BANK OF NEW ZEALAND (SECURITY TRUSTEE) v THE VESSEL MY “ISLAND ESCAPE”

[2023] Lloyd's Rep. Plus 41

Admiralty – Sale of ship – Cruise vessel – Application for judicial sale of ship pendente lite without valuation – No appearance by defendant – Caveats against release – Orders made for judicial sale with provision for valuation – Form of undertaking under rule 69 of the Admiralty Rules 1988 (Cth) – Method of sale to be determined by Admiralty Marshal - Admiralty Rules 1988 (Cth), rules 23, 23(1), 69 and 69(4).