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AMERICAN TRAMP SHIP. & DEV. CORP. v. COAL EXPORT CORP.

No. 8076.

276 F.2d 570 (1960)

AMERICAN TRAMP SHIPPING AND DEVELOPMENT CORPORATION, Appellant, v. COAL EXPORT CORPORATION, Appellee.

United States Court of Appeals Fourth Circuit.

Decided March 23, 1960.

Attorney(s) appearing for the Case

R. Arthur Jett, Norfolk, Va., (Poles, Tublin & Patestides, New York City, and Jett, Sykes & Coupland, Norfolk, Va., on brief), for appellant.

John W. Winston, Norfolk, Va., (Seawell, McCoy, Winston & Dalton, Norfolk, Va., on brief), for appellee.

Before SOBELOFF, Chief Judge, and SOPER and BOREMAN, Circuit Judges.

PER CURIAM.

Pursuant to an order of the District Court, the SS "Valiant Power" was sold at public auction on March 1, 1960, to satisfy a default judgment against the vessel's owner, Power Steamship Corporation. The successful bid was that of the appellant here, American Tramp Shipping and Development Corporation, in the amount of $75,000.

Within the two day period permitted by the local admiralty rule, exceptions...

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