Court Auction in Korea
Court Auction : 7,956 DWT '91 BLT TWEEN DECKER for sale.
Located in Jin Hae, Korea, where inspectable.
Minimum auction price 1,043,382,000 Korean Won (equivalent
Auction sale in Busan, Korea : 1000hrs 25th Aug 2016
MV Morning Sky
Tweendeck General Cargo Ship.
1991 blt in Japan
GT on ITC 6,323
L X B X D : 107.28 X 18.0 X 12.00
Bale / Grain : 13,991 / 14,987 cbm
Derricks : 12 T x 2 + 15 T x 2 (SWL)
M/E Akasaka 2,991 KW
(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.
POA ( to be legalized & to be tramslated into Korean / to be
notarized) & Passport
(1) On ‘AS IS/ WHERE IS' basis
(2) Currecncy : Korean Won
(3) Commission of bidding price to be paid by Buyers.