Legal Opinion
American Tramp Shipping and Development Corporation v. Coal Export Corporation
Court of Appeals for the Fourth Circuit
Decided March 23, 1960No. 8076_1PublishedCited by 16 opinions
1Per curiam
Pursuant to an order of the District Court, the SS “Valiant Power” was sold at public auction on March 1, 1960, to satisfy a default judgment against the vessel’s owner, Power Steamship Corporation. The successful bid was that of the appellant here, American Tramp Shipping and Development Corporation, in the amount of $75,000.
Within the two day period permitted by the local admiralty rule, exceptions to the Marshal’s report of sale were filed by a number of interests. Among them was an intervening party libellant, Coal Export Corporation, holder of a mortgage on the vessel, securing a balance…
2Cases cited2 opinions
- Jacobsohn v. LarkeyCourt of Appeals for the Third Circuit · 1917
- American Trading & Production Corp. v. ConnorCourt of Appeals for the Fourth Circuit · 1940
3Cited by16 opinions
- Munro Drydock, Inc. v. M/V HeronCourt of Appeals for the First Circuit · 1978
- First National Bank of Jefferson Parish v. M/v Lightning Power, Eagle Fleet, Inc., Intervenor-AppellantCourt of Appeals for the First Circuit · 1985
- Latvian Shipping Co. v. Baltic Shipping Co.Court of Appeals for the Fifth Circuit · 1996
- Golden v. Oil Screw Frank T. ShearmanCourt of Appeals for the Fourth Circuit · 1972
- Merrill-Stevens Dry Dock Co. v. M/V "Laissez Faire"Court of Appeals for the Fifth Circuit · 1970
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