Court of Appeals for the Fifth Circuit March 5, 1973, 72-1366 (Lake City Stevedores, Inc., Plaintiff-Appellee-Cross v. East West Shipping Agencies, Inc., Defendant-Appellant-Cross)

WISDOM, Circuit Judge:

In this case a stevedoring company seeks to recover from a subagent of a ship-charterer the value of services rendered to the ship. The district court held that although the defendant acted as an agent for a disclosed principal it bound itself for fifty percent of the stevedoring charges. We reverse on this issue.

I.