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
US$918,470)
Auction sale in Busan, Korea : 1000hrs 25th Aug 2016
MV Morning Sky
===============
Tweendeck General Cargo Ship.
KR Class
1991 blt in Japan
GT on ITC 6,323
7,956 DWT
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
(ADA/WOG)
+++
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 by Buyers.
