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Bidding Announcement of GLORY SEASON
Bidding Ending Information
2023-08-08 10:00
2023-08-08 10:30
Total Bid:
1 times
Final Price:
Bidding Winner:
Bidding Status:
Starting Price:$1780000 USD
Bid Increment:$20000 USD
Bidding Deposit:$200000 USD
Preemption Claimant:None
Evaluation Price:Unrevealed
Bidding Period:0.5 hours
Extension Cycle:5 min/time
Reserved Price:None
Type: Others
Bidding History(1)
Status Bidder Price(USD)
819 $1780000
More Details
Reserved price hasn't been reached.
The Sellers have lowered the Reserved Price
Ship name
Type of vessel Container Ship
Entrust institution ZHEJIANG SHIPPING EXCHANGE Reference price(USD) 1780000
State of the auction Auction date 2023-08-08
Ship's classification RINA Length overall(m) 131.55
Port of registry HONGKONG Length(m)
Molded breadth(m) 18.80 Molded depth(m) 9.40
Gross tonnage 6735.00 Deadweight/
Reference capacity(t)
Type of main engine 陕柴8PC2-5L Total fixed power
(KW / h)
Shipyard NINGBO BODA SHIPBUILDING, CHINA Completion date 2006-09-25
completion date
Bidding Rules
Special Provisions
Technical Report
Bidding History(1)


Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online ( from 10:00 to 10:30 (Beijing time) on August 08th, 2023.


1. Bidding Object

MV “GLORY SEASON” (IMO No.: 8668169);

Type of Ship: Container ship;

Port of Registry: HONGKONG, CHINA;

Class: RINA

Trading Area: Special Navigation;

LOA: 131.55m; MLB: 18.80m; MLD: 9.40m;

GRT: 6735; NRT: 3150;

7961DWT at Summer Draft 6.40m;

Container Capacity: 495TEU;

Light Ship Weight: 3428.10t;

M/E: SHAANXI 8PC2-5L, 3824 KW @ 520 RPM * 1 SET;

A/E: KANGMINGSI NTA855-G2(M) 250kW@ 1500RPM *3 SETS;

Built: Sep 25th, 2006 in NINGBO BODA SHIPBUILDING, CHINA .

(Data and relevant information provided in this announcement 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 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.

2.2 The starting price is USD 1.78 million, and the bidding deposit is USD 0.2 million (or RMB 1.5 million). Bid increment is a multiple of USD 0.02 million.

2.3 The bidding time will enter into Extension Cycle since 10:25 on August 08th, 2023 (Beijing Time) on the bidding day 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, it (deducting the bidding service fee) will be automatically converted as the purchase deposit after signing MOA and Escrow Agreement. If the Buyers pay the deposit in CNY, Buyers shall pay another USD 0.2 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.

2.5 The time of this auction 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 on the bidding day (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 Any corporation or organization with legally existing may participate in this bidding.

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

(1) For Chinese Bidders:






(2) For Abroad Bidders:

   Certificate of Incorporation

   Articles of Incorporation

   Copy of Directors Passport

   Undertaking for Bidding

   Bank slip of bidding deposit


4. Date and Place for Inspection of the Vessel

Inspection place 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 Vessel within the stipulated time. The risk and expenses in relation to the inspection shall be borne by the potential bidders. The bidding company and 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 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


  Beneficiary: Zhejiang Shipping Exchange Co., Ltd.

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

  Account No.: 3309040160000036851

  SWIFT (Beneficiary Bank): HZCBCN2HZSB

  Beneficiary Bank: Bank of Hangzhou Co, Ltd. Zhoushan

  Beneficiary Bank Address: No.619, Dingshen Road, Ganghang building B zone Zhoushan city, Zhejiang Prov. PR China

  Remittance Reference: GLORY SEASON







6. Contacts

Ms. Wen: +86 18058087023/ 0580-2038333

Mr. Xia: +86 15967909740

Mr. Chen: +86 18058087030/ 0580-2027516



Zhejiang Shipping Exchange Co., Ltd.

July 11th, 2023

Bidding Rules

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 Market Co.,Ltd) is located.

Article 3 All legal persons or organizations that exist legally 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 information including videos, pictures and written introductions offered by the Seller will be uploaded through the Shipbid system after verified by the auctioneer.

The Seller shall take all the legal responsibilities and economic losses if he provides with fake information.

Article 5 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 6 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 7 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 8 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 9 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 10 The bidder shall make a cautious bid, and the offer will be irrevocable once submitted.

Article 11 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 12 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 13 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 buyer fails to sign the Auction Transaction Confirmation for reasons, the auction result shall not be affected.


If the buyer fails to pass the qualification due to submitting false registration materials, the bidding result is invalid or the buyer breaches the contract, he shall pay the bidding service fee of both the buyers and the sellers; If the price of the re-auction is lower than the transaction amount, the buyer must make up the difference.


Article 14 If the Buyers do not pay the balance of Purchase Price within the prescribed time or do not take the bidding object, the Sellers are entitled to bid again of which the original Buyers cannot partiticate. If the Buyers regret to bid after completion of the auction (including but not limited to failure to pay the balance Purchase Price 2 working days prior to delivery, or other circumstances the original Buyers express clearly ), the bidding deposit lodged shall not be refunded, and will be used to pay the cost loss caused by the first bidding, make up the difference between the re-bidding price and the first bidding price. If the deposit amount is insufficient cover the costs, the Sellers have the right to pursue recourse against the original Buyers.

Article 15 The payment of balance shall be remitted to the nominated account in time according to the Purchase Confirmation.

Article 16 The Buyer should sign the Sale and Purchase Contract by the Purchase Confirmation with the seller within the required time and make relevant transaction procedures.

Article 17 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 18 The Buyer himself should register the lot and bear all relevant expenses occurred according to the regulations and policies during the transaction procedures.

Article 19 The bidding currency is USD. Both the starting price and purchase price do not include the expenses and taxes occurred during transaction procedures.

Article 20 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 21 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 22 The auctioneer reserves the right to suspend or withdraw the bidding before it starts according to the laws and regulations.

Article 23 The auctioneer reserves the right to suspend or withdraw the bidding if force majeure or accident has caused the online auction to fail.

Article 24 The seller and the auctioneer shall not bear any responsibility for the abnormal service of the website or the interruption of the auction activity due to force majeure or any third party.  After that, the auctioneer will issue a supplementary announcement and explain the reasons for the interruption. A new auction announcement will be issued 阿as soon as possible the website service returns to normal, and the online auction will be organized and completed according to the new auction announcement. The starting price and reserve price (if any) for re-organizing the bidding due to the above reasons shall be consistent with the original announcement.

Article 25 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 26 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 27 If the person with the right of preemption participates in the bidding, he/she shall submit legal and effective certificates to the auctioneer before the auction begins. After the auctioneer confirms the qualification, he/she can obtain the right of preemption to participate in the bidding. If he/she fails to submit within the time limit, he/she shall be deemed to have given up the right of preemption of the subject matter. 

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

Special Provisions


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


2. Bidding Object:

MV “GLORY SEASON” (IMO No.: 8668169);

Type of Ship: Container ship;

Port of Registry: HONGKONG, CHINA;

Class: RINA;

Trading Area: Special Navigation;

LOA: 131.55m; MLB: 18.80m; MLD: 9.40m;

GRT: 6735; NRT: 3150;

7961DWT at Summer Draft 6.40m;

Container Capacity: 495TEU;

Light Ship Weight: 3428.10t;

M/E: SHAANXI 8PC2-5L, 3824 KW @ 520 RPM * 1 SET;

A/E: KANGMINGSI NTA855-G2(M) 250kW@ 1500RPM *3 SETS;



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 inspection. 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 After a successful bidding, the Buyers shall sign an Auction Confirmation with the Bidding Company on the same day (the “Bidding Day”) by email or facsimile. The Buyers shall sign an original Auction Confirmation with the Bidding Company within two (2) banking days of the Bidding Day. The Buyers shall sign the MOA with the Sellers and the Escrow Agreement with us within five (5) banking days (no later than three (3) banking Days before delivery) after completion of the bidding.

3.2 After the signing of the MOA, the bidding deposit (deducting the bidding service fee) paid by the Buyers shall be automatically converted into the purchase deposit under the MOA.

3.3 The bidding deposits of the unsuccessful bidders shall be returned within two (2) Banking Days after the bidding without interests.

3.4 It’s acknowledged the 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. We shall, within 3 banking days after signing Protocol of Delivery and Acceptance and Joint Release Letter, release all the Purchase Price, ROB Charges and other payables received by the Buyers. The bidding company does not charge any additional fees for the fund custody services related to this project, and all the custody funds are free of interest.


4. Transfer (Deletion) and Delivery of the Ship:

4.1 The Buyers shall remit the balance of the purchase price, estimated ROB charge and other payables (if any) to the escrow account two (2) banking days prior to the Vessel’s expected delivery date.

If the Buyers fail to pay the Purchase Price according to this bidding rules and the purchase and sales contract, or fail to accept the Vessel within 3 working days after NOR tendered, the Sellers shall have the right to cancel the Contract and the deposit shall belong to the Sellers. If the amount paid is not enough to cover the Sellers' losses, the Buyers shall also compensate the Sellers for the losses incurred thereby.

If the Sellers fail to notify the Buyers to take the Vessel in the manner and time limit specified herein, the Buyers shall have the right to cancel the contract. After receiving the notice of Cancellation Notice from the Buyers, the Sellers shall refund all the payment received within 3 working days.

4.2 The original owner (as the Sellers) should complete all the deletion procedures relating to the ship within 2 banking days after signing PODA.

Notice of Readiness shall not be tendered before: August 16th, 2023

The Latest Delivery Date: August 26th, 2023

If the Delivery indeed has to be postponed due to other force majeure factors, a new Latest Delivery Date should be mutually agreed by the Sellers and the Buyers.

4.3 Delivery Place: 1 SAP or 1 SBP of China, at the Sellers’ option. The Sellers shall send the notice with intended delivery time and place 5 days in advance.

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

The ship shall be delivered and taken on an “as is where is” basis, as she is and where she is at the time that the Buyers inspected before bidding. The Buyers shall be deemed to accept the ship’s condition if they did not inspect the ship within the prescribed inspection time.

Once the bidders complete the registration procedures and participates in the bidding, it shall be deemed to have fully understood all the information of the subject matter of the bid, including but not limited to all known and unknown defects related to the ship certificate, ship condition, etc. The Buyers shall not raise objections to the defects such as the quality of the bid target for any reason. 

4.4 The sales and purchases contract (MOA) shall be signed as attached. In principleno modification of the MOA will be allowed, except filling with the necessary information (e.g. Buyers' information, purchase price, 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 notice (including the bidding Announcement, bidding rules, special provision, etc.), the terms in such public notice shall prevail.

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

4.6 Three (3) attachments in totalUndertaking for Bidding, Technical Report, draft MOA. Please download and check the details.


5. Related Expenses

5.1 Bidding service fee: After the successful bidding, the Buyers shall pay the bidding company 2% of the purchase price as bidding service fee, which will be deduct from the bidding deposit immediately after the bidding.

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 shall provide with commercial invoice of the purchase price. 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 with the last actual net price (exclude barging expenses) as evidenced by invoices or vouchers; or if the invoices or vouchers are not available, the selling price published by Chimbusco Marine Bunker Co., Ltd of the delivery place on the 2nd business days prior to the date of delivery to be applied.

5.5 Any taxes, fees and expenses in connection with the purchase and registration in the Buyers' Nominated Flag State shall be for the Buyers' account, whereas similar charges in connection with the closing of the Sellers’ register shall be for the Sellers' account.

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. Matters not covered herein shall be settled through negotiation by the bidding company, the Sellers and the Buyers.


7. The announcement in Chinese and English respectively, in the event of any discrepancies between the Chinese and English versions, the Chinese version shall prevail.


Zhejiang Shipping Exchange Co., Ltd.

July 11th, 2023

Technical Report

1. Technical Report

Techinical Report-GLORY SEASON.pdf

2. VR inspection


                                                                    Inspection Notice 

Date of Inspection: July 17th-18th, 2023
Place of Inspection: Shanghai and Taicang, China
Please contact with the bidding company for inspection matters no later than 1700lt/16th/July, providing with the copy of passports and mobile phone numbers of the surveyors, and sign boading LOI. Also, the intended bidders shall apply for the boarding pass on the WeChat by themselves.

Ms. Wen: +86 18058087023
Mr. Xia: +86 15967909740

Zhejiang Shipping Exchange Co., Ltd
July 14th, 2023

Undertaking for Bidding(MV GLORY SEASON).pdf

Sellers‘ term of MOA-GLORY SEASON.pdf

Bidding History
Status Bidder Price(USD) Time
$1780000 2023-08-08 10:00:09
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Account of Bidding Company
Account of Bidding Company
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