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 31, 2014 (Friday)
Opening of Sealed Bids : 2:00 P.M.
Place : Conference Hall
Annex Building, BOC-Port of Batangas
Batangas City
Public Viewing will be available to all qualified bidders on: October 30, 2014 (Thursday)
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. 01-14
Consignee: GOOD EARTH MERCHANDISE
S.I. No. 02-2014
S.I. No. 04-2014
Dates of Arrival:
June 01, 2014
June 12, 2014
1st Advertisement
Floor Price: Php3,582,292.00
More or Less 76,095 kgs. of Imported Garlic
3 x 40 containers
MWCU6854635; GESU9401755; MNBU3195039
“ AS IS WHERE IS ”
Location: Batangas Container Terminal (BCT), Phase II, ATI Port of Batangas
Additional Requirements:
The Garlic shipment shall be subjected to fumigation under the supervision of Plant Quarantine Officer and carried out by an accredited Fumigator of the Bureau of Plant Industry.
Subject Shipment shall continuously be monitored by ESS, CIIS, POS and ODC representatives until the fumigation is completed.
All expenses incurred during the process shall be shouldered by the winning bidder.
Terms And Condition 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, 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 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, Port of Batangas;
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. Apolinario V. Gonzales, Chief, Auction and Cargo Disposal Unit, BOC, Port of Batangas, Tel No. 722-0677.
COL. Ernesto P. Benitez, JR. (Ret.)
District Collector of Customs
