Court of Appeals for the Fifth Circuit February 22, 1982, 81-3037 (General Electric Credit & Leasing Corporation v. Drill Ship Mission Exploration, in Rem, Foods and Services, Inc., Claimant-Appellant)

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United States · · · 22-02-1982

TATE, Circuit Judge:

A vessel was seized and sold upon foreclosure of a preferred ship mortgage. 46 U.S.C. §§ 951-54. The present appeal stems from proceedings to rank liens. The contest is between the seizing mortgage creditor (“General Electric”) and an intervenor (“Foods Services”) presenting claims advanced as priming the seizing creditor’s right to the proceeds.

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