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Singapore
KfW IPEX-Bank GmbH v Owner of the vessel(s) WORLD DREAM (IMO No. 9733117)
[2024] SGHC 56
Key Principle
Contract — Contractual terms — Parol evidence rule; Banking — Lending and security — Legal mortgages — Whether reference to the “ship” includes “gaming equipment” on board; Deeds and Other Instruments — Deeds — Interpretation — Whether reference to the vessel’s “appurtenances” includes “gaming equipment” on board — Whether reference to the vessel’s “belongings” includes “gaming equipment” on board; Admiralty and Shipping — Practice and procedure of action in rem — Payment out of proceeds of sale — Whether “gaming equipment” was included in a ship mortgage — Whether there is sufficient evidence that there was “gaming equipment” on board the vessel belonging to the mortgagor
Area of Law
Contract
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