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What is Subrogation Rights in Cargo Damage Case about?

This case involves a shipment of auto parts that was damaged while being transported by sea. The insurer, Prudential Guarantee, paid the claim to Nissan for the damages and then sued the carrier, Eastern Shipping Lines, seeking reimbursement based on subrogation. However, Prudential did not present the actual marine insurance policy in evidence, only presenting a Marine Risk Note. The Supreme Court ruled in favor of Eastern Shipping Lines, finding that without the marine insurance policy, there was insuffic

Author

John Mark Revilla

Language

EN