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.