13 September, 2016


Court Auction in Korea


Court Auction  : 6,607 DWT '96 BLT TWEEN DECKER for sale.

Located in Jin Hae, Korea, where inspectable.

Minimum auction price 1,128,590,000 Korean Won (equivalent

  Auction sale in Busan, Korea : 1000hrs 21st Sept 2016

Tweendeck General Cargo Ship.
KR Class
SS/DD Due in  Sept 2016
1996 blt in Japan
GT on ITC 4,743
6,607 DWT
L X B X D : 87.79 X 17.7 X 12.00
Bale / Grain : 9,941 / 10,431 cbm
Derricks : 20 ton X 3 Set
M/E Hanshin 2,427 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