11 April, 2016

Court Auction

Court Auction in Korea
----------------------

INSPECTABLE IN KWANGYANG, KOREA ANYTIME.

FOR INSPECTION PERMISSION PLS SEND US INSPECTOR'S PASSPORT COPY.

MV TY SONG
==========
KOREA FLAG
CLASS KR SS/DD JAN/2018 JAN/2016
BUILT AUG/2008 YIZHENG SHIERWEI SHIPBUILDING CO.,LTD. CHINA
DWT 5,070 MT ON 5.877 M
GRT / NRT 3,138 /1 ,936
LOA / BM / DEPTH 96.50 / 15.80 / 7.40
GRAIN / BAIL CAPA NO.1 - 2,2823 / 2,548  NO.2 - 3,569 / 3,212
2H / 2H
HATCH SIZE NO.1 - 24.8 X 12.50  NO.2 - 31.0 X 12.5

M/E WUXI ANTAI POWER MACHINERY CO., LTD. 1,765 KW

HOLD TYPE  HALF BOX SHAPE / STEEL

Laid up Kwangyang, Korea.

Minimum auction price 675,243,000 Korean Won (equivalent US$556,563)
Auction sale in SoonCheon, KOREA : 1000hrs 18TH April 2016

Bidding Procedures

    (1) 10 % Depoist Money of Minimum Auction Price to be prepared  in
a Cashier's check
    (2) If the tender is successful auction winning Notice will be
issued from the court.
    (3) If the tender is successful it will take 1 weeks for final
decision by Judge ,during this period the court investigated if the
auction were illegal but this procedure is considered to be formal.
    (4) If the fianl decision obtained The Buyers shall pay the
Balance within 3 weeks
    (5) If not awarded 10% security money in check will be returned to
Buyer immeidately on spot.
 
Necessary Documents
    POA ( to be legalized & to be tramslated into Korean / to be
notarized)  &  Passport

Other terms

    (1) On  ‘AS IS/ WHERE IS' basis
    (2)  Currecncy : Korean Won
    (3)  Commission of bidding price to be paid on delivery by
Buyers.