1. Name and address of the property auction organizer: Song Pha Partnership Auction Company, Address: No.49, Street 22B, Residence area 586, Phu Thu Ward, Cai Rang Dist., Can Tho city and Company branch in Ha Noi city: Box 76, Orthopedic Tools Trading Company, Yen Hoa Ward, Cau Giay Dist., Ha Noi city.

2. Name, address of the person having the auctioned asset: Joint Stock Commercial Bank for Investment and Development of Vietnam - Long Bien Branch, Hanoi, 137A Nguyen Van Cu Street, Ngoc Lam Ward, Long Bien Dist., Ha Noi city.

3. Name of auctioned asset: The debt of East Sea Shipping Company Limited at Vietnam Joint Stock Commercial Bank for Investment and Development – Long Bien Branch, Ha Noi city. The collateral of the debt is: Biendong Victory ship; Headquarter of East Sea Shipping Company Limited in Ho Chi Minh city and Hai Phong city; Guarantee certificate number 136/CNT-TCKT.

Information of collateral:

-Biendong Victory Ship: Certificate of registration of Vietnamese seagoing vessel No. VN-2206-TD issued by Hai Phong Regional Ship Registry on November 29th, 2011. Ship type: Oil tanker; Year of closure: 2001; Place of residence: Japan; Total tonnage: 47,084 MT; Main engine / machine: MITSUI MAN - B&W.

-Company headquarters in Hai Phong: The whole 6-storey house at address: No. 86, Tran Hung Dao street, Dong Hai ward, Hai An district, Hai Phong city; construction area: 170.2 m2; usable area: 747.0 m2 according to the Certificate of Ownership of Housing and Land Use Right No. 030702NONO issued by Hai Phong City People's Committee on November 15, 2004.

-Company headquarters in Ho Chi Minh City: Office at: 84 - 86 Nguyen Truong To, Ward 12, District 4, Ho Chi Minh City (08 floors + 01 basement + 01 mezzanine + terrace); Land area: 139,37 m2; Construction area: 108.95 m2; The total used floor area 1168.15 m2 according to the Certificate of ownership of construction works No. 79773272560010 issued by the People's Committee of Ho Chi Minh City on June 24, 2009 under the name of East Sea Shipping Company.

4. Starting price: 114.070.517.819 VND (In word: One hundred and fourteen billion, zero hundred seventy million, five hundred seventeen thousand, eight hundred and nineteen dong).

The starting price does not include any costs related to the transfer of ownership/use rights of the property, registration fees and other costs (if any) when making the purchase of the Debt. These costs are borne by the auction winner. The purchase and sale of the Debt are not subject to VAT.

5. Down payment: Auction participants must deposit a down payment during business hours on November 3rd, 2020, the deposit amount is 5.703.525.891 VND (In word: Five billion, seven hundred and three million, five hundred twenty five thousand, eight hundred and ninety one dong), equivalent to 05% of the starting price of the auctioned asset in this case). Clients can deposit money into the account of the Song Pha Partnership Auction Company -  Bank account number: 0111000331444, at Joint Stock Commercial Bank for Foreign Trade of Vietnam - Can Tho Branch (Vietcombank Can Tho). 

- Price step: 50.000.000 VND

6. Time and place for sale of dossiers, auction participation registration, auctioned property viewing: Time and place for sale of dossiers, auction participation registration (during office time) continuously from the date of announcement till the end of November 3rd, 2020 at Song Pha Auction Company and its branch in Hanoi.

Clients registering for participation in the auction are allowed to view the property or documents for property ownership and relevant documents from the date of notice posting to the end of November 3rd, 2020.

7. Dossiers fee for auction registration: 500.000 VND/document set (Five hundred thousand dong only).

8. Time, venue for property auction: on November 4th, 2020 at 9AM at Vietnam Joint Stock Commercial Bank for Investment and Development – Long Bien Branch, Ha Noi city.

 9. Auction type: Bid directly verbally at the auction.

10. Auction method: Price development.

11. Conditions and methods of auction participation:

- Conditions for registration for the participation in the property auction (debt):

a. Individuals, organizations register for the participation in the auction through submitting valid auction participation documents and a deposit to the Song Pha Auction Company (hereinafter referred to as the Company).

b. A participant for property auction is not a person who is not eligible to participate in the property auction as prescribed in Clause 4 Article 38 of the Law on Property Auction 2016 and other relevant laws.

c. In case the law provides for conditions when participating in an auction, auction participants must satisfy such conditions.

d. Auction registrant must provide relevant information of organizations and individuals to the Duplex Auction Company when registering to participate in the auction (in the form issued by the Company).

- Registration method to participate in the auction: Submit documents directly at the headquarter of the Song Pha Auction Company or at its branch in Hanoi.

 Organizations, individuals wish to register for participation in the property auction or require for further details, please contact Song Pha Partnership Auction Company. No.49, Street 22B, Residence area 586, Phu Thu ward, Cai Rang Dist., Can Tho city.

 * Telephone numbers: 0292. 3918.819 – 0.8888.39.012.