Trans Caribbean Lines, Inc. v. Tracor Marine, Inc., Kurt's Marine Diesel, Inc., Defendant-Third Party Continental Insurance Co., Third-Party

SIMPSON, Senior Circuit Judge:

The parties agree as to the pertinent historical facts. Kurt’s Marine Diesel, Inc., (Kurt’s) a Florida Corporation, purchased a manufacturer’s and contractor’s liability insurance policy from Continental Insurance Co., an insurer licensed to do business in the State of Florida. Kurt’s was subsequently sued by International Trans Caribbean Navigation, Inc., and Trans Caribbean Lines, Inc., the Panamanian corporations which respectively owned and operated the M/V CARIBE FREEZE. The complaint alleged, inter alia, that the plaintiffs had hired Kurt’s to supervise…