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IN RE MILLENIUM SEA CARRIERS, INC.

No. 02-10180.

275 B.R. 690 (2002)

In re MILLENIUM SEACARRIERS, INC., et al.

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

March 25, 2002.

Attorney(s) appearing for the Case

Jeremy J.O. Harwood, Alan M. Weigel, Healy & Baillie, L.L.P., New York City, for Omni Nav.

Thomas Kent, Orrick, Herrington & Sutcliffe, New York City, for Wayland Investment.

Jon Arnason, Holland & Knight, New York City, co-counsel for Wayland Investment.

Christopher F. Graham, Jonathan D. Forstot, Thacher, Proffitt & Wood, New York City, for debtors.

MEMORANDUM OPINION AND ORDER

HAIGHT, Senior District Judge.

The captioned case is before this Court on an Order to Show Cause obtained on March 18, 2002 by Omni Navigation Ltd. ("Omni"), a Vanuatu corporation. Omni entered into a maritime contract of charterparty dated March 5, 2002 with Millenium Lady Inc., a Cayman Islands corporation and the owner of the M/S MILLENIUM MEXICO ("the MEXICO"). The charterparty called for the MEXICO to carry a cargo of grain...

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