Transmarine Seaways Corp. v. Marc Rich & Co. A. G.

MEMORANDUM

HAIGHT, District Judge:

Petitioner Transmarine Seaways Corp. of Monrovia (“Transmarine”) and Marc Rich & Co. A.G. (“Rich”) were parties to a commercial arbitration in New York City. Trans-marine was the owner of the tanker OCEAN VOYAGER. Rich chartered the vessel, in the form of a fixing telex and incorporated Exxonvoy 1969 form, to load a cargo of crude oil at a Persian Gulf port .for discharge into a larger tanker, the PEGASUS, or substitute vessel. The charterparty provided for arbitration of disputes before three commercial arbitrators in New York, and an arbitration in fact took…