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Bidding Announcement of TZ GLORY
Bidding Ending Information
   
Start:
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End:
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Total Bid:
──
Final Price:
──
Bidding Winner:
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Bidding Status:
Cancelled
Starting Price:$15,800,000 USD
Bid Increment:$20,000 USD
Bidding Deposit:$1,180,000 USD
Preemption Claimant:None
Evaluation Price:Unrevealed
Bidding Period:──
Extension Cycle:5 min/time
Reserved Price:None
Type: Others
Bidding History
None
Reserved price hasn't been reached.
Ship name
TZ GLORY
Type of vessel Oil and Chemical Carrier
Entrust institution ZHEJIANG SHIPPING EXCHANGE Reference price(USD) 15800000
State of the auction Auction date 2022-11-22
Ship's classification ABS Length overall(m) 142.50
Port of registry Length(m)
Molded breadth(m) 23.00 Molded depth(m) 12.60
Gross tonnage 11386.00 Deadweight/
Reference capacity(t)
18187.50
Type of main engine STX MAN B&W 7S35MC-MK7 Total fixed power
(KW / h)
5180.00
Shipyard Completion date 2022-10-18
Reconstruction
shipyard
Reconstruction
completion date
Announcement
Bidding Rules
Special Provisions
Technical Report
Supplement
Bidding History
Announcement


 

Entrusted by the transferor (the Sellers)we have scheduled to hold a public bidding on www.shipbid.net from 16:00 to 16:30 (Beijing Time) on November 22nd, 2022.

 

1. Bidding Object:

MT “TZ GLORY”, Chemical / Oil Tanker (IMO II)

IMO: 9576832

Flag: Liberia; Class: ABS

LOA: 142.50m; MLB: 23.00m; MLD: 12.60m

Maximum Deadweight: 18187.5t; Scantling Draft: 9.20m

GRT: 11386; NRT: 5590

Cargo Tanks: 12+2 (single pump in each tank); Total Tanker Capacity: 20299.4m3

M/E: STX MAN B&W 7S35MC-MK7*1 set, 5180kW@173r/min

Generators: 5DK-20e *3 sets, 560kW@720r/min

Built Time: October 18th, 2022

Builder: ZHEJIANG HONGXIN SHIPBUILDING CO., LTD

 (Data above refers to the ship inspection certificates)

Remark: The ship is under navigation with BWTS installed.

 

2. Bidding Rules:

2.1 It has no 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 15.8million, and the bidding deposit is USD 1.18million (or RMB 8.2million). Bid Increment: a multiple of USD 0.02million.

 2.3 The bidding time will enter into Extension Cycle since 16:25, November 22nd, 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, it will be automatically converted as part of purchase fund after the bidding. If the Buyers pay the deposit in CNY, the Buyers shall pay another USD 1.18million 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 22nd, 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.

3.2 The time of this auction activity shall be subject to Beijing time.

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

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

 ● Certificate of Incorporation certified as true copy by the director

 ● Articles of Incorporation

 ● Copy of Director’s Passport

 ● Undertaking for Bidding

 ● Bank slip of bidding deposit

 

4. Date and Place for Inspection of the Vessel:

Inspection time 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. 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 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.

 

5.  Account of Bidding Deposit:

5.1 USD Acct:

 ● Beneficiary: Zhejiang Shipping Exchange Market 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 Branch

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

 ● Remittance Reference: TZ GLORY

 

5.2 CNY Acct:

 ● Beneficiary: 浙江船舶交易市场有限公司

 ● Account No.: 3309040160000036844

 ● Beneficiary Bank: 杭州银行舟山分行

 

6. Contacts:

Ms. Chen: +86 18058087026/ 0580-2038889;

Ms. Wen: +86 18058087023/ 0580-2038333;

E-mail: auction@shipbid.net

 

Zhejiang Shipping Exchange Market Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd

October 20th, 2022

 

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 Any corporation or organization outside the People’s Republic of China 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 bidding is completed, but the transaction is suspended or terminated, if there is a dispute between the buyer and the seller, the auction deposit shall be properly kept by Zhejiang Shipping Exchange Market until it is paid according to the settlement agreement between the two parties or the effective court judgment or the ruling of the arbitration institution.

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 US dollar. 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 until the website service returns to normal, and the online auction will be organized and completed according to the new auction 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 Market 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:

MT “TZ GLORY”, Chemical / Oil Tanker (IMO II)

IMO: 9576832

Flag: Liberia; Class: ABS

LOA: 142.50m; MLB: 23.00m; MLD: 12.60m

Maximum Deadweight: 18187.5t; Scantling Draft: 9.20m

GRT: 11386; NRT: 5590

Cargo Tanks: 12+2 (single pump in each tank); Total Tanker Capacity: 20299.4m3

M/E: STX MAN B&W 7S35MC-MK7*1 set, 5180kW@173r/min

Generators: 5DK-20e *3 sets, 560kW@720r/min

Built Time: October 18th, 2022

Builder: ZHEJIANG HONGXIN SHIPBUILDING CO., LTD

 (Data above refers to the ship inspection certificates)

Remark: The ship is under navigation with BWTS installed.

 

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 we shall not assume 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”) via email or facsimile. 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 and Delivery(Deletion)of the Ship

4.1 The Buyers shall pay all the bidding service fee not later than 16:00 November 25th, 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: December 12th, 2022;

Cancelling Date: January 12th, 2023.

 

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, a new Cancelling Date should be mutually discussed and agreed between the Sellers and the Buyers.

4.3 Delivery Place: 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 take delivery at one safe port or anchorage within Singapore – Japan range (including China, South Korea) at the Sellers’ option. The Sellers shall send the notice with intended delivery time and place 15 days in advance.

The Sellers are not responsible for any time and cost for the Buyers to take delivery of the Ship which shall be for the Buyers’ account. The Buyers shall be deemed to have confirmed to accept the ship’s condition if they did not inspect the ship within the prescribed inspection time. The bidders shall not object to any defects, such as the quality, of the Ship for any reason.

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, 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.

The Buyers shall sign the sales and purchases contract (MOA) with the Sellers within 7 working days after signing the Auction Confirmation.  If the Buyers fail to sign the Auction Confirmation or the MOA as scheduled, the Sellers have the right to confiscate all the bidding deposit.

4.5 Items on board which are on hire or owned by third parties excluded from the sale without compensation. Details please refer to MOA.

4.6 Two attachments in total. Please download and check the details.

 

5. Related expenses

5.1 Bidding service fee: After the bidding, the Buyers shall pay to the bidding company 1% of the purchase price as bidding service fee.

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 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 Platts Singapore price on the 3rd business days prior to the date of delivery to be applied.

5.5 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.

 

Zhejiang Shipping Exchange Market Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd

October 20th, 2022

 

Technical Report

1. Technical Report

TZ GLORY-Technical Report.pdf


2. VR inspection

Supplement

Statement of Bidding Suspension

 

It was scheduled to hold the bidding for MT TZ GLORY on www.shipbid.net at 16:00 ~ 16:30, 22nd of November, 2022 (Beijing Time). However, as required by the transferor, hereby we have to suspend the bidding till further notice.

Your kind understanding will be highly appreciated!

 

 

 

 

Zhejiang Shipping Exchange Market Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd

November 14th, 2022

 



Undertaking for Bidding.pdf


Bidding History
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Disclaimer:
The online ship auction doesn't declare or guarantee the correctness or reliability of any information published on the website;The risk caused that you accept and acknowledge this information shall be borne by yourself. The online ship auction has the right but not obligation to improve or correct any errors or misunderstandings on any part of the information published.
 
 
 
Account of Bidding Company

(1) 美元保证金收款账户:

lBeneficiary: Zhejiang Shipping Exchange Market Co., Ltd.

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

lAccount No. : 3309040160000036851

lSWIFT (Beneficiary Bank): HZCBCN2HZSB

lBeneficiary Bank: Bank of Hangzhou Co., Ltd, Zhoushan Branch

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

lRemittance Reference: TZ GLORY

 

(2) 人民币保证金收款账户:

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


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