Maldives
SALE OF VESSEL NAMED ‘ASAAS101’ REGISTRY NO. P8802A-01 02-P
Vessel details
Type: Dhoani
Name: Asaas101
Registration number: P8802A-01 02-P
Size & details: length 29.630m, breadth 7.940m, depth 3.870, gross tonnage 50.210
Owner: Mr. Ameez Hassan, Elhehishige, Ga. Villingili
Mortgage: Mortgaged for loan of Mr. Ameez Hassan, Elhehishige, Ga. Villingili
Sale rights: Granted to Bank from Ga. Villingili Magistrate Court (vide verdict no. 171/P2MC/2011)
Auction details (initial bid / expression of interest)
Minimum reserve price: MVR 1,750,000/- (One million seven hundred and fifty thousand only)
Deadline for submission: 1330hrs on 27th November 2014
Bid opening venue: Bank of Maldives PLC, Recoveries Department, 7th Floor, Sea Tracs Building
All initial bids will be opened and announced immediately after above deadline, in the presence of bidders who are present at that time, and the highest valid offer will be determined as the starting price of the auction.
The highest price will be published on the bank’s website (www.bankofmaldives.com.mv) and displayed on the notice board of the branches each day. If the highest price remains constant for 05 (five) consecutive working days from the date that it is announced, the auction will be closed with award to the highest bidder.
Bid closing & Award
The highest bidder will be informed by the Bank upon completion of the auction. Payment shall be made to the Bank within 10 (ten) working days from the date of written notification of award, or such other period as extended by the Bank, failing which the Bank reserves the right to cancel the notification of award and directly award to the next highest bidder, or announce again for further bids.
The Bank reserves the right to terminate the auction at any time before notification of award to the highest bidder.
Submission process and documents
Form of submission: in a sealed envelope with the words “to purchase Asaas101” written on the envelope, to Bank of Maldives PLC, Recoveries Department, 7th Floor, Sea Tracs Building, between 0900-1330 hrs, with following documents:
If an individual: - Letter specifying the offered price (in MVR), and contact details of bidder
- Copy of national identity card (or passport copy in case of a foreigner)
If a company: - Letter specifying the offered price (in MVR), and contact details of authorised person
- Copy of registration certificate of the company
- Copy of Board resolution appointing authorised representative to engage in all correspondence with the Bank for this auction process
Clarifications
From BML Recoveries Department (Phone no. 3330187 / 3015385, Email: [email protected])
Eligibility
Employees or Directors of the Board of the Bank, or family members of employees or Directors (family members defined as parents, children, spouses, and siblings) or private companies with shareholding or directorship by Employees or Directors of the Board of the Bank are not eligible to take part in the auction. All other individuals and registered companies are eligible.
Previous announcements:
No previous announcements regarding sale of this asset
