Nordea Bank Norge ASA v. The "Kinguk", 2006 FC 1290

In Maritime Liens, Mortgages & Priorities on (Updated )

This was an application by the Plaintiff mortgagee to realize its mortgage security over two vessels, and its default judgment, through the private sale of the vessels. The application was opposed on the apparent grounds that there had not been a formal appraisal of the vessels. The Court noted that generally it will require a formal appraisal and advertisement before …

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