EDWARD J. RYAN, Bankruptcy Judge.
On March 13, 1972, Sterling Navigation Co., Ltd. ("Sterling") entered into a shipping contract with Newfoundland Export & Shipping Co., Ltd. ("Newfoundland") whereby the parties agreed that a minimum of 17,000 long tons ("L/T's") of newsprint would be shipped by Sterling for Newfoundland at a rate of $41.00 per L/T. Clause 13 of the contract set forth the shipping dates as well as the minimum quantity to be moved at each date...
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