THE AUCTION PROCESS OF THE SECOND HALF OF 2019 HAS BEEN ANNOUNCED

2019 06 21

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

The start of the auction is on 18 July 2019 at 12:00.

The process of the auction:

Registration of sellers is going on from 1 July 2019 12:00 to 10 July 2019 23:59
The initial deposit is paid from 2 July 2019 12:00 to 11 July 2019 23:59
Registrations are verified from 2 July 2019 12:00 to 12 July 2019 23:59
Submission of claims from 13 July 2019 12:00 to 15 July 2019 23:59
Examination of claims from 16 July 2019 12:00 to 16 July 2019 23:59
Submission of offers from 18 July 2019 12:00 to 23 July 2019 12:00
Announcement of the list of successful buyers 23 July 2019 12:00  

 

We hereby inform that the auction of the second half of 2019 for concluding of long-term contracts will not be organised.

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 100;
  • buyers intending to buy from 101 to 1,000 mof Timber – EUR 1,000;
  • buyers intending to buy from 1,001 to 5,000 mof Timber – EUR 3,000;
  • buyers intending to buy from 5,001 to 10,000 m3 of Timber – EUR 5,000;
  • buyers intending to buy over 10,000 mof Timber – EUR 10,000.