launched in 2000 as Al Mirqab, she had her hull assembled in Durban, South Africa, and then finished at the Oceanco yard in the Netherlands to the design of the A Group.

The union for maritime workers, Nautilus International representing the up to 40 crew members who were owed collectively a reported €1 million-plus in unpaid salaries, accepted the request, but several other creditors declined.

[10] The auction did not proceed however, as one day earlier, the court approved a €35 million private offer made by Sea Beauty Yachting Limited on behalf of unnamed clients.

Credityacht was ordered to pay the difference between their initial bid and the final sale price as penalty for defaulting.

[11][12] After the sale, the yacht was brought back to her builder for an extensive refit by the design of Reymond Langton as project 105H.