Precious Flowers Limited (“Precious Flowers,” or the “vessel owner”) owned a vessel, the M/V NALINEE NAREE, and time chartered the vessel to IBN Agrotrading GmbH (“IBN”). The time charter included a London arbitration clause. The Rice Company 1 (or “the shipper”) bought rice to ship to Togo. It voyage chartered the vessel from IBN to ship the rice, but the vessel allegedly had unseaworthy hatch covers and the rice was damaged. The voyage charter required arbitration in New York, and the bill of *531 lading 2 that would have issued, had the vessel not sailed early and the cargo not been damaged due to a storm, incorporated the terms of the voyage charter. Precious Flowers’ insurance company issued a letter of undertaking to The Rice Company, claiming jurisdiction in district court in Houston. The Rice Company brought suit in district court against Precious Flowers, IBN, and the vessel, seeking damages and making a motion to compel arbitration in New York and to stay the proceedings pending arbitration. The district court denied the motion and did not decide the liability issues. The Rice Company appealed.
I
Precious Flowers, a Philippine company, was the record owner of the vessel the MTV NALINEE NAREE. It time chartered the vessel to the disponent owner IBN, a German company. IBN then voyage chartered 3 the vessel to The Rice Company. The Rice Compаny bought rice that it planned to ship from Lake Charles, Louisiana to Togo. It loaded approximately 1,752 metric tons of its rice onto the vessel but had to leave port early because of the impending Hurricane Rita. It was forced to dock in Houston, and it later discovered that seawater had pierced the hold, allegedly due to unsea-worthy hatch covers, and had damaged the rice. Precious Flowers gave The Rice Company a letter of undertaking from its Protection and Indemnity Club, stating that jurisdiction of the suit would be in Houston. The Rice Company filed suit in District Court under Rule 9(h) of the Federal Rules of Civil Procedure (permitting designation of a pleading as аn admiralty or maritime claim), 28 U.S.C. § 1333 (providing original admiralty or maritime jurisdiction in district court), and 9 U.S.C. § 8 (of the Federal Arbitration Act, providing district courts with jurisdiction to direct arbitration for complaints brought for libel and seizure of a vessel). It listed the vessel, IBN, and Precious Flowers as Defendants, alleging that it had sustained damages of $760,000. In a separate motion, The Rice Company moved to compel arbitration in New York and stay the proceedings pending arbitration.
Precious Flowers filed a Claim of Owner in its in rem capacity arguing, inter alia, improper venue, lack of in personam jurisdiction, and failure to state a claim upon which relief can be granted. It restricted its appearance to an in rem defense under Rule E(8) of the Supplemental Rules for Certain Admiralty and Maritime Claims, reserving all other defenses. It also pled defenses under the Carriage of Goods by *532 Sea Act (COGSA) 4 in its answer to The Rice Company’s original complaint. The district court denied the motion to compel arbitration.
Whether arbitration ought to be compelled turns on three contracts. First, there is a voyage charter of September 9, 2005, between IBN, the “Time Charter/DisponenMOwners” of the vessel, and The Rice Company, the charterers. The terms of this voyage charter are incorporated into a second contract — the bill of lading or “cargo contract.” Finally, there is the September 16, 2005, time charter, a one-time contract between IBN, the dis-ponent owner, and Prеcious Flowers, the record owner of the vessel, for “one Timec-harter-trip” from Lake Charles to Togo, “duration about 45-48 days.”
The time charter between Precious Flowers and IBN 5 contains a Rider Clause 45(b), a broad arbitration clause requiring that “all disputes arising out of this contract shall be arbitrated in London.” 6 The parties rejected Rider Clause 45(a), a New York arbitration clause, by striking out each line of the clause and providing for London arbitration in Clause 45(b). The Time Charter also allows the charterers of the vessel (IBN) to act on behalf of Precious Flowers, providing,
30. Bills of Lading
(a) The Master shall sign the bills of lading for cargo as presented in conformity with mates receipts. However, the Charterers [IBN] may sign bills of lading on behalf of the Master, with the Owner’s prior written authority, always in conformity with mates receipts, without prejudice to this Charterparty.
-see also clause 58-
(b) All bills of lading shall be without prejudice to this Charter Party and the Charterers shall indemnify the Owners against all consequences or liabilities which may arise from any inconsistency between this Charter Party and any bills of lading signed by the Charterers or by the Master at their request.
58. Bills of Lading
Charterers and/or their agents are hereby authorized by Owners to sign on Master’s and/or Owner’s behalf Bills of Lading as presented in conformity with mate’s receipts records without prejudice to this Charter-Party.
In case the original bill/s of lading are not available upon vessel’s arrival at discharging port for any reason, the Master is to release the entire cargo to the Charterers order against presentation by Charterers or their agents of a single letter of indemnity with wording as per Owners standard P & I Club form, signed by Charterers only.
The voyage charter between IBN and The Rice Company is a pre-printed contract. The parties struck out the term “Owners” when that term first appears *533 and replaced “Owners” with “IBN AGRO-TRADING GMBH HAMBURG as Time-Charter /DisponenL-Owners.” The charter describes “THE RICE COMPANY ROSEVILLE CALIFORNIA” as the “Charterers.” Throughout the rest of the voyage charter the parties use the term “Owners” and “Charterers.” Precious Flowers is not a party to the voyage charter. The voyage charter, like the time charter, contains an arbitration clause but requirеs arbitration in New York rather than London, providing,
That should any dispute arise between Owners and Charterers, the matter shall be referred to three persons at New York, one to be appointed by each of the parties hereto, and the third by the two so chosen, their decision or that of any two of them shall be final, and for the purpose of enforcing any award, this agreement may be made a rule of the Court. The Arbitrators shall be commercial men. The arbitration is to be conducted in accordance with the rules of the Society of Maritime Arbitrators, Inc., of New York.
The third contract, a CONGEN form bill of lading, provides, “(1) All terms and conditions, liberties and exceptions of the Charter Party, dated as overleaf, including the law and Arbitration Clause, are herewith incorporated.”
The Rice Company as the shipper claims that because Precious Flowers, the vessel owner, permitted IBN in its time charter to execute bills of lading on the owner’s behalf pursuant to the time charter, and because IBN would have executed the bill of lading for the rice voyage, the owner is contractually bound to the bill of lading and the voyage charter incorporated into the bill of lading requiring New York arbitration. Precious Flowers argues that IBN cannot prove that IBN would have signed the bill of lading on behalf of Precious Flowers and that even if IBN signed for Precious Flowers, the New York arbitration clause does not apply to Precious Flowers. The time charter between IBN and Precious Flowers only permits IBN to sign bills of lading on behalf of Precious Flowers “without prejudice” to Precious Flowers. Furthermore, Precious Flowers is not a party to the voyage charter requiring New York arbitration, it argues, and it never agreed to arbitration. Precious Flowers argues,
there was no evidence presented that Precious Flowers ever intended, agreed, or consented to any party having authority to bind it to New York arbitration in contravention of the broad London arbitration clause in the Time Charter.
The shipper, in addition to arguing that the bill of lading binds the vessel owner to arbitration, provides two other lines of argument for compelling New York arbitration. First, it alleges that the term “Owner” in the voyage charter containing the New York arbitration clause is ambiguous, and that the term could be construed to include Precious Flowers. Second, it argues that because the disponent owners of the vessel (IBN) signed the voyage charter with the New York arbitration clause, any in rem disputes involving the vessel must also be arbitrated. In other words, it argues that the voyage charter compels the vessel to arbitrate and also requires the representative of the vessel to arbitrate. It would be impractical and senseless, urges The Rice Company, to require arbitration and allow a separate in rem proceeding in district court in that once arbitrated, the award cannot be challenged in district court. Along these same lines, it argues that because Precious Flowers filed a claim on behalf of its vessel after the rice was damaged and would potentially benefit from the bill of lading, it is estopped from *534 arguing that the bill’s arbitration clause does not apply.
The district court concluded that the New York arbitration clause of the voyage charter does not bind the vessel’s owner but rather its disponent owner (IBN), and that there is no contract binding Precious Flowers to New York arbitration. Nor does the in rem fiction of the vessel as defendant bind the vessel owner, the court held; “the vessel cannot be construed as an ‘owner’ or ‘charterer’ against whom the [New York arbitration] clause may be enforced.” The Rice Company appealed. We will affirm.
II
Reviewing de novo “the district court’s refusal to compel arbitration,” 7 we first address the voyage charter terms and the shipper’s claim that the voyage charter is ambiguous and includes Precious Flowers. When interpreting the terms of the charter party,
We must construe a charter “according to the intent of the parties as manifested by the whole instrument rather than by the literal meaning of any particular clause taken by itself.” 8
“[A]ny doubts concerning the scope of ar-bitrable issues should be resolved in favor of arbitration.” 9 In determining whether ambiguity exists, we view the disputed term “in the context of the entire charter party.” 10 In so doing, we find no ambiguity.
As we have observed, the parties, in the second line of the voyage charter, struck out the term “Owners” and inserted the term “IBN AGROTRADING GMBH HAMBURG as Time-Charter/Disponent-Owners.” The remainder of the text refers to “Owners.” The only mention of the “ship owners” is in Clause 32, “War risk,” providing, “For the purpose of this clause, the words: (a) ‘Owners’ shall include the ship owners, bare board charterers, dis-ponent Owners, manager or other operators who are charged with the management of the vessel, and the master.... ”
We think it clear from line 2, where the рarties replaced “Owner” with “IBN AGROTRADING GMBH HAMBURG as Time-Charter/DisponenWOwners,” and the use of the term “Owner” throughout the rest of the contract, 11 that “Owner” is the “disponent-owner” IBN, and not Precious Flowers. “Ship owners” are specifically referenced in only one Clause, and Precious Flowers did not sign the contract. We are persuaded that the parties to these instruments unambiguously structured their relationship such that the vessel owner was not a party to the voyage charter *535 containing the New York arbitration clause. 12
Ill
We now turn to The Rice Company’s claim that because Precious Flowers permitted IBN to sign bills of lading on behalf of the Master, the bill of lading that would have issued would have been signed by IBN as an agent of Preсious Flowers and would have bound Precious Flowers to New York arbitration. The Rice Company, as part of this claim, argues that in interpreting the language of the arbitration clause incorporated into the bill of lading, we should not consider whether the language of the arbitration clause is “broad” or “narrow,” as that is allegedly an outdated analysis.
“[T]he question of arbitrability is to be decided by the court on the basis of the contract entered into by the parties.” 13 Both the bill of lading and the voyage charter are contracts. 14 The voyage charter signed by IBN and The Rice Company contains a New York Arbitration clause, and the bill of lading that would have issued incorporates the arbitration clause. The parties do not dispute that the bill of lading incorporated the clause, but Precious Flowers argues that The Rice Company has presented no evidence showing that IBN would have signed on behalf of the Master and would have made Precious Flowers a party to the bill of lading. IBN could have signed for itself, as dis-ponent owner. And even if there were proof that IBN would have signed as Precious Flowers’ agent rather than signing for itself, the time charter permits IBN to sign on behalf of the Master only without prejudice to Precious Flowers.
Even assuming that the bill of lading would have been issued by IBN on behalf of Precious Flowers, for which there is no evidence in this case, 15 we are not *536 persuaded that Precious Flowers would have been bound by the New York arbitration clause incorporated into the bill of lading, given the terms of the New York arbitration clause.
The New York arbitration clause is not broad, as it provides “[t]hat should any dispute arise between Owners and Charterers, the matter shall be referred to three persons at New York.” 16 Contrary to The Rice Company’s claim, we do recognize the distinction between a broad and narrow arbitration clause. In Sedeo, Inc. v. Petróleos Mexicanos Mexican National Oil Co. (Pemex), we held that an arbitration agreement providing, “Any dispute or difference between the parties arising out of this Charter shall, at the request of either party, be referred to three arbitrators” was “of the broad type” and that arbitration should apply. 17 We followed the Second Circuit’s holding that
“[s]imply stated, a court should compel arbitration, and permit the arbitrator to decide whether the dispute falls within the clause, if the clause is ‘broad.’ In contrast, if the clause is ‘narrow,’ arbitration should not be compelled unless the court determines that the dispute falls within the clause. Specific words or phrases alone may not be determinative although words of limitations would indicate a narrower clause. The tone of the clause as a whole must be considered.” 18
Even where an arbitration provision is broad, requiring arbitration of “[a]ny and all differences and disputes ... arising out of this Charter,” we have declined to rеverse a district court’s order to stay arbitration, holding that where a complaint “is not the result of a difference or dispute arising out of the Charter,” the parties cannot be compelled to arbitrate. 19
The New York arbitration clause in the voyage charter applies only to disputes “between Owners and Charterers” and as we have discussed, the term “Owners” in the voyage charter refers to IBN as the disponent owner, not to Precious Flowers as the vessel owner. “Arbitration agreements apply to nonsignatories only in rare circumstances.” 20 Where “some written agreement to arbitrate” exists, federal courts have recognized “[s]ix theories for binding a nonsignatory to an arbitration agreement ...: (a) incorporation by reference; (b) assumption; (c) agency; (d) veil-piercing/alter ego; (e) es- *537 toppel; and (f) third-party beneficiary.” 21 The Rice Company’s argument, generously construed, urges three of these theories. By alleging that Precious Flowers bound itself to the charter party by allowing IBN to sign the bill of lading incorporating the voyage charter terms on its behalf, The Rice Company alleges a combination of incorporation by reference and agency. As we will explain, it also alleges that because the vessel “benefits from any defenses contained in the bill of lading,” Precious Flowers is estopped from arguing that it is not subject to the аrbitration clause incorporated into the bill of lading.
Bills of lading commonly incorporate charters and bind the signatories to the charter terms. 22 We have found arbitration clauses to be binding even where the terms of incorporation were not entirely clear, but that was when there was no chance that the parties were confused as to whether arbitration would apply. 23 In matters maritime the question of whether nonsignatories may be bound by an arbitration clause incorporated into a bill of lading is seldom reached.
Outside of the maritime context, we have consistently held that where parties have not signed an arbitration agreement, they cannot be compelled to arbitrate. “Who is actually bound by an arbitration agreement is a function of the intent of the parties, as expressed in the terms of the agreement.” 24 In Del E. Webb Construction v. Richardson Hospital Authority, a hospital authority contracted with an architect to supervise a construction project. The contract provided for arbitration. 25 The authority signed two other contracts with the construction contractor, and these contracts also contained arbitration clauses. 26 We held that the architect could not be compelled to participate in arbitration between the hospital authority and the construction contractor because the architect and construction contractor had “not agreed to arbitrate disputes between *538 them.” 27 In Bridas, an Argentinian energy corporation made an agreement with a Turkemenian production association, which represented the Government of Turkmenistan, to produce hydrocarbon. 28 We held that an arbitral tribunal did not properly exercise jurisdiction over the Government of Turkmenistan where the Government was not a signatory to the contract containing the arbitration clause. 29
At the same time, the core principle that the “FAA does not require parties to arbitrate when they have not agreed to do so” 30 is not offended by principles of agency familiar to the law of contracts. Directly put, where an agent signs a contract requiring arbitration, the principal is bound by the arbitration requirement. 31 That said, the distinction between a general grant of authority to sign on behalf of the Master and a grant that is conditioned by a requirement that the agent sign the bill of lading “without prejudice to the charter party” 32 is self-evident. Where a charter party contains fixture language similar to the language here, providing that “Charterers shall indemnify Owners from all consequences arising out of Master or agents signing Bills of Lading in accordance with Charterers’ instructions,” the Fourth Circuit has held that the charterer assumes “еxclusive responsibility for ... issuance of bills of lading.” 33 Precious Flowers’ and IBN’s time charter provided that IBN could sign bills of lading “without prejudice” to Precious Flowers and that “Charterers shall indemnify the Owners against all consequences or liabilities which may arise from any inconsistency between this Charter Party and any bills of lading signed by the Charterers or by the Master at their request.”
Precious Flowers expressly rejected a New York arbitration clause in its time charter with IBN and opted for a broad London arbitration clause, granting IBN the authority to sign on its behalf only “without prejudice” to Precious Flowers; the voyage charter arbitration clause was not broad and applied only tо any “dispute arising] between Owners [IBN, the dis-ponent owners] and Charterers [The Rice Company],” and Precious Flowers limited the authority of agents in signing bills of lading. Together, these circumstances persuade us that the bill of lading did not bind Precious Flowers. 34 The district *539 court did not err in holding that the bill of lading does not bind Precious Flowers to the voyage charter’s mandatory arbitration clause.
IV
Finally, we turn to The Rice Company’s claim that if the bill of lading contains any arbitration clause, the in rem vessel and the in personam representative of the vessel must be compelled to arbitrate. The Rice Company similarly alleges that by filing a Claim of Owner for the vessel in its in rem capacity, Precious Flowers is estopped from arguing thаt it is not subject the arbitration clause. 35 The Rice Company reasons that “[m]aritime law expressly forbids a party from re-litigating issues in an in rem proceeding against a vessel if those issues were decided in a previous arbitration” and that
[i]mplicit in this prohibition is the requirement that the vessel claimant arbitrate a dispute that is in any way subject to arbitration. Without this implicit requirement, a vessel claimant would be allowed to re-litigate arbitrated issues in subsequent district court litigation.
Adopting this reasoning would compel non-signatory vessel owners to arbitrate and would violate the principle that “[d]ue to its inherently contractual nature, arbitration may be ordered only for a dispute that the parties have agreed to arbitrate.” 36 The Second Circuit case cited by The Rice Company, Thyssen, Inc. v. Calypso Shipping Corp., holds that a party that was properly compelled to arbitrate in person-am may not later bring an in rem claim in court to attempt to cure its in personam claim that failed in arbitration. 37 It does not hold that a nonsignatory to an arbitration agreement may be compelled to arbitrate simply because that party brings an in rem claim for the vessel or because a bill of lading with an arbitration clause was issued for the vessel.
As Precious Flowers argues, the in rem proceeding exists so “that the vessel itself can be held liable for a debt that creates a maritime lien.” 38 The ship is its own entity in the in rem proceeding, 39 and “the owner bears no personal liability.” 40 This is so even where an agent has signed on behalf of the Master of the vessel; “[although signature as agent of *540 the vessel may confer in rem jurisdiction over the vessel once it sets sail with the cargo, it does not confer in personam jurisdiction over the owner.” 41 The sailing of the vessel ratifies the bill of lading but does not automaticаlly confer jurisdiction over a vessel owner. 42 Nor does a vessel owner’s Claim of Owner automatically subject the owner to in personam jurisdiction. 43
We have anticipated that arbitration of a portion of a dispute will lead to duplicated efforts and inefficiency if the dispute, once arbitrated, must then be resolved in court with nonsignatory parties. 44 But we have held that “any inconvenience or duplication of effort is a consequence of having agreed to arbitrate.” 45 Specifically, “duplication of effort, redundant testimony, and the possibility of inconsistent findings ... are the risks that parties to an arbitration clause must be considered to have contemplatеd at the time they struck their bargain.” 46 “‘The relevant federal law requires piecemeal resolution when necessary to give effect to an arbitration agreement.’ ” 47 This is so “ ‘notwithstanding the presence of other persons who are parties to the underlying dispute but not to the arbitration agreement,’ ” meaning that parties subject to arbitration will have to re-litigate issues with non-parties. 48
Although this result may be inconvenient to The Rice Company, we may not *541 force Precious Flowers, as an in rem or m personam complainant or Defendant, into an arbitration agreement that Precious Flowers didn’t sign. It is the case that Precious Flowers, by bringing a Claim of Owner and arguing defenses under COG-SA and the common law after The Rice Company filed a complaint with the federal district court in Houston, did not avail itself of the benefits of the vessel’s bill of lading before litigation commenced. 49 The district court did not err in so finding and in holding that direct benefit estoppel did not apply.
AFFIRMED.
Notes
. The Rice Company (Suisse) bought the rice,, and its pai'ent company, The Rice Company Roseville, chartered the vessel. We refer to both as “The Rice Company” or “the shipper.”
. "A Bill of Lading is a 'document which is signed by the carrier or his agent acknowledging that goods have been shipped on board a specific vessel that is bound for a particular destination and stating the terms on which the goods are to be carried.' ”
Hale Container Line, Inc. v. Houston Sea Packing Co.,
. “A charter party is 'a specialized form of contract for the hire of an entire ship, specified by name.’ ... [A] time charter provides for the charterer to obtain the vessel for a fixed period of time, and under a voyage charter, the charterer obtains the vessel for the length of a voyage.”
Keytrade USA, Inc. v. Ain Temouchent M/V,
. 46 U.S.C. § 30701.
. "Messrs. Precious Flowers Limited, Bangkok/Thailand Owners” and "Messrs. IBN-AGROTRADING GmbH Hamburg, Germany Charterers” signed the contract.
. Clause 45(b) provides, in part,
LONDON All disputes arising out of this contract shall be arbitrated at London and, unless the parties agree forthwith on a single Arbitrator, be referred to the final arbitrament of two Arbitrators carrying on business in London who shall be members of the Baltic Mercantile & Shipping Exchange and engaged in Shipping, one to be appointed by each of the parties, with power to such Arbitrators to appoint an Umpire. No award shall be questioned or invalidated on the ground that any of the Arbitrators is not qualified as above, unless objection to his action be taken before the award is made. Any dispute arising hereunder shall be governed by English Law.
.
Keytrade USA,
.
Nitram, Inc. v. Cretan Life,
.
Sedeo, Inc. v. Petróleos Mexicanos Mexican Nat. Oil Co. (Pemex),
.
Nitram,
. The voyage charter states, for example, "Owners to satisfy themselves about any restriction at loadingport but charterers confirm to know that there are minimum 9,55 m saltwater sailing draft loadingport”; "Vessel to be loaded at Owners’/Charterer's expense ... ”; "Charterers to pay Owners demurrage at the rate of US$ 14.000 per day or pro rata upto and including 3 days of demurrage“Owners to be free of any An}' extra insurance owing to vessel’s age, flag or Ownership.”
. Even if the contract were to be ambiguous, there is a powerful argument that the same result would follow — that we ought to construe the terms against the party who wrote the contract, particularly in light of the fact that Precious Flowers did not write the contract or participate in its negotiations and expressly rejected New York arbitration in its time charter with IBN.
See Zapata Marine Serv. v. O/Y Finnlines, Ltd.,
.
Commerce Park at DFW Freeport v. Mordian Const. Co.,
.
See Keytrade USA,
.The Rice Company argues that there is not "any dispute that the Vessel ratified the bill of lading and that the Vessel owner is contractually bound to the contract.” This is true, but as Precious Flowers argues, "The Rice Company offers no evidence that the vessel's Master would have authorized the bill to be issued for Precious Flowers, versus The Rice Company.” The Rice Company correctly points to
Lykes Lines Ltd. v. M/V BBC SEALANT),
. Emphasis added. The Rice Company concedes that the Second Circuit in
Import Export Steel Corp. v. Miss. Valley Barge Line Co.,
.
.
Id.
at 1145 n. 10 (quoting
Prudential Lines, Inc. v. Exxon Corp.,
.
Texaco, Inc. v. Am. Trading Transp. Co.,
.
Bridas S.A.P.I.C. v. Gov’t of Turkmenistan,
.
Hellenic Inv. Fund, Inc. v. Det Norske Ventas,
.
See, e.g., Cargill Ferrous Int’l v. SEA PHOENIX MV,
.
See, e.g., SEA PHOENIX,
.
Bridas,
.
. Id. at 147.
. Id. at 148.
.
. Id. at 351, 363.
.
Id.
at 353 n. 3 (quoting
Volt Info. Scis., Inc. v. Bd. of Tmstees of Ldand Stanford Junior Univ.,
. See id. at 357.
.
Keytrade USA,
.
Yeramex Int’l v. S.S. TENDO,
.The facts of SEA
PHOENIX
are somewhat similar to the facts here, but we reached a different result in that case based on several important distinctions. We held that a shipper who had signed the voyage charter and a bill of lading incorporating the arbitration clause of the voyage charter was bound to arbitration. We did not address the question of whether the vessel owner would be bound by the arbitration clause through agency principles.
SEA PHOENIX
differs substantially from this case because a) the disponent owner/carrier, not the vessel owner, had expressly granted authority to the agent to sign the bill of lading on its behalf,
.Specifically, The Rice Company argues, "The Vessel in rem is a party to the bill of lading, and any claimant of the vessel must arbitrate on behalf of the Vessel in rem pursuant to the incorporated arbitration clause.” Precious Flowers alleges that this is a new argument on appeal. In its motion to compel arbitration before the district court, The Rice Company argued that "the parties are bound to arbitrate this matter, whether or not they are direct or indirect parties to the bills of lading and/or the charter party." Generously construed, this phrase, combined with the motion’s discussion of Precious Flowers' in rem Claim of Owner, raised the argument before the district court.
.
Baton Rouge Oil & Chem. Workers Union v. ExxonMobil Corp.,
.
.
Perez & Compania (Cataluna),
S.A. v.
M/V MEXICO I,
.
Bank One La. N.A. v. MR. DEAN M/V,
.
Perez & Compania,
.
Asarco, Inc. v. Glenara, Ltd.,
. Id.
.
See Cactus Pipe,
.
Tai Ping Ins. Co., Ltd. v. M/V Warschau,
. Id. at 1144 n. 4.
. Id. at 1145 (internal quotations omitted).
.
Sedeo,
.
Id.
at 1148 (quoting
Tai Ping,
.
See, e.g., Hellenic Inv. Fund, Inc.,