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Keppel Cebu Shipyard, Inc. vs. Pioneer Insurance and Surety Corporation 601 SCRA 96

KEPPEL CEBU SHIPYARD, INC., Petitioner, versus PIONEER INSURANCE AND SURETY CORPORATION, Respondent.

G.R. Nos. 180880-81 | 2009-09-25

DECISION
 
NACHURA, J.:

Before us are the consolidated petitions filed by the parties-Pioneer Insurance and Surety Corporation[1] (Pioneer) and Keppel Cebu Shipyard, Inc.[2] (KCSI)-to review on certiorari the Decision[3] dated December 17, 2004 and the Amended Decision[4] dated December 20, 2007 of the Court of Appeals (CA) in CA-G.R. SP Nos. 74018 and 73934.

On January 26, 2000, KCSI and WG&A Jebsens Shipmanagement, Inc. (WG&A) executed a Shiprepair Agreement[5] wherein KCSI would renovate and reconstruct WG&A's M/V "Superferry 3" using its dry docking facilities pursuant to its restrictive safety and security...