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MATTER OF ARBITRATION BETWEEN KEYSTONE SHIPPING CO. & TEXPORT OIL, CO.

No. 91 Civ. 5794 (DNE).

782 F.Supp. 28 (1992)

In the Matter of ARBITRATION BETWEEN KEYSTONE SHIPPING CO., and Chas. Kurz & Co., Inc., Petitioners, and TEXPORT OIL COMPANY, Respondent.

United States District Court, S.D. New York.

January 27, 1992.

Attorney(s) appearing for the Case

Peter A. Junge, Lilly Sullivan Purcell Barkan & Junge, New York City, for petitioner.

John R. Foster, Waesche, Sheinbaum & O'Regan, New York City, for respondent.

OPINION & ORDER

EDELSTEIN, District Judge:

BACKGROUND

Petitioner Chas. Kurz & Co., Inc. ("Kurz") owns the United States flag tanker Valley Forge (the "vessel"), which it operates through an affiliated company, petitioner Keystone Shipping Corporation ("Keystone"). In April 1991, respondent Texport Oil Company ("Texport") chartered the vessel to carry gasoline blending stocks from a United States Gulf port to an east coast port. The contract...

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