Richardson International Ltd. v. The "MYS CHIKHACHEVA" et al., 2002 FCT 482

In Admiralty Practice, In Rem Actions and Arrest on (Updated )

The issue in this motion was the interpretation of a letter of guarantee given by the Royal Bank of Canada to secure the release of the defendant vessel from arrest. By the letter of guarantee the bank agreed that if the owners did not pay a judgment against them execution could issue against the bank. The Plaintiff in due course …

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