SMIT TAK INTERNATIONAL ZEESLEEPEN BERGINGSBEDRIJF B.V. v. SELCO SALVAGE LTD. AND OTHERS

[1988] 2 Lloyd's Rep. 398

CHANCERY DIVISION

Before Mr. Justice Warner

Salvage - Remuneration - Plaintiffs and defendants co-operated in salvaging a number of ships - Defendants assigned its rights to bank - Plaintiffs entitled to set-off - Date at which right of set-off could be exercised - Whether effect should be given to equitable doctrine of marshalling - Whether enquiry as to damages should be ordered.