WE OFFER FOR SALE AS SCRAP ….THE FOLLOWING CONTAINER VESSEL;
YM PROMINENCE :
LIBERIA FLAG
TYPE :CONTAINER SHIP
BUILT/BUILDER : 1987 / CBC KAO Shipyard
GRT/NRT : 40,435/14,791
LIGHTWEIGHT : 16,824.58 MT
SPARE PROPELLER : NIL
SPARE ANCHOR :NIL
SPARE TAIL SHAFT :NIL
To carry out this demolition deal, please propose credible and capable Buyers for us
under low profile.
FOR NAMED BUYERS, detailed vessel particulars and various consumption details will be sent for
your disposal. Each Buyer is invited to submit its best firm offers based on Sellers Non-Negotiable Terms of
Sale as follows by 17 : 30 hours Taipei time, 21st May 2009 :
1) Name of Buyers: …………………………………………. (PS. “OR ITS NOMINEE” will be rejected.
Alternatively, a guarantee letter must be signed by the Buyers’ substantial company with the content to
be provided by Sellers later.)
Registered Address:…………………………….
Full Background of Buyers: ……………………………
Buyers to provide deal records during year 2007~2009 (no matter traders or scrap yards)
2) Price USD …………………
3) DEPOSIT
Within 3 banking days of the Contract (includes any documentation which may have different title but has
similar legal efficiency, hereinafter referred as the “Contract”) being signed by both the Buyers and
the Sellers, twenty (20) percent of the sale price “in cash” shall be lodged by Buyers in the Sellers’
nominated bank account(not a joint but Sellers’ account, hereinafter referred as the “Nominated Bank Account”.).
4) PAYMENT
The eighty (80) percent balance of the sale price shall be remitted by telegraphic transfer directly to
Sellers’ Nominated Bank Account at least one (1) banking day prior to the closing date of the Vessel with
irrevocable instruction that the amount so remitted as a cash deposit to cover the final payment shall be
released to the Sellers against presentation by the Sellers to the Nominated Bank Account of a copy of Protocol
of Delivery and Acceptance signed by the Buyers’ representative and the Sellers.
Deposit/balance/closing to be effected at the Sellers nominated bank aforesaid. Transfer expenses up to Sellers
bank for Buyers account. Any charges of Sellers bank for Sellers account.
5) DELIVERY
The vessel shall be delivered strictly upon as-is-where-is basis and safely afloat at a safe berth, buoy or
anchorage at Colombo or Kaohsiung/Hong Kong range , during 10th June 2009 and 10th July 2009 with all
classifications and condition of vessel and everything, every machinery and equipment as onboard vessel at
time of delivery.
Expected time of delivery : during 10th June 2009 and 10th July 2009 in Sellers option.
Date of canceling : 10th July 2009 in Buyers option.
Sellers shall keep Buyers being regularly posted of vessels’ position with regard to delivery date and give
Buyers 5 days approximate notice of delivery and 3/2/1 days definite notice to Buyers to take delivery of vessel
after the vessel is ready for delivery and written notice via e-mail or fax thereof has been given to Buyers.
The Sellers shall give the Buyers definite notice of readiness of delivery only at the time when the vessel
and delivery documentation becomes ready for delivery in all respects.
Should the vessel not be ready for delivery within the agreed canceling date the Buyers shall have the right
to maintain or cancel the Contract.
In the event Buyers wish to maintain the Contract then, a new canceling date shall be mutually agreed and
the Contract shall otherwise remain unaltered and in full force and effect.
6) INSPECTION
No inspection allowed (unless Sellers deem especially required).
7) PURPOSE OF SALE
The vessels are sold and accepted on an “as is” and definite basis for the purpose of demolition and recycling
only and the Buyers undertake that it will neither trade the vessels to a third party for any purpose other than
demolition and recycling. The Buyers shall procure that this obligation is made a term of any and every subsequent
agreement for the resale of the vessels.
8) The vessels shall be delivered upon as-is-where-is basis, fair wear and tear excepted.
All Class certificates and surveys to be valid for at least one (1) intended ballast voyage from the date of delivery.
9) EQUIPMENT ON BOARD
The vessels shall be delivered to the Buyers with everything belonging to her on board, excluding containers and lashing materials.
Master/Officers and crews personal effects and masters slop chest are to be excluded from the sale.
10) ENCUMBRANCES
The Sellers warrant that the vessel, at the time of physical and legal delivery is free from all encumbrances and
maritime liens or any other debts whatsoever.
11) RISK
The vessels shall be at the risk and expense of the Buyers after completion of physical delivery and acceptance.
Before completion of physical delivery and acceptance, the risk and expense of the vessels shall be borne by the Sellers.
12) DOCUMENTS
Buyers shall provide the Sellers with a list of their reasonably required documentation for scrap or demolition
purposes, which shall be mutually agreed and incorporated into the Contract in the form of an addendum.
13) BUYER’S & SELLER’S DEFAULT
If Seller defaults on its obligations then Buyers reserve the right to terminate the Contract and deposit to be
returned to Buyers along with the interest earned. In case Buyers default in respect of any of their obligations hereunder,
the Sellers shall be at liberty (but not bound) to resell the Vessels by public or private sale and in such event all loss
and damages arising from such resale or Buyers default shall be compensated to the Sellers by the Buyers, together with
interest at a rate of six (6) percent per annum upon the purchase price from the date of the Buyers default until the
date of such resale. Should the purchase price not be paid as aforesaid, the Sellers have the right to cancel Contract
and forfeit the deposit if it has been put up.
14) ARBITRATION
Arbitration arisen hereunder shall be held in London and English laws shall apply.
15) Sellers shall not participate in vessel’s beaching.
16) The Contract shall be stipulated based on the Norwegian Sales Form 1993 (SALEFORM 1993) and shall be amended or
revised by mutual written agreement.
17) Negotiations and the deal, if any, shall be kept strictly private and confidential.
Filed under: OTHERS | Tagged: DEMO, DEMO SHIP FOR SALE, SCRAP SHIP FOR SALE | Leave a comment »
Middle East Marine 