Diseño web y programación en Málaga - Agostudio

Judicial Sales

Upcoming Vessel Sales/Auctions


Monday, 8th May 2023

Cargo/Containership  AKKAZ

IMO No : 9411408
Current Port: SUEZ PORT
Vessel Type: Cargo/Containership
Year of Build: 2006
Total length: (LOA) 117 meters
Width: 19,7 meters
Basic Price: 25 million Egyptian Pounds
Place of Sale Procedures: Suez Court, Suez Governorate, Arab Republic of Egypt

*Date and time of commencement of sale operations: 08-05-2023 at 09.00
*the price to be remitted on the account in the name of the procedure to be indicated by the authority in charge of the sale

Posted by member, Usama Soliman

Marketing Judicial Sales

Should an arrest lead to Judicial Sale, it is important to consider a marketing strategy to ensure that the vessel is not undersold.
In some jurisdictions, Courts have a designated broker, who’s role it is to market Judicial Sales to ensure that vessels are sold efficiently for the highest possible price.
In jurisdictions where there is no such facility, Courts and Creditors may choose to engage specialist marketing to promote and coordinate their Judicial Sale, to ensure maximum sale price.

Reasons to consider engaging marketing for Judicial Sales:

  • To ensure that buyers are made aware of the Judicial Sale via global marketing
  • To ensure that buyers are made aware of how to take part
  • To ensure that the vessel is sold for the highest possible price to give maximum return to the creditors
  • To ensure the vessel is sold at earliest opportunity, without the need for multiple auction rounds/vessel deterioration

Shiparrested.com industry members that provide Judicial Sale Marketing services: