THIRD DIVISION   PETROLEUM SHIPPING LIMITED                   G.R. No. 148130 (formerly ESSO INTERNATIONAL SHIPPING (BAHAMAS) CO., LTD.)                   Present: and TRANS-GLOBAL MARITIME                        AGENCY, INC.,                                                      QUISUMBING, J.,                                        Petitioners,                              Chairman,                                                                                    CARPIO,                                                                                    CARPIO MORALES,                                                                                    TINGA, and                 - versus -                                                    VELASCO, JR., JJ.       NATIONAL LABOR RELATIONS                     Promulgated: COMMISSION and FLORELLO W. TANCHICO,                                        Respondents.                     June 16, 2006   x- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -x     DECISION CARPIO, J.:   The Case            Before the Court is a petition for review[1] assailing the 25 January 2001 Decision[2] and 7 May 2001 Resolution[3] of the Court of Appeals in CA-G.R. SP No. 54756.     The Antecedent Facts