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INDUSTRIA E. COMERCIO DE MINERIOS v. NOVA GENUESIS S., ETC.

No. 7933.

172 F.Supp. 569 (1959)

INDUSTRIA E. COMERCIO DE MINERIOS, S.A., Libellant, v. NOVA GENUESIS SOCIETA PER AZIONI PER L'INDUSTRIA ET IL COMMERCIO MARITIMO, Respondent.

United States District Court E. D. Virginia, Norfolk Division.

April 15, 1959.

Attorney(s) appearing for the Case

Michael B. Wagenheim, Norfolk, Va., Hill, Rivkins, Middleton, Louis & Warburton (George B. Warburton), New York City, for libellant.

Seawell, McCoy, Winston & Dalton (Leon T. Seawell, Jr.), Norfolk, Va., Ober, Williams, Grimes & Stinson (William A. Grimes), Baltimore, Md., for respondent.

John M. Hollis, U. S. Atty., Norfolk, Va., for the United States.

WALTER E. HOFFMAN, District Judge.

In the early part of 1953 the United States of America, acting by and through the Defense Materials Procurement Agency, entered into a contract with the named libellant (hereinafter referred to as ICOMI, "contractor", "shipper", or "charterer"), a Brazilian corporation, calling for the exploration for and production of manganese ore in Brazil; establishing a line of credit in favor of ICOMI with the Export-Import Bank,

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