Magnolia Petroleum Co. v. Jared

CHRISTENBERRY, Chief Judge.

This action was brought by Magnolia Petroleum Company, as owner, and Jocharanne Tugboat Corporation, as purchaser, of the M/Y J. L. LATIMER against the Tug JARED to recover damages allegedly sustained by the LATI-MER while in tow of the JARED. The case was tried in open Court and was thereafter extensively briefed by the parties, and the Court, having considered the evidence and the briefs of the parties, now makes the following findings of fact and conclusions of law.

FINDINGS OF FACT

I

At the times hereinafter mentioned Magnolia Petroleum Company was a 'Texas…