LEOPARD 27M Superyacht Known as "BULL"

Builder: Cantieri De Arno, Via Aurelia Sud Km 326, 56100 Pisa, Italy

Register Number: 740064
Register Port: Georgetown
Gross & Nett Tonnage: 86.68
Signal Letters: ZCTI5
Hull Number:  27/37
Build/Launch Date: April 2007

Register Dimensions 
LOA: 27.0m  
Beam: 5.80m
Moulded Depth: 3.9m
Moulded Draught: 1.6m

Engines: Twin MTU M92 each producing 2285HP (1704KW) @ 2450rpm coupled to Arneson Drives
Recorded Hours: circa 300 Hours / Engine
Maximum Speed: 42knots
Cruising Speed: 33 knots

Accommodation: 6 Berths including Owner's Ensuite Stateroom, VIP Ensuite Cabin, Guest Ensuite Cabin + 3 Crew Berths

Currently Lying:  Gibraltar

Just released from full out of the water maintenance and ready for immediate use.

For Further Details and to Register Expressions of Interest please contact Gordon Wyles or Simon Withall.

SCHEDULE AND NOTICES TO PURCHASERS in respect of the following Sale By Private Treaty

Sales by Private Treaty on behalf of Grant Thornton UK LLP - the Joint Liquidators of Madoff Securities International Ltd

Viewing: Viewing and inspection will take place by appointment only.  Wyles Hardy & Co Ltd may refuse access to the viewing and inspection of the goods to anyone in its discretion without giving any reason.

Damage: Persons attending the viewing will be held liable for any loss or damage they cause, and shall meet all costs, expenses, damages, losses and liabilities incurred in the rectification of the damage so caused, as advised by Wyles Hardy & Co Ltd.

Form of Offer: The offer must be submitted in writing to Wyles Hardy & Co Ltd, Ley Hill Road, Bovingdon, Hemel Hempstead, Herts., HP3 0NW or by fax on 01442 834342.

Invoices will be raised in the name of the registered party and due care and attention should therefore be given at the time of submitting an offer to ensure the correct details are provided. Under no circumstances will invoices be altered following their issue.

Buyers Premium: Is Not Applicable on this Sale.

Notification: Successful offerors will be advised by telephone and/or fax.  Upon such notification, buyers will be deemed to have been advised in accordance with 6.2 of the Conditions of Sale by Private Treaty.

Conditions of Sale: All lots or items will be sold, subject to the Conditions of Sale by Private Treaty, attached, as shown on Wyles Hardy & Co Ltd's website and those contained within this Schedule.  Offerors are strongly advised to read them carefully and to re-visit the same from time to time to acquaint themselves with any amendments/additions.

Value Added Tax: All Lots or items are sold exclusive of V.A.T. which will be added to the Buyer's sale accounts at the rate of 17.5% except those lots which are zero rated for VAT purposes as indicated.

We are informed that when originally purchased the vessel was registered in George Town, Barbados in order to maximise the tax advantage of such a status.  We believe that the vessel is therefore held on a temporary importation basis within the European Union.  We understand that this is allowed for a period of 18 months before local sales tax would become applicable.  We are informed that the vessel left EU waters on the 28th September 2008 not returning until 6th October that year.  As a consequence we understand that local sales tax or a further visit outside EU waters will not be necessary until March 2010.  Prospective purchasers are strongly advised to obtain such information as necessary to satisfy themselves as to the tax status of this vessel.

Non E.C. Buyers: VAT will be levied on all Buyers at the rate of 17.5%.  Upon receipt of a copy of the Bill of Lading detailing the purchases, a full description of the Goods purchased/exported (a simple description of "box/crate" is deemed insufficient) and confirming their export outside the E.C., the VAT will be refunded.  VAT will not be refunded on the buyer's premium (if charged) under any circumstances, nor where the Bill of Lading is not received within 30 days of the date of purchase. If outside the 30 day timescale, Buyers will need to liaise direct with HM Revenue and Customs.

N.B. Buyers are solely responsible for obtaining export licences from the UK, and export or import licences in the countries of destination and transit, where required.

E.C. Buyers For interstate transfers within the E.C., VAT will be charged.  Upon receipt of documentary evidence giving conclusive proof that the interstate transfer has taken place, and the Buyer at the time of registration having advised that purchases would be the subject of an interstate transfer and ensured that their local VAT registration details would be recorded on the invoice, the VAT will be refunded.  VAT will not be refunded on the buyer's premium (if charged) under any circumstances, nor where the documentary evidence of the interstate transfer-taking place is not received within 30 days of the date of purchase. If outside the 30 day timescale, Buyers will need to liaise direct with HM Revenue and Customs.

N.B. Buyers are solely responsible for obtaining export licences from the UK, and export or import licences in the countries of destination and transit, where required.

Payment & Terms: All purchases must be paid for in full in pounds sterling before collection.

Payment to be made by :

Telegraphic Transfer: Payment may be made by electronic bank transfer (Chaps, Swift, etc) please contact the office dealing with the disposal for relevant details.
In making such a payment, to aid its identification, please ensure that the remitting Bank include your paddle number, invoice number and any other references shown in the schedule and notices to purchasers/notices to a particular sale

Bankers Draft: Please note ALL drafts will be confirmed with the drawn bank prior to acceptance – this may cause delay whilst this procedure.

To assist please ensure you have full details of the drawn bank including branch, contact name and telephone number, provision of call centre details will cause delay.

Cash: Limited to £500 maximum transaction value, payments above this sum will not be accepted in cash

Debit Cards: Wyles Hardy & Co Ltd accept the following debit cards: Switch, Solo, Delta, Electron and Connect.  Buyers intending to use this payment method must ensure that they hold sufficient cleared funds in their account to meet their expenditure.  Payment in full by debit card will allow Buyers to clear their purchases immediately following the purchase (including motor vehicles). 

Payment & Collection Terms: It is the responsibility of the Buyer to advise Wyles Hardy & Co Ltd of any special requirements, particularly any relating to export or VAT exemption.  (Please refer to the specific paragraphs in the Schedule with regard to VAT).

Non Transfer of Lots or Items: No lots or items may be transferred between Buyers. Wyles Hardy & Co Ltd will accept payment only from and permit removal of lots or items by the Buyer to whom the Lot or item is invoiced.

Insurance of Lots Or Items: The Buyer is at risk from notified of acceptance of offers tendered and is advised to obtain immediate and adequate insurance.

Buyers of motor vehicles and/or road-going powered plant are responsible for ensuring that prior to use on the road, that in all respects the vehicle complies with all legal requirements as to the construction and the use of such a vehicle and further more for obtaining all certificates, permits and other authorisations necessary.

Removal of Goods: Clearance of purchases will take place by appointment only at the buyers expense.

Health and Safety Wyles Hardy & Co Ltd are committed to ensuring the Health and Safety of all its staff, visitors and clients, with this in mind we ask you to pay careful attention to the local arrangements for evacuation in case of emergency or fire.

Manual Handling – all persons attending the premises to inspect goods or to collect them must ensure that when undertaking any manual handling of goods that they adhere to the Manual Handling Operations Regulations 1992.  Wyles Hardy & Co Ltd are not responsible for parties who fail to undertake the appropriate actions necessary to meet these regulations in either inspecting or collecting goods.

Method Statements: Certain items of plant and machinery equipment will only be permitted to be de-installed and or removed if Wyles Hardy & Co Ltd have been provided with a suitable method statement.  Equipment requiring a method statement will be annotated either with an asterisk (*) in the document(s) detailing the goods for sale / catalogue, or by specific notice.  The information required in the method statement will vary according to the type, nature and location of the equipment.  However, as a minimum, the method statement must detail the following:

What work is going to be carried out ?
How is the work going to be carried out ?
Who is going to do the work and their competence(s) to do that work ?
When is the work going to be carried out ?

If any independent contractors (including hauliers) are to be used, who are they and confirmation of their competence(s) will be required.  If any machinery or lifting equipment is to be utilised, certificates of safety and or conformity must be provided.  If any "hot working" is to be carried out, this must be specified together with details of the safety measure that will be put in place.  Copies of public and employee liability insurance certificates must be provided.  Method statements must be provided, at least 2 working days prior to the work being scheduled to commence.  Method statements must be approved by Wyles Hardy & Co Ltd prior to the work commencing, submission does not gain automatic approval.

Smoking: Is not permitted at the premises where the goods are available for inspection.