Explorer Marine Partners Ltd. and Bluewater Rigging Ltd.

Active

Proceeding: Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
Court: Supreme Court of British Columbia
File: S231107

Filings held6

Last activity17 Apr 2023

On the record1,313 days

OverviewSummary updated 19 August 2026

Explorer Marine Partners Ltd. and Bluewater Rigging Ltd. have been in receivership since February 16, 2023, when the Supreme Court of British Columbia appointed MNP Ltd. as Receiver and Manager on the application of the Canadian Imperial Bank of Commerce under section 243(1) of the Bankruptcy and Insolvency Act and section 39 of the Law and Equity Act, court file S231107. CIBC holds all-assets security over both companies for $1,440,000; Wells Fargo Capital Finance Corp. Canada holds all-assets security over Explorer, and Andrew and Lindsey Macdonald and the Garrod Family Trust hold all-assets security over Bluewater, with several lenders holding specific motor vehicle security. CRA asserts deemed trust claims of $105,000 in source deductions and $35,000 in GST against Bluewater. The Receiver estimates realizable value of $200,000 for inventory and equipment and $60,000 for a boat. The proceeding remains active.

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Case updates6 dated entries

17 Apr 2023

#Filing

Service List — Service list

PDF · Subscribers

10 Mar 2023

#Order

Order approving Auction was filed.

Source: Order approving Auction

6 Mar 2023

#Filing

Notice of Application was filed. Court file S231107.

Source: Notice of Application

3 earlier updates, back to 16 February 2023 — subscribers.

Parties

Debtor

Explorer Marine Partners Ltd. and Bluewater Rigging Ltd.

Receiver

MNP

Bench and counselPer the orders and service lists on the record

Bench

Judge	Court	On this docket	Cases on record
Justice Crerar	Supreme Court of British Columbia	1 order, Mar 2023	6 cases on record

Counsel of record

Party	Counsel	First seen	Source
CreditorNancy Anne Glerup and Jan Bergfors Glerup	Ridgway & Company	17 Apr 2023	Service list · 17 Apr 2023

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Deemed trusts (CRA and other)	CRA - Source Deductions · in 7 casesAll Assets — Deemed trust class; amount stated in $000's per table header — debtor: Bluewater · as of 16 Feb 2023	$105K	Form 87

This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.

167 more claims across lower-ranking classes

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Sale processAs stated in the filings

Sale approved — Order authorizes the Receiver to enter the Auction Agreement, conduct the Auction, and vests Auction Assets in purchasers at the AuctionOrder approving Auction · 10 Mar 2023

Purchaser	Price	Status	Source
each purchaser at the Auctions, unnamedthe Debtors' assets recovered from the Granville Island and North Vancouver locations (the "Auction Assets") · auction	Subscribers	Approved10 Mar 2023	Order approving Auction

AdvisorsAble Solutions Inc. (auctioneer); Yacht Sales West Inc. (listing broker)Receiver's First Report to Court

Closing termsUpon completion of the Auction Transactions and delivery of the Purchaser's Bill of Sale, the Receiver shall file a certificate certifying the Auction Transactions have closed.Order approving Auction

Documents6 filings

Date	Document	File
17 Apr 2023	Service List Counsel Ridgway & Company	PDF · Subscribers

10 Mar 2023	Order approving Auction Closing terms Upon completion of the Auction Transactions and delivery of the Purchaser's Bill of Sale, the Receiver shall file a certificate certifying the Auction Transactions have closed. Order date 10 March 2023 Presiding officer Justice Crerar Purchaser each purchaser at the Auctions, unnamed · the Debtors' assets recovered from the Granville Island and North Vancouver locations (the "Auction Assets") · auction · approved + 3 more extracted facts	PDF · Subscribers

2 Mar 2023	Receiver's First Report to Court Operational summary The Companies had ceased operations and terminated all employees prior to the receivership, and the Receiver is now liquidating the remaining marine service parts, inventory and tools through auctions at the four leased locations. Cash on hand · Disbursements · Financial position Subscribers + 7 more extracted facts	PDF · Subscribers

28 Feb 2023	Form 87 Financial position · Secured creditors · Unsecured creditors Subscribers	PDF · Subscribers

16 Feb 2023	Receivership Order dated February 16, 2023 Applicant Canadian Imperial Bank of Commerce Appointee MNP Ltd. Appointee role Receiver and Manager Commencement date 16 February 2023 + 3 more extracted facts	PDF · Subscribers

—	Notice of Application Applicant MNP Ltd., Court-appointed Receiver of Explorer Marine Partners Ltd. and Bluewater Rigging Ltd. Appointee MNP Ltd. Appointee role Court-appointed receiver Commencement date 6 March 2023 + 2 more extracted facts	PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Explorer Marine Partners Ltd. and Bluewater Rigging Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/explorer-marine-partners-and-bluewater-rigging