American President Lines, Ltd., Appellee/cross-Appellant v. United States, Appellant/cross-Appellee
Court of Appeals for the Federal Circuit
1Opinion of the Court
SKELTON, Senior Circuit Judge.
In this case, that involves two trade-in agreements and two use agreements between the plaintiff American President Lines, Inc. (APL) and the defendant United States, which provide for the transfer of four obsolete ocean-going vessels from the plaintiff to the Government, with interim use by the plaintiff pending its construction of a new modern ship in a Government shipyard, the Claims Court reformed the agreements and awarded damages of one-half the lay-up costs of the obsolete vessels to the plaintiff against the Government in the sum of $1,146,364.00 in a…
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