MEMORANDUM AND ORDER
BUE, District Judge.
This suit involves the validity of a cargo insurance clause in a contract of affreightment, wherein all rights of subrogation against the carrier have been waived by the assured, the cargo owner, pursuant to the written agreement of cargo underwriters as contained in the provisions of the cargo insurance policy.
The facts have been stipulated and agreed to by the parties. Tenneco, owner of a quantity of O...
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