19 September, 2016

9,575 DWT '98 BLT TWEEN DECKER with Stern Ramp for sale.

Court Auction in Korea


Court Auction  : 9,575 DWT '98 BLT TWEEN DECKER with Stern Ramp for

Located in Incheon, Korea, where inspectable.

Minimum auction price 1,627,254,000 Korean Won (equivalent

  Auction sale in Incheon, Korea : 1000hrs 22nd Sept 2016

MV 'Sunrise'
KR Class
1998 blt in Kwang Yang Shuipbuilding, Korea
GT on ITC 8,649
9,575 DWT
Bale / Grain : 17,036 / 19,036 cbm

M/E SsangYang, Korea 3,883 KW


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