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Asian Terminals, Inc. vs. Malayan Insurance, Co., Inc.

ASIAN TERMINALS, INC., Petitioner, vs. MALAYAN INSURANCE, CO., INC., Respondent.

G.R. No. 171406 | 2011-04-04

FIRST DIVISION
D E C I S I O N
 
DEL CASTILLO, J.:
 
Once the insurer pays the insured, equity demands reimbursement as no one should benefit at the expense of another. 
 
This Petition for Review on Certiorari [1] under Rule 45 of the Rules of Court assails the July 14, 2005 Decision [2] and the February 14, 2006 Resolution [3] of the Court of Appeals (CA) in CA G.R. CV No. 61798.
 
Factual Antecedents
 
On November 14, 1995, Shandong Weifang Soda Ash Plant shipped on board the vessel MV "Jinlian I" 60,000 plastic bags of soda ash dense (each bag weighing 50 kilograms) from China to...