Maldives
Auction of Steel Vessel
Purpose of the auction: To enforce the judgment of Civil Court case number: 2374/Cv-C/2015
Boat details:
Type: Steel Vessel
Hull number: 1810T32
Size & details: length 20.90 m, breadth 5.48m, depth 2.75m,
Owner: Tropic Investment Private Limited (C-14/2005)
Note: The Boat sale also includes the sale of the engine. The information regarding the engine is mentioned below.
Engine details
Model: 1no.YABMAR 6HA2M-WHT
Minimum reserve price: 6,500,000.00 Only (Six Million Five Hundred Thousand Rufiyya)
Period for submission: From 24th February 2019 To 28th February 2019
Inspection of vessel: 17th February 2019 to 21st February 2019 from 10:00 to 17:00
Location of vessel: K.Thilafushi Tropic Investment’s Boat Yard
The highest price will be published on the Civil Court (http://www.civilcourt.gov.mv) website. Auction will be closed with award to the highest bidder at 13:30 of 28th February 2019.
Bid closing & Award
The highest bidder will be informed by the Civil Court upon completion of the auction. Payment shall be made to the Civil Court within 15 (fifteen) working days from the date of written notification of award, failing which the Civil Court reserves the right to cancel the notification of award and directly award to the next highest bidder, or announce again for further bids.
The Civil Court reserves the right to terminate the auction at any time before notification of award to the highest bidder.
Submission process and documents
The Documents should besealed in an envelope with the words “to purchase Steel Vessel” written on the envelope, to Civil Court, Ground floor, Justice Building, between 08:00-13:30 hrs.
If an individual: - Letter specifying the offered price, 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, 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 Civil Court for this auction process
- Memorandum and Articles of Association of the company
The bidder must provide his own bank account statement (past 01 months) as proof of financial capacity. The bank account statement should be an original issued by the respective bank. The statement must be updated not less than seven days before the submission of the bid. The following documents also should be submitted along with the bid. Civil Court reserves the right to cancel any bids submitted with incomplete documentation.
Clarifications
From Civil Court, Justice Building (Phone no. 3006412 / 3006428 )
Email: [email protected]
13 February 2019
