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Old 06-06-2014, 03:03 PM   #13
Sailor of Fortune
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City: St Augustine,Fl
Join Date: Sep 2009
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" In your case, just curious, who had possession of the boat during the litigation? Seems to me that the salvors should retain possession and, within a reasonable time, ownership rights if a bill isn't paid. I am not a maritime lawyer but to me, that sounds reasonable."
I didn't "arrest" the boat, although I could have. As a small business owner, I didn't have the money to do this- just as the insurance company hoped. By the terms of the contract, security should have been posted in the amount of the claim, of which the award could have been taken out of. What people need to understand in this situation was that the mediater (Federal judge) slapped the peepe of the insurance company. They would not negotiate or play fair on any level.
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