South Hampton Co. v. Stinnes Corp.

ALVIN B. RUBIN, Circuit Judge:

This breach of contract diversity case turns on the interpretation of contracts by which a petroleum refiner agreed with an oil buyer to construct a petroleum terminal and to deliver large quantities of diesel and heavy oil at the completed terminal over a ten-year period. Directed by a Texas court’s interpretation of a notably similar contract, subsequent to the trial of this case, we conclude that the refiner breached the contract and, therefore, vacate the district court’s judgment in favor of the refiner, , . . , The buyers counterclaim sought dam- „ ,, ,, „…