Entrusted by the transferor (the Sellers), we have scheduled to hold an online public bidding on www.affordablecheapautoinsurance.com from 16:00 to 16:30 (Beijing Time) on September 27th, 2022.

1. Bidding Object:

MV “MSXT HERA”, Bulk Carrier; IMO: 9835070; Flag: Republic of the Marshall Islands;  Class: ABS; LOA: 229.00m; MLB: 32.26m; MLD: 20.05m; Summer DWT: 81738.1t at Draft 14.52m; GRT: 44153; NRT: 27609; M/E: MAN B&W 6S60ME-C8.2 * 1 set, 9930kW@ 90.4 r/min; Generators: YANMAR 6EY18ALW * 3 sets, 745kW@900r/min; Built Time: November 13th, 2018; Builder: Chengxi (Yangzhou) Shipyard Co., Ltd, China (Data above refers to the ship inspection certificates)

Remarks: The ship is under navigation and BWTS has been installed.

2. Bidding Rules:

2.1 The bidding will be held with a reserved price. If there are less than three bidders participating in the bidding, the auction will be deemed as invalid after the expiration of the announcement period. If there are three or more bidders participating in the bidding, the potential transfer of the Ship will be carried out by auction. However, if the highest price offered by the bidder is lower than the reserved price, the auction will be deemed as invalid.

2.2 The starting price is USD 27 million, and the bidding deposit is USD 2 million (or RMB 13.4 million). Bid Increment: a multiple of USD 0.05 million.

2.3 The bidding time will enter into Extension Cycle since 16:25, September 27th, 2022 after the bidding officially starts. And then the ending time will be refreshed every 5 minutes for 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 deposit after the bidding. If the Buyers pay the deposit in CNY, Buyers shall pay another USD 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.

3. Registration Requirements:

Registration is available from the date of this Announcement and ends on September 27th, 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. The time of this auction activity shall be subject to Beijing time. This auction only accepts legal persons or organizations that exist legally to participate in the auction.

4. Date and Place for Inspection of the Ship:

Inspection time is to be determined (according to specific voyage and port arrangement, and we will issue the notice in advance if possible), and please confirm with the bidding company for details.

5. Account of Bidding Company:

(1) USD Acct:

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: MSXT HERA

(2) CNY Acct:

lBeneficiary: 浙江船舶交易市場有限公司

lAccount No.: 3309040160000036844

lBeneficiary Bank: 杭州銀行舟山分行

6. Contacts:

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

Mr. Zhang: +86 18058087022 / 0580-2627109；

E-mail: auction@shipbid.net

Zhejiang Shipping Exchange Market Co., Ltd.

Zhoushan Yi Ge Ship Auction Co., Ltd.

September 7th, 2022

Article 1 Bidding Rules is made by relevant laws, regulations and policies of our Country 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.Bidders shall have a comprehensive understanding of the bidding object before participating in the online bidding activity, accept the requirements and relevant terms for the transferee in the bidding, and shall not regret on the grounds that they do not know about the bidding object after bidding online, and bear legal responsibility for their own behavior. In case of any dispute, the bidder may file a lawsuit to the people's court in the place where the organizer 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 information provided by the Sellers, including video, pictures and text introduction, will be sorted out by the organizer and uploaded through the online auction system, which is only for the reference of the bidder and does not constitute any guarantee of the bidding object.

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 accounts 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.

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 14 The balance shall be remitted to the nominated account in time according to the Purchase Confirmation.

Article 15 The Buyer should sign the Sale and Purchase Agreement with the seller within the required time and make relevant transaction procedures.

Article 16 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 17 The Buyer himself should register the lot and bear all relevant expenses occurred according to the regulations and policies during the transaction procedures.

Article 18 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 19 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 20 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 21 The auctioneer reserves the right to suspend or withdraw the bidding before it starts according to the laws and regulations.

Article 22 The auctioneer reserves the right to suspend or withdraw the bidding if force majeure or accident has caused the online auction to fail.

Article 23 If the service of the Website is abnormal or the auction activity is interrupted due to force majeure or a third party, the trustee and the organizer shall not assume any responsibility. After that, the organizer will issue a supplementary announcement and explain the cause of interruption until a new auction announcement is issued after the website service is restored to normal, and the online auction will be organized according to the new auction announcement.

Article 24 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.

Article25 Bidding announcement, additional provision and other contents are described both in Chinese and English. In case of any discrepancy between the two languages, Chinese shall prevail.

Article26 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.

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

2.  Bidding Object:

MV “MSXT HERA”, Bulk Carrier; IMO: 9835070; Flag: Republic of the Marshall Islands;  Class: ABS; LOA: 229.00m; MLB: 32.26m; MLD: 20.05m; Summer DWT: 81738.1t at Draft 14.52m; GRT: 44153; NRT: 27609; M/E: MAN B&W 6S60ME-C8.2 * 1 set, 9930kW@ 90.4 r/min; Generators: YANMAR 6EY18ALW * 3 sets, 745kW@900r/min; Built Time: November 13th, 2018; Builder: Chengxi (Yangzhou) Shipyard Co., Ltd, China (Data above refers to the ship inspection certificates)

Remarks: The ship is under navigation and BWTS has been installed.

The above data are recorded in the ship's inspection certificate. All the information and data provided in the Bidding Announcement, Special Provision, Inspection 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 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 send an Auction Confirmation to 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, and sign MOA with the Sellers within ten (10) Banking Days after bidding.  The 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. 

3.2 The Purchase Deposit shall be 10% of the final purchase price as per the MOA. The bidding deposit paid by the Buyers shall be automatically converted in to part of the purchase deposit. And the balance of the purchase deposit shall be paid to the escrow account by the Buyers within three (3) working days after the MOA is mutually signed.

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

3.4 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 as well as all other sums payable by the Buyers. After signing the Protocol of Delivery and Acceptance (PODA), the bidding company shall release all the purchase funds which received from the Buyers against the signed PODA and the Release Letter by the Sellers and the Buyers, including but not limited to ROB charge and other delivery monies to the Sellers within 2 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 commission not later than 16:00 September 30th, 2022 (Beijing Time), and pay the balance of the Purchase Price, estimated ROB charges 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 Sellers (as the original ship owner) 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: October 31st, 2022; 

Cancelling Date: December 31st, 2022.
If the Delivery indeed to be extended due to the influence of Novel Coronavirus Pneumonia or other factors, the new Cancelling Date can be fixed when a mutual consent reached 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 or pilot station within Singapore – Japan range (including China) at Sellers’ option. 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 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.

The Sellers shall send the notice with intended delivery time and place 20 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. 

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

4.5 Two (2) 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 in due time. The service fee rate shall be referred to UNDERTAKING of 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 as well as any other delivery monies shall be borne by the Buyers.

5.3 The Sellers would provide with commercial invoices 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.

5.4 On delivery, the Buyers and the Sellers shall take measurement of the remaining fuel oils, 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. Items on board which are on hire or owned by third parties (if any, refer to MOA) are excluded from the bidding.

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.

Unless otherwise specified in the mutually signed MOA, 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 Ship 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.

September 7th, 2022

The Third Party Inspection Report is available, which reflected the ship condition at the time of inspection, for reference only. Please contact us for the details.

Supplementary Statement

Entrusted by the Sellers, we have issued the bidding Announcement, Special Provisions and relative contents for MV “MSXT HERA” on September 7th, 2022.

According to the latest request from the transferor (the Sellers), the following amendment is being declared:

a.     Bidding Announcement Clause 2 (Bidding Rules) has been amended as:

2.1 The bidding will be held with a reserved price. There is no limitation on the number of the bidders. If one or more bidders participating in the bidding, the potential transfer of the Ship will be carried out by auction. However, if the highest price offered by the bidder is lower than the reserved price, the auction will be deemed as invalid.

b.  Special Provisions Clause 3 (After Bidding) has been amended as:

3.1 Following a successful bidding, the Buyers shall send an Auction Confirmation to 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, and sign MOA with the Sellers within ten (10) Banking Days after bidding.  The MOA will be revised and signed basis on SALEFORM 2012 made by Norwegian Shipbrokers’ Association.

c.  Special Provisions Clause 4 (Transfer (Deletion) and Delivery of the Ship) has been amended as:

      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 or pilot station within PMO – Japan range (including but not limited to China, Singapore, Indonesia, Philippines, Vietnam and Korea ) at Sellers’ option. The Sellers shall send the notice with intended delivery time and place 20 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 Buyers shall be deemed to have confirmed to accept the ship’s condition if they did not inspect the ship at the nominated time within the prescribed inspection time. 

4.5 One attachment (Undertaking for Bidding) in total. Please download and check the details.

Except for the aboves, all other terms and conditions of the previous Bidding Announcement, Special Provisions or relative contents for MV “MSXT HERA” shall remain valid and in full force.

In case of any discrepancy or conflict with the previous Bidding Announcement, Special Provisions or relative contents for MV “MSXT HERA” which published or declared through any channel, this supplement statement shall prevail.

Zhejiang Shipping Exchange Market Co., Ltd

Zhoushan Yi Ge Ship Auction Co,Ltd

September 16th, 2022

Undertaking for Bidding-MSXT HERA.pdf