Document ID: chunk:federal_register_of_legislation:F2016C00720:reg:69
Version: federal_register_of_legislation:F2016C00720
Segment Type: reg
Provision Reference: reg 69
Character Range: 55483–56383

69  Orders for valuation and sale
 (1) The court may, on application by a party to a proceeding and either before or after final judgment in the proceeding, order that a ship or other property that is under arrest in the proceeding:
 (a) be valued;
 (b) be valued and sold; or
 (c) be sold without valuation.
 (2) An application for valuation or sale of a ship or other property must be in accordance with Form 26.
 (3) An order for valuation or sale of a ship or other property must be in accordance with Form 27.
 (4) An application under subrule (1) constitutes an undertaking by the party who made it to pay, on demand, to the Marshal an amount equal to the amount of the costs and expenses of the Marshal in complying with the order.
 (5) If the ship or property is deteriorating in value, the court may, at any stage of the proceeding, either with or without application, order it to be sold.