Northern Tankers Cyprus Ltd. v. Lexmar Corp.

MEMORANDUM OPINION AND ORDER

SPRIZZO, District Judge.

Defendant in the above-captioned action moves to stay this action in favor of arbitration. For the reasons that follow, defendant’s motion is granted.

FACTS

During the period of June 27, 1990 through August 30, 1990, representatives of Sea Team, the Norwegian agent for Northern Tankers Cyprus Limited (“Northern Tankers”) negotiated with Lexmar Corporation of Liberia (“Lexmar”) 1 for the sub-charter of the “Independence,” which is owned by Northern Tankers. See Kim-ball Affid. at ¶ 7-11. On September 6, 1990, Lexmar indicated that it considered…