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ATLANTA SHIPPING CORP., INC. v. CHEMICAL BANK

No. 84 Civ. 8862 (GLG).

631 F.Supp. 335 (1986)

ATLANTA SHIPPING CORPORATION, INC., Plaintiff, v. CHEMICAL BANK, Defendant.

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

As Amended March 26, 1986.

Attorney(s) appearing for the Case

Michael P. Arra, New York City, for plaintiff.

Zalkin, Rodin & Goodman, New York City, for defendant; Richard S. Toder, Andrew D. Gottfried, William H. Schrag, of counsel.

GOETTEL, District Judge:

In June 1976, plaintiff Atlanta Shipping Corporation ("Atlanta"), a Liberian corporation then engaged principally in the business of shipping, entered into a shipping contract with International Modular Housing, Inc. ("IMH"), a Delaware corporation that was then engaged in the business of purchasing modular homes in the United States, shipping them to Saudi Arabia, and selling them there. Under the terms of the shipping contract, referred...

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