MEMORANDUM & ORDER
ANDREW L. CARTER, JR., District Judge.
I. Introduction
Plaintiff Progress Bulk Carriers ("PBC") seeks indemnity from Defendant American Steamship Owners Mutual Protection and Indemnity Association ("American Club") under a mutual indemnity contract PBC was a party to for losses incurred by a third party's refusal to accept shipments of steel. Pursuant to a term of the contract, the claim was adjudicated in the first...
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