WILLIAM B. SHUBB, District Judge.
Plaintiff WORLD FUEL SERVICES ("WFS"), by and through its counsel of record, Cox, Wootton, Griffin, Hansen & Poulos, LLP, having appeared and made the following recitals:
1. On or around November 22, 2013, and concurrently with this Proposed Order, the Verified Complaint herein was filed seeking the arrest and foreclosure sale of the Defendant Vessel M/V ESSEX STRAIT, IMO No. 9488566, its engines, tackle, machinery, furniture, apparel, appurtenances, etc. (the "Vessel"), to satisfy Plaintiff's claims as stated therein.
2. Subsequently, the Clerk was ordered by this Court to issue a Warrant for Arrest commanding the U.S. Marshal for the Central District of California to arrest and take into custody the defendant Vessel and to maintain it in his or her custody until further Order of this Court.
3. The defendant Vessel is currently located, or will be located during the pendency of this action, within in the Eastern Judicial District.
4. It is contemplated that the U.S. Marshal will seize the Vessel forthwith. The U.S. Marshal does not provide the services for the safekeeping of vessels he (or she) arrests.
5. National Maritime Services, Inc., as Plaintiff's designated Substitute Custodian, has agreed to assume the responsibility for the safekeeping the Vessel from the U.S. Marshal immediately after the Marshal has arrested the Vessel, and has consented to act as the Vessel's custodian until further Order of this Court, all for a sum, including for storage and routine services required for safekeeping of the Vessel, at its customary rates, as set forth in the Substitute Custodian's concurrently filed supporting declaration.
6. National Maritime Services, Inc., by declaration, avers that it has adequate personnel and supervision for the proper safekeeping of the Vessel, and that it possesses policies of insurance for Commercial Marine Liability, underwritten by St. Paul Travelers and SeaBright Insurance Company, with an aggregate coverage limit of $10,000,000.00.
7. Furthermore, in accordance with the terms of this Order, National Maritime Services, Inc., as Substitute Custodian accepts possession of and responsibility for the Vessel.
8. In consideration of the U.S. Marshal's consent to this substitution of custody, Plaintiff WFS agrees to release the United States and the U.S. Marshal from any and all liability and responsibility arising out of the care and custody of the Vessel, its engines, tackle, apparel, furniture, and all other appurtenances pertaining and belonging thereto, from the time the Marshal transfers possession of the Vessel to National Maritime Services as Substitute Custodian. Plaintiff WFS further agrees to hold harmless and indemnify the United States and the U.S. Marshal from any and all claims whatsoever arising out of the Substitute Custodian's possession and safekeeping of the Vessel.