KeyBank National Association v The Ship “Blaze” - [2007] 2 NZLR 271

Admiralty — Mortgage over ship — Yacht registered in foreign country — Yacht subject to mortgage registered in foreign country — Sale of yacht in New Zealand — Purchaser registering financing statement on register of personal securities — Whether purchaser or mortgagee having priority — Whether PPSA applying to vessel under 24 m in length — Ship Registration Act 1992, s 70.

Commercial law — Personal property securities — Yacht registered in foreign country — Yacht subject to mortgage registered in foreign country — Sale of yacht in New Zealand — Purchaser registering financing statement on register of personal securities — Whether purchaser or mortgagee having priority — Whether PPSA applying to vessel under 24 m in length — Ship Registration Act 1992, s 70.