19 October, 2016

Court Auction in Korea

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 902,872,000 Korean Won (equivalent US$818,560)
Auction sale in Changwon, Korea : 1000hrs 19th Oct 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 procedureis 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