Notice of Re-Opening of Bidding for M/V SEA HUNTER
In re: Coastal Marine Management, LLC d/b/a Boston Harbor Shipyard and Marina v. M/V SEA HUNTER, (O.N. 598425), her engines, tackle, apparel, appurtenances, etc., in rem, et al., Civil Action No. 1-16-cv-11616-NMG, notice is hereby given that the M/V SEA HUNTER, (O.N. 598425), her engines, tackle, apparel, appurtenances, etc., a public auction pursuant to the Amended Order for the Interlocutory Sale of the Defendant Vessel by the United States District Court of Massachusetts occurred Boston Harbor Shipyard and Marina, 256 Marginal Street, East Boston, MA 02128 on October 4, 2017 at 1:00 PM.
The high bid at the public auction was upset by an upset bid. As such, the Court ordered that bidding of the Vessel will be re-opened until the close of business Friday, November 3, 2017, during which time bidders other than the upset bidder may submit sealed bids in increments of not less than $10,000 above the current upset bid of $100,000. Sealed bids shall be delivered or sent to: United States Marshals Service via email at: [email protected]; OR via mail at: United States Marshals Service, District of Massachusetts, Attn: John D. Wickham, Supervisory Deputy U.S. Marshal, John J. Moakley US Courthouse,1 Courthouse Way, Suite #1-500Boston, MA 02210.
All bids must be received by the close of business on Friday, November 3, 2017. If no such bids are received within the prescribed time, the sale to Custom Marine, Inc. will be confirmed on Monday, November 6, 2017 for $100,000. If sealed bids are received within the prescribed time, a hearing before the Court will be convened on Tuesday, November 7, at 11:00 a.m. in Courtroom #4, Moakley Courthouse, at which time the sealed bids will be opened and verified. Parties submitting sealed bids at the hearing held on Tuesday, November 7, 2017, shall be prepared to present at that hearing a certified check for ten percent (10%) of their bid price payable to United States Marshal for the District of Massachusetts.
Thereafter, the upset bidder will be afforded the opportunity to trump the highest competing bid by an increment of not less than $10,000 in which event, upon prompt receipt of the full amount of the purchase price, the sale to the upset bidder, will be confirmed. In default of any bid in excess of the highest sealed bid and provided the entire purchase price in certified funds is received within two business days after the hearing, the sale to the highest bidder will be confirmed. If the entire purchase price is not received within the prescribed time, the vessel will be sold to the next highest bidder, provided that bidder delivers the requisite funds within two business days thereafter. The Vessel will be sold free and clear of all liens and encumbrances in its current as is, where is condition, without any representation and warranty, express or implied, as to its merchantability or fitness, except as to title.
Interested persons are encouraged to contact Samuel P. Blatchley, Esq. at Holbrook & Murphy at 617-428-1151 (ext. 23) or [email protected] if they would like to inspect the Vessel or if they require any further information.
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