We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

CHAPTER 6 Priorities

Admiralty Jurisdiction and Practice

Page 213




6.1 Where the amount of claims exceeds the proceeds of sale, the court must determine the manner in which the proceeds should be distributed.1 It does this through the exercise of an equitable jurisdiction to rank claims according to an order of priority. However, before considering the manner in which the Admiralty Court exercises this jurisdiction, it is necessary to examine the position of three classes of creditors which effectively fall outside this scheme as the treatment of their claims may affect the amount to be distributed according to the order of priority. Those creditors are:

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click login button.