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NATIONAL IRANIAN OIL CO. v. COMMERCIAL U. INS. CO. OF N.Y.

No. 71 Civ. 2332.

363 F.Supp. 129 (1973)

NATIONAL IRANIAN OIL COMPANY, Plaintiff, v. COMMERCIAL UNION INSURANCE COMPANY OF NEW YORK et al., Defendants.

United States District Court, S. D. New York.

August 14, 1973.

Attorney(s) appearing for the Case

Lovejoy, Wasson, Lundgren & Ashton, New York City, for plaintiff by Douglas Foster, Jeffrey D. Saper, New York City, of counsel.

Gottesman, Wolgel & Smith, New York City, for defendant Commercial Union Ins. Co. of New York by Samuel Gottesman, New York City, of counsel.

Moore, Berson & Bernstein, New York City, for defendants P & F Industries, Inc. and Sidney Horowitz by Earle K. Moore, William M. Guttman, New York City, of counsel.

OPINION AND ORDER

KEVIN THOMAS DUFFY, District Judge.

This case arises out of two 1966 contracts* between the plaintiff National Iranian Oil Corp. (hereinafter "NIOC") and Torrance Machinery and Engineering, Inc. (hereinafter "TME"), a California corporation which was the predecessor to Kencol, Inc. The contract provided for the construction and management of two pipe mills in Iran. During the course of performance, several disputes...

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