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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