Sale of Boldini Vessels-BRAVO V VI VII 09092021.pdf

U.S. Department of Transportation

1200 New Jersey Ave, S.E.

Washington, D.C. 20590

MARITIME

ADMINISTRATION

Sale of the Platform Supply Vessels BRAVO FIVE, SIX, and SEVEN Updated 09/09/2021

Vessels for Sale

BRAVO FIVE (ex-BRAVANTE V) IMO# 9645619, a Platform Supply Vessel (GRT/NRT: 3,378 MT/1,088MT; DWT: 4,500MT) presently laid up at Beaumont, TX (USA), propelled by two 690 VAC electric motors driving two Schottel Combi-Drives SCD 2020 Single Fixed Pitch Propellers with Nozzles rated at 2,500 kW at 750 rpm each for a total of 6,700 Hp. Schottel also provides two STT 4 Fixed Pitch Reversing Tunnel Thrusters rated at 1,180 kW at 1,170 rpm, each with direct coupled Hyundai 690VAC electric motors, built in 2013 by Eastern Shipbuilding Group is available for sale on “as is where is” basis.

BRAVO SIX (ex-BRAVANTE VI) IMO# 9645621, a Platform Supply Vessel (GRT/NRT: 3,378 MT/1,088MT; DWT: 4,500MT) presently laid up at Beaumont, TX (USA), propelled by two 690 VAC electric motors driving two Schottel Combi-Drives SCD 2020 Single Fixed Pitch Propellers with Nozzles rated at 2,500 kW at 750 rpm each for a total of 6,700 Hp. Schottel also provides two STT 4 Fixed Pitch Reversing Tunnel Thrusters rated at 1,180 kW at 1,170 rpm, each with direct coupled Hyundai 690VAC electric motors, built in 2013 by Eastern Shipbuilding Group is available for sale on “as is where is” basis.

BRAVO SEVEN (ex-BRAVANTE VII) IMO# 9645633, a Platform Supply Vessel (GRT/NRT:

3,378 MT/1,088MT; DWT: 4,500MT) presently laid up at Beaumont, TX (USA), propelled by two 690 VAC electric motors driving two Schottel Combi-Drives SCD 2020 Single Fixed Pitch Propellers with Nozzles rated at 2,500 kW at 750 rpm each for a total of 6,700 Hp. Schottel also provides two STT 4 Fixed Pitch Reversing Tunnel Thrusters rated at 1,180 kW at 1,170 rpm, each with direct coupled Hyundai 690VAC electric motors, built in 2014 by Eastern Shipbuilding Group is available for sale on “as is where is” basis.

DETAILS

Eastern Shipbuilding Group (the “Shipyard”) built BRAVO FIVE, BRAVO SIX, and BRAVO SEVEN (the “Vessels”) at a cost of $55 million per. The Maritime Administration (MARAD) took custodial possession of them after being in service with Boldini LTD. The formerly ABS-classed Vessels are laid up at MARAD’s Beaumont Reserve Fleet Anchorage, Beaumont, TX, in preservation status since taking possession. The Vessels are unused since anchoring there. MARAD is aware of no additional liens. The Vessels are available for inspection by any party at their own expense at a date and time mutually agreeable to any potential offeror (the “Offeror”) and MARAD. The Vessels are offered for sale on an “as is, where is” basis.

The above particulars of the Vessels are on an "as is where is basis" are being furnished without any guarantee. The Offeror must ensure that any/all clarifications of the above particulars are made before submitting their offer. MARAD will not entertain claims of any nature from the Offeror after submission of their offer.

THE AWARD OF THE SALE(S) AND PURCHASE ARE BASED ON THE BEST OFFER

MADE TO MARAD. MARAD WILL TAKE INTO ACCOUNT: PRICE; NUMBER OF

VESSELS PURCHASED BY ONE OFFEROR (PREFERENCE GIVEN TO OFFEROR

PURCHASING ALL THREE OF THE VESSELS); TIMEFRAME IN WHICH OFFEROR CAN

TAKE DELIVERY OF VESSEL, ASSOCIATED COSTS, AND ANY OTHER ASPECTS IN

THIS REGARD.

All offers are due thirty days after the initial posting of this invitation to offer (“Closing Date”), for the sale.

1. MARAD enclosed herewith a blank offer form along with terms and conditions for the purchase of the Vessels. If interested in purchasing one or more of the Vessels, submit an offer by the Closing Date in the manner as described in the attached sale form.

2. Please note the following with respect to this sale and purchase:

a) Delivery of the Vessel(s) takes place at the Beaumont Reserve Fleet Anchorage, Beaumont, TX (USA) (“Beaumont RRF”) in substantially the same condition as when inspected;

b) Offeror submissions to MARAD are no later than 5PM EST on 9/20/2021. Each offer must be delivered in a sealed envelope to Mr. David M. Gilmore at the US Department of Transportation, Maritime Administration, Room W23-321, 1200 New Jersey Avenue, SE, Washington DC 20590;

c) MARAD will communicate the acceptance of the offer to the successful Offeror (the “Buyer”) by fax or e-mail, subject to the Maritime Administrator’s approval, within thirty

(30) days from the Closing Date. After notification of MARAD’s acceptance, the Buyer has sixty (60) days for transferring the funds to MARAD and taking delivery of the Vessel(s). All costs incurred by MARAD for docking and maintaining the Vessel(s) after the earlier of delivery of the Vessel(s) or this sixty (60)-day period are the Buyer’s responsibility;

d) MARAD is not bound to accept the highest offer, or any offer, and reserves the right to not sell the Vessel(s), or defer the finalization of sale of the Vessel(s);

e) For the sale transaction(s), all additional expenses including transferring ownership of the Vessel(s) are borne and paid for by the Buyer;

f) Purchases are cash only. No financing with MARAD;

g) Buyer shall pay for any layup costs for the Vessel(s) between execution of a sale contract and removal of the Vessel(s) from Beaumont RRF;

h) No warranty of condition of the vessel (i.e. as is, where is), only a warranty as to title of the Vessels; and

i) As a matter of policy, MARAD does not sell foreclosed assets back to a defaulting borrower, holders of significant equity in the defaulting borrower, or other related persons or entities for less than the amount due under the relevant mortgage.

Note:

1. Offers must be submitted no later than 5pm EDT on October 20, 2021. No offer will be accepted after 5pm EDT.

2. The Buyer may inspect and drydock the Vessel at its own risk and expense upon placement of insurance coverage acceptable to MARAD. The Buyer may not assign its right to buy the Vessel without MARAD’s consent.

MARITIME ADMINISTRATION

INVITATION TO BID REGARDING SALE AND PURCHASE, PLUS GENERAL TERMS &

CONDITIONS FOR THE SALE AND PURCHASE, OF VESSEL ON “AS IS WHERE IS” BASIS

SALE AND PURCHASE OF

BRAVO FIVE BRAVO SIX BRAVO SEVEN

THE TERMS AND CONDITIONS DULY

SIGNED ON EACH PAGE SHOULD BE

SENT ALONG WITH OFFER AS EVIDENCE OF

UNCONDITIONAL ACCEPTANCE THEREOF

TERMS AND CONDITIONS for sale of the vessel named “BRAVO FIVE”, “BRAVO SIX”, and “BRAVO SEVEN” (the “Vessels”) belonging to the Maritime Administration (MARAD) on an "as is where is” basis.

Instructions to Purchasers

(A) This ‘Invitation to Bid’ issued by the owner of the Vessels, MARAD, is to any interested Offeror.

(B) Those parties interested in buying the Vessel(s) should give their offer. They are not entitled in assigning their right to buy the Vessel(s) to any third party or nominate any third party. In other words, the benefit of an offered accepted by MARAD is only for the successful Offeror and not any third party.

(C) The Offeror shall submit their credentials along with their offer and shall give in detail their name and address (including fax number/e-mail, etc.) to where MARAD sends notices and other correspondence. It is the responsibility of the Offeror of ensuring that the information given is correct. Offeror must communicate any change in contact information to MARAD immediately. Offeror is solely responsible for any consequences arising from non-receipt of notice or any other correspondence due to nonfunctioning of the mentioned address.

(D) Offeror must mark the cover and subject “Sale for Purchase of BRAVO (Whichever of the Vessels Desired)” along with name and full style address of the Offeror. Deliver each offer in a sealed envelope to David M. Gilmore at the US Department of Transportation, Maritime Administration, Room W23-321, 1200 New Jersey Avenue, SE, Washington DC 20590 by 5PM EST on October 20, 2021.

(E) Any correction or amendment of an offer made before the Closing Date shall be attested by the Offeror under the full signature of a person authorized to sign such correction or amendment prior to the Closing Date. In case there is any discrepancy in the price offered in figures and in words, then the higher of the two is considered as the validly offered price.

(F) MARAD may reject any offers that stipulate any subjective clause or that are incomplete in any respect.

(G) MARAD advises that the Offeror seek clarification, if required, on any of the clauses and terms and conditions of sale, or regarding the Vessel(s), her particulars, equipment, and all documents, at least 24 hours prior to submission of their offer. MARAD will not entertain any disputes in this regard after submission of the offer by the Offeror. The successful Offeror will not raise any dispute regarding the terms and conditions of the offer or about the particulars of the Vessel(s) or contest the same once the offeror is declared as the Buyer of the Vessel(s).

TERMS & CONDITIONS:

1. MARAD and the Buyer will enter into an agreement within fifteen (15) days of MARAD’s acceptance of the offer.

2. The Vessel(s) particulars are listed in the attached ‘Vessel Specification Sheet’ for reference, but without any guarantee. Before submitting an offer, Offerors should satisfy themselves by conducting a physical inspection of the Vessel(s) and classification records.

3. Submission of an offer are deemed as a representation that the Offeror conducted an inspection of the Vessel(s) and classification records, and the Offeror accepted the same without any reservation.

4. MARAD is not required to accept the highest offer or any offer or to provide any reasons for non-acceptance. MARAD also reserves the right to not sell the Vessel(s) at all or defer/cancel finalization of the sale. MARAD also reserves the right to have, at its sole discretion, individual negotiations with the Offeror.

5. The Vessel(s) shall be and remain in every respect at the entire risk of the Buyer after the delivery of the Vessel(s) to the Buyer.

6. The delivery of the Vessel(s) may include the fuel oils/lubricating oils remaining onboard at the time of delivery on an “as is where is” basis (without any guarantee of quality) and determination of quantities are by joint survey during delivery of the Vessel(s) to the Buyer.

Please note that cost of all unused oil in drums (even where seal is broken)/elsewhere is chargeable to the Buyer. The actual cost of oils remaining onboard will be calculated at the price prevailing at the port of delivery (as applicable to MARAD as the seller) and on the date of delivery of the Vessel(s).

7. The Buyer shall comply with all necessary requirements and required procedures followed for transfer of the Vessel(s) to the Buyer’s ownership.

8. The Buyer shall undertake erasing the Vessel(s) particulars including: name; call sign from electronic memory of EPIRBs; and all other radio communication equipment onboard immediately after delivery of the Vessel(s) for preventing transmission a false alarm. The Buyer will be liable for any action taken by any federal, state, local, governmental and private authority due to the wrong activation of the EPIRBs.

9. As the Vessel(s) is delivered without drydocking, the Buyer shall have the option, at its cost and expense, for arranging for an underwater inspection at the Beaumont Reserve Fleet Anchorage by a mutually agreed upon diver prior to delivery of the Vessel(s).

10. Buyer shall pay for any layup costs for the Vessel(s) between execution of a sale contract and removal of the Vessel(s) from Beaumont RRF.

11. No warranty of condition of the vessel (i.e. as is, where is), only a warranty as to title of the Vessels.

BRAVO FIVE (ex-BRAVANTE V), BRAVO SIX (ex-BRAVANTE VI), and BRAVO SEVEN (ex-BRAVANTE VII)

VESSEL SPECIFICATION SHEET*

The Vessels are offshore ‘Platform Supply Vessels’ propelled by two 690 VAC electric motors driving two Schottel Combi-Drives SCD 2020 Single Fixed Pitch Propellers with Nozzles rated at 2,500 kW at 750 rpm each for a total of 6,700 Hp. Schottel also provides two STT 4 Fixed Pitch Reversing Tunnel Thrusters rated at 1,180 kW at 1,170 rpm, each with direct coupled Hyundai 690VAC electric motors. The 4-deck superstructure is located forward on the Vessels.

Years Built: 2013, 2013, 2014 Yard: Eastern Shipbuilding Group IMOs: 9645619, 9645621, 9645633

GRT/NRT: 3,378 MT/ 1,088MT

LOA: 86.5m BEAM: 18.29m

DEPTHMOULDED: 7.47M

MAX DRAFT: 5.90M

DWT: 4,5466 MT

PROPULSION: Z-Drive 2X2,500Kw BOWTHRUSTER: 2 x 1,1800 kw Tunnel

*Information contained herein is not guaranteed.

PLEASE ALL INFORMATION REQUESTED IN THIS OFFER FORM

From : (“Offeror”) Tel No :

Address: Fax. No:

E-mail :

Mobile :

To: Director, Office of Marine Financing

Re: Sale of BRAVO FIVE, BRAVO SIX, and BRAVO SEVEN (“Vessels”)

1. Purchase price offered for the above Vessel(s). This offer is for the Vessel(s) (circle all that apply): BRAVO FIVE, BRAVO SIX, and BRAVO SEVEN. The Offeror satisfied itself with the description of the Vessel(s) provided in the ‘Invitation to Bid’ and noted that these are given by MARAD without any guarantee whatsoever, whether for particulars or any other description of the Vessel(s).

For BRAVO FIVE: USD (Excluding cost of all oils ROB etc.)

For BRAVO SIX: USD (Excluding cost of all oils ROB etc.)

For BRAVO SEVEN: USD (Excluding cost of all oils ROB etc.)

2. Validity: Thirty (30) days from , 2021.

The Offeror hereby agrees to abide by and fulfil the terms and conditions set out in the INVITATION

TO BID REGARDING SALE AND PURCHASE, PLUS GENERAL TERMS & CONDITIONS

FOR THE SALE AND PURCHASE, OF THE VESSEL(S) ON AN “AS IS WHERE IS BASIS”,

which shall be deemed to form part of this offer and the Offeror submits herewith one copy thereof duly attested to on each page as evidence of Offeror’s acceptance. The Offeror agrees that the delivery of the Vessel will be on an “as is where is” basis. The Offeror agrees that the Offeror shall be liable for all fees associated with the transfer. The Offeror acknowledges that MARAD’s acceptance of this Offer is subject to the Maritime Administrator’s approval, and any acceptance will be communicated to Offeror by fax or e-mail within the above validity period of thirty (30) days, which may be extended at the discretion of MARAD. The Offeror further agrees to take ownership of the Vessel no later than sixty (60) days after receiving MARAD’s acceptance of this Offer.

3. The Offeror represents that it appropriated funds that currently are, and remain, available for paying the Vessel(s) purchase price set forth above.

SIGNATURE OF THE OFFEROR

FULL NAME & ADDRESS

(IN CAPITAL)

TELE. NO.

E MAIL

FAX NO.

DATE

ACCEPTED:

SIGNATURE

1200 NEW JERSEY AVE, SE

WASHINGTON, D.C., 20590

TELE. NO.

E MAIL

FAX NO.

DATE