NOTICE
SALE OF MOTOR VESSEL “M.V. SANAD”
PUBLIC AUCTION
Consequent to the order of the Commercial High Court of the Republic of Sri Lanka, holden in Colombo, in the Exercise of its Admiralty jurisdiction in Action in Rem No. 12/2017 M.V. “SANAD” GRT/NRT 4015/1974 year built 1999now lying at the Port of Colombowill be sold in it’s existing state/condition by public Auction free of all encumbrances on 25th May 2018 at 2.00p.m at the premises of the Commercial High Court of Colombo No.3 (Admiralty Court) situated at Hulftsdorp Street, Colombo 12 Sri Lanka, by the Marshal of the Admiralty Court.
All prospective bidders will be required to deposit with the Marshal a sum of United States Dollars Ten Thousand (US$10,000.00) each before the commencement of the Auction by a Bank Draft drawn in favour of the “Judge of the Commercial High Court, Account No; 176 1001 39026 426” in order to become eligible to take part and make bids at the Auction. The bidding will be in multiples of US$ 5,000.00. The successful bidder is required to deposit the balance bid amount in United States Dollars within 14 days of the date of award into Judge of the Commercial High Court, Account No; 176 1001 39026 426” with the People’s Bank, Mid City Branch. The deposit of US$ 10,000.00 will be forfeited if the successful bidder fails to deposit the balance bid amount as set forth above. Time is of the essence of the contract and no extension of time will be granted under any circumstances whatsoever.
The offer for sale of the M.V. “SANAD” is in it’s existing condition “as it is”and it shall be deemed that all bidders have inspected and examined the said Motor Vessel. No subsequent complaints of any nature will be entertained.
In the event of the highest bidder failing to complete the purchase within the stipulated time, then the next highest bidder, in the respective order, may be called upon to deposit the balance amount of their bid and complete the purchase as set forth above, if their bid is accepted by Court. Deposit of unsuccessful bidders will be refunded within 30 days of the completion of sale of the Motor vessel.
All bids will be subject to the final approval of the Commercial High Court.
Further details regarding the motor vessel can be obtained upon written request to the Marshal.
MARSHAL OF THEHIGH COURT OF COLOMBO
1ST FLOOR, BRISTOL PARADISE BUILDING,
43/89, YORK STREET,
COLOMBO 01.
SRI LANKA.TELEPHONE : +9411 2441429 / +9411 2435127
FAX NO : +9411 2435160
Website : www.dgshipping.gov.lk
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