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Danville Maritime, Inc. vs. Comm. On Audit

DANVILLE MARITIME, INC., petitioner, vs. COMMISSION ON AUDIT, respondent.

G.R. No. 85285 | 1989-07-28

R E S O L U T I O N


GANCAYCO, J.:

In the petition for review in G.R. No. 85285, petitioner seeks to set aside the letter-directive of respondent Commission on Audit (COA for brevity) disapproving the result of the public bidding held by the Philippine National Oil Company (PNOC for brevity) of the sale of its tanker-vessel "T/T Andres Bonifacio" on the ground that only one bidder submitted a bid and to direct COA to approve the said sale.

In the early part of 1988, the PNOC, through its Board of Directors, passed a resolution authorizing the sale by public bidding of its fourteen-year old turbine tanker named "T/T Andres Bonifacio" due...