ORDER
GADBOIS, District Judge.
On February 10, 1992, this Court heard plaintiff's motion for summary judgment or in the alternative for summary adjudication of issues. Dennis Seider of Seider & Cohan appeared for plaintiff The GF Company. David E.R. Woolley of William, Woolley, Cogswell, Nakazawa & Russell appeared for defendant Pan Ocean Shipping Company, Ltd. Having considered
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