Home>Wuhan Maritime Court Notice of Auction of Ship “Sanyang 2”

Wuhan Maritime Court Notice of Auction of Ship “Sanyang 2”

Auction phase First

Starting price: 1.03 million yuan

Security deposit: 150,000 yuan

Ship type: Multipurpose vessel

Port of registry: Yangzhou, China

Length: 75 meters

Gross tonnage: 2,209 tons

Construction completion date:

Shipbuilding site: Yangzhou, China

Breadth: 13 meters

Depth: 5.3 meters

Net weight: 1,237 tons

Issuing court : Wuhan Maritime Court

Issuing date: Dec 11, 2017    Expiration date: Dec 11, 2018

Auction type: Online

Auction type: https://sf.taobao.com/020/01

Ship Auction Notice

Wuhan Maritime Court Notice of Auction of Ship “Sanyang 2”

enccmt.court.gov.cn Issueing date: Jan 09,2018 Expiration date:

Notice

                                              Wuhan Maritime Court Notice of Auction of Ship “Sanyang 2” 

                                         Issuing date: Jan 3, 2017 10:00                Expiration date: Mar 3, 2017 10:00

                                                                                Notice

                                                                       Wuhan Maritime Court 

                                                                          Notice of Auction 

In accordance with its verdict No 368, the court has determined that it will auction the ship Sanyang 2 and matters of concern are posted as follows:

1. Item to be auctioned : the ship “Sanyang 2”

Port of registry: Yangzhou, China

Type of ship: Multipurpose vessel (for containers or general cargo)

Shipyard: Jiangdu Sanjiang Shipbuilding Industry Co Ltd

Total weight: ,2209 tons

Length: 75 meters

Molded breadth: 13 meters

Molded depth: 5.3 meters

Total weight: 2,209 tons

Net weight: 1,237 tons

Number of main engines: 2

Power of main engines: 706 KW

The ship is now berthed at the Tongchang Steamer Wharf of Nantong.

2. Auction method:

The ship will be sold through bidding via the Taobao judicial auction platform online. The website is as follows:

http://sf.taobao.com/027/20  

3. Bidding Time:

The court will auction the ship from 10:00 am Jan 3 to 10:00 Mar 3,2018, 60 days in total. During the selling period, it’s possible to offer a price. (Since holidays are included in the selling period, bidders must pay the full amount of auction funds on workdays through the online platform.)

If bidders offer a price anytime during the 60-day selling period, the auction begins a 24-hour countdown. Within 24 hours, other bidders can take part. When there is an offer in the last five minutes, the auction will be extended automatically by five minutes until there are no further bids in the last five minutes.

If no one bids within the 60 days of the selling period, the auction procedure is over. 

4. Bidder qualification:

Natural persons and legal persons with full civil capacity can take part in the bidding. Bidders can register, sign up and pay a deposit on Taobao before the auction. Bidders not conforming with the requirements must bear legal liability. 

5. Bidding rules:

The ship will be offered at 1.03 million yuan with a deposit of 150,000 yuan. The range of price increases is 5,000 yuan. There is no reserve price for price increases. (Since holidays are included in the selling period, bidders must pay the full amount of auction funds on workdays through the online platform.) 

The deal is closed if there is only one party who offers a higher price than the offer price. If two or more parties bid, the one offering the higher price will be successful. When a bid is withdrawn, the deposit won't be refunded. 

Bidders can obtain qualifications to bid only if they sign up to make advance payment. Before the bidding, the judicial auction platform will freeze the bid amount in the bidder’s account. When selling ends, the capital of those who don’t get the ship will be automatically unfrozen within 24 hours. 

During the lock-out period, no interest will be paid. The frozen money of the bidders will be transferred into the account designated by the court. Any additional money will be transferred into the account within seven days after the bidding. (Account name: Wuhan Maritime Court; Account number: 7381610183100001130; Bank of deposit: Jianghan Road Sub-branch of Wuhan branch of China Citic Bank); If the ship is sold at the bid price, there is no need to pay additional money. 

If no one bids during the auction period, advance payments will be unfrozen within 24 hours. During the lock-out period, no interest shall be paid.