LIPEZ, Circuit Judge.
Resolved in the district court on the basis of its admiralty jurisdiction, this case involves a contract dispute over the disposal of a sunken ship. We must decide whether the district court had admiralty jurisdiction over this matter and, if so, whether the district court correctly ruled that the relief sought by the Puerto Rico Ports Authority ("PRPA") was barred by the doctrine of laches. Because we answer both questions in the affirmative...
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