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PAN Malayan Insurance Corporation Vs. Court Of Appeals, Et Al.

PAN MALAYAN INSURANCE CORPORATION, petitioner, vs. COURT OF APPEALS and THE FOOD AND AGRICULTURAL ORGANIZATION OF THE UNITED NATIONS, respondents. Alejandro P. Ruiz, Jr. for petitioner. Conrado R. Ayuyao for private respondent.

G.R. No. 95070 | 1991-09-05

D E C I S I O N


REGALADO, J.:

This case had its origin in a shipment of 1,500 metric tons of IR-36 certified rice seeds which private respondent, The Food and Agricultural Organization of the United Nations (hereinafter referred to as FAO), an autonomous intergovernmental organization created by treaty, intended and made arrangements to send to Kampuchea to be distributed to the people for seedling purposes. Respondent court affirms the factual findings therein of the court a quo as chronologized hereunder.

On May 22, 1980, FAO received a formal offer from the Luzon Stevedoring Corporation (LUZTEVECO, for brevity) whereby the latter...