Legal Opinion
D'Amico Dry Ltd. v. Primera Mar. (Hellas) Ltd.
Court of Appeals for the Second Circuit
Decided March 29, 2018No. 16-3125-cv; August Term 2016PublishedCited by 16 opinions
1Opinion of the Court
Debra Ann Livingston, Circuit Judge:
Plaintiff-Appellant d'Amico Dry Limited ("d'Amico") is a shipping company and Defendant-Appellee Primera Maritime (Hellas) Limited ("Primera") is a ship management company. In 2008, d'Amico sold a derivative financial instrument known as a forward freight agreement ("FFA") to Primera. Under the FFA, d'Amico was obligated to pay Primera if the mean market rates for shipping on certain types of vessels on certain routes during certain months exceeded an agreed-upon rate. In turn, Primera was obligated to pay d'Amico if the market rate was less than the…
2Cases cited20 opinions
- Chambers v. Nasco, Inc.Supreme Court of the United States · 1991
- Grupo Dataflux v. Atlas Global Group, L. P.Supreme Court of the United States · 2004
- Kossick v. United Fruit Co.Supreme Court of the United States · 1961
- Gallop v. CheneyCourt of Appeals for the Second Circuit · 2011
- Norfolk Southern Railway Co. v. James N. Kirby, Pty Ltd.Supreme Court of the United States · 2004
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3Cited by16 opinions
- Washington v. BarrCourt of Appeals for the Second Circuit · 2019
- Travelers Prop. Cas. Co. of Am. v. Ocean Reef Charters LLCDistrict Court, W.D. New York · 2018
- D'Amico Dry D.A.C. v. Primera Mar. (Hellas) Ltd.District Court, S.D. Illinois · 2018
- Lightering LLC v. Teichman Grp., LLCDistrict Court, S.D. Texas · 2018
- Adams v. HafenDistrict Court, D. Utah · 2024
11 more not listed; retrieve them via the Exa API.