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US Marshals Service Sale of bulk cargo carrier Wise Honest

US Marshals Service Sale of bulk cargo carrier Wise Honest

Published: 2 August 2019

U.S. MARSHALS SERVICE Sale of “WISE HONEST”
Bid Deadline: August 9th, 2019 5:00 P.M. EST

Notice of Sale Bulk Cargo Carrier

The United States Department of Justice has requested permission to the United States District Court for the Southern District of New York for an interlocutory sale of the Bulk Cargo Carrier “WISE HONEST” IMO 8905490.

The WISE HONEST is being marketed for sale pursuant to the Court Order issued by United States District Court - Southern District of New York dated July 18, 2019, in connection with case number 19 CV 4210 (PKC). WISE HONEST is presently located at port anchorage in Pago, Pago, American Samoa.

WISE HONEST PARTICULARS
Net LDT of approximately 6,054mt (equivalent to 5,958 LT)
Geared bulk carrier
IMO 8905490
North Korean (DPRK) flag
1989 Build - Shin Kurushima, Japan
Hull number 2631
9,904 Net tonnage
17,061 Gross tonnage
27,881 Deadweight tonnage
177 meter LOA
26 meter Width
4 cranes
Diesel main engine
3 Auxiliary generators

Sale to be lump sum net, basis delivery “as is, where” is at port anchorage, Pago Pago, American Samoa. The Government makes no representation, warranty, statement, guaranty, promise, or commitment as to the quality or seaworthiness of the Wise Honest and notes that the vessel is not in condition to be moved except by tow.

Bid Process

WISE HONEST is being offered for sale in a sealed bid arrangement starting July 31, 2019, with the close of bidding 5 PM EST August 9, 2019.
Only bids from potential purchasers which have experience, qualifications, and capabilities suitable to take
delivery and arrange to remove vessel from its current location shall be considered.

Interested purchasers must pre-register in order to obtain access to additional information or to arrange an
on-site, pre-bid, inspection. The Government, will have sole discretion as to the bid process, selection of
qualified bidders and the resolution of any disputes. The bid shall warrant and represent that the buyer is
ready, willing, and able to close the purchase and pay the offered price in full, in United States dollars if
the bid is accepted.

Along with price and proposed terms qualified bids must state a proposed removal date.

THE UNITED STATES GOVERNMENT RETAINS THE RIGHT TO REJECT ANY BID
PROCEDURES OR BIDDERS THAT IT BELIEVES IMPROPER AND TO RESOLVE DISPUTES
WITH REGARD TO PROCEDURES, BIDDERS, OR BROKERS.

In order to pre-register or obtain further details about the bidding process, please send an email with contact
information to AFD.Property@usdoj.gov.

Deposit Funds and Purchase Agreement

The Selected Bidder will enter a Purchase Agreement and lodge a 5% deposit into the non-interest-bearing
account of the escrow agent designated by the Government within five days. The balance of the purchase
price is to be deposited to the Seized Asset Deposit Fund as designated by the Government on the closing
date. Should balance of the purchase price not be received within the requisite time, the non-refundable
Deposit shall be retained by the Government.

The sale will include all onboard fuel, lubricants and appurtenances.

Disclosures


WISE HONEST will be sold “as is, where is”. The Government shall not in any way be liable for any
losses incurred by a bidder or third party in connection with the purchase, sale, use, or operation of the
WISE HONEST. The Government makes no representation, warranty, statement, guaranty, promise, or
commitment as to the quality or seaworthiness of the Wise Honest.

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