Verreault Navigation Inc. v. 662901 N.B. Ltd.
Federal Court admiralty decision distributing sale proceeds of the Chaulk Lifter, recognizing Verreaultâs possessory lien, subordinating related-party mortgage claims, and dismissing an unrelated lender claim.
- Possessory lien
- Priority of maritime claims
- Sister ship claims
- Marine mortgage
- Custodia legis
- Shipâsource oil pollution fund (bunker convention)