CYR, Circuit Judge.
The central question in this case — whether the $500 per-package limit on ocean carriage liability imposed by the Carriage of Goods by Sea Act (COGSA), 46 U.S.C.App. § 1304(5), is applicable to an oil drilling rig — requires the court to consider for the first time the COGSA-related "fair opportunity" doctrine.
I
BACKGROUND
Puerto Rico Electric Power Authority (PREPA) contracted with Henley...
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