AS Fortuna Opco BV and Another v Sea Consortium Pte Ltd and Others (The “AS Fortuna”) – High Ct (Pang Khang Chau J) [2020] SGHC 72 – 14 April 2020

Limitation of liability – Plaintiff shipowners seeking to constitute limitation fund – Defendants not contesting entitlement to limit – Fund constituted by letter of undertaking – Appropriate post-constitution interest rate and costs order

The plaintiff shipowners sought to limit their liability and constitute a limitation fund in respect of claims arising from the running aground of the vessel AS Fortuna near Guayaquil, Ecuador on 13 September 2018. The defendants were potential claimants against the plaintiffs and/or the vessel in respect of the incident.