MEMORANDUM OPINION AND ORDER
CLARKE, District Judge.
On the morning of February 2, 1976, the Tank Barge STC 101, owned by plaintiff, Steuart Transportation Company (hereinafter referred to as "Steuart"), sank in the Chesapeake Bay approximately four miles south of Smith Point Light. The barge carried a full cargo of approximately 19,700 barrels of # 6 oil owned by defendant, Amoco Oil Company. A portion of this cargo of oil was lost following the sinking...
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