6 Feb 1979
PANASIA REALTY & FINANCE LTD v. THE OWNERS OF THE SHIP OR VESSEL "MINGREN SUCCESS" (PANAMANIAN FLAG) AND ANOTHER
- Citation
- PANASIA REALTY & FINANCE LTD v. THE OWNERS OF THE SHIP OR VESSEL "MINGREN SUCCESS" (PANAMANIAN FLAG) AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCAJ207/1978
The court declined to alter established admiralty practice generally and exercised its discretion to protect competing interests: claimants for cargo must deposit security satisfactory to the Chief Bailiff for offloading and storage expenses; those securities are to be applied first to those expenses and, if insufficient, the unpaid balance will form part of the Bailiff's expenses (a charge on sale proceeds); mortgagees are not held automatically liable for discharge costs absent separate successful litigation on unlawful interference.