4 Aug 1998
FOCAL FINANCE LTD v. THE OWNERS AND/OR DEMISE CHARTERERS OF THE SHIP OR VESSEL "DRAGON SUNRISE"
- Citation
- FOCAL FINANCE LTD v. THE OWNERS AND/OR DEMISE CHARTERERS OF THE SHIP OR VESSEL "DRAGON SUNRISE"
- Court
- Court of First Instance
- Case number
- HCAJ396/1997
The court found that the tug's services amounted to salvage (or, alternatively, that even if treated as towage the superior equity principle and public policy favoring preservation of the res require priority for the salvors) and therefore the salvage judgment for HK$150,000 ranks ahead of the mortgagee's claim.