District Court, S.D. New York March 25, 1957 (Arbitration between Hugo Stinnes, G.m.b.H. & Paular Maritime Agency Corp.)

BICKS, District Judge.

The parties to this proceeding are signatories to a charter party by the terms of which the vessel “Christina Pezas, or at Owners’ option Liberty substitute in same position on any voyage” was chartered for the carriage of full cargoes of coal between certain United States east coast ports and specified continental ports.