Abstract
The Defendant mortgaged its vessel as security when applying for a loan with the Plaintiff bank. After the Defendant failed to repay the loan, the Plaintiff filed suit for the realization (foreclosure) of the ship’s mortgage, and asked the court to compel auction or sale of the vessel in order to repay the Defendant’s outstanding debts, and to give the Plaintiff priority over other claims in repayment from the proceeds of sale.
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Davies, M., Lin, J. (2021). China International Trust Investment Corporation Bank Xiamen Branch v. Boluo Jinhui Dredging Engineering Co., Ltd.. In: Davies, M., Lin, J. (eds) Chinese Maritime Cases. Chinese Maritime Cases Series. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-63239-0_9
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DOI: https://doi.org/10.1007/978-3-662-63239-0_9
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