In Re the Complaint of Compania Naviera Marasia S. A.

MEMORANDUM OPINION

HAIGHT, District Judge:

The ex parte application of plaintiff shipowner for preliminary injunctive relief pur suant to the limitation of liability statute, 46 U.S.C. §§ 183 et seq., raises a question of significance with respect to the appropriate security which must be posted in order to invoke the benefits of the statute.

In its complaint, plaintiff alleged that it is the owner of the Spanish flag motorvessel ATLANTICO which, on August 31,1978, bound from Cadiz, Spain to Salerno, Italy, collided in the Strait of Gibraltar with the Panamanian flag motor-vessel JOLLY AZZURRO.…