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ELITE INC. v. TEXACO PANAMA INC.

No. 90 Civ. 7913 (JES).

777 F.Supp. 289 (1991)

ELITE INC., Petitioner, v. TEXACO PANAMA INC., Respondent.

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

November 5, 1991.

Attorney(s) appearing for the Case

Healy & Baillie, New York City, Jack A. Greenbaum, of counsel, for petitioner.

Hill Rivkins Liesberg O'Brien Mulroy & Hayden, New York City, Carlos G.E. Rameh, Douglas R. Burnett, of counsel, for respondent.

MEMORANDUM OPINION AND ORDER

SPRIZZO, District Judge.

Petitioner, Elite Inc., ("Elite") moves to vacate an arbitration award issued by the American Arbitration Association (the "AAA") on November 14, 1990. Respondent, Texaco-Panama Inc. ("Texaco") cross-moves to confirm that award. For the reasons that follow, petitioner's motion is denied, and respondent's motion is granted.

BACKGROUND

On or about May 25, 1988, Texaco chartered the M/T...

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