Transportes Caribe, S.A. v. The M/v Feder Trader, Her Engines, Tackle, Etc., in Rem

POLITZ, Circuit Judge:

Contending that the district court lacked jurisdiction to order the posting of coun-tersecurity under Rule E(7) of the Supplemental Rules for Certain Admiralty and Maritime Claims, Transportes Caribe, S.A. appeals. Finding the requisite jurisdiction and concluding that the counterclaim is not patently frivolous, we affirm.

Background

Transportes and Flota Marítima Mexica-na executed a charter party for Flota’s vessel, the M/V FEDER GULF. Flota subsequently substituted the M/V FEDER TRADER. The charter party provided for the arbitration of any dispute arising thereunder.

A…