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TOKIO MARINE & FIRE INS. CO., LTD. v. M/V SAFFRON TRADER

No. 02 Civ. 5369(SAS).

257 F.Supp.2d 651 (2003)

TOKIO MARINE & FIRE INSURANCE CO., LTD. and Marubeni Corporation, Plaintiffs, v. M/V SAFFRON TRADER, its engines machinery, tackle, etc., in rem, v. The Sanko Steamship Co., Ltd., in personam, Defendants.

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

March 24, 2003.

Attorney(s) appearing for the Case

Lawrence B. Brennan, New York City, for Plaintiffs.

Garth S. Wolfson, New York City, for Defendant The Sanko Steamship Co., Ltd.

OPINION AND ORDER

SCHEINDLIN, District Judge.

Tokio Marine & Fire Insurance Co., Ltd. ("Tokio Marine") and Marubeni Corporation ("Marubeni") bring this admiralty and maritime action to recover damages for cargo shipped from the United States to Japan. Plaintiffs claim that the carrier of the cargo breached the Charter Party and Bills of Lading. Plaintiffs move to compel arbitration and stay these proceedings. For the reasons set forth below, plaintiffs...

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