COMMODITY OCEAN TRANSP. CORP. OF NEW YORK v. ROYCE


221 A.D.2d 406 (1995)

633 N.Y.S.2d 541

Commodity Ocean Transport Corporation of New York et al., Respondents, v. Joseph E. Royce et al., Appellants. (And a Third-Party Action.)

Appellate Division of the Supreme Court of the State of New York, Second Department.

November 13, 1995


Ordered that the orders are affirmed insofar as appealed from, with one bill of costs.

The plaintiff Commodity Ocean Transport Corporation, Panama, S. A. (hereinafter COTCO Panama) is a Panamanian corporation which operates a shipping business that charters bulk cargo vessels in a pool arrangement. It directly engages only in international commerce. All of the vessels in the pool are "foreign flag vessels" and as such are expressly prohibited by law from participating...

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