G.R. NOS. 111202-05 -

Ruling

WHEREFORE, IN VIEW OF THE FOREGOING, based on the allegations, prayer and evidence adduced, both testimonial and documentary, the Court is convinced, that, indeed, defendants/respondents are liable to plaintiff/petitioner in the amount prayed for in the petition for which [it] renders judgment as follows: Respondent M/V Star Ace, represented by Capt. Nahum Rada, Relief Captain of the vessel and Omega Sea Transport Company, Inc., represented by Frank Cadacio is ordered to refrain from alienating or transfer[r]ing the vessel M/V Star Ace to any third parties; Singko Trading Company to pay the following: Taxes due the Government; Salvage fees on the vessel in the amount of $1,000,000.00 based on the Lloyd's Standard Form of Salvage Agreement; Preservation, securing and guarding fees on the vessel in the amount of $225,000.00; Salaries of the crew from August 16, 1989 to December, in the amount of $43,000.00 and unpaid salaries from January 1990 up to the present; Attorney's fees in the amount of P656,000.00; Vlazon Enterprises to pay plaintiff in the amount of P3,000,000.00 for damages; Banco do Brazil to pay plaintiff in the amount of $300,000.00 in damages; and finally, Costs of suit. SO ORDERED.