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This case involves a shipment of auto parts that was damaged while in transit from Japan to the Philippines. The shipment was insured by Prudential Guarantee and Assurance Inc. under a Marine Open Policy. When damage occurred to the shipment while in the custody of Eastern Shipping Lines and Asian Terminals, Prudential paid the claim to Nissan Motor Philippines. Prudential then sued Eastern Shipping and Asian Terminals to recover the amount paid, claiming subrogation rights. The court ruled in favor of Eastern Shipping because Prudential failed to present the Marine Insurance Policy in evidence, relying only on the Marine Cargo Risk Note, which is insufficient to prove a claim of subrogation. A Marine Risk Note does not establish
Originalbeschreibung:
Eastern Shipping v. Prudential Guarantee (Insurance)
This case involves a shipment of auto parts that was damaged while in transit from Japan to the Philippines. The shipment was insured by Prudential Guarantee and Assurance Inc. under a Marin…