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LORD ENERGY SA v THE SHIP “MV DANGJIN”

Lloyd's Law Reports Plus

LORD ENERGY SA v THE SHIP “MV DANGJIN”

[2019] Lloyd's Rep. Plus 16

FEDERAL COURT OF AUSTRALIA

Before Justice Rares

Admiralty – Vessel arrested in capacity of sister ship – Vessel held in trust as security for loan from bank – Bank the preferred beneficiary – Trustor a non-preferred beneficiary – Whether trustor the beneficial owner of ship – Korean Trust Act – Admiralty Act 1988 (Cth), sections 17, 18 and 19.

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