G.R. No. 156978 - Aboitiz Shipping Corp. vs. New India Assurance Co., Ltd.

Aboitiz Shipping Corp. vs. New India Assurance Co., Ltd.

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Title Supreme Court: Aboitiz Shipping Corp. vs. New India Assurance Co., Ltd.

Case: G.R. No. 156978

Decision Date: May 2, 2006

Cargo lost as vessel sank due to unseaworthiness; petitioner failed to prove extraordinary diligence, held liable for full value. Limited liability doctrine inapplicable.

limited liability doctrine

lost cargo

sinking of vessel

Short 11 min

END