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CONTINENTAL OIL CO. v. BONANZA CORP.

No. 80-2317.

677 F.2d 455 (1982)

CONTINENTAL OIL COMPANY, Plaintiff-Appellee, v. BONANZA CORPORATION and Republic Insurance Company, Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

Opinion on Rehearing and Rehearing August 2, 1982.

Attorney(s) appearing for the Case

Vinson & Elkins, Harold K. Watson, Houston, Tex., for defendants-appellants.

Eastham, Watson, Dale & Forney, Marion E. McDaniel, Jr., Houston, Tex., for Bonanza Corp.

Baker & Botts, Randy McClanahan, Houston, Tex., S. Gene Fendler, Liskow & Lewis, New Orleans, La., for plaintiff-appellee.

Before DYER, SAM D. JOHNSON and WILLIAMS, Circuit Judges.

Opinion on Rehearing and Rehearing En Banc August 2, 1982.

JERRE S. WILLIAMS, Circuit Judge:

This case calls upon us to descend into the depths of the maritime insurance world to determine when the raising of a sunken wreck is "compulsory by law." Continental Oil Company (Conoco) brought suit against Bonanza Corporation (Bonanza) and Republic Insurance Company (Republic) to recover expenses for removing the wreck of the Aqua Safari, an ill-fated 65 or 70 foot...

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