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Insurance Company of North America Vs. Asian Terminals, Inc

INSURANCE COMPANY OF NORTH AMERICA, Petitioner, versus ASIAN TERMINALS, INC., Respondent.

G.R. No. 180784 | 2012-02-15

THIRD DECISION

D E C I S I O N
 
PERALTA, J.:
 
 
This is a petition for review on certiorari[1] of the Decision of the Regional Trial Court (RTC) of Makati City, Branch 138 (trial court) in Civil Case No. 05-809 and its Order dated December 4, 2007 on the ground that the trial court committed reversible error of law.
 
The trial court dismissed petitioner's complaint for actual damages on the ground of prescription under the Carriage of Goods by Sea Act (COGSA).

The facts are as follows:
 
On November 9, 2002, Macro-Lite Korea Corporation  shipped to San Miguel Corporation, through M/V "DIMI P" vessel, one hundred...