The auction process of the first half of 2019 has been announced

2018-10-25

We hereby inform that the start time of the auction of the first half of 2019 for concluding of half-year contracts has been announced in the ETTS.

The start of the auction is on 29 November 2018 at 12:00.

The process of the auction:

Registration of sellers is going on from 8 November 2018 12:00 to
15 November 2018 23:59
The initial deposit is paid from 8 November 2018 12:00 to
19 November 2018 23:59
Registrations are verified from 8 November 2018 12:00 to
21 November 2018 23:59
Submission of claims from 22 November 2018 12:00 to
26 November 2018 23:59
Examination of claims from 27 November 2018 12:00 to
28 November 2018 23:59
Submission of offers from 29 November 2018 12:00 to
4 December 2018 12:00
Announcement of the list of successful buyers 4 December 2018 12:00  

 

We hereby inform that the auction of the first half of 2019 for concluding of long-term contracts will not be organised. See more information in the letter Nr. S-2041of 22/10/2019 of the state forestry enterprise VĮ Valstybinių miškų urėdija “Regarding the auction of the 1st half of 2019 for concluding of long-term contracts”

In addition, we draw the buyers’ attention to the fact that the Initial Payment must be transferred to the following bank account of the Administrator of the ETTS:

Recipient: BALTPOOL UAB
Bank: Luminor Bank AB
Bank code: 40100
SWIFT: AGBLLT2X
Account No. LT66 4010 0510 0206 3368

The following must be specified in the payment details: auction name.

Amounts of the initial payment:

  • buyers intending to buy up to 100 m3 of Timber – EUR 101;
  • buyers intending to buy from 101 to 1,000 mof Timber – EUR 724;
  • buyers intending to buy from 1,001 to 5,000 mof Timber – EUR 2,896;
  • buyers intending to buy from 5,001 to 10,000 m3 of Timber – EUR 4,344;
  • buyers intending to buy over 10,000 mof Timber – EUR 8,689.