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Chartis Philippines Insurance, Inc. (formerly Philam Insurance Company, Inc.) Vs. Heung-A Shipping Corporation, et al./Heung-A Shipping Corporation, et al. Vs. Chartis Philippines Insurance, Inc. (formerly Philam Insurance Company, Inc.)

PHILAM INSURANCE COMPANY, INC. (now CHARTIS PHILIPPINES INSURANCE, INC.*), Petitioner, vs. HEUNG-A SHIPPING CORPORATION and WALLEM PHILIPPINES SHIPPING, INC., Respondents. G.R. No. 187701 ___________________________ HEUNG-A SHIPPING CORPORATION and W ALLEM PHILIPPINES SHIPPING, INC., Petitioners, vs. PHILAM INSURANCE COMPANY, INC. (now CHARTIS PHILIPPINES INSURANCE, INC.), Respondent. G.R. No. 187812

G.R. Nos. 187701/187812 | 2014-07-23

FIRST DIVISION
 
DECISION

REYES, J.:
 
At bar are consolidated petitions for review on certiorari1 under Rule 45 of the Rules of Court assailing the Decision2 dated January 30, 2009 of the Court of Appeals (CA) in CA-G.R. CV No. 89482 affirming with modifications the Decision3 dated February 26, 2007 of the Regional Trial Court (RTC) of Makati City, Branch 148, in Civil Case No. 01-889. 
 
The Factual Antecedents
 
On December 19, 2000, Novartis Consumer Health Philippines, Inc. (NOVARTIS) imported from Jinsuk Trading Co. Ltd., (JINSUK) in South  Korea, 19 pallets of 200 rolls of Ovaltine Power...