Atlantic Lines Limited v. American Motorists Insurance Company

VAN GRAAFEILAND, Circuit Judge:

This is an appeal from a decision and order of the United States District Court for the Southern District of New York denying recovery to plaintiff under a Container and Chassis Policy issued by defendant. The facts, which were introduced by stipulation, are uncomplicated. Beginning in April 1971, appellant leased approximately 700 pieces of equipment, including containers and chassis, for use on ships which it operated out of New York City. Upon termination of appellant’s liner service in October 1972, pier personnel discovered the loss of 2 containers and 7…