Lloyd's Maritime Law Newsletter
The Gulf Venture - Q.B.D. (Adm.Ct.) (Sheen J.) - 17 October 1984
Admiralty practice - Sale of vessel pendente lite
The plaintiffs issued a writ in rem against the vessel
Gulf Venture
for £409,926 for goods, materials and other expenses incurred by them as port agents in respect of the
Gulf Venture
and a sister vessel. The
Gulf Venture
was arrested. On 18 July 1984 Sheen J. ordered the vessel to be released on condition that the defendant shipowners put up
security in the sum of £250,000. The defendants failed to put up security and the vessel remained under arrest.