The Law Reports (Chancery Division)
[1986] Ch 471
[CHANCERY DIVISION]
In re
WELSH IRISH FERRIES LTD.
[No. 002470 of 1984]
1985 March 20,
21;
May 23
May 23
Nourse J.
Shipping
— Charterparty
— Time charter
— Owner's lien on sub-freights
— Mortgage by charterer of all book debts
— Mortgage registered under Companies Act
— Owner's lien not registered
— Receivers appointed of charterer
— Charterer compulsorily wound up
— Whether sub-freight collected by receivers from shippers payable to owner or to mortgagees
—
Companies Act 1948 (11 & 12 Geo. 6, c. 38), s. 95(1) [1]
Company
— Charge
— Registration
— Charterparty giving owners lien on sub-freight
— Lien not registered
— Registration of subsequent fixed charge on company's book debts
— whether lien or fixed charge taking priority
—
Companies Act 1948, s. 95(1)