Valerie Shipping Inc. v. Korea Line Singapore PTE, Ltd.
Filing
157
ORDER GRANTING 155 Stipulation For Partial Distribution of Funds from the Proceeds of Sale of the Vessel M/T BLUE JADE. Signed by Judge Jeffrey S. White on 7/22/11. (jjoS, COURT STAFF) (Filed on 7/22/2011)
Case3:11-cv-00911-JSW Document155-1
Filed07/21/11 Page1 of 2
I JOHN D. GIFFIN, CASB No. 89608
john.giffin@kyl.com
ELIZABETH P. BEAZLEY, CASB No. 138198
elizabeth.beazley@kyl.com
3 JAMES A. MARISSEN, CASB No. 257699
james.marissen@kyl.com
4 TARA B. VOSS, CASB No. 261967
tara.voss@kyl.com
5 KEESAL, YOUNG & LOGAN
A Professional Corporation
6 400 Oceangate, P.O. Box 1730
Long Beach, California 90801-1730
7 Telephone: (562) 436-2000
Facsimile: (562) 436-7416
8
Attorneys for
9 NORDEA BANK FINLAND PLC, Singapore Branch
10
11
UNITED STATES DISTRICT COURT
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NORTHERN DISTRICT OF CALIFORNIA
13
14
Case No. CV 110911 JSW
I VALERIE SHIPPING INC.,
Plaintiff,
15
16
VS.
17
I KOREA LINE SINGAPORE PTE, LTD.,
18
[PROPOSED] ORDER GRANTING
PARTIAL DISTRIBUTION OF SALE
PROCEEDS
Defendant
19
irm
20
NORDEA BANK FINLAND PLC,
21 SINGAPORE BRANCH.
22
Intervening Plaintiff.
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II TO ALL PARTIES AND THEIR COUNSEL OF RECORD:
The Court having considered the stipulation of VALERIE SHIPPING INC.,
II NORDEA BANK FINLAND PLC, SINGAPORE BRANCH, ULTRAGAS
27 INTERNATIONAL S.A,, NATIONAL MARITIME SERVICES, INC., and MARIANNE
28 KIRK A/S as well its file herein, and for good cause showing, HEREBY ORDERS THAT:
KYL_LB1421922
-1[PROPOSED] ORDER GRANTING PARTIAL DISTRIBUTION OF SALE PROCEEDS Case No. CV 110911 JSW
Case3:11-cv-00911-JSW Document155-1
1
1.
Filed07/21/11 Page2 of 2
The amount of USD$950,000 incurred by NATIONAL MARITIME
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I SERVICES INC. in custodial expenses for the Vessel is hereby deemed reasonable and
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I valid custodia legis expenses in this action.
4
2.
The Clerk of the Court shall issue a check made payable to
5 NATIONAL MARITIME SERVICES INC. in the amount of USD$950,000 from the
6 proceeds of the sale of the Vessel as full and final payment of any and all
custodia legis
7 expenses incurred by it in this action.
8
9
3.
The Clerk of the Court shall issue a check made payable to
ULTRAGAS INTERNATIONAL S.A. in the amount of USD$61,135.66 from the proceeds
10 of the sale of the Vessel as full and final payment of any and all
custodia legis expenses
11 incurred by it in this action.
12
4.
The Clerk of the Court shall issue a check made payable to the
13 UNITED STATES MARSHALS SERVICE in the amount of US$50,825.00 from the
14 proceeds of the sale of the Vessel as full and final payment of any and all fees and
15 commissions arising from the sale of the Vessel.
16
5.
That the August 12, 2011, hearing on Nordea’s Motion for Entry of
17 Default Judgment is hereby vacated and that the Court will proceed to enter a separate
18 order of default judgment in rem against the proceeds of the sale of the M/T BLUE
19
JADE, IMO No. 9419735, her masts, boilers, cables, engines, machinery, etc. in favor of
20 Nordea in the amount of USD$36,594,459.13.
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IT IS SO ORDERED.
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22nd
SIGNED this _____day of July, 2011.
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U.S. DISTRICT COURT JUDGE
KYL_LB1421922
-2 [PROPOSED] ORDER GRANTING PARTIAL DISTRIBUTION OF SALE PROCEEDS Case No. CV 110911 JSW
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