Stolt Tankers B v. v. Geonet Ethanol, LLC

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

I. INTRODUCTION

On May 13, 2008, this Court granted an order attaching the assets of Geonet Ethanol, LLC (“Geonet”). Geonet now moves to vacate that attachment. For the following reasons, Geonet’s motion to vacate the attachment is denied.

II. BACKGROUND

A. The Contract of Affreightment

On June 1, 2007, Stolt Tankers B.V. (“Stolt”), a foreign business entity existing under the laws of the Netherlands, 1 entered into a Contract of Affreightment (“COA”) with Geonet, a business entity organized and existing under the laws of the United States…