On 12 February 2014, OSG made a filing announcing that its Debtors entered into an agreement in which they confirmed that Debtors will withdraw their previously-announced motion for authorization to sell the vessels over which CEXIM had security interests and which were the vessels being bid upon by the Joint Venture. As a consequence, the Joint Venture can no longer acquire those assets under the bankruptcy sale process, which was going to be organized as an auction under Chapter 11.