SOLOMON, Chief Judge.
At the request of A. H. Bull & Co., Inc. (Bull), agent of the owner and managing operator of the SS SOUTHAMPTON, the Commercial Bank of North America (Bank) issued its letter of credit for $130,000.00 to the Administrator of the Marine Engineers Benevolent Association. The Association required the letter of credit to assure that wages earned by the engineering personnel of the fleet of Kulukundis Maritime Industries, Inc. (KMI) would be paid...
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