Australian and New Zealand Maritime Law Journal

1993: Conference Proceedings
Articles

Bankruptcy, Maritime Liens and Priorities: The Saga of the Offi Gloria

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  • Tom Broadmore,
  • Les Taylor

Published 1993-11-06

Keywords

  • bankruptcy,
  • maritime lien,
  • priority of claims,
  • The 'Offi Gloria',
  • US Federal Bankruptcy Code,
  • bankruptcy jurisdiction,
  • foreign bankruptcy order,
  • security,
  • ship arrest,
  • action in rem,
  • claim for disbursements,
  • cargo interest,
  • ship mortgage,
  • Admiralty jurisdiction,
  • Admiralty Rules (NZ),
  • P&I Club,
  • unlawful interference with third party contractual rights,
  • Insolvency Act 1967 (NZ),
  • cargo discharge costs,
  • judicial sale of vessel,
  • ship arrest, sale and preservation fees and expenses,
  • statutory lien,
  • Admiralty Act 1973 (NZ),
  • ship sale fund,
  • 'custodia legis' doctrine
    • ...More
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Abstract

The authors consider the lengthy and complex saga of The Offi Gloria, from the perspective of lawyers embroiled in the ensuing litigation. In doing so, they raise such topics as maritime liens, the international effect of Chapter XI of the US Bankruptcy Code, the problems of selling a laden vessel, priorities, issues of security, and so forth.

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