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FIRST MARYLAND LEASECORP. v. M/V GOLDEN EGRET

No. 83-7674.

764 F.2d 749 (1985)

FIRST MARYLAND LEASECORP., a corporation, et al., Plaintiff-Crossclaim Defendant/Counter-Claimant-Appellant, Jeffreys Steel Co., Inc., Intervenor-Plaintiffs and Cross-Claim Plaintiffs-Appellees, v. The M/V GOLDEN EGRET, et al., Defendants-Appellees.

United States Court of Appeals, Eleventh Circuit.

July 1, 1985.

Attorney(s) appearing for the Case

Alex F. Lankford, III, J. Hodge Alves, III, Neil C. Johnston, Mobile, Ala., for First Maryland Leasecorp.

Samuel M. McMillan, Mobile, Ala., for Bayou Lighting & Supply, intervenors.

Thomas E. Bryant, Charles N. McKnight, Mobile, Ala., for Standard Equipment Co., and Bell & Co., intervenors.

Lawrence Voit, Mobile, Ala., for Steel City Erection & Crane Rental Co., and Jeffreys Steel Co., Inc., intervenors.

Irvin Grodsky, Mobile, Ala., for Collier Shipbuilding, Inc. (as owner & claimant).

James D. Brooks, Ray Morgan Thompson, Mobile, Ala., for Inland Offshore Supply, Inc., intervenors.

Thomas E. Bryant, Jr., Charles N. McKnight, Mobile, Ala., for Johnson Machine Shop, Inc., intervenors.

Edgar P. Walsh, Mobile, Ala., for Bayou Cash & Carry, Inc., intervenors.

W. Borden Strickland, Mobile, Ala., for Industrial Welding Supplies, intervenors.

Before GODBOLD, Chief Judge, ANDERSON, and THORNBERRY, Circuit Judges.

R. LANIER ANDERSON, III, Circuit Judge:

First Maryland Leasecorp ("FML") appeals from a decision of the district court and challenges several of the district court's conclusions of law.

I. FACTS

Collier Shipbuilding Co., Inc. ("Collier") originally agreed with Camcraft, Inc., a Louisiana corporation engaged in offshore petroleum exploration, to build and deliver six offshore petroleum exploration supply vessels known as Builder's Hull Nos. 24-29...

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