Ballantrae Holdings Inc v The Owners and all those interested in the ship “Phoenix Sun” – Federal Ct (Harrington J) 2016 FC 570 – 26 May 2016

Admiralty practice – Priorities – Ranking of unregistered mortgagee

Following the instigation of proceedings in rem, the vessel Phoenix Sun was sold by the acting marshal in admiralty for CAN$682,500. Various claims were made against the proceeds of sale, which were insufficient to meet all the claims.