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AMERICAS INS. CO. v. SEAGULL COMPANIA NAVIERA

No. 1352, Docket 85-7253.

774 F.2d 64 (1985)

AMERICAS INSURANCE COMPANY, as Subrogee of Universal Petroleum Company, Ltd., Plaintiff-Appellant, v. SEAGULL COMPANIA NAVIERA, S.A., As Owner of the T/T ATHENIAN and the West of England Shipowners Mutual Protection and Indemnity Association (Luxembourg), Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided October 9, 1985.

Attorney(s) appearing for the Case

Edward C. Radzik, New York City (Donovan, Maloof, Walsh & Kennedy and Richard E. Repetto, New York City, of counsel), for plaintiff-appellant.

Anthony J. Mavronicolas, New York City (Hill, Rivkins, Carey, Loesberg, O'Brien & Mulroy and Patrick V. Martin, New York City, of counsel), for defendant-appellee Seagull Compania Naviera, S.A.

Before VAN GRAAFEILAND and PRATT, Circuit Judges, and RE, Chief Judge, United States Court of International Trade.

VAN GRAAFEILAND, Circuit Judge:

Americas Insurance Company, underwriter-subrogee of Universal Petroleum Company, Ltd., appeals from that portion of a judgment of the United States District Court for the Southern District of New York (Goettel, J.), which set off separate arbitration awards in favor of Universal and appellee Seagull Compania Naviera, S.A. resulting in only a net recovery by Americas on its subrogated claim against Seagull. For reasons stated herein...

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