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  5. 952 F.Supp. 1046 (1997)
 

CONT. INS. v. LONE EAGLE SHIPPING LTD. (LIBERIA)

No. 94 CIV. 3306 (DLC).

952 F.Supp. 1046 (1997)

CONTINENTAL INSURANCE COMPANY, Corvette Cover Underwriters 1993, Tugu Insurance Company, China Insurance Company, Protector Forsikring as, Oslo, Mitsui Marine and Fire Insurance Co., Ltd. Tokyo, FAI General Insurance Company Limited (Australia), New York Marine and General Insurance Co., Homestead Insurance Co., and Certain Underwriters at Lloyds, Plaintiffs, v. LONE EAGLE SHIPPING LTD. (LIBERIA), and The Royal Bank of Scotland PLC, Defendants.

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

January 17, 1997.

Attorney(s) appearing for the Case

John A.V. Nicoletti, Thomas M. Rittweger, Nicoletti Hornig & Sweeney, New York City, for Plaintiffs.

Terry L. Stoltz, Barbara Gonzalez, Burlingham Underwood L.L.P., New York City, for Defendants.

OPINION

COTE, District Judge:

This is an admiralty action arising out of damage to the M/V ALPHA STAR ("ALPHA STAR"), a 21-year-old Ore/Bulk/Oil ("OBO") carrier, sustained during a voyage from Port Cartier, Quebec to Fos-Sur-Mer, France, in December 1993. Plaintiffs are various insurance companies which issued a time hull insurance policy to the ALPHA STAR. Defendant Lone Eagle Shipping Ltd. (Liberia) ("Lone Eagle") is the owner of

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