OPINION AND ORDER
PEREZ-GIMENEZ, Chief Judge.
This is an admiralty action under the Interstate Commerce Act, 49 U.S.C. §§ 10761-10762, (1987 Partial Revision) and the Carriage of Goods by Sea Act, 46 U.S.C. §§ 1300-1312 (1975) ("COGSA"), removed to this Court pursuant to 28 U.S.C. § 1337 (1976 & Supp.1987). All relevant facts have been stipulated. We are here to adjudicate the action on the basis of each party's memorandum of...
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