The London Steamship Owners Mutual Insurance Association Ltd v Westdeutsche Landesbank Girozentrale and Ors (The “Pacific Trader”) - Appellate Division (Corbett CJ, Smalberger, Eksteen, Van Den Heever and Olivier JJA) - (1996) 1 SALR 1

Admiralty action - Priority of claims against fund constituted by proceeds of sale of vessel

The vessel Pacific Trader was arrested pursuant to a claim by the plaintiff P & I Club for the recovery of unpaid calls. The vessel was subsequently sold by order of the court on 16 July 1992 and the proceeds of sale held as a fund in court. A referee was subsequently appointed to consider and report on the ranking of claims against the fund.