More than 20 derelict vessels and yachts will be auctioned off in June by the Virgin Islands Shipping Registry (VISR).
This according to a joint media release by the Ministry of Finance and VISR, which revealed that bidding will officially commence in the first week of June.
“Bidding starts on Monday, June 3 and the last date to send bids is June 10. We are encouraging interested bidders to review the conditions of sale prior to purchasing any of the vessels/yachts as vessels would be sold ‘as is’ and without warranty,” said Captain Raman Bala who is the acting Director of VISR and Receiver of Wrecks.
Sealed bids must be signed and should include the address, full name and valid telephone number of all bidders and “should be addressed and delivered to the Ministry of Finance, Procurement Unit, Qwomar Trading #2, Second Floor, Blackburn Road, Tortola, VG1110, Virgin Islands (British) in a sealed envelope marked, ‘Auction of Derelict Vessels‘ no later than noon on Monday, June 10.”
All persons successful in their bidding once notified will have up to 48 hours to pay the bid and the bond amount via a banker’s cheque and will have up until June 30 to remove the vessel to a location of their choosing.
All vessels which are not removed by the winning bidder by the date specified will automatically forfeit the ownership and rights of the vessel together with the bond amount and the vessel will be repossessed by the Receiver of Wrecks and disposed at their discretion.
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