MEMORANDUM OF DECISION AND ORDER
KELLEHER, Senior District Judge.
PROCEDURAL BACKGROUND
On February 26, 1991, North End Oil, Ltd. ("NEO") filed a complaint in rem against the vessel M/V Ocean Confidence. This Court issued a warrant for the arrest of the vessel. On March 1, 1991, claimant Mitsui O.S.K. Lines, Ltd. ("Mitsui"), entered a restricted appearance, to defend on behalf of the vessel. Mitsui eventually substituted a letter of credit...
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