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TRANSMARINE SEAWAYS CORP. v. MARC RICH

No. 79 Civ. 1439-CSH.

480 F.Supp. 352 (1979)

In the Matter of the Arbitration between TRANSMARINE SEAWAYS CORP. OF MONROVIA, as Owner of the M. S. OCEAN VOYAGER, Petitioner, v. MARC RICH & CO. A. G., as Charterer, Respondent.

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

June 15, 1979.

Attorney(s) appearing for the Case

Healy & Baillie, New York City, for petitioner; Jack A. Greenbaum, New York City, of counsel.

Milgrim, Thomajan, Jacobs & Lee, New York City, for respondent; Robert A. Meister, Samuel D. Rosen, Robert Thomajan, New York City, of counsel.

MEMORANDUM

HAIGHT, District Judge:

Petitioner Transmarine Seaways Corp. of Monrovia ("Transmarine") and Marc Rich & Co. A.G. ("Rich") were parties to a commercial arbitration in New York City. Transmarine was the owner of the tanker OCEAN VOYAGER. Rich chartered the vessel, in the form of a fixing telex and incorporated Exxonvoy 1969 form, to load a cargo of crude oil at a Persian Gulf port for discharge into a larger tanker, the PEGASUS, or substitute...

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