Empresa Maritima De Transportes, S. A. v. Transatlantic & Pacific Corp.

PALMIERI, District Judge.

A libel has been filed, praying that the respondent be cited to appear and answer herein and that the Court thereupon order the dispute referred to arbitration. The controversy between the parties arises from libelant’s contention that respondent improperly took advantage of lay time available to the respondent under the terms of a charter party entered into between the litigants. The charter party, as alleged in the libel, provides that “in the event any dispute should arise under the charter, the same should be referred to arbitration before three parties in the…