Allstate Insurance Company, a Corporation and Delta Overseas, Inc., a Corporation v. Imparca Lines, a Foreign Corporation

R. LANIER ANDERSON, Circuit Judge:

Appellant, Imparca Lines (“Imparca”), appeals from the judgment of the district court holding it liable to the appellee for the value of the contents of a container which was lost or stolen before final delivery to the consignee. We reverse.

FACTS

In July, 1977, Delta Overseas, Inc. (“Delta” or “shipper”), a company engaged in the business of importing and exporting electronic equipment, received an order for equipment from Shiba Electronic S. A. (“Shiba”), a Venezuelan company. On July 13, 1977, Delta obtained a 20-foot cargo container from Imparca. Delta’s…