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Maritime Agencies & Services, Inc. Vs. Court Of Appeals, Et Al.

MARITIME AGENCIES & SERVICES, INC., petitioner, vs. COURT OF APPEALS, and UNION INSURANCE SOCIETY OF CANTON, LTD., respondents.

G.R. No. 77638 | 1990-07-12

D E C I S I O N


CRUZ, J.:

Transcontinental Fertilizer Company of London chartered from Hongkong the motor vessel named "Hongkong Island" for the shipment of 8073.35 MT (gross) bagged urea from Novorossisk, Odessa, USSR, to the Philippines, the parties signing for this purpose a Uniform General Charter dated August 9, 1979. 1

Of the total shipment, 5,400.04 MT was for the account of Atlas Fertilizer Company as consignee, 3,400.04 to be discharged in Manila and the remaining 2,000 MT in Cebu. 2 The goods were insured by the consignee with the Union Insurance Society of Canton, Ltd. for P6,779,214.00 against all risks. 3

Maritime...