Entrusted by the Seller, our company (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 February 6th, 2026 (“Auction Day”), which is hereby announced as follows:

1. Auction Target:
This Auction is for the BOURBON LIBERTY 320 with her Bareboat Charter, particulars as follows:
Vessel Name: BOURBON LIBERTY 320 (hereinafter referred to as the “Vessel”);
IMO Number: 9619206;
Vessel Type: AHTS (Anchor Handling Tug Supply);
Primary Flag Registration: Saint Vincent And The Grenadines;
Classification Society: BV;
Navigation Area: Unrestricted navigation;
Class Notation: I Hull Mach
Tug Supply vessel Fire fighting ship 1-water spraying Oil recovery ship Special service / Anchor Handling LHNS -oil product
Unrestricted navigation
COMF-NOISE 3,COMF-VIB 1,AUT-UMS, CLEANSHIP 1, PROTECTED FO TANK, DYNAPOS AM/AT R
LOA/MLB/MLD:  65.75m x 16.00m x 6.00m;
GRT/NRT: 2245/673;
Deadweight Tonnage: 1902t;
Summer Draft: 5.07m;
Azimuth Propeller: SP20D, 1685kW x 3 sets;
Main Generator: CAT 3516C, 2000kW x 3 sets;
Emergency Generator: Cummins QSM11-D(M), 276kW x 1 set;
Bow Thruster: BFTT316, 560kW x 2 sets;
Fire Fighting: FiFi 1;
Dynamic Position: DP2;
Bollard Pull: Abt 80t;
Built Year/Shipyard: 2014/Zhejiang Shipbuilding Co., Ltd;
Deck Area: 400m2; Deck loading: 5t/m2;
F.O.Tank: 752.17m3; F.W.Tank: 442.96m3;
B.W.Tank: 1090.91m3; Mud Tank: 692.4m3;
Last SS Date: May 28, 2024; Last AS Date: April 1st, 2025;
Next SS Date: January 9, 2029;
Remark: The vessel has been operating well since its delivery and the latest operational record is from November 2017 till January 2026. She was employed by one top oil&gas company offshore Ivory Coast. She has returned to, be berthed in Abidjan, Ivory Coast.
(The information in relation to the Vessel provided in this Announcement, the Special Provisions and its annexes (if any) is for reference only.)
For details of the Bareboat Charter in respect of the Vessel, please refer to the Special Provisions (5. Other Disclosures).

2. Bidding Rules:
(1) In this Announcement, the following capitalized terms shall have the following meaning:
“Auction Confirmation” means the purchase confirmation signed by the successful bidder (the “Buyer”) and submitted to the Bidding Company after the Auction Day, confirming the purchase price of the Vessel, payment of auction service fee and other related fees, and performance of other obligations in relation to the purchase of the Vessel as specified in this Announcement, the Special Provisions or relevant annexes.
“Banking Day” means a business day (excluding Saturdays and Sundays) on which banks are open for general business at the places where the Seller, the Bidding Company and the Escrow Agent are registered, as well as the locations of their respective account-opening banks.
“Special Provisions” means the special provisions published separately on the Shipbid website (www.shipbid.net), the contents of which also apply to this Announcement.
“Person” includes any individual, company, corporation, enterprise, government, state or agency of a state or any association, trust, joint venture, consortium or partnership.
“Escrow Agent” means Zhejiang Shipping Exchange Co.,Ltd. or Shipbid (Singapore) Shipping Exchange Pte. Ltd., to be agreed jointly by the Seller and the Buyer after completion of the Auction.
(2) The Auction has a reserve price (the reserve price being the starting price, hereinafter collectively referred to as the “Starting Price” / “Reserve Price”). If only one bidder registers for the Auction, such bidder shall be determined as the Buyer on the Auction Day, with the purchase price being the Starting Price. If two or more bidders register for the Auction, the Buyer shall be determined during the course of the Auction. There is no right of first refusal in this Auction.
(3) Starting Price / Reserve Price: US$7.0million; Bidding Deposit: If the bidders pay US dollar, the Bidding Deposit is 10% of the Starting Price. If the bidders pay RMB, the Bidding Deposit is the Starting Price x 10% x 7.2. Each increment of the bidding price shall be in an integer multiple of US$20000.
(4) The Auction will commence from 1600 hours on the Auction Day (Beijing Time) will continue until 1625 hours on the Auction Day (Beijing Time) after which time (A) if there is no new bid offered 5 minutes thereafter, the Auction will be deemed completed or (B) if there are further bids after 1625 hours then the Auction will only be deemed completed when 5 minutes elapses from the time of the last entered bid.
(5) The Bidding Deposit of unsuccessful bidders will be refunded within two (2) Banking Days after the end of the Auction, and each such Bidding Deposit will not accrue any interest. Bank or other charges incurred in relation to the remittance of each Bidding Deposit shall be borne by the relevant unsuccessful bidders.
(6) The successful bidder shall sign and submit the signed Auction Confirmation to the Bidding Company by email on the same day when the Auction is concluded (the “Bidding Confirmation Day”), and within two (2) Banking Days after the Bidding Confirmation Day, submit six (6) signed originals of the Auction Confirmation (the date shall be determined by the courier waybill number) to Bidding Company. If the successful bidder pays the Bidding Deposit in RMB (the “RMB Bidding Deposit”), it must remit the USD-denominated Bidding Deposit to the bidding deposit account of designated by the Bidding Company within three (3) Banking Days after signing the Auction Confirmation. The Bidding Company shall thereafter refund the RMB Bidding Deposit (without interest) previously paid by the successful Buyer via the original payment route within two (2) Banking Days after receiving the USD-denominated Bidding Deposit.
(7) The time of this auction activity shall be subject to Beijing time (unless otherwise expressly stated).

3. Registration Requirements:
(1)  The potential bidders may each register to participate in the Auction at any time from the date of this Announcement to the time the Auction starts on the Auction Day but will only be treated as or deemed to have successfully registered for the Auction when the Bidding Company has received its Bidding Deposit and such potential bidder has completed the registration for the Auction on the auction website and has been provided with an auction number plate.
It is therefore recommended that each potential bidder pays the Bidding Deposit and completes the registration 3-5 Banking Days in advance of the Auction Day to avoid missing registering in time for the Auction. No registration will be accepted after the 16:00 (Beijing Time) of the Auction Day.
After successful registration (as evidenced by obtaining an auction number plate), the potential bidders shall be deemed to be fully aware of and to have accepted and complied with (and will continue to comply with) the provisions of this Announcement, the ancillary bidding rules, special provisions and relevant annexes.

(2)  This Auction is open to any person who is duly incorporated and in good standing and registers successfully in accordance with this Announcement. None of the potential bidders, their affiliates and actual controllers, directors, senior officers or employees:
a)shall be subject to or affected by Sanctions or in breach of Sanctions provisions;
b)is a Prohibited Person, or is otherwise owned or controlled by or act directly or indirectly on behalf of or for the benefit of, a Prohibited Person; or
c)owns or controls a Prohibited Person, or is an affiliate, actual controller, directors, senior officers or employees of a Prohibited Person,
and in this Clause,
“Prohibited Person” means any person who is the subject of Sanctions (whether designated by name or by reason of being included in a class of persons to whom the applicable Sanctions apply in accordance with their terms); and
“Sanctions” means any sanctions, embargoes, freezing provisions, prohibitions or other restrictive laws, regulations, or measures related to trade, commerce, investment, export, financing or asset provision (or other activities similar to or connected with any of the foregoing) issued by the United Nations, the People’s Republic of China, the United States of America, the United Kingdom, the European Union and the respective governmental departments and institutions of any of the foregoing (including but not limited to the Office of Foreign Assets Control of the United States Department of Treasury (OFAC), the United States Department of State, and the Office of Financial Sanctions Implementation (OFSI) of His Majesty’s Treasury (HMT), etc.).
Further, all potential bidders should be capable of making payments in US Dollars (subject to receipt by the Escrow Agent) as required under this Announcement (and during the process of or after the completion of the Auction, each potential bidder shall provide relevant explanations or supporting materials as reasonably requested by the Bidding Company) and shall be in compliance with the sanctions provisions in the Bareboat Charter, Deed of Novation and Memorandum of Agreement (MOA) (each as defined in the Special Provisions) and must execute the sanctions undertaking (in the form provided in the Special Provisions, i.e. the “Undertaking for Sanctions Compliance”).

(3) Bidders are required to submit the following documents during registration (including but not limited to):
1) Domestic bidders in China (e.g., Chinese citizens, nationals, or enterprises registered in mainland China (excluding Hong Kong, Macao and Taiwan)):
● Scanned copy of the business license (with official seal)
● Scanned copy of the ID card and/or passport of the legal representative (with official seal)
● Register of Directors and scanned copies of ID cards and/or passports of all directors
● Register of Members and scanned copies of ID cards and/or passports of all shareholders
● If a shareholder is a corporate entity, a corporate structure chart and scanned copies of ID cards and/or passports of all ultimate beneficial owners must be provided
● Scanned copy of the ID card and/or passport and Power of Attorney (if any, with official seal) of the agent
● Undertaking for Sanctions Compliance and Undertaking for Bidding (see attachments for details)
● Bank slip or other documentary evidence (acceptable to the Bidding Company) that the Bidding Deposit has been paid

2) Overseas bidders:
● Certificate of Incorporation
● Articles of Incorporation
● Certificate of Incumbency or equivalent showing names of all directors and shareholders
● Copy of all Directors’ Passports
● Copies of all shareholders’ passports
● If any shareholder is a corporation, an organization chart showing names of all ultimate beneficial shareholders (“UBO”)
● Copies of all UBO’s passports (if any)
● An executed Undertaking for Sanctions Compliance representing and undertaking that it has and will comply with (and not in breach of) Sanctions, and an executed Undertaking for Bidding
● Bank slip or other documentary evidence (acceptable to the Bidding Company) that the Bidding Deposit has been paid
● Detail of bank account for payment and reception

4. Inspection Schedule and Place:
The inspection arrangements will be notified separately, please contact the Bidding Company for details.
Potential bidders may arrange for Vessel inspections during the designated inspection period and shall bear all costs, risks and liabilities related to inspection during the process. The Seller is only responsible for coordination. Potential bidders who fail to participate in the physical inspection during the designated inspection period yet completed the registration procedure shall be deemed to have fully understood and accepted all conditions of the Vessel, including but not limited to all known and unknown defects related to the Vessel’s class, Vessel’s certificates and the Vessel’s conditions, etc. Potential bidders shall not raise any objections to the quality or other defects or any condition whatsoever of the Vessel for any reason whatsoever at any time.  The successful bidder is deemed to have accepted the condition of the Vessel currently and shall not need or request for any physical inspection of the Vessel.

5. Bidding Deposit Account (Choose One of the Following):
(1) USD Deposit Account 1：
● Beneficiary: Zhejiang Shipping Exchange Co., Ltd.
● Beneficiary Address: 6th Floor, Zhoushan Bulk Commodity Exchange Center No.555 Wengshan Road Lincheng, Zhoushan, City, Zhejiang, P.R. China
● Account No.: 3420 0200 1142 0100 0321 30
● SWIFT (Beneficiary Bank): ZJCBCN2N
● Beneficiary Bank: China Zheshang Bank
● Beneficiary Bank Address: No.88, Lv Dao Road, Dinghai Dist., Zhoushan City, Zhejiang Prov., P.R. China
● Remittance Reference: BOURBON LIBERTY 320

(2) USD Deposit Account 2:
● Beneficiary: SHIPBID (SINGAPORE) SHIPPING EXCHANGE PTE. LTD.
● Beneficiary Add: 3 TEMASEK AVENUE #27-02 CENTENNIAL TOWER SINGAPORE 039190
● Account No.: 072-124228-1
● SWIFT (Beneficiary Bank): DBSSSGSG
● Beneficiary Bank: DBS Bank Ltd Singapore
● Remittance Reference: BOURBON LIBERTY 320

(3) 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

6. Contact Information:
Mr. Stephen Gao: +86 18058087033
[email protected]
Ms. Vivian Wang: +86 18267365565
[email protected]
Ms. Wendy Wen: +86 18058087023
[email protected]
Mr. Mike Zhang: +86 18058087022
[email protected]
Email: [email protected]
Source: Shipbid