Fednav International Ltd. v. Hellenic Investment Fund Inc., 2003 FC 1269

                                                                                                                                            Date: 20031030

                                                                                                                                         Docket: T-820-03

                                                                                                                               Citation: 2003 FC 1269

                   ADMIRALTY ACTION IN REM AGAINST "TRANQUILLITY" AND

                     IN PERSONAM AGAINST HELLENIC INVESTMENT FUND INC.

BETWEEN:

                                               FEDNAV INTERNATIONAL LIMITED

                                                                                                                                                          Plaintiff

                                                                                 and

                                               HELLENIC INVESTMENT FUND INC.

                                                                                 and

                                 THE OWNERS AND ALL OTHERS INTERESTED IN

                                                       THE SHIP "TRANQUILLITY"

                                                                                 and

                                                       THE SHIP "TRANQUILLITY"

                                                                                                                                                    Defendants

                                               ASSESSMENT OF COSTS - REASONS

MICHELLE LAMY, ASSESSMENT OFFICER

[1]                 On July 14, 2003, Mr. Justice Teitelbaum ordered that the Sheriff's costs, when taxed, be paid ahead of all other claims against the proceeds of sale of the vessel "Tranquillity".

[2]                 On October 28, 2003, Mr. Peter J. Cullen filed the Sheriff's bill of costs in the amounts of US $61,185.89 plus CDN $86,937.36 together with the consent of all parties.

[3]                 Since all parties have consented to the amounts claimed, the Sheriff's costs are taxed and allowed as requested.

DATED AT MONTREAL, THIS 30^TH DAY OF OCTOBER, 2003.

                                                                                                       Signed : « Michelle Lamy »         MICHELLE LAMY

                                                                                                    ASSESSMENT OFFICER

                                                                 FEDERAL COURT

                              NAMES OF COUNSEL AND SOLICITORS OF RECORD

COURT FILE NO.:                                                                               T-820-03

STYLE OF CAUSE:

                                               FEDNAV INTERNATIONAL LIMITED

                                                                                                                                                          Plaintiff

                                                                                 and

                                               HELLENIC INVESTMENT FUND INC.

                                                                                 and

                                 THE OWNERS AND ALL OTHERS INTERESTED IN

                                                       THE SHIP "TRANQUILLITY"

                                                                                 and

                                                       THE SHIP "TRANQUILLITY"

                                                                                                                                                    Defendants

ASSESSMENT IN WRITING WITHOUT PERSONAL APPEARANCE OF PARTIES

PLACE OF TAXATION:                                                               Montreal, Quebec

ASSESSMENT OF COSTS -

REASONS BY:                                                     MICHELLE LAMY, ASSESSMENT OFFICER

DATE OF REASONS:                                                                 OCTOBER 30, 2003

SOLICITORS OF RECORD:

Stikeman Elliot

Montreal, Quebec                                                                       for the Plaintiff

Borden Ladner Gervais

Montreal, Quebec                                                                       for the Respondents

and Caveator: Andrico Maritime Co. S.A.

Flynn Rivard

Montreal, Quebec                                                                       for Caveators: International Paints Inc., International Coatings Ltd., International Paint (Hellas) S.A.

De Man, Pilotte

Montreal, Quebec                                                                       for Caveators: Hermont Services, C & R Marine Inc., Crew Members, Det Norske Veritas AS, Turbotechniki Ltd.

Deputy Attorney General of Canada

Ottawa, Ontario                                                                          for Caveator: Her Majesty the Queen in Right of Canada represented by Tranports Canada