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BRIGHTOIL GALAXY INVITATION TO TENDER

BRIGHTOIL GALAXY INVITATION TO TENDER

Published: 23 September 2019

 

 

 

                            INVITATION TO TENDER

                                                                                                         IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION COURT OF FIRST                         INSTANCE ADMIRALTY JURISDICTION

 

RE:HCAJ 13 of 2019

The ship or vessel “BRIGHTOIL GALAXY” (the “Vessel”)

 

Pursuant to the order for sale of the Vessel made by the High Court of the Hong Kong Special Administrative Region on the 26 July 2019 tenders are invited for the purchase of the Vessel (a general description of which is set out below) upon the following terms.

 

  1. The Vessel is offered for sale as she lies in the waters of Hong Kong in her “as is”“where is” condition at the date of delivery without any warranties or guarantees. The Vessel is sold free from incumbrances, with everything on board belonging to her but excluding any equipment on hire.

     

  2. No error or misdescription in this invitation or otherwise by representatives of the Government or the High Court of the Hong Kong Special Administrative Region shall entitle the successful tenderer (”the Buyer”) to annul the sale.

     

  3. Tenderers are advised to make all and any such enquiries as they think fit. Permission to inspect the Vessel may be obtained from the Chief Bailiff.

     

  4. Tenders for the purchase of the Vessel must:
    1. be in writing addressed to the Registrar of the High Court, Hong Kong Special Administrative Region;
    2. be in a sealed envelope so addressed and marked “HCAJ 13 of 2019 – CONFIDENTIAL”;
    3. be accompanied by way of deposit by a cashier’s order or bank draft drawn by a Hong Kong bank or a bank having a branch office or banking correspondents in Hong Kong or certified cheque drawn on such a bank of 10% of the offer payable to “Registrar, High Court” and crossed in “HCAJ 13 of 2019” (the “Deposit”);
    4. be expressed to be irrevocable until 16 October 2019;
    5. reach the Registrar c/o Chief Bailiff (Administration & Admiralty) at Bailiff Office, LG 3/F, High Court Building, 38 Queensway, Hong Kong not later than 2:00 p.m. (Hong Kong time) on 9 October 2019, otherwise such tenders will be treated as invalid;
    6. )follow the arrangement in respect of tender closing time in the times of gale or rainstorm warnings in Hong Kong as set out below:

       

  5. The Registrar is not bound to accept the highest or any tender.

     

  6. If a tender is accepted the balance (plus the sum payable for bunker fuel) of the purchase price also in the form of a cashier’s order, bank draft or certified cheque payable as aforesaid must be paid within 7 days of the acceptance of the tender and if not so paid the deposit of 10% will be forfeited in which event the Registrar will be at liberty to sell the Vessel to any other party or parties.

     

  7. The Buyer shall within 7 days of the acceptance of the tender pay by the aforesaid methods the Hong Kong market price for the bunker fuel remaining on board on the date of delivery, such quantity and price to be determined by the Chief Bailiff or his agent.

     

  8. Upon payment of the balance of the purchase price, a bill of sale will be duly executed on behalf of the High Court of the Hong Kong Special Administrative Region in favour of the Buyer.

     

  9. The Registrar may in his discretion agree that the Vessel be sold to a nominee of the Buyer. Such nominee and the Buyer shall sign an addendum to this Invitation to Tender in such form as the Registrar may require. Any nomination shall be made no later than 3 working days prior to the delivery of the Vessel. Any nomination made by the Buyer shall be irrevocable. No further nomination is permitted.

     

  10. Deposits will be refunded to unsuccessful tenderers.

     

  11. Any tenderer who does not receive notice by 16 October 2019 that his tender has been accepted may assume that such tender has been rejected.

     

  12. Should the Vessel become a total loss (or be accepted by underwriters as a constructive total loss) before delivery of the Vessel to the Buyer the sale shall be null and void and the Deposit will be refunded to the Buyer.

     

  13. The Buyer shall be liable for any fees duties taxes or dues of whatever nature which may become payable upon the purchase and transfer of the Vessel.

     

  14. On completion of the sale the Buyer will assume all responsibility for complying with all Hong Kong Marine Department directions regarding the Vessel.

     

  15. This invitation and the sale of the Vessel is made and effected without any liability of whatsoever nature of the High Court of the Hong Kong Special Administrative Region or its officers, employees or agents.
  1. in case a Black Rainstorm Warning Signal or a Tropical Cyclone Signal No.8 or above is lowered or cancelled before or at 11:00 a.m. (Hong Kong time) on 9 October 2019, the tender closing time will remain unchanged;
  2. in case a Black Rainstorm Warning Signal or a Tropical Cyclone Signal No.8 or above is lowered or cancelled after 11:00 a.m. (Hong Kong time) on 9 October 2019, the tender closing time will be deferred to 02:00 p.m. (Hong Kong time) on the next weekday (i.e. except Saturday and Sunday) other than public holidays; and
  1. be expressed in Hong Kong Dollars or United States Dollars with payment of the Deposit being made in the same currency as the tender.

 

  1. The Registrar is not bound to accept the highest or any tender.

     

  2. If a tender is accepted the balance (plus the sum payable for bunker fuel) of the purchase price also in the form of a cashier’s order, bank draft or certified cheque payable as aforesaid must be paid within 7 days of the acceptance of the tender and if not so paid the deposit of 10% will be forfeited in which event the Registrar will be at liberty to sell the Vessel to any other party or parties.

     

  3. The Buyer shall within 7 days of the acceptance of the tender pay by the aforesaid methods the Hong Kong market price for the bunker fuel remaining on board on the date of delivery, such quantity and price to be determined by the Chief Bailiff or his agent.

     

  4. Upon payment of the balance of the purchase price, a bill of sale will be duly executed on behalf of the High Court of the Hong Kong Special Administrative Region in favour of the Buyer.

     

  5. The Registrar may in his discretion agree that the Vessel be sold to a nominee of the Buyer. Such nominee and the Buyer shall sign an addendum to this Invitation to Tender in such form as the Registrar may require. Any nomination shall be made no later than 3 working days prior to the delivery of the Vessel. Any nomination made by the Buyer shall be irrevocable. No further nomination is permitted.

     

  6. Deposits will be refunded to unsuccessful tenderers.

     

  7. Any tenderer who does not receive notice by 16 October 2019 that his tender has been accepted may assume that such tender has been rejected.

     

  8. Should the Vessel become a total loss (or be accepted by underwriters as a constructive total loss) before delivery of the Vessel to the Buyer the sale shall be null and void and the Deposit will be refunded to the Buyer.

     

  9. The Buyer shall be liable for any fees duties taxes or dues of whatever nature which may become payable upon the purchase and transfer of the Vessel.

     

  10. On completion of the sale the Buyer will assume all responsibility for complying with all Hong Kong Marine Department directions regarding the Vessel.

     

  11. This invitation and the sale of the Vessel is made and effected without any liability of whatsoever nature of the High Court of the Hong Kong Special Administrative Region or its officers, employees or agents.

 

PARTICULARS OF VESSEL

Vessel’s name:                                            BRIGHTOIL GALAXY

IMO No. :                                                      9602631

Port of Registry:                                          Hong Kong

Type of Vessel:                                            Double Hull Crude Oil Tanker (VLCC)

Builder:                                                          Hyundai Heavy Industries Ltd, Gunsan, South Korea

Built (Delivery Date):                                 26th November 2012

Classification Society:                                Lloyd’s Register

LOA/LBP :                                                 333.14 / 319.05 m

Breadth (moulded):                                   60.00 m

Depth (moulded):                                      30.40 m

GRT:                                                                161,296 mt

NRT:                                                                110,773 mt

Lightship :                                                     44,817 mt

Summer Deadweight:                               299,999 mt

Summer Draught:                                       21.252 m

Main Engine:                                                Hyundai MAN B&W 6S90ME C8.2 Tier II

MCR:                                                              30,423 kW @75.6 rpm

NCR:                                                               27,380 kW @73 rpm

Auxiliary Engines (x3):                              Hyundai-Himsen 6H21/32 (1,277 kW @ 900 rpm)

C.O.T. Capacity

(included slop tanks):                                353,626.4 m3

 

(S. KWANG)

Registrar, High Court

           19  September 2019

 

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