MITSUI OSK LINES LTD AND ANOTHER v THE SHIP “YANGZE 22”

[2025] Lloyd's Rep. Plus 78

FEDERAL COURT OF AUSTRALIA

Before Justice Sarah C Derrington

Admiralty – Arrest – Application for release of vessel from arrest – Security for release – Letter of undertaking – Whether adequate security – Condition for expiry in the event shipowners establish limitation fund “in any jurisdiction” – Limitation of Liability for Maritime Claims Act 1989 (Cth), section 6 – Admiralty Rules 1988 (Cth), rule 52 – Convention on Limitation of Liability for Maritime Claims 1976, as amended.