MEMORANDUM OPINION
KEADY, Chief Judge.
In this admiralty action, plaintiff American River Lines, Inc., (ARL) seeks recovery of three barges from defendant Central Soya Company (CSY), the bare-boat charterer. The dispute concerns the right of ARL to withdraw the barges from a charter party after late tender of charter hire by CSY. On the facts set forth below, the court addresses CSY's motion for summary judgment.
A. THE FACTS
In 1970 and...
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