Interpool Ltd. v. Through Transport Mutual Insurance

ORDER DIRECTING THE PARTIES TO ARBITRATION, AND STAYING THE PENDING ACTION IN THIS COURT.

MEMORANDUM

JAMES LAWRENCE KING, Chief Judge.

THIS CAUSE arises upon the Defendant’s motion to stay the proceeding and compel arbitration.

FACTS

Interpool Ltd and C.T.C. corporation, the parties bringing this action, were the owners of certain containerized cargo equipment which was leased to Mayan Lines and Imparca, shipping companies. Both Mayan Lines and Imparca insured this equipment with Through Transport Mutual Insurance Ltd.

The insurance contract between Mayan/Imparca and Through Transport required…