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2100 Custom Brokers Inc. vs. PhilAm Insurance Company (AIG Philippines Insurance, Inc.)

2100 CUSTOMS BROKERS, INC., PETITIONER, VS. PHILAM INSURANCE COMPANY [NOW AIG PHILIPPINES INSURANCE INC.], RESPONDENT. DECEMBER 1, 2020

G.R. No. 223377 | 2020-06-10

THIRD DIVISION
D E C I S I O N
 
CARANDANG, J.:
 
Before this Court is a Petition for Review on Certiorari[1] under Rule 45 of the Rules of Court (Rules), assailing the Decision[2] dated October 12, 2015 and.the Resolution[3] dated March 7, 2016 of the Court of Appeals (CA) in CA-G.R. SP No. 138302 filed by petitioner 2100 Customs Brokers, Inc. (2100 CBI).
 
The Antecedents

On February 27, 2001, Ablestik Laboratories (Ablestik) placed two (2) cardboard boxes containing 63 jars of Ablebond Adhesive on board Japan Airlines (JAL) Flight No. JL 5261 in Los Angeles, California, United States of America[4] covered...