Court of Appeals for the Fifth Circuit November 5, 1981, No. 81-3010 (Parfait v. Central Towing, Inc.)

JOHN R. BROWN, Circuit Judge:

The push boat RAYCO 2, the central figure in this lawsuit, was constructed in 1975 by Rayco Shipbuilders and Repairers, Inc. Central Towing, Inc., a small corporation formed by Raymond Acosta, a principal of Rayco Shipbuilders, for the sole purpose of owning and operating the boat, took possession of RAYCO 2.