Van Niekerk v The MV "Madiba 1" (AC13/2018)
Van Niekerk v The MV "Madiba 1" (AC13/2018) [2022] ZAWCHC 125 (17 June 2022)
The court held that section 1(3) of the Admiralty Jurisdiction Regulation Act was enacted to allow vessels chartered by demise to be arrested in actions in rem for maritime claims against the charterer, but does not transfer ownership or proprietary rights to the charterer. The arrest of the vessel attaches the property of the real owner, not the charterer, and does not constitute an attachment or execution against the charterer's assets under section 359(1)(b) of the Companies Act. The charterer's rights under the charterparty are personal and not attached by the arrest. The proposed special…
Source excerpt
- Admiralty Jurisdiction Regulation Act
- Demise Charter
- Action In Rem
- Companies Act Liquidation
- Attachment And Execution
- Statutory Interpretation