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MATECO, INC. v. M/V ELLI

No. Civ. 98-1525(PG).

103 F.Supp.2d 70 (2000)

MATECO INC. and Celta Agencies, Inc., Plaintiffs, v. M/V ELLI, in rem, her engines, machinery, tackle, in rem, and Pan Ocean Shipping Coo., Ltd.; Panobulk America, Inc., Magna Marine Corp.; John Doe Chartering Corp.; Dongkuk Industries Co., Ltd.; Dongkuk International, Inc.; Perez & Co., Inc., Ocean Stevedores, Inc.; Insurance Companies Nos. 1 through 6; Insurance Company No. 7, and John Doe, in personam, Defendants.

United States District Court, D. Puerto Rico.

July 10, 2000.

Attorney(s) appearing for the Case

Antonio M. Bird, Jr., Bird, Bird & Hestres, San Juan, PR, Jose F. Sarraga-Venegas, San Juan, PR, for Mateco, Inc., Celta Agencies, Inc.

Dario Rivera-Carrasquillo, Pinto-Lugo & Rivera, San Juan, PR, Giancarlo Font-Garcia, Del Toro & Santana, Plaza Scotiabank, San Juan, PR, Jeannette M. Lopez, Pinto-Lugo & Rivera, San Juan, PR, for William H. McGee & Company.

Keith A. Graffam, Graffam & Biaggi, San Juan, PR, for M/V Elli, in rem, her engines, machinery, tackle, in rem, Pan Ocean Shipping Co., Ltd., Panobulk America, Inc., Magna Marine Corporation, Perez & Company, Inc., Ocean Stevedores, Inc.

Fernando D. Castro-Maldonado, Goldman Antonetti & Cordova, San Juan, PR, for Dongkuk Industries Co., Ltd., Dongkuk International, Inc.

OPINION & ORDER

PEREZ-GIMENEZ, District Judge

Before the Court in this case in admiralty are Defendant Pan Ocean Shipping Co., Ltd.'s ("POSC") Motion to Dismiss (Dkt.45) and Defendants Panobulk America, Inc.'s ("Panobulk") and POSC's Motion to Request Counter Security (Dkt.46).

FACTS

Plaintiffs Mateco Inc. and Celta Agencies, Inc. attempted to purchase steel rebars1 for use in the Puerto Rican market from...

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