MEMORANDUM OPINION
MOTLEY, District Judge.
Plaintiff, XM International ("XM"), filed this admiralty and maritime action on August 5, 1996. Plaintiff's claims concern a shipment of galvanized nails allegedly damaged in transit from China to the United States in April 1996 ("the Yong Jiang shipment"). Plaintiff filed claims against China Ocean Shipping Company ("COSCO"), the shipper, M/V Yong Jiang ("Yong Jiang"), the ship, Phoenix Assurance Co. ("Phoenix...
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