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  5. 770 F.2d 262 (1985)
 

MATTER OF RIO GRANDE TRANSPORT, INC.

Nos. 84-7896, 84-7898.

770 F.2d 262 (1985)

In the Matter of the Complaint of RIO GRANDE TRANSPORT, INC., as Owner of S.S. Yellowstone, For Exoneration From or Limitation of Liability, Plaintiff, In the Matter of the Complaint of COMPAGNIE NATIONALE ALGERIENNE DE NAVIGATION, as Owner of the Motorvessel IBN Batouta, For Exoneration From or Limitation of Liability, Plaintiff-Appellant, v. RIO GRANDE TRANSPORT, INC. and Embassy of Tunisia, Claimants-Appellees.

United States Court of Appeals, Second Circuit.

Decided August 8, 1985.

Attorney(s) appearing for the Case

Richard H. Brown, Jr., New York City, (Kirlin, Campbell & Keating, Alexander E. Rugani, New York City, of counsel), for plaintiff-appellant.

William M. Pinzler, New York City, (Leon, Weill & Mahony, Tenzer, Greenblatt, Fallon & Kaplan, Edward L. Sadowsky, Jerome Lipper, New York City, of counsel), for claimant-appellee Tunisia.

Robert B. Pohl, New York City, (Burlington Underwood & Lord, Richard J. Reisert, New York City, of counsel), for claimant-appellee Rio Grande Transport.

Before LUMBARD, FRIENDLY, and PRATT, Circuit Judges.

GEORGE C. PRATT, Circuit Judge:

The sole issue before us is whether the district court abused its discretion by awarding prejudgment interest from the dates the parties entered into settlement agreements that neither specified time for payment nor provided for payment of interest. Finding that interest should not have been charged until a reasonable time had elapsed after the agreements were concluded, we reverse and remand for further proceedings.

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