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The petitioner Cokaliong Shipping Lines transported cargo for shippers/consignees under two bills of lading (BOL) that declared lower values than what the cargo owner insured the goods for with the respondent UCPB General Insurance. After a fire destroyed the vessel and cargo, UCPB, having paid the inflated insurance claims, sued Cokaliong for the full insured amounts. The Court ruled that Cokaliong
- Author
- Ellis Lagasca
- Language
- EN