Abstract:
It is an established principle in shipping law that when a vessel is sold by the admiralty court, rights in rem are transferred to the proceeds of sale of the vessel. However, whether and to what extent other rights and obligations continue to subsist as against the proceeds of sale now representing the vessel is as yet undecided. This case considers whether a demise charter (and any in rem claims against the demise charterer) survives a judicial sale of the chartered vessel.