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NOTICE OF PUBLIC AUCTION & SALE OF VESSEL

NOTICE OF PUBLIC AUCTION & SALE OF VESSEL
in the British Virgin Islands.
The following vessel is being sold pursuant to the Order of the High Court dated 14th December 2010 in BVIHAD 2010/002:

52' fiberglass twin turbo diesel catamaran built in New Zealand by Oliver Marine Corp. in 2000.

Hull ID No. NZOHINC509L000.
The reserve price of the vessel is $205,000 USD. bidder or proxy must physically appear at auction, (no write-in bids).

Auctioneer is usually a Bailiff or High Court official, minimum bid is the reserve, winning bidder must pay 10% within a week of auction and balance within a month of the auction.

Winning bidder must sign a contract agreeing to this payment schedule, winning bidder forfeits 10% deposit if balance not paid on time.

The Sale will be conducted by public auction by the Registrar, High Court in the Conference Room of the High Court Registry, Main Street, Road Town, Tortola, British Virgin Islands, on Friday 18th May 2012 at 10:00AM

You may contact the Registrar, Paula Ajarie, at the High Court for further information at 284-494-3492 or Email to jburgess@virgintraders.com