“…amount of security to be provided, but it is now well established that a claimant is entitled to security for its reasonably arguable best case (The Moschanthy [1971] 1 Lloyd’s Rep 37). A third potential dispute, as in the present case, concerns the terms on which security is to be provided.…”
“…a ship from arrest is limited to the amount of the claim, plus interest and costs, on the basis of the claimant’s reasonably arguable best case (The Moshcanthy [1971] 1 Lloyd’s Rep 37, at p. 44) the ship arrested may well be considerably more valuable than the claim – so potentially giving rise to a sense of unfairness where security cannot …”