Entrusted by the transferor (the Sellers)，we have scheduled to hold a public bidding online（www.shipbid.net）from 17:00 to 17:30 (Beijing Time) on November 03rd, 2022.

1. Bidding Object:

MV“GO PEGASUS”(EX. NAME“BOKA PEGASUS”), Offshore Support Vessel

IMO: 9495210

Class: Bureau Veritas 

Class Notation: Offshore support vessel (Anchor handling; Oil recovery; Supply; Tug 

Fire-fighting 2)

Flag State: Marshall Islands (The Vessel has been named as "BOKA PEGASUS" with flag of

Malta under Bareboat-Registry which has already been terminated.)

BWTS: BWTS installed in 2019 (Optimirin)

Built Time: October 23rd, 2013

Builder: P.T. BATAMEC SHIPYARD (Indonesia)

LOA: 89.74m; MLB: 22.00m; MLD: 9.60 m

Summer DWT: 3695t on 8m Draft

GRT/ NRT: 7534 / 2261

Next SS/ DD: October 23rd, 2023

M/E: Caterpillar MAK 16M32C (Hybrid)×2sets, 16000Kw (21740HP) @750rpm

Total BHP (Boost + Azimuth): 18800kW (25200HP)

Diesel Engine of Generator: Cummins QSK60-D(M)×2 sets, 3800kW(2547HP)@1800rpm

Generator: Leroy Somer LSA53 VS6/4P×2 sets

Emergency Generator: Caterpillar C18 DITA ×1 set, 465kW@1800rpm

Main Propulsion: CPP propeller

Other Propulsion: bow thrusters (2 sets*880kW), bow azimuth thruster (1 set*800kW), stern thrusters (2 sets*800kW)

Other parameters:

Dynamic Positioning DP-2; Fire Fighting: FIFI Class II; Deck area: 810 ㎡; Deck Strength: Aft 15t/㎡, Forward 10 t/㎡; Bollard pull: 257t; Volume of mud tank: 630m³

Remarks：

1.1 For convenient management, the transferor may change the “Vessel’s Name” and “Flag State” after this Announcement issued but before the delivery date. In case of any changes, the transferor will notify in time, but the above changes shall not affect the bidding process, transaction and delivery and acceptance of the Vessel, and the Buyers shall not raise any objection.

1.2 The Vessel shall be delivered with the class conditions/recommendations. The Vessel shall be delivered as on an "as is where is" basis, as she is and where she is at the time that the Buyers take delivery. Buyers shall not disagree with the bidding result as specified in the Auction Confirmation or the condition on delivery or to reject delivery based on the class condition/recommendation of the Vessel at the time of delivery (if any). According to the Survey Status Report issued by the Classification Society on October 07th, 2022, the details of the current class condition/recommendation as follows.

Conditions of Class-Hull

l  Comments No.：RTD0/2022/J5410-H1C

l  Content：Following damages in the listed tanks to be definitely repaired before the limit date: - Ruptured plate on cargo tank 428S iwo frame no. 37-40 - Buckled plates on cargo tanks No. 427P iwo frame No.39-40, 426S iwo frame number49-50 and 425P iwo frame No. 49-50 In the mean time relevant tanks including WB tank 46C is not to be used, during annual surveys it is to be confirmed with master that no evident progression of rupture in tank 428 has taken place. In preparation to renewals surveys with definitive repairs, evaluation of the buckling strength and vacuum strength of partial cylindric tanks is to be carried out, and, any structural required reinforcements are to be included in the repair plan.

l  Due Date: October 23rd, 2023

1.3 All the information and data refer to the Vessel provided in this Announcement as well as the attachments are for reference only. If there is any discrepancy, the class certificates and trading certificates and actual ship status shall prevail.

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 shall be automatically confirmed as the Buyers upon the completion of the announcing period. If there are two or more bidders participating in the bidding, the transfer of the Vessel will be carried out by auction. No one has the preemptive right to the transfer of Vessel.

2.2 The starting price is USD 10 million, and the bidding deposit is USD 1.1 million (or RMB 7.5 million). Bid increment is a multiple of USD 0.02 million.

2.3 The bidding time will enter into Extension Cycle since 17:25, November 03rd, 2022 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 US dollars when applying for the bidding, the deposit shall be automatically converted as part of purchase deposit after the bidding. If the Buyers pay the deposit in CNY, Buyers shall pay another USD 1.1 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

3.1 Registration is available from the date of this Announcement and ends on November 03rd, 2022 (Beijing Time) before the auction starts (subject to the receipt of bidding deposit, the completion of online registration on the platform and the receipt of the bidding number. 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. 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 The time of this auction activity shall be subject to Beijing time.

3.3 Any corporation or organization in and outside the Peoples Republic of China with full capacity for civil conduct and legally existing may participate in this bidding. 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.

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

3.4.1 For domestic bidders

l  Copy of Business License sealed with the company chop

l  Copy of Legal Person's ID card sealed with the company chop

l  Power of Attorney (if have), and scanning copy of the authorized person's ID card with the company chop

l  Undertaking for Bidding

l  Bank slip of bidding deposit

3.4.2 For overseas bidders

l  Certificate of Incorporation certified as true copy by the director

l  Articles of Incorporation

l  Copy of Director’s Passport

l  Undertaking for Bidding

l  Bank slip of bidding deposit

4. Date and Place for Inspection of the Vessel

Inspection is available at Bremen port, Germany on or after October 12th, 2022. Any bidders intend to inspect the Vessel please confirm with the bidding company for details in advance. The risk and expenses in relation to the inspection shall be borne by the potential bidders. 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.

5. Account of Bidding Company

5.1 USD Acct:

l  Beneficiary: Zhejiang Shipping Exchange Market Co., Ltd.

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

l  Account No. : 3309040160000036851

l  SWIFT (Beneficiary Bank): HZCBCN2HZSB

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

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

l  Remittance Reference: GO PEGASUS

5.2 CNY Acct:

l 户名：浙江船舶交易市场有限公司

l 账号：3309040160000036844

l 银行：杭州银行舟山分行

6. Contacts

Ms. Wen：+86 18058087023

Mr. Zhou：+86 18058087036

E-mail：auction@shipbid.net

Zhejiang Shipping Exchange Market Co., Ltd.

October 08th, 2022

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 Co.,Ltd) is located.

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 information.

Article 7 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 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 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 10 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 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 be pass.

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 2 working days after the bidding. After verification and confirmation, the Buyer should sign the Purchase Confirmation.

If the bidding becomes invalid or the final transaction fails because of the Buyers who provides the false registration documents, unilaterally violates the contract or regrets the bids, the bidding deposit remitted by the Buyers shall be the property of the Sellers. The Buyers shall pay the bidding commissions both for themselves and the Sellers(if any), and should make up the price difference if the final Purchase Price(via auction again) is lower than the first amount.

Article 16 The payment of balance shall be remitted to the nominated account in time according to the Purchase Confirmation.

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 losses.

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 US dollar. 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 and regulations.

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.

Article 26 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 27 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 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.

1. This additional provision is a supplement to the bidding announcement and rules, which has the same legal effect.

2. Bidding Object:

MV“GO PEGASUS”（EX. NAME“BOKA PEGASUS”）, Offshore Support Vessel

IMO: 9495210

Class: Bureau Veritas 

Class Notation: Offshore support vessel (Anchor handling; Oil recovery; Supply; Tug 

Fire-fighting 2)

Flag State: Marshall Islands（The Vessel has been named as "BOKA PEGASUS" with flag

of Malta under Bareboat-Registry which has already been terminated.）      

BWTS: BWTS installed in 2019 (Optimirin)

Built Time: October 23rd, 2013

Builder: P.T. BATAMEC SHIPYARD（Indonesia）

LOA: 89.74m; MLB: 22.00m; MLD: 9.60 m

Summer DWT: 3695t on 8m Draft

GRT/ NRT: 7534 / 2261

Next SS/ DD: October 23rd, 2023

M/E: Caterpillar MAK 16M32C (Hybrid)×2sets, 16000kW（21740HP）@750rpm

Total BHP (Boost + Azimuth): 18800kW (25200HP)

Diesel Engine of Generator: Cummins QSK60-D(M)×2 sets, 3800kW（2547HP）@1800rpm;

Generator: Leroy Somer LSA53 VS6/4P×2 sets

Emergency Generator: Caterpillar C18 DITA ×1 set, 465kW@1800rpm

Main Propulsion: CPP propeller

Other Propulsion: bow thrusters (2 sets*880kW), bow azimuth thruster (1 set*800kW), stern thrusters (2 sets*800kW)

Other parameters:

Dynamic Positioning DP-2; Fire Fighting: FIFI Class II; Deck area: 810㎡; Deck Strength: Aft 15t/㎡, Forward 10 t/㎡; Bollard pull: 257t; Volume of mud tank: 630m³

Remarks:

1.1 For convenient management, the transferor may change the “Vessel’s Name” and “Flag State” after this Announcement issued but before the delivery date. In case of any changes, the transferor will notify in time, but the above changes shall not affect the bidding process, transaction and delivery and acceptance of the Vessel, and the Buyers shall not raise any objection.

1.2 The Vessel shall be delivered with the class conditions/recommendations. According to the Survey Status Report issued by the Classification Society on October 07th, 2022, the details of the current class condition/recommendation are as follows. The Vessel shall be delivered as on an "as is where is" basis, as she is and where she is at the time that the Buyers take delivery. Buyers shall not disagree with the bidding result as specified in the Auction Confirmation or the condition on delivery or to reject delivery based on the condition/recommendation on the Vessel at the time of delivery (if any).

Conditions of Class-Hull

Comments No.：RTD0/2022/J5410-H1C

Content：Following damages in the listed tanks to be definitely repaired before the limit date: - Ruptured plate on cargo tank 428S iwo frame no. 37-40 - Buckled plates on cargo tanks No. 427P iwo frame No.39-40, 426S iwo frame number49-50 and 425P iwo frame No. 49-50 In the mean time relevant tanks including WB tank 46C is not to be used, during annual surveys it is to be confirmed with master that no evident progression of rupture in tank 428 has taken place. In preparation to renewals surveys with definitive repairs, evaluation of the buckling strength and vacuum strength of partial cylindric tanks is to be carried out, and, any structural required reinforcements are to be included in the repair plan.

Due Date: October 23rd, 2023

1.3 All the information and data provided in this Announcement as well the attachments are for reference only. If there is any discrepancy, the class certificates and trading certificates and actual ship status shall prevail.

All the information and data provided in the Bidding Announcement, Special Provision, Technical Report as well as any other channel related to the Ship are for reference only. The bidding object is subject to the status at the time of delivery. 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 us shall not assume take any liability for defects or quality problems of the bidding ship.

3. After Bidding

3.1 Following a successful bidding, the Buyers shall sign an Auction Confirmation with the Bidding Company on the same day (the “Bidding Day”) at the email address or facsimile number. The Buyers shall sign an original Auction Confirmation with the Bidding Company within two (2) Banking Days of the Bidding Day.

3.2 The bidding deposits of the unsuccessful bidders shall be returned within 2 working days after the bidding without interests. The bidding deposit of the Buyers shall be automatically converted as part of purchase fund after the bidding completed and MOA signed without interests.

3.3 It’s acknowledged the interests-free dollar account designated by the bidding company is the escrow account for the Buyers and Sellers to hold and release the funds of the Purchase Price. After signing the Protocol of Delivery and Acceptance (PODA) & Joint Release Letter, the bidding company shall release all the purchase funds which received from the Buyers, including but not limited to ROB charge and other delivery monies to the Sellers within 3 working days without interests. The bidding company shall not charge any additional fee for the escrow service of funds. 

4. Transfer (Deletion) and Delivery of the Ship

4.1 The Buyers shall pay all the bidding service fee not later than 16:00 November 08th, 2022 (Beijing Time), and remit the balance of the Purchase Price, estimated ROB charge and other delivery monies (if any) to the escrow account nominated by the Sellers, 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 ship owner (as the Sellers) should complete all the deletion procedures relating to the ship within 10 working days after signing PODA.

Notice of Readiness shall not be tendered before: November 18th, 2022;
Cancelling Date: December 29th, 2022.
If, for any reason related to the COVID-19 (Coronavirus) outbreak, or other epidemic, pandemic or infectious diseases at the place of delivery, as declared by the World Health Organization or any local governmental or port authority, delivery of the Vessel becomes impractical or impossible by the Cancelling Date, the Sellers and the Buyers shall mutually discuss alternative delivery options, and the Sellers shall at their cost and expense make the Vessel available at such agreed alternative place where the delivery may be carried out safely and in accordance with applicable health standards. In such event, the Cancelling Date shall be extended by the number of days equaling the total epidemics/disease related delay including without limitation the days used for the Parties' discussion and for re-positioning the Vessel to the new delivery location.

4.3 Delivery Place: The Vessel shall be delivered and taken over safely afloat on an "as is where is" basis, as she is and where she is at the time that the Buyers take delivery at a safe and accessible berth or anchorage at/in Bremen, Germany or an ice-free port in Europe in the Sellers’ option (please find full detail as MOA).

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

Once the bidders complete the online registration and participate in the auction, 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. The bidders shall not object to any defects, such as the quality, of the Ship for any reason. The Buyers shall be deemed to have confirmed to accept the ship’s condition if they did not inspect the ship.

4.4 The sales and purchases contract (MOA) shall be signed as attached. In principle，no modification of the MOA will be allowed, except filling with the necessary information (e.g. Buyers' information, purchase price, signing date, etc.), or others terms mutually agreed between the Sellers and the Buyers. In the event of any conflict or ambiguity between MOA and this public auction regulations (including the bidding Announcement, bidding rules, special provision, etc), the terms in such public notice shall prevail.

The Buyers shall sign the sales and purchases contract (MOA) with the Sellers within 10 working days after signing the auction confirmation.  If the Buyers fail to sign the auction confirmation or the MOA as scheduled, it shall be deemed as breach of “Undertaking for Bidding”, and the Sellers have the right to confiscate all the bidding deposit. Zhejiang Ship Exchange Market Co., Ltd. shall have the right to re-organize the bidding activity for the object Vessel against the instructions of the transferor.

4.5 Documentation provided by the Sellers and the Buyers on Closing shall be refer to MOA.

4.6 Items on board which are on hire or owned by third parties are excluded from the sale without compensation.

4.7 Three attachments in total. Please download and check the details.
 

5. Related expenses

5.1 Bidding service fee: After the bidding, the Buyers shall pay bidding service fee to the bidding company. The service fee rate shall be referred to UNDERTAKING for BIDDING as attached in the Bidding Announcement.

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 The Sellers would provide with Commercial Invoice of the Purchase Price and the remaining bunkers & unused lubricating. All the taxes, expenses and costs incurred after the ship delivery shall be borne by the Buyers themselves.

5.4 On delivery, the Buyers and the Sellers shall take measurement of the remaining bunkers and unused lubricating. The Buyers shall take over remaining bunkers and unused lubricating and hydraulic oils and grease in storage tanks and unopened drums and pay:

(a) the actual net price (excluding barging expenses) as evidenced by invoices or vouchers of the Vessel's last bunkering or supply (as applicable) and/or other documentation provided by the Sellers; or

(b) in the absence of sufficient evidence for bunker price as required under (a) above, the applicable Platts Singapore bunker price on three (3) Banking Days prior to the delivery date, for the quantities taken over.

5.5 The delivery time of the Vessel shall be subject to the signing time of the PODA. The ship with everything belonging to her shall be at the Sellers' risk and expense until she is delivered to the Buyers, while the Ship’s risk and expenses shall be for the Buyers’ account after the delivery of the vessel under this Agreement.

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 at good faith by the bidding company, the Sellers and the Buyers.

Zhejiang Shipping Exchange Market Co., Ltd.

October 08th, 2022