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Dear All

Sale of TS Pelican of London (Part 1 UK registered - Official Number 908321) (the "Vessel")

Invitation to Sealed Bid Auction process - Deadline for submission of offer 17:00 UK time, Monday 17 September 2012

Click Here to download an Auction Bid Form

Pelican Of London

Click here for ship details

We, as the duly appointed broker of the Vessel, are writing to you to invite you to take part in the sealed bid auction process for the sale of the Vessel.

A Survey dated May 2012 and Ships Certification are available, please ask us for copies.

Interested parties are invited to submit an offer for purchase, subject only to contract.

Upon collation of all offers on Monday 17 September, should the reserve price for the Vessel have been met, the highest bidder will be informed and invited to enter into a Sale Agreement for the Vessel drafted on market terms but strictly on an "as is" "where is" basis (a copy of which will be available upon request) and to concurrently place a holding deposit with Broker of (GBP) £200,000 in cleared funds. Upon that bidder paying the above referenced deposit to ourselves as broker, the Vessel shall be removed from the market pending exchange of contracts at which point the deposit shall become non-refundable and such amount shall be offset against the agreed purchase price.

Yours faithfully

Adrian M. Espin

Authorised Broker of the Vessel

Member ABYA
Eastern Yachts

Tel   +44 (0) 1206 305996
Mobile +44 (0) 7793 221 269
Skype     amespin
19 Colne Road, Brightlingsea, Essex, CO7 0DL, UK