This case requires us to consider whether a district court erred in reviewing an interim award in arbitration. E. B. Michaels and Ralph Michaels, on their own behalf and as agents for the former shareholders of the Hyman-Michaels Company (Charterer), appeal from a memorandum decision of the United States District Court for the Southern District of New York, Lloyd F. MacMahon, J., that denied their petition under 9 U.S.C. § 10 for an order vacating a decision and interim award in arbitration. As will be seen below, we believe that the district judge correctly refused to vacate the award. However, rather than reaching the merits of Charterer's claims, he should simply have dismissed the petition as premature. Therefore, we vacate the judgment of the district court and remand with instructions to dismiss the petition.