Compania Pelineon De Navegacion, S. A. v. Texas Petroleum Company

BRIEANT, District Judge:

Plaintiff-appellant, Compañía Pelineon De Navegación, S.A. (“Pelineon”), as owner of the chartered petroleum tanker S.S. CAPETAN MATHIOS (“the Mathios”), seeks to review a final judgment entered in the Southern District of New York upon oral decision and written findings following a bench trial. The trial court awarded plaintiff damages in the total amount of $75,-258.05, including interest, arising out of loss of use of the vessel, and directed that each party bear its own costs.

On September 29, 1972 at Tumaco, Colombia, while under a long-term time charter to Gulf…