SAND, District Judge.
These consolidated actions grow out of a shipment of cargo from Foochow and Dairen in The People's Republic of China ("PRC") to Lagos, Nigeria. The cargo was shipped from PRC to Hong Kong, where it was transshipped and loaded aboard the M/V SEA QUEEN I ("Sea Queen"). The Sea Queen sank in the South Atlantic off the coast of South Africa on March 20, 1977.
Plaintiff cargo interests, all of whom are foreign corporations,
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