12 Aug 1997
AKER INVEST AS v. THE OWNERS OF THE SHIP "HEATHER SEA"
- Citation
- AKER INVEST AS v. THE OWNERS OF THE SHIP "HEATHER SEA"
- Court
- Court of First Instance
- Case number
- HCAJ173/1997
The judge exercised discretion to refuse the plaintiff's request for private sale or a switch to public auction because there was no strong or admissible evidence to justify departing from the well‑established Admiralty practice of sale by public tender and because appraisals indicated values far above the plaintiff's proposed price, so public tender was the appropriate method to maximise price.