MATTER OF BANKERS TRUST CO.

Nos. 80-2366, 80-2367 and 80-2444.

658 F.2d 103 (1981)

In the Matter of the Complaint of BANKERS TRUST COMPANY As Owner-Trustee and Monsanto Company As Chartered Owner, and Keystone Shipping Co., As Chartered Owner and Operator of the S.S. EDGAR M. QUEENY, for Exoneration from and Limitation of Liability and VILLANEUVA COMPANIA NAVIERA, S.A., Amoco Overseas Oil Company, and Amoco Transport Company, Third-Party Plaintiffs, v. BETHLEHEM STEEL CORPORATION, General Electric Company, and The William Powell Company, Third-Party Defendants. Appeal of VILLANEUVA COMPANIA NAVIERA, S.A., in Nos. 80-2366, 80-2444. Appeal of B.P. OIL INC. and Sohio Petroleum Company in No. 80-2367. In the Matter of Complaint of VILLANEUVA COMPANIA NAVIERA, S.A., Owner of the tank vessel CORINTHOS, for Exoneration From and Limitation of Liability, ROYAL GLOBE INSURANCE COMPANY, Intervenor Plaintiff. NATIONAL GRANGE MUTUAL INSURANCE COMPANY and Insurance Company of North America v. BETHELEM STEEL CORPORATION and General Electric Company and The William Powell Company, Third-Party Defendants, v. BRITISH PETROLEUM, LTD.; B.P. Oil Inc. and Sohio Petroleum Company, Third-Party Defendants, Appeal of VILLANEUVA COMPANIA NAVIERA, S.A., in Nos. 80-2366, 80-2444.

United States Court of Appeals, Third Circuit.

Decided August 13, 1981.

Rehearing and Rehearing Denied October 8, 1981.


Attorney(s) appearing for the Case

Richard W. Palmer (argued), Vernon C. Miller, Jr., Robert F. Russell, Palmer, Biezup & Henderson, Philadelphia, Pa., for Villaneuva Compania Naviera, S.A., appellant in Nos. 80-2366 and 80-2444 and appellee in No. 80-2367.

Benjamin F. Stahl, Jr., Edward V. Cattell, Jr. (argued), James W. Johnson, Stuart M. Goldstein, Wm. Stanley Sneath, Clark, Ladner, Fortenbaugh & Young, Philadelphia, Pa., for BP Oil, Inc. and Sohio Petroleum Co., appellants in No. 80-2367 and appellees in No. 80-2366.

James F. Young (argued), Thomas Fisher, III (argued), Krusen, Evans & Byrne, Philadelphia, Pa., for Bankers Trust Co., Monsanto Co., and Keystone Shipping Co., in Nos. 80-2366, 80-2367, 80-2444.

Before SEITZ, Chief Judge, and ALDISERT and GIBBONS, Circuit Judges.


Rehearing and Rehearing In Banc Denied October 8, 1981.

OPINION OF THE COURT

SEITZ, Chief Judge.

Villaneuva Compania Naviera, S.A. (Villaneuva) appeals from an order of the district court setting the market value of the ship CORINTHOS at $2.73 million and denying Villaneuva prejudgment interest. BP Oil, Inc. and Sohio Petroleum Company (BP/Sohio) appeal from an order of the district court denying BP/Sohio prejudgment interest and applying the legal...

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