FACTS:

In January 2012, Chillies Export House Limited turned over 250 bags of chili pepper to APL Co. Pte. Ltd. (APL) for transport from India to Manila. The shipment arrived in Manila on February 2012, but 76 bags were found to be wet and heavily infested with molds. The shipment was declared unfit for consumption and a total loss. BSFIL Technologies, Inc., the consignee, insured the cargo with Pioneer Insurance and Surety Corporation. Pioneer Insurance paid BSFIL P195,505.65 and was subrogated to all the rights and claims of BSFIL. Pioneer Insurance sought payment from APL, but APL refused, prompting Pioneer Insurance to file a complaint for sum of money. The Municipal Trial Court ruled in favor of Pioneer Insurance, which was affirmed by the Regional Trial Court. APL filed an appeal with the Court of Appeals, which reversed the lower courts' decision, ruling that the action was barred by prescription. Pioneer Insurance filed a petition for review on certiorari.

ISSUES:

1. Whether the Court of Appeals erred in ruling that the petitioner's claim against the respondent is already barred by prescription.

2. Whether the Court of Appeals erred in holding that the one-year prescriptive period provided under the Carriage of Goods by Sea Act (COGSA) is not applicable in the instant case.

RULING:

1. The Supreme Court has not yet rendered a ruling on this case.

PRINCIPLES: