Camden Iron & Metal, Inc. v. Bomar Resources, Inc.

COHEN, Senior District Judge:

I. BACKGROUND

Plaintiff, Camden Iron & Metal, Inc., (“Camden Iron” or “plaintiff”), a New Jersey corporation, instituted this action for an alleged breach of contract for the sale of scrap metals against Bomar Resources, Inc., (“Bomar” or “defendant”), a Netherlands Antilles corporation with a principal place of business in New Jersey. 1 Plaintiff alleges that defendant breached a contract entered into on November 13, 1986 (whereby plaintiff was to furnish to defendant approximately 23,000 long tons 2 of scrap metal and trim, load and stow it aboard a vessel…