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KOREA SHIPPING CORPORATION v LORD ENERGY SA (THE “MV DANGJIN”)

Lloyd's Law Reports Plus

KOREA SHIPPING CORPORATION v LORD ENERGY SA (THE “MV DANGJIN”)

[2019] Lloyd's Rep. Plus 17

FEDERAL COURT OF AUSTRALIA

Before Chief Justice Allsop, Justice Besanko and Justice McKerracher

Admiralty – Title to ship transferred to trustee under trust for benefit of security holder – Ship registered in name of trustee held as security – Whether debtor beneficial owner of ship – Admiralty Act (Cth), section 19(b).

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