The general cargo ship MAR 4 (IMO 9038426), flying the flag of Tanzania, is set for public auction in Limassol on September 19, following an order from the Supreme Court of Cyprus in its Admiralty Jurisdiction.
Mar 4: Ship Specifications
Built in 1992, the MAR 4 is currently berthed at Vasiliko anchorage. The vessel has a gross tonnage of 1,882 and a net tonnage of 1,172, measuring 88.2 metres in length and 13.5 metres in breadth. It is powered by a Yanmar diesel main engine, type MF29-ST, which delivers 1,177 kW, and features two Yanmar diesel generators, type S165L-DN.
Auction Details
The Admiralty Marshal’s Office has confirmed that the ship will be sold as is, where is, free of all liens and encumbrances. The auction is scheduled to begin at 10 am at the third-floor conference room of the Shipping Deputy Ministry’s main building on Kyllinis Street, Mesa Yeitonia.
Appraisal and Bidding Process
The MAR 4 has been appraised at €450,000, and the sale will go to the highest bidder, provided the bid meets or exceeds this amount. The successful bidder will be required to pay a deposit of €45,000 immediately by banker’s draft in favour of the Admiralty Marshal. The remaining balance must be settled within ten business days, either by banker’s draft or SWIFT transfer, in exchange for the Bill of Sale and the Protocol of Delivery and Acceptance.
If the highest bid is below the appraised value, the same deposit requirement will apply, but the sale will need court approval. Should approval not be granted, the €45,000 deposit will be refunded.
Inspection and Inquiries
The Admiralty Marshal’s Office has stated that further details regarding inspection and additional information about the vessel are available on request. Interested parties can reach out to Admiralty Marshal Athena Chrysostomou at the Admiralty Court Marshal’s Office in Limassol via telephone (+357 25 84 82 27), fax (+357 25 84 82 00), or email ([email protected]).
