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Metro Port Service, Inc. Vs. Court of Appeals, et al.

METRO PORT SERVICE, INC., (Formerly E. Razon, Inc.), petitioner-appellant, vs. COURT OF APPEALS and CHARTER INSURANCE CO INC., respondents-appellees.

G.R. No. L-57582 | 1984-08-24

R E S O L U T I O N


MELENCIO-HERRERA, J.:

Petitioner seeks a review of the Decision, and Resolution denying reconsideration, of the then Court of Appeals in CA-G.R. No. 63087-R entitled "The Charter Insurance Co., Inc. vs. Universal Shipping Lines, Inc. and E. Razon, Inc."

The following are the established facts: Sometime in April 1973, Union Sales Marketing Corporation (UNION) ordered from Union Carbide of Antwerp, Belgium, 99,540 kilograms of Low Density Polyethylene, valued at US $.245 per kilogram or a total purchase price of US $24,417.30 (Exhibits "D" & "F"), at the conversion rate of P6.848 to a US Dollar (Exhibit "E").

The...