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Philippine Charter Insurance Corporation vs Unknown Owner of the Vessel M/V National Honor

PHILIPPINE CHARTER INSURANCE CORPORATION, Petitioner, versus UNKNOWN OWNER OF THE VESSEL M/V "NATIONAL HONOR," NATIONAL SHIPPING CORPORATION OF THE PHILIPPINES and INTERNATIONAL CONTAINER SERVICES, INC., Respondents.

G.R. No. 161833 | 2005-07-08

SECOND DIVISION
D E C I S I O N 
 
CALLEJO, SR., J.: 
 
This is a petition for review under Rule 45 of the 1997 Revised Rules of Civil Procedure assailing the Decision[1] dated January 19, 2004 of the Court of Appeals (CA) in CA-G.R. CV No. 57357 which affirmed the Decision dated February 17, 1997 of the Regional Trial Court (RTC) of Manila, Branch 37, in Civil Case No. 95-73338. 
 
The Antecedent 
 
On November 5, 1995, J. Trading Co. Ltd. of Seoul, Korea, loaded a shipment of four units of parts and accessories in the port of Pusan, Korea, on board the vessel M/V "National Honor," represented in...