Seguros Banvenez S.A. v. S/S Oliver Drescher
Court of Appeals for the Second Circuit
1Opinion of the Court
VAN GRAAFEILAND, Circuit Judge:
Compania Anonima Venezolana De Navegacion (Venline), a Venezuelan steamship Corporation, appeals from an order of the United States District Court for the Southern District of New York (Motley, C.J.) requiring it to post security for release from arrest of the ship M/V Oliver Drescher, which was owned by Containerline Joachim Drescher, K.G. (Drescher), a German limited partnership. On December 6, 1981, while Venline was operating the vessel under a sub-charter from KAP Shipping Corporation, to whom it had been time-chartered by Drescher, five large mobile cranes…
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