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Bidding Announcement of DA YANG BAI LI
Starting price 21500000CNY
Time to start 01d09h24m32s
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Starting Price:¥21500000 CNY
Bid Increment:¥20000 CNY
Bidding Deposit:¥3000000 CNY
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
DA YANG BAI LI
Type of vessel Dry Cargo Ship
Entrust institution ZHEJIANG SHIPPING EXCHANGE Reference price(CNY) 21500000
State of the auction Auction date 2024-06-25
Ship's classification CCS Length overall(m) 110.40
Port of registry NANJING Length(m)
Molded breadth(m) 19.60 Molded depth(m) 11.80
Gross tonnage 7216.00 Deadweight/
Reference capacity(t)
8463.10
Type of main engine 淄柴博洋YANMAR 6N330-EN Total fixed power
(KW / h)
2574.00
Shipyard SANMEN QIANGHUI SHIPYARD CO., LTD . Completion date 2012-06-18
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 online (www.shipbid.net) from 15:30 to 16:00 (Beijing time) on June 25th, 2024.

1. Bidding Object:
“DA YANG BAI LI”,Dry Cargo Carrier;
Port of Registry: Nanjing;Class:CCS ;
Navigation Area: Unrestricted Area;IMO NO.: 9607978
LOA:110.40m;MLB:19.60 m;MLD:11.8 m;
DWT:8463.1MT@
7.60 m;
GT:7216;NT:2874;
M/E: YANMAR 6N330-EN,2574kW@620rpm x 1 set;

Crane: 40t*2sets;
Built Date:June 18th, 2012 ;
Builder:SANMEN QIANGHUI SHIPYARD 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 RMB 21.5 million, and the bidding deposit is RMB 3 million (or US $0.42 million); Bid increment is a multiple of RMB 0.02million.

2.3. The bidding time will enter into Extension Cycle since 15:55 June 25th, 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 overseas Buyers win the bidding, the Buyers shall sign an "Ship Export Agent Agreement" with the designated agency company of the bidding company within 2 working days after the bidding is completed, 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).

3.Registration requirements:
3.1. Registration is available from the date of this Announcement and ends on June 25th, 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 natural persons with full civil capacity in China and corporation or organization in and 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):
(1) For domestic bidders:
●营业执照扫描件(加盖公章)
●法定代表人身份证扫描件(加盖公章)
●经办人身份证扫描件及授权委托书(如有,需加盖公章)
●《参拍承诺书》

(2) For overseas bidders:
●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 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:
(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.: 3420020011420100032130
●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

6.Contacts:
Mr. Wang: +86 13705809227/0580-2038882;
Ms. Chen: +86 18058087026/0580-2038358;
Email address: business2@shipbid.net



Zhejiang Shipping Exchange Co., Ltd.
Zhoushan Yi Ge Ship Auction Co., Ltd.
June 03rd, 2024

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 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 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 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 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 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 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

“DA YANG BAI LI”,Dry Cargo Carrier;
Port of Registry: Nanjing;Class:CCS ;
Navigation Area: Unrestricted Area;IMO NO.: 9607978
LOA:110.40m;MLB:19.60 m;MLD:11.8 m;
DWT:8463.1MT@
7.60 m;
GT:7216;NT:2874;
M/E: YANMAR 6N330-EN,2574kW@620rpm x 1 set;

Crane: 40t*2sets;
Built Date:June 18th, 2012 ;
Builder:SANMEN QIANGHUI SHIPYARD CO., LTD .

All the information and data provided in the Bidding Announcement, Special Provision, Survey 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 data above, the bidding and bidding price won’t be disturbed. Once the bidding is concluded, the bidding company and the Sellers shall not assume 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 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) working days of the Bidding Day. The buyer is required to sign the Purchase Contract (or MOA) with the transferor within 3 working days after the signing Auction Confirmation (not later than 3 working days before the delivery of the vessel).

3.2 Upon signing the Sale and Purchase Contract (or MOA), the bidding deposit paid by the Buyer will automatically be converted into the purchase deposit under the Sale and Purchase Contract (or MOA).

3.3 The bidding deposits of the unsuccessful bidders shall be returned within 2 working days after the bidding without interests.

3.4 It is acknowledged that the interests-free CNY or 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 Service Agreement shall be signed at the same time as signing the MOA. After signing the Protocol of Delivery and Acceptance (PODA) and Joint Release Letter, the bidding company shall release all the purchase funds which received from the Buyers, including but not limited to purchase price, ROB charges and other delivery monies to the Sellers within 3 working days without interests. 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.

3.5 If the Buyer is a foreign enterprise, on the day of the ship's delivery, the bank settlement will be handled by the export agency designated by our company (the exchange rate for settlement will refer to the bank's real-time foreign exchange purchase price, and the final rate will be as per the bank's settlement certificate). Both the transferor and the Buyer must appoint the company designated by the bidding company as the export agent, and the related export expenses will be borne by the Buyer.

4. Transfer (Deletion) and Delivery of the Ship
4.1 The buyer must pay the full bidding service fee before 16:00 (Beijing time) on June 28th, 2024 and shall lodge the balance Purchase Price, estimated ROB charges and other delivery monies (if any) at least 2 working days prior to the intended delivery date to the transaction service account as prescribed in the MOA and the Service Agreement.

4.2 The Sellers should complete all the deletion procedures relating to the ship within 10 working days after signing PODA.
The Earliest Delivery Date: July 15th, 2024;
The latest Delivery Date: August 15th, 2024.
The intended delivery date in the above period shall be at Seller’s option. If the Delivery indeed to be extended due to the influence of any force majeure factors, a new Cancelling Date should be fixed between the Sellers and the Buyers.
4.3 Delivery Place:Tentative (China or other Southeast Asian ports) at Sellers’option. The Sellers shall provide the Buyers fifteen(15),ten (10), 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 Buyers to take delivery of the Ship which shall be for the Buyers’ account.
The ship shall be delivered and taken over as she was at the time of inspection, fair wear and tear excepted. However, the Buyers shall be deemed to confirm and accept the ship’s condition if they did not inspect the ship at the nominated time within the prescribed inspection time and the ship will 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.

5. Related expenses
5.1 Bidding service fee: The Buyers shall pay the bidding company 1% of the purchase price as the service fee.

5.2 The Sellers would provide with commercial invoice of the purchase price and ROB charges. All the taxes, expenses and costs incurred after the ship delivery 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 hired 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 last actual net price (excluding barging expenses) as evidenced by invoices or vouchers. If not available from the Sellers, for remaining fuel oils, the Platts Singapore price on the 3rd business days prior to the date of delivery to be applied. For other non-fuel oils, the last actual net price as evidenced by invoices or vouchers; or if not available from the Sellers, or else if the invoices or vouchers of other non-fuel oil are not available, the selling price published by the same suppliers on the 3rd business days prior to the date of delivery to be applied The actual charges shall be settled according to the actual measured amount on the day of delivery, and any excess payment shall be refunded and deficiency shall be repaid.

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. If there are any other terms agreed in the MOA, the 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 3rd, 2024

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