC14CAF2.html
Source: ShipID

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