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Caltex (Philippines), Inc. vs. Pnoc Shipping and Transport Corporation.

CALTEX (PHILIPPINES), INC., Petitioner, versus PNOC SHIPPING AND TRANSPORT CORPORATION, Respondent.

G.R. No. 150711 | 2006-08-10

THIRD DIVISION

D E C I S I O N 

CARPIO, J.: 

The Case 

Before the Court is a petition for review[1] assailing the 31 May 2001 Decision[2] and 9 November 2001 Resolution[3] of the Court of Appeals in CA-G.R. CV No. 46097. The Court of Appeals reversed the 1 June 1994 Decision[4] of the Regional Trial Court of Manila, Branch 51 ("trial court"), and dismissed the complaint filed by Caltex (Philippines), Inc. ("Caltex") against PNOC Shipping and Transport Corporation (PSTC). 

The Antecedent Facts 

On 6 July 1979, PSTC and Luzon Stevedoring Corporation ("LUSTEVECO") entered into an Agreement of Assumption of Obligations...