22 Apr 2008
FRATELLI COSULICH BUNKERS(HK) LTD v. THE OWNERS AND/OR DEMISE CHARTERERS OF THE SHIP OR VESSEL "FAIR WIND 28"
- Citation
- FRATELLI COSULICH BUNKERS(HK) LTD v. THE OWNERS AND/OR DEMISE CHARTERERS OF THE SHIP OR VESSEL "FAIR WIND 28"
- Court
- Court of First Instance
- Case number
- HCAJ88/2007
Because the court had followed tender procedure, made enquiries of appraisers, solicited an increased offer, accepted the only timely bid and the deposit was cashed, and because the mortgagee had not registered or caveated its interest, the court held the acceptance was binding and directed completion of the sale to the successful bidder at $2.4 million.