REPEALED - Insurance of Property Arrested Under the Admiralty Act 1988
PRACTICE NOTE NO 84
Insurance of Property Arrested under the
Admiralty Act 1988
The Admiralty Act 1988 (Cwth.) provides for the arrest of property (including vessels) by the Marshal in actions in rem. The Marshal does not at any time during the period of arrest hold commercial insurance for the benefit of any person who has an interest in arrested property.
Persons with an interest in arrested property and their solicitors may wish to consider the question of insuring the amount of their interest against consequential risks, including risks occasioned by any movement of a vessel.