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New World International Development (Phils.), Inc. vs. Nyk-FilJapan Shipping Corp., et al.

G.R. No. 171468 NEW WORLD INTERNATIONAL DEVELOPMENT (PHILS.), INC., Petitioner, - versus - NYK-FILJAPAN SHIPPING CORP., LEP PROFIT INTERNATIONAL, INC. (ORD), LEP INTERNATIONAL PHILIPPINES, INC., DMT CORP., ADVATECH INDUSTRIES, INC., MARINA PORT SERVICES, INC., SERBROS CARRIER CORPORATION, and SEABOARD-EASTERN INSURANCE CO., INC., Respondents. x ------------------------------------------------- x G.R. No. 174241 NEW WORLD INTERNATIONAL DEVELOPMENT (PHILS.), INC., Petitioner, - versus - SEABOARD-EASTERN INSURANCE CO., INC., Respondent.

G.R. No. 171468 and G.R. No. 174241 | 2011-08-24

THIRD DIVISION
DECISION
 
ABAD, J.:
 
These consolidated petitions involve a cargo owner’s right to recover damages from the loss of insured goods under the Carriage of Goods by Sea Act and the Insurance Code.
 
The Facts and the Case
         
Petitioner New World International Development (Phils.), Inc. (New World) bought from DMT Corporation (DMT) through its agent, Advatech Industries, Inc. (Advatech) three emergency generator sets worth US$721,500.00. 
 
DMT shipped the generator sets by truck from Wisconsin, United States, to LEP Profit International, Inc. (LEP Profit) in Chicago,...