In the waters off South America, the Soviets torpedo the tramp steamer and Banana boat (ship) SS ''Banos'' and murder the survivors with the cooperation of the ship's radioman, Clegg who escapes with his life and a promise of $5000. The Soviets have mocked up their own ship as the SS ''Banos'' that contains an atomic device with the goal of sailing the ''Banos'' to the locks of the Panama Canal where they will detonate their ship on an atomic suicide mission.
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