BOUDIN, Circuit Judge.
This marine insurance case, which turns on the meaning of an exclusion for "discoloration and corrosion," begins with an ocean shipment made in December 1995. At that time, the plaintiff-appellant, Central International Company ("Central") — a trading company doing business in Massachusetts — arranged for the transportation of galvanized steel coils from Aviles, Spain, to a customer in St. Vincent, West Indies, aboard the M...
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