8 Dec 1997
DEN NORSKE BANK A.S.A. v, THE OWNERS OF THE SHIP "MARGO L"
- Citation
- DEN NORSKE BANK A.S.A. v, THE OWNERS OF THE SHIP "MARGO L"
- Court
- Court of First Instance
- Case number
- HCAJ351/1997
The Court refused the private sale because the valuation evidence was unsatisfactory and insufficient to justify departing from the normal public tender process; public sale is required to protect all Admiralty claimants and to secure the best possible price, and no special circumstances existed to permit private sale to the named purchaser.