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Lorenzo Shipping Corp. vs Bj Marthel International, Inc.

LORENZO SHIPPING CORP., P e t i t i o n e r, versus BJ MARTHEL INTERNATIONAL, INC., R e s p o n d e n t.

G.R. No. 145483 | 2004-11-19

D E C I S I O N



CHICO-NAZARIO, J.:





This is a petition for review seeking to set aside the Decision[1] of the Court of Appeals in CA-G.R. CV No. 54334 and its Resolution denying petitioner's motion for reconsideration.



The factual antecedents of this case are as follows:



Petitioner Lorenzo Shipping Corporation is a domestic corporation engaged in coastwise shipping. It used to own the cargo vessel M/V Dadiangas Express.



Upon the other hand, respondent BJ Marthel International, Inc. is a business entity engaged in trading, marketing, and selling of various industrial commodities. It is also an importer and distributor of...