CNA Explains: ‘Cruise for life’ ship Odyssey seized – what happens after a vessel is arrested?
The cruise ship, meant to take passengers on a continuous voyage around the world, was arrested in Singapore after arriving from Cambodia on Sunday.
Singapore authorities seized the cruise ship Odyssey, which was bound for a continuous voyage around the world, after it arrived from Cambodia. The vessel was arrested in Changi General Purpose Anchorage due to a maritime-related civil claim against its US-based operator, which had run out of funds. According to maritime lawyers, there are several ways for the shipowner to release the vessel.
They could either provide security, such as a bank guarantee or cash, have the claim withdrawn, or challenge the arrest in court. If the arrest persists, the court may order the ship to be sold "pendente lite" – meaning before the litigation concludes – with the proceeds held in court as security for the claim. The time taken for such a sale varies depending on buyer availability, while the underlying claim is resolved.
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