Afram Lines International, Inc. v. The M/v Capetan Yiannis, Engines, Tackle, Apparel, Etc., in Rem, Brotherhood Shipping Co., Ltd., in Personam

ATKINS, Senior District Judge:

This is an appeal from a district court order requiring the appellant, Afram Lines International, Inc. (“Afram”), to post coun-tersecurity pursuant to Rule E(7) of the Supplemental Rules for Certain Admiralty and Maritime Claims (“Rule E(7)”). The order required Afram to post countersecurity in the amount of $4,724,475.74. For the reasons set forth below, we hold that the district court abused its discretion in requiring Afram to post this sum. We therefore VACATE the district court’s order and REMAND the case for further proceedings consistent with this opinion.

A