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Shipping Corporation of India Ltd. v. Jaldhi Overseas Pte Ltd.

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Argued: May 5, 2009

Before: FEINBERG, WINTER, and CABRANES Circuit Judges.

This case is based on a dispute between a company incorporated in India and a company incorporated in Singapore over an accident that occurred in India while one company was shipping products to China; the dispute was to be arbitrated in England. Because the parties’ banks had accounts in New York banks, electronic fund transfers (“EFTs”)*fn1 between one party involved in the dispute and third parties passed through New York electronically for an instant. Under Winter Storm Shipping, Ltd. v. TPI, 310 F.3d 263, 278 (2d Cir. 2002), this momentary passage was sufficient to vest jurisdiction in the United States District Court of the Southern District of New York.

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