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IN RE TRANSPACIFIC CARRIERS CORP.

Bankruptcy No. 83 B 11775-78, Adv. P. 84-6101A.

50 B.R. 649 (1985)

In re TRANSPACIFIC CARRIERS CORPORATION, Hellenic Lines, Limited, Universal Cargo Carriers, Inc., Hellenic American Agencies, Inc., Debtors. Bruce D. SCHERLING, Trustee of Hellenic Lines, Limited, Plaintiff, v. TEXACO INTERNATIONAL TRADE, INC., Defendant.

United States Bankruptcy Court, S.D. New York.

July 1, 1985.

Attorney(s) appearing for the Case

Bruce D. Scherling, P.C., New York City, N.Y., for plaintiff; by Gustav P. Rech.

Peter A. Kast, White Plains, N.Y., for defendant.

DECISION

HOWARD C. BUSCHMAN, III, Bankruptcy Judge.

The trustee in bankruptcy initiated this adversary proceeding to recover, pursuant to 11 U.S.C. § 547 (1978), an allegedly preferential transfer made to Defendant, Texaco International Trade, Inc. ("Texaco") by Debtor Hellenic Lines Ltd. ("Hellenic") in payment for bunker fuel Texaco delivered to Hellenic. Texaco denies the avoidability of the transfer and has moved for summary judgment.

The...

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