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Bidding Announcement of XING TONG YOU 69
Starting price 1700000USD
Time to start 01d19h07m12s
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Starting Price:$1700000 USD
Bid Increment:$20000 USD
Bidding Deposit:$170000 USD
Preemption Claimant:None
Evaluation Price:Unrevealed
Bidding Period:0.5 hours
Extension Cycle:5 min/time
Reserved Price:None
Type: Others
Bidding History
None
Reserved price hasn't been reached.
The Sellers have lowered the Reserved Price
Ship name
XING TONG YOU 69
Type of vessel Oil and Chemical Carrier
Entrust institution ZHEJIANG SHIPPING EXCHANGE Reference price(USD) 1700000
State of the auction Auction date 2024-07-16
Ship's classification CCS Length overall(m) 110.98
Port of registry Quanzhou, China Length(m)
Molded breadth(m) 14.80 Molded depth(m) 7.50
Gross tonnage 3414.00 Deadweight/
Reference capacity(t)
4948.00
Type of main engine 广柴8320ZCd-4 Total fixed power
(KW / h)
1765.00
Shipyard Yizheng Xingyi Ship Repairing & Building Co., Ltd. Completion date 2008-01-28
Reconstruction
shipyard
Reconstruction
completion date
2014-10-21
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 online (www.shipbid.net) from 16:00 to 16:30 (Beijing time) on July 9th, 2024.

1. Bidding Object:

MT "XING TONG YOU 69", Chemical/Oil Tanker;
T-2 Chemical/Oil Tanker(flash point≤60℃);
Double bottom double hull; Class Society: Domestic CCS;
PoR: Quanzhou, China;
Trading Area: offshore;
LOA: 110.98m; MLB: 14.80m; MLD: 7.50m;
DWCC: 4948t @ 5.93m draft;
GRT: 3414; NRT: 1911;
M/E: Guangzhou Diesel 8320ZCd-4, 1765kW@500r/min x 1 set;
Built : Jan 28th, 2008;
Builder: Yizheng Xingyi Ship Repairing & Building Co., Ltd.
(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 bidder will be automatically determined as the buyers after the bidding period. If there are two or more bidders participating in the bidding, the potential transfer of the Vessel will be carried out by auction. No one has the preemptive right to the transfer of the Vessel.


2.2. The starting price is USD1.7million, and the bidding deposit is USD 0.17million (or RMB 1.2 million ); Bid increment is a multiple of USD 0.02million.


2.3. The bidding time will enter into Extension Cycle since 16:25 July 9th, 2024 (Beijing Time) 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 USD when applying for the bidding, it will be automatically converted as part of purchase deposit after the bidding. If the Buyers pay the deposit in RMB when applying for the bidding, the Buyers shall lodge the deposit in USD within 2 working days after the bidding is completed, and the bid company will refund the RMB deposit within 2 working days after received the USD deposit, and the bidding deposit shall automatically be converted into the ship purchase deposit under the MOA.


2.5. The time of this auction is subject to Beijing time (unless otherwise stipulated).


2.6. If no qualified bidder is collected after the expiration of this biding, the biding content will not be changed and will be extended in a cycle of 5 working days.

3.Registration requirements:
3.1. Registration is available from the date of this Announcement and ends on July 9th, 2024 (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 resulting in missing the auction). 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 outside the People’s Republic of China with full capacity for civil conduct and legally existing may participate in this bidding.


3.3. The bidder shall submit the following documents for registration (including but not limited to):
●Certificate of Incorporation
●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), and please confirm with the bidding company for details. 

5. Account of Bidding Company:

(1) RMB Acct.:
●户名:浙江拍船网航运交易股份有限公司
●账号:3420020010120100378739
●银行: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 Rd, Lincheng Zhoushan Zhejiang Province, 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: XING TONG YOU 69

6.Contacts:
Mr. Zhou: +86 18058087036/0580-2038882;
Ms. Liu: +86 18058087039/0580-2038358;
Email address: business2@shipbid.net



Zhejiang Shipping Exchange Co., Ltd.
Zhoushan Yi Ge Ship Auction Co., Ltd.
June 17th, 2024

Bidding Rules
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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 "XIN TONG YOU 69", Chemical Tanker;
T-2 Chemical/Oil Tanker(flash point≤60℃);
Double bottom double hull; Class Society: Domestic CCS;
PoR: Quanzhou, China;
Trading Area: offshore;
LOA: 110.98m; MLB: 14.80m; MLD: 7.50m;
DWCC: 4948t @ 5.93m draft;
GRT: 3414; NRT: 1911;
M/E: Guangzhou Diesel 8320ZCd-4, 1765kW@500r/min x 1 set;
Built : Jan 28th, 2008;
Builder: Yizheng Xingyi Ship Repairing & Building Co., Ltd.

All the information and data provided in the Bidding Announcement, Special Provision, Technical Report as well as any other channel related to the vessel 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 Vessel.

3. After Bidding:
3.1.Following a successful bidding, the Buyers shall send an Auction Confirmation to 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 Date, and sign Sales and Purchase Contract (or MOA) with the Sellers within FIVE(5) Banking Days (no later than THREE (3) Banking Days before delivery) after the Bidding. The sales and purchases contract(or MOA) will be revised and signed basis on SALEFORM 2012 made by Norwegian Shipbrokers’ Association.


3.2. After signing the vessel’s Sales and Purchase Contract (or MOA), the auction deposit paid by the Buyers shall be automatically converted into the vessel’s purchase deposit under the Sales Contract (or MOA).


3.3. The bidding deposits of the unsuccessful bidders shall be returned within TWO (2) Banking Days after the bidding without interest. The bidding deposit of the Buyers will be automatically converted as part of purchase fund after the bidding without interest.


3.4. It is acknowledged that the interests-free USD account designated by the bidding company is transaction service account for the Buyers and Sellers to hold and release the funds of the Purchase Price. The bidding company shall, within 5 working days after the Delivery of the Vessel and receiving the Protocol of Delivery an Acceptance and Letter of Instruction in Relation to the Funds signed by the Buyers and the transferor, release all the Purchase Price, ROB Charges and other payables received from the Buyers to the Sellers. 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. The Purchase Price shall be settled in US dollars.

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

4.1. The Buyers must pay off all the bidding service fee no later than 16:00 on July 11th ,2024(Beijing time) and shall remit the balance of the Purchase Price, estimated ROB charge and other delivery monies (if any) to the transaction service account, 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 owner (as the Sellers) should complete the relevant cancellation procedures of the vessel, including but not limited to the cancellation of the ownership and nationality within 14 working Days after signing PODA.
Notice of Readiness shall not be tendered before: July 20th, 2024;
The Latest Delivery Date: August 20th, 2024; Specific time is at the Sellers’ option.


If the Delivery indeed has to be postponed due to the influence of force majeure factors, a new Latest Delivery Date should be fixed between the Sellers and the Buyers.


4.3. Delivery Place: Fujian or Zhejiang China, at the Sellers’ option. The Sellers shall provide the Buyers ten (10), five (5), three (3) days’ notice with approximate delivery date and intended delivery place in advance, and provide one (1) day definite Notice of Readiness for delivery.


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


The vessel shall be handed over according to the status quo at the time of delivery. When 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 vessel’s certificate, condition, etc. The Buyers shall not raise objections to the defects such as the quality of the vessel for any reason. 

5.Related expenses:

5.1. Bidding service fee: After the bidding, the Buyers shall pay the bidding company 2% of the purchase price as bidding service fee.


5.2. In the bidding, the Sellers shall provide the commercial invoices of the Purchase Price and the ROB Charges. All expenses incurred after the handover of the vessel and all taxes incurred during the transfer shall be borne by the Buyers themselves.


5.3. 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.


5.4. This auction does not contain the remaining bunkers and other leased items stored with the ship (if any). On delivery, the Buyers and the Sellers shall take measurement of the remaining bunkers and unused lubricating oils. 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 actual price (exclude barging expenses) as evidenced by invoices or vouchers; or if the invoices or vouchers are not available, market price of Chimbusco on the two (2)working days prior to the date of delivery to be applied. Unused lubricating and hydraulic oils and grease in storage tanks and unopened drums shall be paied with the actual price (exclude barging expenses) as evidenced by invoices or vouchers.


5.5. By the delivery time of the vessel, all expenses and custody responsibilities of the target before the handover of the vessel shall be borne by the transferor; after the handover of the vessel, the expenses and risk responsibilities of the vessel shall be borne by the Buyers, and the custody responsibility of the vessel shall also be borne by the Buyers. If there is any other agreement in the Sales and Purchase Contract (or MOA), the agreement in the Sales and Purchase (or MOA) signed by the Buyers and the Sellers shall prevail.

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 by the bidding company, the Sellers and the Buyers.



Zhejiang Shipping Exchange Co., Ltd.
Zhoushan Yi Ge Ship Auction Co., Ltd.
June 17th, 2024

Technical Report
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Bidding History
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