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VAZMAN, S. A. v. FIDELITY INTERNATIONAL BANK

No. 76 Civ. 2275

418 F.Supp. 1084 (1976)

VAZMAN, S. A., Plaintiff, v. FIDELITY INTERNATIONAL BANK, Defendant.

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

September 1, 1976.

Attorney(s) appearing for the Case

Morrison, Paul, Stillman & Beiley, New York City, for plaintiff; Edward Farman, New York City, of counsel.

Fried, Frank, Harris, Shriver & Jacobson, New York City, for defendant; Robert E. Juceam, New York City, of counsel.

Freehill, Hogan & Mahar, New York City, for plaintiffs-intervenors; Philip V. Moyles, New York City, of counsel.

OPINION

EDWARD WEINFELD, District Judge.

Vazman, S.A. ("Vazman"), a corporation organized under the laws of the Kingdom of Spain and not doing business in this District, commenced this action against the defendant Fidelity International Bank ("Fidelity") to recover demurrage allegedly due under the terms of a letter of credit issued by Fidelity for the account of Texas Trading & Milling Corp. ("Texas Trading") in connection with the latter's purchase...

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