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INTERPOOL LTD. v. U.S. FIRE INS. CO.

No. 82 Civ. 2866 (MEL).

553 F.Supp. 385 (1983)

INTERPOOL LIMITED, Transamerica ICS Inc., CTI-Container Leasing Corp., and Seaco Inc., Plaintiffs, v. UNITED STATES FIRE INSURANCE COMPANY, Defendant.

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

As Corrected January 19, 1983.

Attorney(s) appearing for the Case

Ober, Grimes & Shriver, Baltimore, Md., for plaintiffs; Gerard A. Dupuis, New York City, James B. Wieland, Baltimore, Md., of counsel.

Vincent, Berg, Russo, Marcigliano & Zawacki, New York City, for defendant; Frank M. Marcigliano, Alexander Lesyk, New York City, of counsel.

LASKER, District Judge.

This action arises from the insolvency of Seatrain Lines, Inc. and its subsidiaries ("Seatrain"), international common carriers by water. Plaintiffs allege that they leased ocean cargo containers and related equipment to Seatrain pursuant to leases which required Seatrain to procure insurance covering the equipment for the benefit of the plaintiffs. Seatrain obtained the required insurance from United States Fire Insurance Co. ("U.S. Fire"...

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