LANIER, Judge.
This action is a suit in contract for recovery of insurance proceeds allegedly due as a result of the sinking of the towboat, M/V MISS JULIE MAC, in the Gulf of Mexico. Suit was filed by Gulf Wide Towing, Inc. (Gulf Wide), owner of the M/V MISS JULIE MAC, against F.E. Wright (U.K.) Limited (F.E. Wright), Kasko & Lager International, LTD. (Kasko & Lager), Grand Union Insurance Co., LTD. (Grand Union), Great Intercontinental Insurance Company...
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