CLOSE BROTHERS LTD v AIS (MARINE) 2 LTD (IN LIQUIDATION) AND ANOTHER (THE “OCEAN WIND 8 OF HARTLEPOOL”)
 Lloyd's Rep. Plus 18
QUEEN’S BENCH DIVISION (ADMIRALTY COURT)
Before Jervis Kay QC, Admiralty Registrar
Admiralty – Ship mortgage – Sale of vessel by mortgagee in possession – Sale price insufficient to cover mortgage debt – Mortgagee claiming shortfall from guarantor of mortgagor – Whether sale was at an undervalue.