NEW YORK (Reuters) ? Ocean and rail transport company Sea Containers Ltd. on Monday reported a quarterly loss, after a one-time franchise payment and legal costs of a commercial dispute.

The Bermuda-based company reported a second-quarter loss of $17.7 million, or 64 cents per share, compared with a net profit of $6.8 million, or 30 cents per share, in the year-earlier quarter. The company said it paid $1.5 million of legal expenses in the quarter in connection with a dispute with General Electric Co.?s GE Capital over the costs of GE SeaCo, a marine container leasing joint venture between the two companies. Sea Containers said an arbitrator has been appointed in the dispute.