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Court Vacates Vessel Attachment Order (access required)

A Norfolk U.S. District Court denies a motion to vacate an attachment order against a vessel in order to allow claimants to pursue its alter ego claims. In 2008, plaintiff Flame S.A. entered into Four Freight (Swap) Agreements (FFAs) with defendant International Carriers Inc. (ICI), concerning certain shipping routes defined by the Baltic Exchange. ICI breached ...

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