OPINION AND ORDER
KOELTL, District Judge.
This admiralty action arises from the loss of cargo that occurred when the vessel M/V "STAR OF ALEXANDRIA" ("STAR OF ALEXANDRIA" or the "vessel") sank during its April 1989 voyage across the Atlantic. The plaintiff Carbotrade SpA ("Carbotrade"), who had chartered the vessel from her owners, brings this action on its own behalf and as an assignee of Essex Cement Co. ("Essex"), the subcharterer of the vessel...
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