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INTERCONTINENTAL TRANSPORTATION CO. v. S.S. YUKON

No. 64 Ad. 694.

250 F.Supp. 867 (1966)

INTERCONTINENTAL TRANSPORTATION CO., Inc., Libelant, v. S.S. YUKON (formerly S.S. Natalie), her engines, boilers, etc.

United States District Court S. D. New York.

February 8, 1966.

Attorney(s) appearing for the Case

Burke & Parsons, New York City, for libelant; Raymond J. Burke, Thomas A. Dillon, Jr., New York City, of counsel.

Zalkin & Cohen, New York City, for Arthur G. Syran, trustee in bankruptcy; Henry Lewis Goodman, New York City, of counsel.

Dougherty, Ryan, Mahoney & Pellegrino, New York City, for Maryland Ship Ceiling Co., Inc.; James B. Wallace, Jr., New York City, of counsel.

Crowell, Rouse & Varian, New York City, for William H. Swan & Sons, Inc.; E. C. Rouse, New York City, of counsel.

Schulman, Abarbanel & Kroner, New York City, for Seafarers Welfare Plan, Seafarers Vacation Plan and Michael DeVelez; Arthur Abarbanel, New York City, of counsel.

WEINFELD, District Judge.

The libelant, by this motion for summary judgment made pursuant to Admiralty Rule 58, seeks to have declared valid and to foreclose a First Preferred Mortgage on the S.S. Yukon, formerly the S.S. Natalie. Libelant, which had been the owner of the vessel, sold it to Transasia Marine Corporation, which executed and delivered the mortgage to libelant to secure part payment of the purchase price for the vessel. Several months after the transaction...

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