BCEN-EUROBANK now known as VTB BANK (FRANCE) SA v VOSTOKRYBPROM CO LTD AND OTHERS (THE "PHOENIX")

[2014] Lloyd's Rep Plus 29

EASTERN CARIBBEAN SUPREME COURT COURT OF APPEAL ST VINCENT AND THE GRENADINES

Before Mr Davidson Kelvin Baptiste JA Mr Don Mitchell JA and Mde Clare Henry JA

Admiralty practice - Mortgage of ship - Vessel registered in St Vincent and the Grenadines - Mortgage entered on register - Judicial sales of vessel in North Korea and in China - New owners seeking deregistration of vessel in St Vincent and the Grenadines - Mortgagee objecting to deregistration - Whether deregistration permissible whilst mortgage debt unpaid - Whether foreign judicial sales extinguished mortgagee's lien - Whether res judicata - Shipping Act 2004 - International Convention on Maritime Liens and Mortgages 1993.