Auction M/V MCL Antwerpen

On Wednesday 20 June 2012 at 11:30 hrs. the M/V MCL Antwerpen is scheduled to be be auctioned before the Court or Rotterdam at Wilhelminaplein 100-125, Rotterdam, the Netherlands, at the request of Oldenburgische Landesbank AG. Under Dutch law, the bank is entitled to ask the permission of the court to privately sell the vessel to a buyer once a judicial sale has been initiated, which private sale qualifies as a judicial sale.

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The Oldenburgische Landesbank intends to make use of this provision and announced that it has a buyer who is prepared to pay a purchase price of EUR 2,800,000.-. The court is asked to decide on the petition to that effect at the time and place of the auction. If no parties are interested to offer a higher purchase price it is not probable that the acution will take place.

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