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Notice of Public Auction Sale (March 6, 2014 – Port of Cebu)

March 6, 2014


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 a Public Auction Sale through Sealed Bidding to be conducted by the Auction and Cargo Disposal Division, Port of Cebu, on MARCH 6, 2014, THURSDAY at 10:00AM to be held at the Conference Room, Second Floor, Cebu Customshouse. The articles shall be available for viewing on TUESDAY, MARCH 4, 2014 from 9:00AM to 4:00PM at the CIP HOLDING AREA.

In the event of failed bidding, the second auction date shall automatically be on MARCH 7, 2014 at the same floor price without need of further publication/posting. When the difference between the highest and the second highest bid is within ten percent (10%) of the highest bid, clustering occurs. 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.
Location: CIP Holding Area
SALE LOT NO. 01-2014
AP No. 01-2014
Arrival : MARCH 16, 2013
Quantity : 4680 BAGS more or less (9X20’)
Floor Price : P7,743,060.00
AP No. 02-2014
Arrival : MARCH 22, 2013
Quantity : 4680 BAGS more or less (9×20’)
Floor Price : P8,344,440.00 SALE LOT NO. 03
AP No. 05-2014
Arrival : APRIL 6, 2013
Quantity : 5200 BAGS more or less (10×20’)
Floor Price : P9,700,600.00


Filing/submission of all participants (whether natural or juridical) accomplished and duly notarized Bidder’s Information Form, certified true copy of the latest Income and Business Tax Returns duly stamped “RECEIVED” by the Bureau of Internal Revenue with the validated tax payment made thereon and other documents such as ID, Community Tax Certificate, Business Permits, Certificate of Registration of Business Name issued by the Department of Trade and Industry or Securities and Exchange Commission and the above-mentioned requirements, at least not later than two (2) days prior to the day of auction.
The prospective bidder must be a duly-accredited grain trader/importer of the National Food Authority, who should bring with him such proof of accreditation at the time of registration. Grain trader’s/importer’s representatives are required to submit the Board Secretary’s Certificate authorizing them to bid for and in behalf of the company.
Payment of PhP2,000.00 Registration Fee (non-refundable).
Posting of a duly receipted bond in cash or manager’s check in an amount equivalent to twenty percent (20%) of the floor price of each sale lot. The Bond shall be refunded to the losing bidder after the closing of the auction.
Registration with the Chief, ACDD, to be filed one (1) day before the date of the actual bidding; thereafter, registration is closed.
At the end of each bidding, the highest bidder shall be required to pay in cash/manager’s check equivalent to fifty percent (50%) of the bid price “ON THE SPOT” upon announcement of the winning bid on top of the bond in cash or manager’s check as required in No.3. The remaining balance shall be paid on the succeeding business day. Failure to make any of the payments as required shall disqualify the bidder from participating further in the auction sale and the negotiated sale thereof, if applicable. This is without prejudice to the forfeiture of the cash bond and other payments made and the imposition of other sanctions as may be warranted.
Payment with Manager’s Check to the Bureau of Customs, District Port of Cebu (BOC, POC) shall bear:
Pay to: LBP BOC EO IFO BOC FAO (Name of Bidder).
The Bureau of Customs, District Port of Cebu, reserves the right to ensure that only thosewho have complied with the herein enumerated requirements shall register and participate in the public auction.

Port of Cebu, Cebu City, Philippines, February 26, 2014.

District Collector

Republic of the Philippines

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