Governor and Company of the Bank of Scotland v. The "Nel", [2001] 1 FC 408

In Maritime Liens, Mortgages & Priorities on (Updated )

This was a hearing to determine the priorities of claimants to the proceeds of sale of the "Nel" which had been sold pendente lite for US$5,000,000. The claimants and their claims were: the mortgagee under a fleet mortgage for the expenses of sale, for wages paid to the crew and repatriation costs, and for the amount owing under the current …

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