10 May, 2016

Court Auction in Korea

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

INSPECTABLE IN KWANGYANG, KOREA ANYTIME.



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 549,194,000 Korean Won (equivalent US$472,820)

  Auction sale in SoonCheon, KOREA : 1000hrs 30th Mayl 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 for us on delivery by
Buyers.