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FIRST NAT. BANK OF BOSTON v. BECKWITH MACH. CO.

No. 93-3631.

56 F.3d 577 (1995)

The FIRST NATIONAL BANK OF BOSTON, Plaintiff-Appellee, v. BECKWITH MACHINERY COMPANY, Intervenor-Appellant, v. VIKING MARITEC, INC., Defendant.

United States Court of Appeals, Fifth Circuit.

June 13, 1995.

Attorney(s) appearing for the Case

Peter J. Butler, Aubrey B. Hirsch, Jr., Locke, Purnell, Rain, Harrell, New Orleans, LA, Reed, Smith, Shaw & McClay, Eric A. Schaffer, Pittsburgh, PA, for appellant.

David S. Willenzik, Rudy J. Cerone, Timothy H. Scott, McGlinchey, Stafford, Lang, New Orleans, LA, for appellee.

Before JOHNSON, BARKSDALE and DeMOSS, Circuit Judges.

PER CURIAM:

This case revolves around the construction and financing of a towboat. In 1992, Viking Maritec, Inc. ("Viking") and Avondale Industries, Inc. ("Avondale") entered into a contract for Avondale to build a towboat for Viking in exchange for a purchase price of $2.8 million. Viking entered into a credit agreement with First National Bank of Boston ("FNBB") to finance the purchase price due Avondale and to pay for other equipment for the vessel. FNBB agreed...

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