KFW IPEX-BANK GMBH V OWNER OF THE VESSEL "WORLD DREAM" (IMO NO 9733117)

[2024] SGHC 56, High Court of the Republic of Singapore, General Division, S Mohan J, 28 February 2024

Admiralty – Mortgagee's interest – Payment out of proceeds of sale – Whether "gaming equipment" included in ship mortgage – Reference to "ship" including "gaming equipment" on board – Reference to vessel's "appurtenances" including "gaming equipment" on board – Reference to vessel's "belongings" including "gaming equipment" on board

The claimant KfW was a bank incorporated in Germany with limited liability. WDL was a company incorporated in Bermuda and the lawful and registered owner of the vessel World Dream, which was a large cruise ship built to carry more than 3,000 passengers.