Bidding Announcement of 4917t Oil Tanker "LONG MEI"

International Shipping News, 31/08/2026

Entrusted by the Sellers, the Bidding Company is scheduled to conduct an online public auction on the Shipbid website (www.shipbid.net) from 16:00 to 16:30 on September 16th, 2026 (Beijing Time) (the "Bidding Day"), as announced below. Ship auctions of this kind are a common route for secondhand tonnage changing hands in the spot market, and the 30-minute online window with a rolling five-minute extension mechanism is standard practice on electronic ship-trading platforms, allowing bidders to respond to late counter-offers.

1. Bidding Target

• Vessel Name: LONG MEI (IMO Number: 1061348)
• Vessel Type: Oil Tanker
• Port of Registry: San Lorenzo
• Flag: Republic of Honduras
• Class: NASHA
• Length/MLB/MLD: 103.95m x 15.00m x 7.70m
• GRT/NRT: 3726/1982
• Deadweight: 4917t
• Loaded Draft (Summer): 6.35 m
• Lightship Displacement: 2477.2t
• Cargo Oil Tanks: 10
• Slop Tank: 1
• Tank Capacity (including slop tank): 6952.69 m3
• Cargo Pumps: 2 screw pumps, 600 m3/h each
• Main Engine: Guangzhou Diesel Engine Factory, model 8320ZCd-4, 1 set, 1765 kW @ 500 r/min
• Date of Delivery: 8th December 2004
• Builder: Zhejiang Yueqing Changhong Shipbuilding Co., Ltd.
• Remark: The vessel is currently in service. It shall complete its Intermediate Survey within the three-month window around 30 May 2027, and its Special Survey prior to 30 May 2029. (The information relating to the Vessel provided in this Announcement, the Special Provisions and any annexes is for reference only.)

Delivered in December 2004, the vessel will be approaching 22 years of age at the time of the auction, an age at which survey and drydocking costs typically weigh heavily in a buyer's valuation. The pending Intermediate Survey due around May 2027 and the Special Survey due before May 2029 are therefore notable factors bidders will need to price into their offers.

2. Bidding Rules

2.1 This Bidding will be held without a reserve price. If only one bidder registers, that bidder shall be determined as the Buyer on the Bidding Day, with the purchase price being the Starting Price. If two or more bidders register, the Buyer shall be determined during the course of the Bidding. There is no Right of First Refusal in this Bidding.

The absence of a reserve price means the vessel can be sold at or above the USD 1.7 million starting price regardless of the final bid level, a structure that shifts price discovery entirely to the registered bidders.

2.2 The Starting Price is USD 1.7 million; the Bidding Deposit is USD 0.17 million (or RMB 1.2 million). The Bid Increment shall be in an integer multiple of USD 5,000.

2.3 The Purchase Price shall be settled in USD. If a Buyer paid the Bidding Deposit in RMB, that Buyer shall pay another USD 0.17 million separately to the Bidding Company's designated USD Deposit Account within three (3) Banking Days after the Auction Confirmation has been signed. The Bidding Company shall return the RMB Bidding Deposit previously paid by that Buyer via the original payment channel within two (2) Banking Days after receipt of the USD Bidding Deposit (without interest).

2.4 The Bidding Deposit of unsuccessful bidders will be refunded within two (2) Banking Days after the end of the Bidding, and no interest will accrue on any such deposit. Bank or other charges incurred in relation to the remittance of each Bidding Deposit shall be borne by the relevant unsuccessful bidders.

2.5 The Bidding will commence at 1600 hours on the Bidding Day (Beijing Time) and continue until 1625 hours (Beijing Time), after which: (A) if there are further bids after 1625 hours, the Bidding will only be deemed completed when 5 minutes have elapsed from the time of the last entered bid; or (B) if no new bid is offered 5 minutes thereafter, the Bidding will be deemed completed.

2.6 "Banking Day" means a business day (excluding Saturdays and Sundays) on which banks are open for general business at the places where the Sellers, the Bidding Company and the Escrow Agent are registered, as well as the locations of their respective account-opening banks. The time of this bidding activity shall be subject to Beijing Time (unless otherwise expressly stated).

3. Registration Requirements

3.1 Potential bidders may register to participate at any time from the date of this Announcement until immediately before the Bidding starts on the Bidding Day. However, they will only be treated as having successfully registered once the Bidding Company has received the Bidding Deposit, the potential bidder has completed registration on the bidding website, and a bidding number plate has been provided. It is therefore recommended that each potential bidder pays the Bidding Deposit and completes registration 3-5 Banking Days in advance of the Bidding Day to avoid missing the registration deadline due to unexpected delays. No registration will be accepted after 16:00 (Beijing Time) on the Bidding Day. After successful registration (as evidenced by obtaining a bidding number plate), potential bidders shall be deemed to be fully aware of, and to have accepted and complied with (and to continue to comply with) the provisions of this Announcement, the ancillary Bidding rules, Special Provisions and relevant Annexes.

3.2 This Bidding is open to any enterprise or organization that is duly and legally incorporated, in good standing, and registers successfully in accordance with this Announcement.

3.2.1 "Overseas Buyers" refers to enterprise legal persons or other organizations incorporated outside the People's Republic of China (including Hong Kong, Macao and Taiwan).

3.2.2 Qualification Verification and Liabilities of the Buyers: The overseas qualification of the Buyers shall be subject to the final verification conclusion issued by the Auctioneer/Principal in accordance with the criteria set forth in Clause 1 above. The Buyers shall independently guarantee their lawful qualification to participate in the auction. Should the auction be rendered invalid, the Sales Confirmation fail to be executed, or vessel ownership transfer registration be unprocessable due to unqualified status, the Buyers shall bear all corresponding legal consequences and economic losses solely.

3.2.3 Bidders must ensure that they are not subject to any relevant sanctions imposed by China, the United Nations, the European Union, the United Kingdom or the United States, and have the ability to make and receive payments in US dollars. During or after the Bidding, bidders must provide relevant explanations or supporting documents in response to the reasonable requirements of anti-sanction and anti-money laundering reviews.

3.3 Bidders shall submit the following documents for registration (including but not limited to):

• Certificate of Incorporation
• Articles of Incorporation
• Certificate of Incumbency or the equivalent showing names of all directors and shareholders
• Copy of all directors' passports
• Undertaking for Bidding
• Undertaking for sanctions and anti-money laundering compliance
• Bank slip or other documentary evidence of bidding deposit

4. Inspection Schedule and Place

The inspection arrangements will be notified separately; please contact the Bidding Company for details. Potential bidders may inspect the Vessel within the stipulated time. All expenses, risks and responsibilities of the inspectors during the process shall be borne by the potential bidders, while the Bidding Company and the Sellers shall only be responsible for reasonable coordination work. Potential bidders who fail to participate in the on-site inspection yet complete the registration procedures within the prescribed inspection time shall be deemed to have fully recognized and accepted the status quo and defects of the Vessel, including but not limited to all known and unknown defects related to the Vessel's classification status, certificates and the Vessel's conditions and other matters. Potential bidders shall not raise any objection regarding the quality or other defects of the Vessel for any reason whatsoever.

This "as is, where is" inspection clause is standard in ship auctions and places the due diligence burden squarely on buyers, particularly significant for a vessel of this age.

5. Bidding Deposit Accounts

5.1.1 RMB Deposit Account

• Beneficiary: 浙江拍船网航运交易股份有限公司
• Account No.: 3420020010120100378739
• Beneficiary Bank: 浙商银行舟山分行

5.1.2 USD Deposit Account

• Beneficiary: SHIPBID (SINGAPORE) SHIPPING EXCHANGE PTE. LTD.
• Beneficiary Address: 36 Robinson Road, #21-01, City House, Singapore 068877
• Account No.: 072-124228-1
• SWIFT (Beneficiary Bank): DBSSSGSG
• Beneficiary Bank: DBS Bank Ltd Singapore
• Remittance Reference: LONG MEI

The dual RMB and USD deposit accounts, held by the Zhejiang Shipping Exchange in China and its Singapore-incorporated affiliate respectively, reflect the auction's outreach to both domestic Chinese and international bidders.

6. Contact Information

• Ms Pan: +86 13606589339 / 0574-87243887
• Ms Lin: +86 13646696072 / 0574-87243887
• Email: [email protected]

ZHEJIANG SHIPPING EXCHANGE CO., LTD.
SHIPBID (SINGAPORE) SHIPPING EXCHANGE PTE. LTD.
August 28th, 2026

Source: Shipbid