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PUBLIC AUCTION SALE OF BULK CARRIER

PUBLIC AUCTION SALE OF BULK CARRIER

Published: 31 August 2018

TURKISH REPUBLIC
YALOVA
ENFORCEMENT OFFICE
FILE NO: 2014/3999 T.
ANNOUNCEMENT FOR PUBLIC AUCTION SALE OF THE VESSEL CONSIDERED
IMMOVABLE

The type, nature, value, quantity and major characteristics of the vessel which is considered as
immovable and which has been decided to be sold:

SPECIFICATIONS OF THE VESSEL : BULK CARRIER named KAN- 2 with the IMO Number of
9550852 and registered to the Registry for Vessels Under Construction with registry number of 1274.

Name of the Vessel : KAN-2
IMO : 9550852
Flag : TURKISH
Type of the Vessel : GENERAL CARGO VESSEL
Construction Year : 1995
Construction Place : ALTINOVA
Length (LOA) : 109,800 m
Breadth : 16,00 m
Depth : 8,650 m
Draught : 7,00 m
DW Tonnage : 6500 ton
Number of main engine : 1, HANSHIN/LH36LA
Total Machine Power : 1912 KW/ 270 PRM
Bow/Thruster : 1 adet,250 KW
Number of holds : 2
Speed of the Vessel : 12,0 Knots/(Knots/hour)

In the inspections carried out via entering through entrance in the starboard side of the engine
room it has been observed that the main engine is mounted in its place, its shaft is not mounted,
and the engine room circuit and the adjuvants, connections circuit and the components are
partially mounted. When entered the holds through the machine room, the inner broadside, the
bow and stern bulkheads of the holds are painted. Paint and maintenance are needed in some
parts. It is seen that the hold covers are in the area of the shipyard and are not painted and there
is a strong layer of rust. Hold covers should be scrapped and painted. During the inspections
made on the main deck climbed via the ladder of the shipyard located on the starboard side of
the vessel, it is seen that there are partial rusting on the main deck and painting and maintenance
are needed. When the deck head and the forecastle deck are observed, it is seen that of anchor
/ capstan rope and other manoeuvring equipment are in place. During the inspections of the
bridge, it is seen that the installation of the insulation materials are not completed, and glass
and portholes are in place, floor and ceiling coverings, navigational devices are not installed.
When the condition of the aft castle deck equipment are examined, it is seen that the stern
capstan are in place, however the other equipment on the stern are not installed.

The joiner hardware/broadside portholes are installed and are in place in the cabins, at the cabins
and the corridors the cables are spanned and the cable ends have been coiled and the electrical
connections are not completed.

The vessel M/V KAN 2 is incomplete and under construction. “M / V KAN-2” with the IMO
number "9550852" is a cargo vessel that is under construction. The fact the type of the
mentioned vessel is a cargo vessel, is the most important factor that leading the estimated value
of the vessel to be high.

Address : Yalova Altınova Shipyard
Zoning Status : N/A
Value : 7.220.620,00 TL
VAT Rate : %18
Annotations on the Register : It is like in the register of vessel
1st Sales Date : On the date of 18/10/2018, between 14:00-14:05
2st Sales Date : On the date of 13/11/2018, between 14:00-14:05
Place of Sales : UGUR MUMCU THEATER HALL - RÜSTEMPAŞA
NEIGHBORHOOD HUZUR STREET NO:2 FLOOR:1 MERKEZ/YALOVA

Sales Conditions :

1- The tendering process shall be conducted by means of public auction sale. Tendering in the
electronic media at the address of esatis.uyap.gov.tr will be possible starting from twenty days
prior of the date of the first auction until the end of the day before the date of auction. In this
auction, tendering shall be started with the 50 percent of the estimated price on the condition to
excess the sum of privileged receivables, if any, and the expenses pertaining to such sales. In
case there will be no buyer in the first auction, it will be possible to tender in the electronic
media from the fifth day following the date of first auction until the end of the day before the
date of the second auction. In this tender as well, the immovable will be tendered to one who
bids the most, provided that the bid is in excess of the 50 percent of the estimated price the sum
of privileged receivables, if any, expenses pertaining to such sale. In the event there will be no
buyer for such adequate price, the request of sale shall be dismissed.

2- Those wishing to participate in the auction are required to pay a deposit in the rate of %20 of
the estimated price either to the bank account of Yalova Execution Office with the IBAN
number “TR84 0001 5001 5800 7274 040361 in T. Vakıflar Bank Caglayan Courthouse Branch
by indicating their Turkish Identity number and the file number, or to provide an “unconditional,
definite and permanent” bank letter of guarantee to be issued by a national bank or to deposit
the same amount via the POS device in our Office for those holding a Vakifbank ATM card.
According to the article 1 of the Code numbered 805 and due to daily changes in foreign
exchange rates, foreign currency shall not be accepted as security. The sales are made in cash,
an additional time for payment, not exceeding (10 days) may be granted. If requested by the
buyer Stamp Tax, VAT, any taxes arising from in rem characteristics of the vessel and the
delivery expenses are borne by the buyer. Brokerage duty taxes arising from in rem
characteristics of the real property are payable from over the sales price.

3- Creditors having mortgage right and any other related parties (*) are required to notify our
Office, within (15) days of their rights on the said real property, particularly any claims with
respect to interest and expenses, together with the evidential documentation constituting ground
for their claim; otherwise their rights will be left out of the allocation unless evidenced by the
title deed registry.

4-
If the sales price is not paid either immediately or within the time granted, the tender process is
cancelled pursuant to Article 133 of Enforcement and Bankruptcy Law. Any and all buyers
including their sureties who participated in the tender process but later caused the tender process
to be cancelled due to not depositing the tender price, shall jointly be responsible from the
difference between the offered price and final price of the tender process, including any other
damages and further any default interest accrued thereof. Difference of the tender price and
default interest shall be collected by our Office without requirement of any order to that effect,
and such difference shall be recovered from the guarantee primarily, if any.

5- Starting from the date of announcement, the Terms & Conditions shall be open at the office in
order everyone to review, and a copy of the same may be sent to any buyer requesting it,
provided that the costs are duly paid.

6- NOTIFICATION OF THE ANNOUNCEMENT OF SALE IN ACCORDANCE WITH THE
ARTICLE 127 OF ENFORCEMETN AND BANKRUPTCY LAW: This announcement of sale
that is noticed by publication shall be deemed as a duly made service, in case the services made
to the related parties of the enforcement files, addresses of whom are not registered at the
registry (indicated in the present registry), are not received due to the impossibility in service.

7- It is hereby announced that those participating in the sales process shall be deemed as having
seen the Terms & Conditions and duly accepted the content the same, and those who wish to
receive further information are asked to apply to our Office with the file number of 2014/3999
Talimat

İbrahim AYNA
Deputy Enforcement Officer


(ARTICLE 126 OF ENFORCEMENT AND BANKRUPTCY LAW)
(*) Servitude Right owners are also included to the term “related”
*: This sample corresponds to the Sample 64, which was being used before this Regulation

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