Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

BANKERS TRUST INTERNATIONAL LTD. v. TODD SHIPYARDS CORPORATION (THE "HALCYON ISLE")

[1980] 2 Lloyd's Rep. 325

THE JUDICIAL COMMITTEEOF THE PRIVY COUNCIL

Before Lord Diplock, Lord Salmon, Lord Elwyn-Jones, Lord Scarman and Lord Lane

Admiralty practice - Action in rem - Maritime lien - Mortgage of ship - Priority - Shiprepairers executed repairs to vessel - Vessel sold but fund insufficient to satisfy mortgagees and ship-repairers - Whether ship-repairers took priority.

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