United States Bankruptcy Court, M.D. Florida December 17, 1985, Bankruptcy Nos. 84-289-BK-J-GP through 84-332-BK-J-GP, Adv. No. 84-261 (Panocean Southland Inc. v. Charter International Oil Co. (In Re Charter Co.))

FINDINGS OF FACT AND CONCLUSIONS OF LAW

GEORGE L. PROCTOR, Bankruptcy Judge.

Introduction

The plaintiff, Panocean Southland Incorporated (“PSI”), commenced this adversary proceeding by filing a complaint to determine extent and validity of lien (the “Complaint”) on November 9, 1984.