SPECIAL NOTICE
MT. KUCH BAY
Action in Rem No. 15/2020
The subject public Auction originally scheduled on Friday 11th June 2021 was later postponed due to travel restriction imposed by the Government of Sri Lanka.
In terms of the Order given by the Commercial High Court (Admiralty) Colombo, now the auction will be held on Friday 2nd July 2021 in the Court room number 03 of the Commercial High Court Colombo premises.
By Order of the Commercial High Court (Admiralty) of Colombo, Sri Lanka
Marshal of High Court
22.06.2021
Special Announcement
SALE OF MOTOR TANKER “M.T. KUTCH BAY”
In view of the current travel restrictions being imposed by the Government of Sri Lanka due to Covid 19
Pandemic situation, this Public Auction will not be held on 11.06.2021 as scheduled.
A new date for the public auction will be published on this web site later.
We regret for the inconvenience caused by this postponement. Due this unavoidable circumstance.
NOTICE
SALE OF MOTOR TANKER “M.T. KUTCH BAY”
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. 15/2020, M.T. KUTCH BAY (IMO No – 9169536, Type – OIL TANKER, GRT/NRT – 57,943/ 31,693) year built 1997 now lying at the outer anchorage, Port of Colombo will be sold in it’s existing state/condition by public Auction on 11th June 2021 at 2.30 p.m. at the premises of the Commercial High Court of Colombo No.3 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.T. “KUTCH BAY” is in it’s existing condition “as it is” and it shall be deemed that all bidders have inspected and examined the said Motor Tanker. 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 Tanker.
All bids will be subject to the final approval of the Commercial High Court.
Further details regarding the Motor Tanker can be obtained upon written request to the Marshal.
Vessel details can be download by clicking on here.
MARSHAL OF THE HIGH COURT OF COLOMBO
1ST FLOOR, BRISTOL PARADISE BUILDING,
43/89, YORK STREET,
COLOMBO 01.
SRI LANKA.
TELEPHONE : +9411 2441429 / +9411 2435127
FAX NO : +9411 2430277
Website : www.dgshipping.gov.lk
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