Nadella Corporation v MV "Falcon Traveller" and Another (A74/2015)
Nadella Corporation v MV "Falcon Traveller" and Another (A74/2015) [2016] ZAKZDHC 59 (1 April 2016)
The court found that Nadella Corporation had an enforceable maritime claim against Falcon Shipping, as evidenced by the indemnity clause and the subsequent arrest of the Falcon Carrier in Bangladesh. However, the court held that Nadella failed to prove, on a balance of probabilities, that the MV "Falcon Traveller" was an associated ship of the MV "Falcon Carrier" at the time the claim arose. Ownership and control of the vessels were distinct, with Falcon Shipping and Newbrook Shipping Corporation being separate entities, and Bekkers acting only as a management company. The cross mortgaging of…
Source excerpt
- Associated Ship Arrest
- Security For Claim
- Ownership And Control
- Cross Mortgaging
- Maritime Lien
- Arbitration Security