Bosarge Offshore, LLC v. Compass Bank

Bosarge Offshore, LLC ("Offshore"), and Kenny G. Bosarge ("Bosarge") (hereinafter referred to jointly as "the plaintiffs") appeal from a judgment as a matter of law entered in favor of Compass Bank. We affirm.

Facts and Procedural History

Kenny Bosarge has been a shipbuilder for nearly 30 years. One of the vessels he commonly builds is an "offshore oil field service vessel," which is used to deliver supplies and personnel to offshore oil-drilling facilities in the Gulf of Mexico. Once such a vessel is completed, it is sold to an "operator," a company that will use it to deliver supplies and…