Entrusted by the transferor (the Seller)，we have scheduled to hold a public bidding online（www.affordablecheapautoinsurance.com）from 16:00 to 16:30 (Beijing Time) on February 9th, 2023.
1. Bidding Object:
“SS PANTANAL”, Deepwater Semi-submersible Drilling Unit ；
Built Date: November 15th, 2010；
Builder: Yantai CIMC Raffles Shipyard Co., Ltd；
LOA：105.00m; MLB: 73.10m; MLD: 33.99m；
Summer DWT: 16036t；
GRT/ NRT：24268 /7280；
Upper Deck Dimension: 68.60m×67.10m×8.1m；
Quarters Capacity: 148 man；
Operation Draft: 15.24~16.76m；
Main Engine Power：7*4400kW；
Thrusters Power: 8*2425 kW；
Operation Water Depth: 2400m；
Positioning capability: dynamic positioning DP2, no mooring system；
Maximum Vertical Drilling Depth: 7500m；
Max. Transit Variable Deck Load: 4000t；
Max. Drilling Variable Deck Load: 5500t；
Drilling Displacement: 36415t；
Survival Displacement: 38152t；
All the information and data refer to the rig provided in this Announcement as
well as the attachments are for reference only. If there is any discrepancy, the class certificates and trading certificates and actual condition shall prevail.
Remark: SS PANTANAL was built and delivered by Yantai CIMC Raffles Shipyard Co., Ltd. in November 2010. After delivery, SS PANTANAL was operated in Brazil from 2012 to 2014 and began warm lay-up since 2015. And in March 2021, the rig began cold lay-up after towed from Brazil to Indonesia. At present, it is cold lay-up at the berth of Sembawang Shipyard, Tanjung Balai Karimun, Indonesia, and COSL Oil-Tech Co., Ltd, a subsidiary of China Offshore Oil Services Co., Ltd is entrusted to manage it during this period. All the machinery and equipments are shut down and some area and tanks cannot be accessed and inspected at present. Besides, it has not been dry-docked since delivery, and the Seller is not responsible for the overall condition and equipments. The Seller does not provide any representation or warranty as to the class status of the rig and the Seller shall not be liable for any consequence in connection therewith. After auction registration, the bidders shall be deemed to accept the condition of the rig no matter whether they inspect the rig on site or not.
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 shall be automatically confirmed as the Buyer upon the completion of the announcing period. If there are two or more bidders participating in the bidding, the transfer of the Vessel will be carried out by auction. No one has the preemptive right to the transfer of the rig.
2.2 The starting price is USD 8 million, and the bidding deposit is USD 0.8 million (or RMB 6 million). Bid increment is a multiple of USD 0.02 million.
2.3 The bidding time will enter into Extension Cycle since 16:25, February 9th, 2023 (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 Buyer pay the deposit in US dollars when apply for the bidding, the deposit shall be automatically converted as part of purchase deposit after the bidding. If the Buyer pay the deposit in CNY, the Buyer shall pay another USD 0.8 million separately to the bidding company’s designated US dollar account within 2 working days after the completion of the bidding. The bidding company shall return the CNY deposit fully back to the Buyer 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 February 9th, 2023 (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. After successful registration, the bidders 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 The time of this auction activity shall be subject to Beijing time.
3.3 Any corporation or organization with full capacity for civil conduct and legally existing in and outside the People’s Republic of China may participate in this bidding.
3.4 The bidders shall not subject to or affected by any sanction, embargoes, freezing provisions, prohibitions or other restriction relating to trading, doing business, investment, exporting, financing or making assets available (or other activities similar to or connected with any of the foregoing) imposed by law or regulation of the United Nations, the People's Republic of China, United States of America and European Union against any state, natural or legal person, body or entity and are capable of making the payments in US Dollars as required under this Agreement（When registration for bidding, the bidders shall provide supporting documents as required by bidding company, and supply additional evidence after bidding as required by the Seller and bidding company ）
3.5 The bidders shall submit the following documents for registration (including but not limited to):
3.5.1 For domestic bidders
l Copy of Business License sealed with the company chop
l Copy of Legal Person's ID card sealed with the company chop
l Power of Attorney (if have), and scanning copy of the authorized person's ID card with the company chop
l Undertaking for Bidding
l Bank slip of bidding deposit
3.5.2 For overseas bidders
l Certificate of Incorporation certified as true copy by the director
l Articles of Incorporation
l Copy of Director’s Passport
l Undertaking for Bidding
l Bank slip of bidding deposit
4. Date and Place for Inspection of the Rig
Inspection is available at Sembawang Shipyard, Jl. TelukPaku, Kel. PasirPanjang, Kec. Meral Barat 29635, Kabupaten Karimun, Kepulaluan Riau, Indonesia. Any bidders intend to inspect the rig, confirm with the bidding company for details in advance please. The risk and expenses in relation to the inspection shall be borne by the potential bidders. 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 condition and defects of the rig.
5. Account of Bidding Company
5.1 USD Acct:
l Beneficiary: Zhejiang Shipping Exchange Market Co., Ltd.
l Beneficiary Address: 6th Floor, Zhoushan Bulk Commodity Exchange Center,
No.555 Wengshan Rd, Lincheng Zhoushan Zhejiang Province, P.R.China
l Account No. : 3309040160000036851
l SWIFT (Beneficiary Bank): HZCBCN2HZSB
l Beneficiary Bank: Bank of Hangzhou Co., Ltd, Zhoushan Branch
l Beneficiary Bank Address: No.619, Dingshen Road, Ganghang Building B Zone,
Zhoushan city, Zhejiang Prov. P.R. China
l Remittance Reference: SS PANTANAL
5.2 CNY Acct:
Mr. Zhou：+86 18058087036
Mr. Zhang：+86 18058087022
Zhejiang Shipping Exchange Market Co., Ltd.
December 29th, 2022