NOTICE OF PUBLIC AUCTION
Pursuant to the provision of Section 2601 to 2610 of the Tariff and Customs Code of the Philippines, as amended, in relation to CAO 10-2007 dated November 28, 2007 and other relevant Customs Memorandum Orders, there will be Public Auction Sale through Sealed Bidding to be conducted by the Auction and Cargo Disposal Division, Port of Manila on:
Date of Public Auction: October 17, 2014 (Friday)
Opening of Sealed Bids : 2:30 P.M.
Place : Conference Room, Office of the District Collector
Ground Floor, MICP Building
North Harbor, Isla Puting Bato, Tondo, Manila
Public Viewing will be available to all qualified bidders on: October 16, 2014 (Thurday)
In the event of a failed bidding, the second auction shall be conducted on the third business day following the first bidding, except as to perishable items/goods, which may be auctioned again on the following business day.
Sale Lot No. 59-08-00-14Consignee: JADE BROS. FARM AND LIVESTOCK, INC.S.I. No. 356-2014 MICPS.I. No. 357-2014 MICP
S.I. No. 358-2014 MICP
S.I. No. 359-2014 MICP
Dates of Arrival:
November 07, 2013
November 07, 2013
November 03, 2013
November 03, 2013
“PROCEEDS TO BE HELD IN TRUST”
Floor Price: Php47,028,800.00 (@25.84 per kg.)
More Than Eleven (11) Month Old Stock of White Rice
More or Less Thirty-Six Thousand Four Hundred Bags (36,400 bags)
@ 50 kgs/ bag (1,820,000kgs)
70 x 20 containers
APZU3914631; APZU3962178; GLDU5662000; FCIU2078590; APZU3356930; APZU3989116; TCLU2923371; APZU3712230; APZU3891562; FCIU3871422; TRLU3864863; TGHU0279715; TCKU3563992; TCKU1854751; APZU3822350; APZU3331660; APZU3827413; APZU3861887; APZU3748823; GLDU2978079
GLDU3187806; APZU3489701; TRHU1848253; APZU3949073; APZU3403689; APZU3269116; FCIU3344669; APZU3177690; APZU3351498; FCIU3727605; TTNU3737350; APZU3027494; APZU3446952; APZU3755761; TCKU3291981; TCKU2693250; APZU3684945; APZU3072410; FCIU3214053; APZU3323135
TEMU3230152; TEMU4106608; TEMU3330547; TEMU2260342; DFSU2815290; TEMU3937274; TEMU2114950; TGHU1591245; SEGU1829490; SEGU1470081; SEGU1829166; SEGU1483788; TEMU2967464; BMOU2831767; TRHU1797881
TEMU4108576; TEMU3218368; DFSU1269472; DFSU1272579; DFSU2896944; TEMU3211635; SEGU1830969; BMOU2748009; SEGU1830320; TEMU3230044; RFCU2255644; SEGU1830212; BMOU2630905; TRHU2096778; RFCU2256553
“ AS IS WHERE IS ”
Location: ICTSI-CY
Additional Requirements:
NFA License Wholesaler/Retailer
Representatives from ESS, CIIS, POS and ODC shall be invited to witness the release.
Terms and Conditions of Public Auction:
Filing of Bidder’s Registration Form (with name, address and TIN), together with the latest certified true copy of Income and/or Business Tax Returns duly stamped and received by the Bureau of Internal Revenue (BIR) with a validated tax payment made thereon, and NFA License, at least two (2) days prior to the day of auction.
Registration on the logbook for registered bidders indicating the name, address and TIN to be made with the Chief, ACDD one (1) day before the date of actual bidding until exactly an hour immediately preceding the time of actual bidding; thereafter registration is closed.
Payment of non-refundable Php2,020.00 Registration Fee.
Posting of duly receipted bond in cash or, manager’s check (which shall be subject to verification with the issuing bank) in an amount equivalent to twenty percent (20%) of the floor price for each sale lot. The bond shall be refunded to the losing bidder after the closing of the auction. The bond shall not, however, be required when the floor price of a sale lot is less than ten thousand pesos (Php10,000.00)
Payment of highest bidder in cash or manager’s check at least fifty percent (50%) of the bid price on the spot upon announcement of the winning bid as duly certified to by the Auction Committee and the COA representative. The remaining balance of 50% shall be paid on the succeeding business day.
Payments with Cashier’s / Manager’s Check / Cash to the BOC / POM shall bear the following:
Pay to the order of Land Bank of the Philippines-BOC MICP E.O.;
For credit of the Bureau of Customs;
For the account of: _______________;Bidder
The auction shall be conducted through sealed bids, which shall be submitted and opened in public by the Auction Committee at a time, date and place specified in the Notice of Auction Sale.
The highest bid shall be declared as the winner except when clustering occurs. Clustering occurs when the difference between the highest and the second highest bid is within ten percent (10%) of the highest bid. In such case, an open-bidding shall be conducted among the bidders of the particular sale lot who are present with the highest bid serving as the new floor price. Only bids raised by three percent (3%) more than the new floor price shall be considered and the highest bid in the open-bidding shall be declared as the winner. Otherwise, the highest sealed bid shall be declared as the winner.
A failed bidding shall be declared by the Auction Committee when any of the following circumstances occurs:
When there is only sealed bid, the same shall not be opened;
When there are two sealed bids but there is only one bid higher than the floor price;
When the highest bidder fails to comply with any of the payments required in Section 9 thereof, said bidder shall be disqualified from participating further in the auction sale and when applicable, the negotiated sale thereof without prejudice to the forfeiture of the cash bond and any payment made and imposition of other sanctions as may be warranted.
When a failed bidding is declared, the sale lot shall be offered in a second auction to be held on the third business day after the first failed auction at the same floor price without need of further advertisement/posting. In case of perishable goods, the second auction shall be conducted on the first business day following the first failed bidding.
For further details, please contact Mr. Gerardo M. Macatangay, Chief, Auction and Cargo Disposal Division, MICP, Tel No.245-4101 loc. 2283 or 247-0977.
M/GEN. ELMIR S. DE LA CRUZ (Ret.)
District Collector, MICP
