12% interest on judgment credit from date of finality

Once the judgment becomes final and executory, the "interim period from the finality of judgment awarding a monetary claim until payment thereof, is deemed to be equivalent to forbearance of credit." Thus, in accordance with the pronouncement in Eastern Shipping the rate of 12% p.a. should be imposed, and to be computed from the time the judgment became final and executory until fully satisfied. The actual base for the computation of this 12% interest after the judgment in this damage suit became final shall be the amount adjudge (P98,691.90) [G.R. No. 123643. October 30, 1996]