# Administration of Justice Act 1956, Section 47F: Ranking of arrestments on sale of ship chartered by demise


In any ranking process relating to the proceeds of sale of a ship (or any share in a ship), an arrestment of the ship (or share) executed before the sale by a creditor of the owner of the ship (or share) shall rank in preference over any arrestment of the ship executed on the dependence of an admiralty action against the demise charterer of the ship.

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Source: https://www.legislation.gov.uk/ukpga/Eliz2/4-5/46/section/47F (the official version)
Page: https://openlegislation.uk/administration-of-justice-act-1956/section-47F
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.